Friday October 18 2013 PNG Sustainable Development Program Ltd regrets to advise that as of today, it is no longer able to continue funding social and economic development projects.
For several months, a number of positive and negative public statements have been made about the future of mining at Ok Tedi and about PNG Sustainable Development Program Ltd, the trust company that holds 63.4 percent of the shares of Ok Tedi Mining Limited in trust for the people of Western Province.
I have not, until now, responded to any of these statements, believing that the issues were best dealt with through direct discussion and negotiation between the parties concerned.
A report on PNG Sustainable Development Program Ltd’s 2012 activities by Chief Executive David Sode, and details of the programs and projects delivered since the company began operations in 2002.
Monday October 7 2013 The chairman of PNGSDP Ltd, Sir Mekere Morauta, said today that the Prime Minister should tell the nation, especially the people of Western Province, what has happened to national government funds received from the Ok Tedi mine.
From 2002 to the end of 2012, the National Government received a net K11.2 billion from the mine – K6.9 billion in taxes and charges and K4.3 billion in dividends.