Who owns Papua New Guinea's resources boom?
global companies are lining up to extract mineral resources, oil and gas, but the country's complex system of land tenure, it is difficult to pass on the benefits
Peter O'Neillfirst two months in office as Minister of Papua New Guinea have seen first having to apply the political damage control more often than you might expect.
There was a clean-up after members of his new look cabinet moved to suspend some provincial governments - including the East Sepik, as the power base of Sir Michael Somare, has launched a legal challenge Resolution of Congress dramatically long deposed Prime Minister of Papua New Guinea and allowed the subsequent vote O'Neill saw his place.
Then O'Neill was busy clarifying the government's position in the first corporate jet. Although this article announced that the luxury time Somare be sold, which was used to transport ministers in the country.
But the biggest drop was in connection with the new Minister of Mines for Byron Chan significantly change the rules of ownership of resources in PNG, so that the traditional owners took control of the State . That sent jitters through investment in the community, especially the mining sector. Thus, in a recent business lunch in Brisbane, where O'Neill addressed the "who's who of mining and investment PNG oil," which sought to reassure them that it would be as usual.
"The rules have not changed. The playing field remains the same and will remain so for the foreseeable future," said O'Neill of the group.
However, the issue of resource ownership continues to dominate the public debate in a country experiencing an unprecedented boom of resources. The biggest development in the course is $ 15 billion of the proposed Exxon Mobil gas field in the remote mountains. The oil giant plans to pump the product through a pipeline of 850 km through several provinces, from 2014.
Peter Graham, CEO of Exxon's subsidiary Esso Highlands Ltd, which manages the project, says Papua New Guinea should benefit from the development. "Some analysts predict a doubling of GDP, I believe that education and health also benefit the communities," said
It sounds promising for a country plagued by a lack of public administration and the systematic corruption, and that seems to miss all the Millennium Development UN, despite growth strong economic in recent years.
- "We have been here a long time," said Ekanda. "The earth belongs to the tribe, not the individual. Private property is a Western concept. It is not our culture." Ekanda said the state, which has equity of 19.4% in the gas project, acts of evil in the development of natural resources. "Developer should be treated with direct ownership and the government should be the regulator alone."
Paul Barker, the Institute of National Affairs, a private company funded by reflection, says there is frustration in the community in general by the lack of equity and participation in the project, and the right resources generally. "The frustration not refer so much to exploit their own resources, but in the governance of the benefits of resource extraction."
Barker says the Government of Papua New Guinea has received considerable revenue from the mines for years, although it has little benefit to the provinces and landowners. "People see the resources are extracted, they see the apparent stream of wealth flowing to certain players, but then on the floor you just see the problems."
See more about : [Ekanda][Simon][Esso][Byron][Somare][Papua]
Blog Archive
-
▼
2011
(638)
-
▼
October
(166)
- Calling Carlos Tevez's bluff may be way to play it...
- Eurozone debt crisis D-day live
- Emphasising financial value of degrees 'threatens ...
- 9/11 widows shun spotlight as 10th anniversary of ...
- Is Open University pricing out older learners?
- Sollecito's father offers sympathy to parents of m...
- Dominique Strauss-Kahn attempted rape inquiry dropped
- The lawyers trying to give deaf people a hearing
- Private university BPP launches bid to run 10 publ...
- Doubts grow on pension reform
- From Partridge to Brent - why the jokes have stopp...
- England breathe a sigh of relief at World Cup 2014...
- New Uefa guidelines persuade Premier League clubs ...
- Brazil's female construction workers set foundatio...
- University reforms: 'dead-end' courses to be named...
- Manchester City's £100m plan to be the Barcelona o...
- News of the World: A newspaper is gone, but an inq...
- Tech House Summer Vol 3
- News of the World: A newspaper is gone, but an inq...
- English clubs spend biggest in window
- Happy Birthday Wind Spinner
- Inter's new coach Gian Piero Gasperini shrugs off ...
- New Large Custom Texas Tech College Pin Wheel Hair...
- New Georgia Tech Yellow Jackets Money Clip/Cardhol...
- Europe's top industrial firms have a cache of 240m...
- It would be unspeakable to lose Gaelic | Kevin McK...
