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Moses Liu, Managing Director of PNG’s National Development Bank (NDB), told ‘Business Advantage Boardroom‘, a new business program aired on EMTV earlier this month, that geographical isolation is the main challenge.
‘We find that a common factor is that most of our customers are rural-based and the terrain is difficult to access,’ he says.
‘So, electronic banking has a lot of appeal.’
Liu says if broadband was available cheaper then current uptake trends on phone usage, SMS banking and electronic funds transfer indicate there could be a significant potential upside.
‘Interestingly, that is on the way up: smart phones with the latest apps. We are no different from Kenya, with 50 per cent of GDP transacted through the mobile phone. PNG is no different. We have the same geographic set up.
‘We have seen the new products through the mobile phones.’
‘We need to improve the telecommunications framework and the cost of doing business through that particular mode would be much more affordable.’
Loi Bakani, Governor of the Bank of Papua New Guinea, says improving financial inclusion is a priority. ‘We have seen the new products through the mobile phones. It enables a lot of people to get access; you have seen how more people are on mobile phones.
‘For people in rur...
Peter Wells | Financial Times | 19 September 2016
Harmony Gold will take full control of the Hidden Valley mine in Papua New Guinea after Newcrest Mining, the Australian gold producer, said it was selling its half of the joint venture.
Newcrest said in a statement to the ASX today it was selling its share in the 50/50 Hidden Valley joint venture to its South African partner. Harmony will now assume all liabilities and expenses related to the JV and mine, including rehabilitation costs and remediation obligations with effect from August 31 this year.
As a result of the exit, Newcrest will recognise a loss on the sale of approximately $10m. The miner also said that as part of the transaction and to help cover a one-off contribution towards Hidden Valley’s future closure liability it was funding its subsidiary which held the stake in the JV with $22.5m
Sandeep Biswas, Newcrest’s CEO, said:
Having completed the strategic review of Hidden Valley, Newcrest determined that the best outcome was to exit the operation and focus our attention on safe profitable growth at our other assets.
Located 300km north-west of Papua New Guinea’s capital, Port Moresby, Hidden Valley is an open pit gold and silver mine. Production commenced in September 2010 and in the 12 months to June 30 the mine produced 145,132 ounces of gold (on a 100 per cent basis).
Archaeologists have found the world's oldest fish hooks in a cave on the Japanese island of Okinawa. The pair, dating from about 23,000 years ago, were carved from sea snail shells and found with other ancient relics, according to a newly-published paper. It is thought humans inhabited the island from at least 30,000 years ago, surviving despite scarce resources. The findings suggest a wider use of advanced maritime technology in that era than previously thought. Modern humans first moved to offshore islands some 50,000 years ago. While fishing has been essential for early humans to spread around the planet, it is unclear how the technology evolved, with evidence limited to sites in Indonesia and Papua New Guinea. "The new evidence demonstrates a geographically wider distribution of early maritime technology that extended north to the mid-latitude areas along the western Pacific coast," according to the National Academy of Sciences. The fish hooks predate ones found in Timor, thought to be at least 16,000 years old, and Papua New Guinea, from at least 18,000 years ago. Also found in the cave were two partially carved fish hooks, tools, beads and food debris. The paper's authors even suggest that those who visited the cave did so seasonally, when certain species of crab were at their "most delicious". Source: BBC
Last week, a protestor crashed a stage with Prime Minister Malcolm Turnbull, and dropped the c-bomb. Intrepid New Matilda columnist Dr Liz Conor asks the age old question: Is using a female body part as a term of derision misogynistic? And a language warning… there’s quite a bit of it to follow.
Last month a group of protestors intercepted Prime Minister Malcolm Turnbull as he fronted the Committee for Economic Development (CEDA) in Melbourne. They sought to publically shame him for the abuse of refugees in indefinite detention on Nauru and Manus Island.
Waving a placard, ‘FFS Close the Bloody Camps’, one of the protestors mounted the stage and hurled ‘Cunt’ through her teeth at a dumbfounded Turnbull.
When one of the group was later interviewed on The Project, Waleed Aly pointedly asked whether swearing at the Prime Minister was the most effective way to get their message across.
Samantha Castro, of WACA (Whistleblowers Activists and Citizens Alliance) replied their main message had indeed been communicated and the use of language was proportionate to the substantive issue to hand – the exposure of vulnerable asylum seekers, including children, to sexual and physical abuse in these negligently mismanaged tropical gulags.
Feelings ran high. The Nauru papers, detailing over 2,000 incident reports of abuse, including assaults, sexual assaults and self-harm between 2013 and 2015 (now the subject of a Senate inquiry) had been published by The Guardian. Adrenalin was pumping. Appalled, incensed and no doubt jittery, the intrepid interceptor spoke for many of us when she reached for The Very Worst Word to hand. That is Cunt.
