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Thursday, 28 December 2017

Ramu Nickel Mine Prepares for Royalty Payment

The Ramu Nickel and Cobalt Mine in Kurumbukari, in Madang Province is preparing to pay long waited royalty to the landholders. This was reported in the National News Paper dated 28th December 2017.

Landholder Royalty for Ramu Nickel Project has not been paid since shipment till to date. This delay could be due yo the tax holiday given to the developer by the government or as a condition in the Mining Developments Contract(MDC).

This matter was brought to light but it was further delayed since then to settle administrative processes. It is now looking promising as the developer takes initiative to organize the landholders in preparation for royalty and other benefits that are ongoing.

The Mining Act 1992 is somewhat drafted in way as to cater for landholders grievances and expectations. Like in the case of landowner royalty, it will he paid directly into their accounts rather than landowners front the company's office or government's office to get their rightfully due payments.

Credits to MCC for this step towards royalty payment.



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