State Team Distributes Draft CDA Document to Parties To Review
The State Team involved in the Porgera Mining Project Community Development Agreement (CDA) negotiations, has given an indefinite time off to the parties to the CDA, to review and comment on the draft CDA document, before negotiations resume.
The draft CDA document contains the various landowner and stakeholder benefits that are expected out of the new Porgera Mine. The expected benefits from the State and New Porgera Limited (NPL) include royalties, equity, Infrastructure Development Grants (IDG), Special Support Grants (SSG) and business spin-off opportunities among others.
The parties to the CDA are the Special Mining Lease (SML) landowners, New Porgera Limited (NPL), Enga Provincial Government, the State and the Porgera Rural Local Level Government. The parties agreed to allow, non-SML landowners who are the Lease for Mining Purposes (LMP), Mining Easements (ME), Hides-Porgera Power Line landowners and the Riverine impact communities, to be given copies of the draft to review. Although non-SML landowners are not parties to the CDA, they will still receive benefits derived from the mine.
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