THE PACIFIC GUARDIAN ACKNOWLEDGE NEW POGERA(JERSEY) REBUT ON OUR POST REFERENCE POGERA

The Pacific Guardian Post Rebuttal

The Pacific Guardian

PORT MORESBY

24th March, 2025

The recent statement from Porgera (Jersey) Limited and Barrick (Niugini) Limited fails to adequately address the valid concerns raised by stakeholders, including landowners and Papua New Guinean citizens. While the statement categorically denies ownership changes, it does not alleviate apprehension regarding transparency, due process, and inclusive decision-making.

The assertion that the restructuring is purely internal and does not alter ownership warrants scrutiny. It is essential for all transactions involving national resources to uphold principles of transparency and accountability particularly when you are dealing with Porgera Jersey) Ltd which is registered in a tax haven state.

1). Is Barrick running away from outstanding tax and landowner legacy claims, matters that are still in court?

2). Or is Barrick running away from the implications of the new Mining Act amendments?

3). Is the "restructure" a step closer to a much more bigger legal step towards a "Force Majeure". Will Barrick run away?

4). The last time Barrick went to international Arbitration regarding SML1 Cancellation, Barrick used their Australian Subsidiary Barrick(PD) Australia, now they are transferring those shares to Barrick Jersey - Tax Haven State.

New Porgera Ltd Chairman Mr Sarimu Kanu and Board should clarify to the public and Porgera Landowners what is going on, if they know what is going on.

The absence of consultation with landowners and other stakeholders raises concerns about whether this restructuring aligns with legal obligations and best practices. This lack of inclusivity undermines confidence in the process.

While the statement characterizes concerns as part of a "disinformation campaign," it is important that such claims are not dismissed outright. Stakeholders have legitimate rights to seek clarity and assurances about the management of a resource that significantly impacts their communities. Responses must be measured, respectful, and substantiated to avoid further alienating these critical voices.

Government leaders, including Prime Minister Marape and Governor Ipatas, have a duty to ensure all activities related to the Porgera Mine comply fully with Papua New Guinea's legal framework. Furthermore, the government must prioritize its citizens’ interests and uphold the rights of landowners. Transparent communication, along with adherence to existing laws and judicial processes, is essential to restoring public trust.

It is critical that all parties involved respect the ongoing legal proceedings and arbitration processes. Allegations of impropriety must be addressed through appropriate channels, allowing for resolutions grounded in law and fairness. By prioritizing legal rigor and transparency, stakeholders can work toward a resolution that serves the national interest.