This is what we are up against in PNG

Resource laws

Porgera gold mine. Credit: Barrick

Some significant changes are flagged for PNG’s resource laws, which are to be amended to ‘ensure customary land-owning clans and provincial governments are given increased benefits from all resource projects.’

The manifesto proposes new ways of sharing gains with resources companies and states the government will get a share of 51 per cent of the resource profits, with investors taking the remaining 49 per cent.

‘All our resource laws are to be amended to ensure customary land-owning clans and provincial governments are given increased benefits from all resource projects.’

‘After production cost is deducted, the National Government’s 51 per cent [will be] distributed with the Provincial Government and landowners, and investors will distribute their 49 percent.

‘All our resource laws are to be amended to ensure customary land-owning clans and provincial governments are given increased benefits from all resource projects.’

According to the document, a state entity Kumul Export Agency will be responsible for the marketing of the State's share of resources.