Madang landowners get K25m payment

The National PNG – Landowners of the Ramu nickel and cobalt mine in Madang receive their royalty payment of more than K25.5 million on Friday. The payment was part of more than K80 million from Ramu exports last year. The payment was made available by Department of Mining last week and presented at the People’s Labour Party... more →
Posted in: Papua New Guinea

Ok Tedi sharing K380m after ‘exceptional’ year

The Natinal PNG – THE financial position of Ok Tedi Mining Limited has strengthened, generating more than K777 million of net investment activities allowing it to have nearly K380 million to be distributed to its shareholders. Prime Minister Peter O’Neill, tabling the annual reports and financial statements in parliament,... more →
Posted in: Papua New Guinea

LNG Project in PNG: First royalty payment successful

By SHIRLEY MAULUDU THE first phase of the recommencement of landowner beneficiary identification (LOBID) within PNG LNG Project impact areas has been completed, Department of Petroleum and Energy spokesperson says. The spokesperson said that the completed areas were for the pipeline segments starting from Kikori, in Gulf, to Beneria,... more →
Posted in: Papua New Guinea