LIVE MINING DATA EXCELLENT TOOL FOR TRANSPARENCY

LIVE MINING DATA EXCELLENT TOOL FOR TRANSPARENCY

 

The PNG Extractive Industries Transparency Initiative (PNGEITI) has applauded a collaboration between state’s mine regulator, Mineral Resources Authority (MRA) and mine  operators to create a digital platform to provide real time mineral data from all major mines in the country.

Live data  will  include numbers showing production value, export value, and related information basically livestreamed from a data source of respective mine operators.

Ok Tedi Mine will be fist to streamline live data to the MRA website for public access after engineers have finalized  work. Other will follow soon after.

“The cooperation between the mine regulator and the extractive companies to make live data available for public viewing is an excellent undertaking to garner  investor-public trust and confidence in the way the mining industry is regulated and progressing. PNGEITI highly commends these efforts,” PNGEITI Head of National Secretariat Mr. Lucas Alkan commended.

“We commend the MRA leadership under managing director Jerry Garry as this undertaking will complement and enhance EITI reporting in the country. This is boost for transparency, boost for investor and public confidence,” he said.

 

“We look forward to this important work being undertaken on this space and wish MRA and the companies every success” Mr. Alkan said.

 

ENDS..