State team distributes draft CDA

The State Team involved in the Porgera Mining Project Community Development Agreement (CDA) negotiations, has given an indefinite time off to the parties of the CDA, to review and comment on the draft CDA document, before negotiations resume.

The draft CDA document contains the various landowner and stakeholder benefits that are expected out of the new Porgera Mine. The expected benefits from the State and New Porgera Limited (NPL) include royalties, equity, Infrastructure Development Grants (IDG), Special Support Grants (SSG) and business spin-off opportunities among others.

The parties to the CDA are the Special Mining Lease (SML) landowners, New Porgera Limited (NPL), Enga Provincial Government, the State and the Porgera Rural Local Level Government. The parties agreed to allow, non-SML landowners who are the Lease for Mining Purposes (LMP), Mining Easements (ME), Hides-Porgera Power Line landowners and the Riverine impact communities, to be given copies of the draft to review.

Although non-SML landowners are not parties to the CDA, they will still receive benefits derived from the mine. The Managing Director of the Mineral Resources Authority, (MRA), Jerry Garry, reiterated Enga Governor, Sir Peter Ipatas’ call and appealed to the SML landowners to consider non-SML landowners in equity sharing.

In distributing the draft document to the parties, MD Garry told them (parties) that there would be certain things that the parties may want as part of their review, which the state team can make decisions on immediately based on policy and law. However, there would be other things that may require the National Executive Council’s (NEC) decision.

Garry said the Porgera Mine deal is the best deal ever, in the 49 years of the country’s mining history. He acknowledged the leadership of Prime Minister James Marape and Governor Sir Ipatas in securing the deal, where the country has 51 percent equity in the project.

Author: 
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