It comes up a lot, Cunt: its appropriate uses, its acceptable invocations. Since half of us are literally hinged by this soft and slippery assemblage of intensely attuned tissue, it’s been a matter of feminist consternation that it’s the best worst descriptor for derision.
Given what a great source of pleasure it is for women (albeit periodically high maintenance) why should Cunt signify tyrant and tormentor, despot and bully, liar and narcissist, namely all the foulest, basest traits to which, I note mostly men, can be ascribed.
For is Cunt not Origin of the World, life-giving, incarnate sensuality, a circlet of steeped, clasping flesh, orgiastic rapture, ardent enclosure, we could go on and on… with so much to recommend it, you do gotta ask, why be so negative?
Because it is at the apex and core of human experience. No other body part brings forth life. Its capacity for pleasure and pleasure-giving has made it a focal site for commodification, medicalization, regulation, warfare, but also for destabilising heteronormativity and radical feminist reclamation.
Because it is ineluctably the custody and experience of the feminine. It is ours, despite the zealous, at times fanatical attempts of patrio-nazis to take possessi...
ACT NOW! | 15 September 2016
As much as half of the whole of Papua New Guinea could be impacted by potentially destructive experimental seabed mining operations.
While a lot of attention has been focused on the small area between East New Britain and New Ireland, known as Solwara 1, where Nautilus Minerals intends to start mining the seafloor in 2018, the Canadian company has far grander plans for experimental seabed mining and has recently been joined by the Chinese government in searching large areas of our sea floor.
Nautilus’ exploration activities include the whole of the Bismarck Sea and parts of the Solomon Sea, as shown in the map above (credit: Nautilus Minerals). Areas indicated in red are where the company already holds exploration licences. Areas in green show exploration licences being transferred to Nautilus and areas in yellow are where Nautilus has applied for an exploration licence.
In addition, the Chinese government is currently surveying the New Britain Trench looking for potential seabed mining sites. The Trench is situated in the Solomon Sea between New Britain and Bougainville as shown in the map below (credit: Geological Society of America).
In combination, experimental seabed mining could potentially directly impact the lives of over 3 million people living in East Sepik. Madang, Manus, East and West New Britain, New Ireland, Morobe, Oro and Milne Bay Provinces and the Autonomous Region of Bougainville.
Nautilus is struggling financially, has been forced to stop machine development, lay off staff and close offices, but the threat of experimental seabed mining, whether by Nautilus, another mining company or the Chinese is still very real.
The potential impacts of seabed mining are still not fully known but they could be devastating for PNG with people’s lives and livelihoods potentially impacted across ten Provinces and untold damage to our economically important tuna stocks and marine ecosystems.
“The ICC announcement in The Hague is critical first step in the crackdown on violence and theft in the global trade in land and natural resources”
Source: Global Witness
A move by the Prosecutor of the International Criminal Court to expand its focus signals a landmark shift in international criminal justice and could reshape how business is done in developing countries, says Global Witness. Company executives, politicians and other individuals could now be held criminally responsible under international law for crimes linked to land grabbing and environmental destruction.
Global Witness has been campaigning for the ICC to investigate crimes committed amid the global rush for land and natural resources, which has seen an area the size of Germany leased to investors in developing countries since 2000. This has led to millions of people being evicted from their land – illegally and often violently – in countries that lack functioning national courts.
At its worst, this violence is fatal. According to Global Witness data, in 2015 more than three people were murdered a week defending their land from theft and destructive industries – the deadliest year on record. Conflicts over mining were the number one cause of killings, followed by agribusiness, hydroelectric dams and logging.
“Chasing communities off their land and trashing the environment has become an accepted way of doing business in many resource-rich yet cash-poor countries,” said Gillian Caldwell, Executive Director at Global Witness.
“The decision by the ICC shows that the age of impunity is coming to an end. Company bosses and politicians complicit in violently seizing land, razing tropical forests or poisoning water sources could soon find themselves standing trial in the Hague alongside war criminals and dictators. The ICC’s interest could help improve the lives of millions of people and protect critical ecosystems.”
In its 14-year history the ICC has focused almost exclusively on crimes committed during armed conflict, whether crimes against humanity or war crimes. This has left a significant blind spot in the Court’s approach – it was not investigating mass atrocities committed in the name of profit that occur during peacetime.
