..............He promised his government will take a closer look at the mining, oil and gas and other resource sectors, saying the laws which govern them are outdated."This leadership is all about placing this country in the right place in taking back our economy. .............Mr Marape added that provincial governments should be able to participate more in resource extractive industries including fisheries.He hinted that government's recent moves to give more autonomy to provinces should go beyond transferral of functions and help empower them to raise their own revenues.
Do you know how the ownership shares of BCL are distributed? If you know this, you see the BCL provide the best conditions for the new president's plans. I see the way is clear for a very good development to reopen Panguna through BCL.
RTG Price at posting:
9.0¢ Sentiment: None Disclosure: Not Held
