November 29, 2015

PNG Mining and Petroleum industry has strong link to economy development

The  Mining and the Petroleum industry has a strong link to the economic development and wellbeing of the people, a mining executive says.
Mel Togolo, the Papua New Guinea country manager for the Nautilus Mineral Niugini, made the statement during the PNG Mining and Petroleum conference in Port Moresby this week.
He said conflicts and disagreement in the mining and petroleum sectors were inevitable but “they must be managed and controlled”.
Togolo said like most other developments, mining brought about changes, which always created conflict.
He said Papua New Guinea had to move away from the idea “that argument is bad and peace is good”.
He said the mining and the petroleum industry in Papua New Guinea contributed to the socio-economic wellbeing of its people.
 “The concept of consultation facilitated through the development forum is aimed at solving conflicts.
“More importantly, it needs to be pointed out that the development forum process puts into practice the intentions and the spirits of the fifth goal of the preamble of the (PNG) constitution,” he said.
Nautilus Minerals is the developer for copper-gold project Solwara 1.
The company had been granted the Environment Permit and Mining Lease required for resource development for the project.