Natural Resources

Prime Minister told the investors in Sydney recently.

In his discussions, he advised investors to view their investment in its entirety including diversifying their investment into exploration and tax credit schemes into social license, for the development of law and order infrastructure and services.

They also discussed the issue of incentivizing exploration and optimizing Government take and revenues to invest in downstream processing and value add of the vast non-renewable and renewable resource for export to nearby Asian and global markets.

Prime Minister James Marape made these remarks when he met with the Chief Executive Officers of Santos, K92, Twinza, ExxonMobil, Newcrest, and Harmony Gold in Sydney, Australia.

“In doing so, there must be a win-win situation for all parties, especially the resource owners, State, and the Developer.

“The Developers are outlaying significant capital and must gain a return on their investment,” said Marape.

The Prime Minister also met with the Chief Executive Officer of French Petroleum Giant, Total Energies.