- New Georgia Tech Yellow Jackets College Gift Box W...
- NYConvergence
- Libya prepares for life after Gaddafi
- Breakfast clubs can help to rescue a school, but m...
- Blue Keyboard Skin Compatible with AppleTM Macbook
- Jack the lad: Jack Whitehall interview
- European Union: The referendum is an absurd sidesh...
- All 6's And 7's
- Nostradamus in silico: can supercomputers really p...
- NEW Virginia Tech Hokies Handmade Bracelet Team Co...
- Labour takes aim at rail and energy suppliers' ris...
- Kenneth Cole New York Men's KC3982 Digi-Tech Digit...
- NHS plans 'will mean putting wealthy first'
- New Lives
- NHS plans will mean putting wealthy first, says do...
- In the end, isn't home where the heart is?
- FSS closure may jeopardise serious crime trials, w...
- NEW HUNTER 30057 HEPA TECH ROOM AIR PURIFIER (SMAL...
- Mark Duggan's funeral cortege joined by 1,000 mour...
- iPhone 3G, 3GS, 4 USB Wall Adapter Charger with US...
- New Tech (PPT) Powerpoint Template | Technology Po...
- University 'market' is a con | Stefan Collini
- Libya's unlikely rebel with a cause against Gaddafi
- New Balance Men's NB Linear Tech Tee (Black, Large)
- The Fiver | Shay Given from the County Donegal | B...
- New Balance Women's Lace Up She Rocks Tech Tee (Wh...
- Who owns Papua New Guinea's resources boom?
- Rick Perry in the spotlight as Texas sets to work ...
- Verizon Motorola Droid A855 Android Cell Phone (no...
- Cribsheet: 21.10.11
- New Balance Women's U1100 Tech Sneaker,Silver,11 D...
- Obama hails death of Muammar Gaddafi as foreign po...
- New Balance Men's M850 Heritage Tech Running Sneak...
- UK riots: Number of accused forces courts to open ...
- The Sims 3: Design and Hi-Tech Stuff
- Egypt, Israel and Palestine: an awkward three-way ...
- LG Optimus GT540 Unlocked GSM Quad-Band Phone with...
- Boundary review angers senior MPs
- LG Optimus GT540 Unlocked GSM Quad-Band Phone with...
- Positive Martin Allen determined to put the smile ...
- Tech Deck Pro Line Birdhouse Tony Hawk New and Thr...
- NHS cuts' toll on young, old and infirm
- Hillary Clinton details new aid package to Libya
- DigiTech RP255 Modeling Guitar Processor and USB R...
- Obama administration 'bailed out' GM salmon firm
- Housing shortage: are oldsters 'hoarding' 25m bedr...
- Sony Ericsson XPERIA X10 Mini Pro (U20i) Unlocked ...
- Fox News: real winner of the GOP debate | Jeff Win...
- 7" iRobot APad iPed Epad Google Android Tablet WIF...
- 7" iRobot APad iPed Epad Google Android Tablet WIF...
- 7" iRobot APad iPed Epad Google Android Tablet WIF...
- Battle to fill disgraced Galliano's shoes at Dior ...
- Arsène Wenger knows but Arsenal are in an almighty...
- Social care is on the critical list. But Dilnot wo...
- iPromote Tech-Foots
- Rick Perry in spotlight over Texas executions
- Swiss Tech New Product Tool Pack
- Is the law degree an ass? | Alex Aldridge
- Happy Together
- Society daily 17.10.11
- Papandreou survives confidence vote
- Tike Tech Double Stroller Car Seat Adapter
- Newcastle United v Tottenham Hotspur | Jacob Stein...
- Maybelline New York Volum' Express Turbo Boost Wat...
- US state department concerned by lack of UK help f...
- New Zealand Story: Revolution
- AT&T SANIK 27910 3SNAAA60HSJ1 Cordless Phone Batte...
- Conservative conference: Gove spells out next step...
- Vtech - Sit-to-Stand Learning Walker
- Tony Sale obituary
- The EU's Premier League rights ruling explained
- Cell-Tech Hardcore -MuscleTech Musclebuilding Crea...
- Society daily: 25.08.11
- The New Tech Garden
-
▼
October
(166)
0 comments:
Post a Comment