PNG Extractive Industries Transparency Initiative (PNGEITI)

Live data from extractive industries

Live data will include numbers showing production value, export value, and related information basically livestreamed from a data source of respective mine operators. 

Ok Tedi Mine will be fist to streamline live data to the MRA website for public access after engineers have finalized work. Others will follow soon after.

PNGEITI in Lae for consultation

The Momase Regional workshop aims to gauge stakeholders’ views on the National Secretariat’s intention to transition into a statutory body.

The Momase region, especially stakeholders in the extractive sector of oil, gas, mining, fisheries, forestry and agriculture, have been invited to participate at the Extractive Industries Transparency Initiative consultation on the PNGEIT Commission Bill.

The consultation is set to start today (Tuesday July 27th) at the Huon Gulf Hotel, and will end on the 5th of August.

PNGEITI supports media report

Head of the PNGEITI National Secretariat, Lucas Alkan, made this statement in reference to an overseas report claiming two Australian mining giants have paid little or no corporate income tax in PNG despite huge profits.

The Guardian publication, dated Wednesday June 9th, said Newcrest and St Barbara are benefiting from PNG’s complex taxation system.

Ensuring inclusion of EITI reporting clauses

The PNGEITI National Secretariat participated in the week-long review of Woodlark Mining Project Memorandum of Agreement held in Alotau, Milne Bay, from October 12 to 17, 2020.

Head of National Secretariat, Lucas Alkan, said the purpose of PNGEITI’s participation in the review of the Woodlark MoA was to ensure that the EITI provisions were included in the project agreement for contract transparency or disclosure of contracts that has now become mandatory for all EITI implementing countries, including PNG.

Consider transparency mechanisms for projects: EITI

Head of the PNG Extractive Industries Transparency Initiative (PNGEITI) National Secretariat, Lucas Alkan, said it would be interesting to see how negotiations take place as the government proceeds with preparation for negotiating the Wafi Golpu project, the Woodlark and Kainantu Gold Mines MOA reviews and other projects in the pipeline.

Alkan said the Government’s commitment to implementing EITI will not increase transparency overnight, however, it will assist the government to manage the extractive sector in a more inclusive and transparent manner. 

Deputy PM to launch PNG EITI reports

The reports, concurrently compiled last year, cover the fiscal years 2015 and 2016 and encompass large scale mining, oil and gas projects that were in production.

PNGEITI Head of Secretariat, Lucas Alkan, said: “The reports list 9 reporting entities from mining sector and 7 entities from the oil and gas sector that made material payments to the government in 2015 and 2016.

“It also lists 7 SOEs and 8 relevant government departments that received these payments in the same years.”

Extractive companies to disclose owners

This comes into effect immediately following the signing of a contract between PNG Extractive Industries Transparency Initiative (PNGEITI) National Secretariat and auditing firm KPMG.

In a media statement, PNG EITI says the move is to identify the real owners of the companies who had acquired rights to extract oil, gas and minerals which, in many cases, were not known and often hidden behind a chain of corporate entities.

Outgoing Chamber director applauded

Greg Anderson, who leaves after 28 years in the role, has been commended by Papua New Guinea Extractive Industries Transparency Initiative’s National Secretariat Head, Lucas Alkan, for being supportive to them.

In a media statement, Alkan said Anderson had been supportive since PNG agreed to implement the EITI reporting process as a candidate country in 2013.

“It’s been a wonderful time working with the PNG Chamber of Mines and Petroleum under the leadership of Mr Greg Anderson, particularly in supporting us implement the EITI reporting in the country,” Alkan said.

MRDC’s revenue management to be transparent

This is after joining the PNG Extractive Industries Transparency Initiative (PNGEITI).

In a media statement, the PNGEITI announced that the MRDC has joined their Multi Stakeholder Group (MSG), which is the primary body responsible to oversee and coordinate the successful and effective implementation of the global EITI standards in PNG.

The body provides and establishes a framework to promote collaboration and consensus.

Effective management of extractive resource revenues needed

This is one of the focus areas in a workshop currently underway in Port Moresby which has brought together key stakeholders in the extractive industry in PNG.

The workshop, jointly hosted by the PNG Extractive Industries Transparency Initiative (PNGEITI) and the Pacific Leadership and Governance Precinct, has brought together resource sector stakeholders to discuss with them and to equip them with the tools to manage PNG’s vast natural resources.