The Court’s Prosecutor, Fatou B. Bensouda, has acknowledged this hole in its focus, adding to its priority list the investigation of crimes that result in the illegal dispossession of land, the illegal exploitation of natural resources and the destruction of the environment. The move comes ahead of a decision by the Prosecutor whether to investigate a case filed in 2014 that catalogues mass human rights abuses linked to systematic land seizures in Cambodia, where business leaders h...
Mining Weekly | 16 September 2016
Cash-strapped marine mining pioneer Nautilus Minerals has pushed out the start of production from the offshore Papua New Guinea (PNG) Solwara 1 project by about 12 months from the original schedule, citing a cash crunch.
In providing an update on company activities Friday, CEO Mike Johnston outlined the company’s revised plans, pending the company successfully raising the required capital by June 2017.
The revised work programme entails a more staged approach, moving the Nautilus equipment integration phase of vessel construction out until after the vessel has been delivered by Marine Assets Corporation and Fujian Mawei shipyard, in the fourth quarter of 2018. This will result in a 12-month delay to the original schedule, pushing first production out to the first quarter of 2019.
Johnston advised that the vessel, which keel-laying ceremony was held on June 10, continues under a revised schedule that splits funding requirement into three or four “more manageable” chunks. Current estimates valued the first chunk of the financing required for the dewatering plant and derrick structure at about $50-million.
Meanwhile, all ‘below-waterline’ production equipment has been completed in January and shipped to Oman, where it remains in storage. The company has received additional opportunities for the equipment’s wet testing phase, that management is looking at.
The subsea slurry and lift pump has recently completed factory acceptance testing and will be delivered in November by GE Hydril. The riser system is now complete and in storage, also located in the US.
Johnston said key minor contracts are continuing and all major outstanding contracts will probably be awarded to Chinese companies, including the derrick structure, the dewatering and flotation plants, as well as flexible hoses.
Work is also progressing on the production simulator and control systems, while the environmental monitoring and management plan and associated baseline data collection activities are ongoing, to provide a detailed base data set to compare the impact of marine mining with.
Johnston advised that Nautilus has about $51.4-million in cash at the moment. It has recently signed a subscripti...
Isaac Davison | NZ Herald | September 18, 2016
Iwi members will arrive in their busloads on Parliament’s front steps tomorrow to protest a mining company’s latest bid to scour the seabed off the coast of the North Island for iron ore.
A hikoi led by Taranaki iwi Ngati Ruanui and environmental advocates will deliver a 6000-signature petition to MPs, calling for a moratorium on all seabed mining in New Zealand.
The petition comes as mining company Trans Tasman Resources makes its second attempt to get approval to mine ironsands on the South Taranaki Bight, around 30km off the west coast of the North Island.
The company’s application was notified by the Environmental Protection Agency (EPA) on Friday, meaning the public has 20 days to make submissions.
No application to mine on New Zealand’s seabed has succeeded. Trans Tasman’s first bid failed in 2014 after the EPA raised concerns about the impact on the environment, iwi and fishing interests, and its economic benefits.
The EPA also said the company’s proposal was “premature” and that it should have done further work on understanding the environment and engaging with local residents.
Trans Tasman now believes it has addressed those gaps.
Executive chairman Alan Eggers said the company had carried out additional research to refine the environmental aspects of its application, and had met with “a wide range of stakeholders”.
The group travelling to Parliament tomorrow believes little has changed.
Kiwis Against Seabed Mining spokesman Phil McCabe said the method of mining was still experimental and damaging.
“It’s inherently a destructive activity. If you’re looking at deep-sea oil, you’re poking a needle through the bottom of the ocean.
“But in this one, the moment they start, they’re breaking stuff. There’s sensitive habitats out there.”
It was frustrating and exhausting to have to fight the company a second time, McCabe said.
Hikoi leader Debbie Ngawera-Packer said her iwi and residents of Patea, near the proposed mining site, did did not protest lightly.
“This is a real humble community that doesn’t mobilise like that.
“They live off an average of $17,000 a year. They are used to going without and things not going their way.
“So when they mobilise it’s because they feel there’s a real injustice.”
Trans Tasman is seeking approval to extract 50 million tonnes of seabed material a year, of which 45 tonnes would be returned after the iron ore was extracted.
Samantha Cole | All Africa | 15 September 2016
Today is exactly one year since public reports of the UN 2015 Geneva “criticism” of Canadian Mining Companies.
On September 15, 2015, online media reports exposed the UN Human Rights Committee discussions in Geneva, Switzerland in which there was much focus on the activities of mining companies from Canada.
In the usual non-committal manner in which the UN does everything, the Human Rights Committee “addressed a series of concerns” about the problems caused by Canadian mining companies who operate mines around the world.
Was that was the best they could do?
Only to address concerns?
