miningpolicy by june

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220413NO MONEY NO INDEPENDENCE SAYS MOMIS
By Aloysius Laukai in Buin.
Bougainville President, DR. JOHN MOMIS says the preparedness for Bougainville to become independent depends entirely on the ABG’s capacity to raise its own funds and the ways things are at the moment the ABG is no way near to reaching that target.
The ABG President DR. JOHN MOMIS made these remarks at the opening of the two-day Forum on the future of the Panguna Mine in Buin, South Bougainville.
He told the Buin Forum that at the moment the ABG raises only SIX MILLION KINA which means that if AUSAID and other Donor funds including National Government’s direct grants to the ABG stops tomorrow, there will be no independence.
DR. MOMIS said that this is why the ABG needs to raise its own funds and that is why the ABG wants the Panguna mine to re-open for the ABG to raise the much needed funds in the shortest possible time.
He said that the ABG was working with the landowners to fast tract the reopening of the Panguna mine and before it can go ahead with the process it will continue to consult the various stakeholders through the forums.
ABG President said that the ABG and the Landowners and all stakeholders will have to negotiate for a better deal this time round.
resident Momis says any opening of the Panguna mine or any other mine will be under Bougainville's law. The ABG President said that the ABG hopes to pass the Bougainville Mining Law in the June session of the ABG House.