Porgera CDA Initialed
PORT MORESBY: Four of the six parties to the Porgera Mining Project Community Development Agreement (CDA), yesterday (Oct 9, 2024) initialled the draft of the CDA after 6 months of negotiations.
The four are the Special Mining Lease (SML) landowners (excluding two agents), who initialled the CDA document as representatives of their individual clans, the Porgera Urban Local Level Government, the Porgera Rural Local Level Government and the State. The other two parties New Porgera Limited (NPL) and the Enga Provincial Government (EPG) did not attend the occasion and have given their reasons which cannot be disclosed. The State will continue to have dialogue with these two parties and is confident of reaching a consensus with them soon.
The initialling ceremony took place at the Hilton Hotel in Port Moresby. The draft CDA documents that have been initialled will go through the government vetting process, especially clearance on the fiscal and monetary terms and the legal aspects of the agreement. This will be done by the Department of Treasury and the Office of the State Solicitor respectively. After the legal clearance is given by the Office of the State Solicitor, the document will go the National Executive Council (NEC) for deliberation and endorsement after which, the parties will implement their various undertakings in the agreement.
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