PETROMIN NEWS
Petromin Commends Government for Funding the
Tolukuma Gold Mine Access Road
The Chairman of Board of Directors of Petromin PNG Holdings Limited, Mr Brown Bai has commended the Government for honouring its commitment under the MOA between former owner of the Tolukuma Gold Mines Limited, Emperor Mines Limited and the State, in making funds available for the construction of the Tolukuma Gold Mines Access Road.
Mr Bai said the decision by the Government to fund the road is positive move to open the economic potentials of Goilala district, including providing confidence for developers to look at resource opportunities in the surrounding area. The road will also provide market access to the people of Goilala especially in the remote location of the Tolukuma Gold Mines and Woitape areas.
Mr Bai said that the management of Petromin has been working closely with relevant state agencies, including the Department of Works and Transport to facilitate the construction of the road.
He said as the national oil, gas and minerals company, Petromin has also contributed to the road by conducting a feasibility study as well as completing mandatory landowner and environmental statutory requirements at its own cost. Further, Petromin in consultation with the Department of Works and Transport has completed the tender documentation and will soon commence process to select a contractor.
In the meantime, Mr Bai said Petromin through its wholly owned subsidiary Tolukuma Gold Mines Limited has commenced work o the
Mr Bai said, funds approved by the Government will be committed initially to fund the road from Lamoro junction on the Tapini highway to Popole village, to meet up with the Mine Access Road currently been constructed by Tolukuma Gold Mines Limited.