James Marape

PNG Mourns A Vibrant Leader

“We pray for God’s Hand on the country at this sad time and it is a big loss to his family, people of Bulolo, Morobe, United Labour Party and Papua New Guinea, as we try to come to terms with his passing,” said the Prime Minister.

PM Marape said he was a strong member of the present generation of leaders in Government who had the country at heart

“What makes his untimely passing even sadder is the fact that it happened only hours before nominations open for the 2022 General Election.

COI To Present Report In March

He stated this after giving evidence at the COI in Port Moresby on Monday. The COI established in 2019 by Marape is establishing facts surrounding the whole transaction, including persons and entities involved and whether or not the deal followed proper and legal process and procedures.

It has taken two years probing into the UBS loan obtained by the previous government headed by Peter O’Neill to buy shares in Oil Search Limited.

Gov’t Committed In Serving Rural People

He made this remark at Ponowi Village in Ialibu, Southern Highlands Province, last Friday, January 28, 2022, when officiating at the launching of Siwi Utame Agro Technical High School and Siwi Utame Loop Road.

Both projects are of the Southern Highlands Provincial Government with support from the National Government.

“My Government is visiting the most-remote parts of Papua New Guinea,” Marape said before leaving by helicopter for Kapuna in Kikori, Gulf, to open a new Level 4 hospital.

MRDC Amendment Bill Passed

The Bill allows for governance procedures relating to appointment of directors on the MRDC board, and the election of directors for the MRDC company boards, to commence as mandated by its respective company constitution.

It rectifies the unintended consequences of the current provision in the Principal Act, in that it prevents the refreshing of representational mandate for directors on the MRDC board and project area representative directors on their MRDC Company boards, by subjecting it to the MRDC company constitution and the Companies Act 1997.

Parkop Commends Prime Minister

Governor Parkop, a strong advocate for the rights of the people of West Papua said it was a milestone despite PM Marape raising it in a very diplomatic and subtle way.

Prime Minister Marape told world leaders at the UNGA: “While commending the UN on the peace efforts in Papua New Guinea. I would also like to recall the Pacific Islands Forum Leaders’ decision in 2019 and the outstanding visit by the UN Human Rights mechanism to address the alleged human rights concerns in our neighbourhood.

Way Forward For Climate Change

He said a new concept which is currently in discussion, is something countries of bigger economies are looking into, to support the little island countries

The Paris Climate Agreement 2019, made as part of the United Nations Framework Convention on Climate Change set a common goal where all the nations are to keep their carbon emissions reduced to around 1.5 degrees Celsius, from where it was during the pre-industrial era.                                                                                                                                                      

Marape claim PNG lost over $US1 billion in the UBS loan transaction

The amount is equal to more than K3.3 billion.

Prime Minister Marape announced this after giving evidence before the royal commission on Monday.

“From my records from what was directly lost and indirectly lost and the opportunity cost associated, we lost over $US1-2 billion dollars in the process of the UBS transaction,” he said.

Early during the inquiry, Managing Director of the Kumul Petroleum Holdings, Wapu Sonk revealed that that the country lost $US432 million.

Marape to visit Pogera

He announced this during a press conference late yesterday afternoon.

The Prime Minister is expected to formally handover the Framework Agreement to the landowners.

“I will inform our people on what we have secured as far as the framework agreement is concerned.”

The operations of the mine have been suspended since April 2020.

Under the new binding agreement, PNG secured a 51% stake while Barrick Niugini the developer, has a 49% stake.

Marape boasts the 51% stake is a much better deal for the landowners and the country.

Govt Ensures Fair Elections

He said this when following accusations of tempering with the electoral process that prevented leaders from taking Office and in turn affecting service delivery.

The Prime Minister backed the recommendation of the recent NIS Assessment Report on improving the Electoral process, adding that this will help people to vote in freely and fairly.

He said despite the fast passage of time and political instability, the Government will ensure that everyone’s vote is counted.

PNG to get 51% in new Porgera Deal

The State of Papua New Guinea and Barrick Niugini Limited today formally signed the Framework Agreement at Government House paving the way for a new partnership with BNL.

Under the framework agreement the ownership of the Porgera Gold Mine will be held in a new Joint Venture company with PNG to hold a 51% stake and BNL with 49%.

The Framework Agreement also sets the foundation for operations arrangements, and benefit split

Under the new deal BNL will finance the start-up of the mine and remain the operator.