Mineral Resources Authority Managing Director

VIDEO: K92 Mine update

Mineral Resources Authority Managing Director, Phillip Samar, said a series of consultations will take place before the actual review process begins.
Currently, MRA is brokering resolutions to an eight point petition which the Bilimoia Interim Landowner Association, who represents landowners from the mine, want addressed.
The MOA review is one of the issues contained in the petition.
MRA stepped in to address the petition following the arson attack on mining equipment by locals last week, forcing mine operator K92 Mining Inc to temporarily shut down production.

​Mine attack threatens investor confidence: MRA

In a media conference yesterday, Samar said the attack on the mine developer K92 Mining Inc, which was a new company to PNG and who invested millions of kina to revive the mine, had serious implications.

He said the company spent the last two years carrying out maintenance at the mine site and only began selling in July, of which the true benefits were yet to be seen when the attack occurred.

“It’s really discouraging,” said Samar.

“There will be people (investors) watching and wondering what’s going to happen next.”