LNR 0.00% 0.4¢ lanthanein resources ltd

to mine or not to mine kokoda, page-3

  1. 559 Posts.
    How can you say that did you read the article!

    "The PNG Government is unable to make an independent stand as an independent nation, and any feasible solution is unlikely. It is apparent that market forces of the commodity in question will override other concerns."

    "If the Government does not renew the EL No 1348, it may give the wrong signal to the mining world that historical sites in PNG are no-go for mineral exploration.
    This will erode the international competitiveness of the mining industry.
    Then there is also the threat of the landowners have (at the time of this article) already blocked the Kokoda Track.
    The persistent public protests by the Kodu landowners may jeopardise the future existence of the Kokoda Track.
    Thus, no mining means no Kokoda, both of which will have consequences.
    This analysis shows the Kokoda Track has higher value in the long term but not in the short term. Mining Mt Bini offers higher benefits in the short term but not in the long term.
    At the national level, the new mine will expand the country’s production of goods and services."



 
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