PNG to legislate for landowners to own mineral resources

Source: http://www.radioaustralia.net.au/pacbeat/stories/201108/s3295904.htm Papua New Guinea’s mining industry has expressed grave concerns over plans by the PNG government to revert ownership of minerals and resources to traditional landowners. The mining industry warns that such a move will scare off investors and will be disastrous for the country’s economy. PNG’s Mining Minister Byron Chan, says the government is [...]

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How the media attacks PNG

Download the full pdf of this email here

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Funds to benefit PNG

Tumu Timbers Limited, the project proponent of PNG’s first voluntary carbon trade project in Kaluma Doso, Western Province announced yesterday that it was expected to employ between 3000 to 4000 people as soon as the verifiers had completed their work in the project area. Download the full news article PC (PC) Thu-14-10-2010 1 (01) 017

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Letter from the Office of the Deputy Prime Minister

full pdf of the letter

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Letter of Support from the Office of The Prime Ministers of PNG

We have received a letter of support from the Prime Ministers office providing certainty and confidence in carbon trading projects.

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Landowner denies

A LEADING figure in the Kamulo Doso carbon trade project in Western Province yesterday denied that he was “taken at gun point” to support the backers of the carbon trade project last year. Abilie Wape, a director of Tumu Timbers Limited, the land owner company involved in the project,, instead alleged that he was bribed [...]

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NUPAN AND M2M RELATIONSHIP FINALIZED

Nupan announced today that the partial funding facility provided by m2m corporation limited had been finalized, with Nupan left ready to complete the first two Projects. From 5 PM today, m2m will only have a passive, non- commercial relationship. Mr. Kirk Roberts announced that due to the tremendous interest shown by overseas companies in saving [...]

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Top 10 Questions about PNG Carbon Credits

WE asked 50 Brokers and End Users around the world what their questions and issues were with respect to considering PNG Forestry based duel verified Carbon Credits (VER’s / VCU’s) as their offset-of-choice. Here’s what they asked …… and what we answered. Download the pdf to read all: top 10 questions about png credits

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Logging approval totally irresponsible

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PNG ‘leads’ in carbon credits

leading in carbon credits PNG is leading the world in the development of forest based carbon credits. The exacting process, project managed by Nupan Trading Corporation Limited, has involved scientists from all over the world in the last three months.

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