Representatives of copper-gold miner PanAust have met with the PNG Government to discuss the highly anticipated Frieda River project in the nation’s Sepik region.
PanAust took the opportunity to elaborate on key aspects of the project including its economic impact and job creation potential.
Delegates also spoke to the need to minimise environmental risks, and how Frieda River could have a catalytic impact on PNG’s regional and national growth.
PNG Prime Minister James Marape expressed his support for the project, acknowledging its potential to stimulate development of remote rural communities, especially in the two Sepik provinces.
“The project represents a significant opportunity to harness our natural resources responsibly and create lasting benefits for the people of Papua New Guinea,” Marape said.
“The broader Sepik development project has the potential to become a cornerstone of Papua New Guinea’s economic development strategy, attracting further investment in our northern region and bolstering our position in the global economy.”
PanAust managing director and chief executive officer Daling Zheng took the opportunity to emphasise the company’s pledge to prioritise local hiring and procurement.
Zheng said it was of the upmost importance to PanAust to ensure the benefits of the project would be felt across the entire supply chain and within project impact areas and nearby communities.
“On behalf of our shareholder Guangdong Rising Holding Group, I would like to say how grateful we are for being given the opportunity to engage in constructive dialogue with the Prime Minister and the Government of Papua New Guinea,” Zheng said.
“The Sepik development project represents not only a significant investment in Papua New Guinea’s natural resource development history for us, but also a commitment to helping foster long-term growth and prosperity in the country.”
Zheng also emphasised Frieda River and PanAust’s dedication to environmental stewardship and ongoing community engagement, highlighting the company’s intention to operate in accordance with the highest environmental standards.
“As discussions progress, I want to restate that we remain steadfast in our commitment to fulfilling regulatory requirements and engaging in meaningful discussions with government stakeholders and local communities.”
“We believe that by working hand in glove with the government and local stakeholders we can unlock the full potential of this project and create lasting positive change for generations to come.”
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