Women are being raped, men are being killed, village homes are being destroyed, environments are being poisoned, in certain areas in the world, these Canadian mining companies are causing devastation and misery beyond description and the most these UN officials were able to come up with, was that they “addressed a series of concerns”.
An article published by “The Diplomat” on September 15, 2015, reported:
It is undisputed that the Canadian Government has ignored the complaints about mining companies operating overseas. The Government is perfectly aware of the public scandals of mining companies involving illegal activities such as corruption, bribery and fraud, not to mention murder, violence, rape, environmental disasters, etc – but they take no notice.
The Royal Canadian Mounted Police (RCMP) have a special unit to investigate Canadian companies operating overseas who are reported to be involved in corruption or fraud or other illegal activities. The RCMP will bring these Canadian mining giants such as Barrick Gold to account for their corruption and fraud activities overseas.
Similarly, in the UK, the Serious Fraud Unit (SFO) have been very successful in the past year cracking down on British companies who are guilty of corruption, fraud and other such crimes in Africa.
Acacia Mining, Barrick’s daughter company, has had a shocking run over the past 14 months in Tanzania since Bloomberg...
What if our government really wanted to save money?
As well as going after $6.7 billion in its omnibus savings bill, it could go after the billions more it costs to run our immigration detention centres: $9.2 billion in the past three years, $3.9 billion to $5.5 billion in the next four, according to the most complete accounting yet of the costs normally hidden in inaccessible parts of the the budget.
It comes as an Audit Office report identifies the cost per offshore detainee: a gobsmacking $573,100 per year.
For that price – $1570 per day – we could put them up in a Hyatt and pay them the pension 15 times over.
It costs less than half that, $200,000 a year, to house a typical onshore prisoner; a mere fraction of that, $72,000 including super, to pay a typical full-time worker, and just $20,700 a year to pay a full pensioner.
Ninety-nine per cent of the population don't come anywhere near $573,100 a year in income or cost. The census stops asking when income sails past $156,000.
But the comparison with wages isn't strictly valid. It understates the outrageousness of the $573,100 price tag. The $573,100 isn't being paid in return for a detainee's labour, in return for a contribution to society, as are wages. It is being paid to prevent the detainee contributing to society. It is what economists call a deadweight loss. We get nothing in return for it, apart from less of what we could have had.
And perhaps because it is not meant to make economic sense (and perhaps because the Department of Immigration and Border Protection has operated as something of a law unto itself), it hasn't even made financial sense.
The Audit Office says the department breached public service guidelines by not conducting proper tenders for the contracts to provide services to Manus Island and Nauru, at times falsely claiming it faced urgent and unforeseen circumstances.
"The available record does not indicate that urgent or unforeseen circumstances existed," the Audit Office says. "The record suggests that the department first selected the provider and then commenced a process to determine the exact nature, scope and price of the services to be delivered."
The department's approach to selecting one provider to service both centres from 2014 "removed competition from the outset". There is no record of staff completing conflict-of-interest declarations, no record of the checks that would have discovered that a director of one of the subcontractors had faced bribery charges and was later acquitted.
After being selected without a proper tender, the new provider extracted an extra $1.1 billion from Australian taxpayers, which was agreed to without going back to the contractors who had just been sacked. The price per detainee shot up from $201,000 to $573,100.
Astonishingly, the report says the department didn't tell its minister at the time, Scott Morrison, that the deal required the Commonwealth to pay a "significant premium over and above the historical costs". Nor did it tell him the price per head.
The department was not only shielded from public accountability, it also managed to hide things from its minister.
UNICEF and Save the Children get the $9.2 billion figure in their report At What Cost? from the numbers scattered around various parts of the official record. They say there are less specific other costs they haven't included, among them regular independent and senate inquiries, the defence of High Court challenges, and compensation for detention centre employees who have suffered as a result of what they have been expos...
Jadi beban yang dipikul anak mudah Papua tidak hanya soal makan dan minum seperti kebanyakan anak mudah lainya di Indonesia. Poin ini menandakan bahwa anak muda Papua sangat berbedah jauh dengan kebanyakan anak mudah di Indonesia yang berpikirnya hanya, kuliah, diterima di lapangan pekerjaan, sukses, dan menghidupi keluarga.Kedua- Kebanyakan anak mudah Papua sulit bersaing karena negara membunuh mereka secara psikologis. Kata-kata seperti Papua itu tertinggal, terbelakang, bodok, dan manusia setengah binatang (seperti kasus Yogya belum lama ini). Hal-hal ini menandakan, anak mudah Papua tidak hanya di bunuh secara fisik tetapi juga secara psikologis sehingga membunuh jiwa dan mental bersaing mereka.
|IndyWatch New Guinea News Feed Archiver|
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