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Law to keep extractive industries in check

Chan et al
Sir Julius Chan, EITI secretariat head Lucas Alkan and New Ireland provincial administrator Lamiller Pawut

SONIA BECKS
| PNG Extractive Industries Transparency Initiative

KAVIENG - New Ireland governor Sir Julius Chan says a proposed law to promote transparency and accountability in mining and petroleum will keep everyone honest in the long run.

Chan made this remark when he opened the Extractive Industries Transparency Commission Bill consultation for the New Guinea Island Region.

The bill aims to establish the PNG Extractive Industries Transparency Commission national secretariat as a statutory body with the responsibility of promoting openness and accountability in mining and petroleum.

Chan, a former prime minister who is vocal on extractive industries benefiting local people, said this is the time for all stakeholders to act to derive the best value from PNG’s rich endowment of natural resources.

A technical working group comprising the departments of Petroleum, Treasury and Personnel Management along with the Internal Revenue Commission and State Solicitor, met in Kavieng for a four-day consultation.

“You coming to New Ireland is an honour for us to air our little experiences,” Chan said.

“The Extractive Industries Transparency Commission will go a long way to keep everyone honest. This is a world to share – if we do it right, there will be enough to go around.”

Head of the national secretariat Lucas Alkan said the workshop is the first of four regional consultations to be rolled out this year.

“This is a state initiative and it’s fitting to have one of our founding statesmen show his support for this cause,” Alkan said.

The Extractive Industries Transparency Initiative has been in operation since 2014 and publishes annual reports detailing activities taking place in PNG mining and petroleum.

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