Saturday, July 09, 2011

Bulolo MP welcomes Aitsi as new boss of Newcrest Ltd

Member for Bulolo Hon Sam Basil today welcomed the appointment of former Transparency International (PNG Chapter) chairman Mr Peter John Aitsi as Country Manager of Newcrest Ltd.

“Mr Aitsi, as former chairman of TI-PNG, and as former President of the Media Council of Papua New Guinea, brings a great wealth of experience in corporate governance issues with a good measure of issues that make news from his time as General Manager of NauFM,” said Mr Basil, who is also Deputy Leader of Opposition.

“His appointment signals hope to resolve outstanding issues within the Hidden Valley and emerging Wafi Gold memorandum of association.

“As Member for Bulolo, I want to welcome him into his new post and serve notice that I will be engaging with the Newcrest Management under his leadership to resolve these outstanding matters.

“There is no questions about the common desire between Newcrest Ltd as developer and the Bulolo District especially at customary landowner level to have these projects succeed as they would stimulate economic grown necessary for better living standards.

“But the monetary and economic benefits must be weighed fairly against the disruption of landowners’ traditional way of life, the social, and the usual long-term environmental, impacts of mining.

“These issues need to be incorporated in fairer, sustainable returns to the landowners who will live with these byproducts of mining projects long after mine closures.

“I trust that Mr Aitsi while representing the developer’s interest, and I representing landowners’ and district interest, will find mutual, common and reasonable beneficial grounds for all stakeholders,” said Mr Basil.



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