Resource ownership

NEC to discuss resource ownership: O’Neill

Last month, Rio Tinto Group gave away its 17.4 percent stake of the Bougainville Copper Ltd to the Papua New Guinea Government, which caused disagreements with the Autonomous Bougainville Government.

Also, the PNG Government owns 33.33 percent share in the Ok Tedi mine project in Western Province.  

“We will be making a decision next week. I will be making a major statement after that (proposal) has been deliberated by the NEC,” O’Neill said.  

“But it will not only relate to Bougainville shares but also to LNG shares and Western Province Ok Tedi shares.