Tuesday, June 14, 2011

Nautilus shelves plans to sell shares

NAUTILUS Minerals, which plans to mine copper from the ocean floor in its  Solwara-1 project in the Bismarck Sea, said last Friday that it had shelved plans to raise C$150 million in an equity offering due to adverse market conditions, The National reports

Reuters news last Friday said the Toronto-listed company said it made the decision despite a positive response from investors when it

was marketing the proposed offering.

Nautilus announced the offering on May 24.

It said at the time it would use the proceeds to develop its Solwara-1 project, off the coast of Papua New Guinea in the Pacific Ocean.

 The offering was to be conducted by a syndicate of underwriters led by TD Securities and Credit Suisse.

Some of the cash from the offering had also been earmarked to fund the production support vessel required at Solwara-1.

“While it is disappointing to withdraw the capital raising, we did not believe shareholders would be best served by issuing stock in the current market conditions,” chief executive steve Rogers said in a statement.

“We have a strong cash position and a range of alternative options available to access capital in the future,” Rogers said.

“Nautilus continues to advance its first project at Solwara-1.”

Nautilus is expected to release its first-quarter financial results early next week.

 The company said it had a cash balance of about US$140 million as of March 31, and no debt.

Shares of Nautilus jumped 16% to C$2.62 in early trading on the Toronto Stock Exchange last Friday.

 

 

Somare visits barred

New ministers and reshuffle expected today

 

VISITS to Prime Minister Grand Chief Sir Michael Somare in a Singapore hospital is being restricted by the Somare family, The National reports.

That was the stance of the Somare family who said that the prime minister’s health was more important and did not wish for the PM to be placed in any stressful situation, the PM’s protocol sources said last night.

Sir Michael is still in intensive care at the Raffles Hospital where he underwent a valve replacement and two open heart operations.

He was said to have overcome a complication he experienced with his lungs.

“He is stable, but he will not be able to receive visitors,” the source said.

The family had asked that no visits be entertained and Lady Veronica was said to be personally in charge of Sir Michael’s health and issues such as who gets to see the Grand Chief.

The family position came to light following reports that sacked duo, Don Polye and William Duma, might have flown to Singapore to visit the ailing prime minister.

The visit had touched off some raw nerves in government with one ministerial aide describing the visit as “distasteful, inconsiderate and childish”.

“Do they realise that their visit, in light of their decommissioning by the acting prime minister, could be stressful to the prime minister?

“The prime minister is a heart patient. The last thing Sir Michael needs now is stress or high blood pressure.

“Even if their visit is well meaning, their visit will still trigger some stress in the prime minister.

“This is distasteful, inconsiderate and childish and the two men owe Sir Michael and his family an apology.”

The source claimed that before his decommissioning, Duma and Petromin managing director Joshua Kalinoe had tried to visit Sir Michael to discuss some oil and gas tenement issues and were refused.

The news last night was that nobody from government had visited the Grand Chief over the Queen’s birthday weekend and no one was likely.

Lady Veronica had been very concerned about Sir Michael’s health for some time.

In a rare moment, she was said to have told Sir Michael in front of government officers a few weeks before he left for his operation in Singapore to quit the job completely in light of the gravity of his medical condition.

An officer of the PM’s office said Lady Veronica was said to have told Sir Michael words to the effect: “Em inap nau, papa. Larim ol yangpela mekim wok (This is as far as we go. Let the younger politicians carry on the work).”

Meanwhile, acting Prime Minister Sam Abal is expected to announced new ministers for foreign affairs, trade and immigration and petroleum and energy today.

Together, with the new names, a reshuffle would also be announced with at least one more minister to be decommissioned. The minister was said to be facing criminal proceedings in court.

Public Enterprises Minister Arthur Somare left his father in Singapore and was last night in Cairns en route to Port Moresby.

Somare will face a leadership tribunal on July 4.

Whether or not he is stood aside as minister will be decided by the tribunal when it meets, Chief Justice Sir Salamo Injia said last week.

Female body found inside yard of acting prime minister

THE body of a woman was found inside the private premises of acting Prime Minister Sam Abal at Konedobu, NCD, early yesterday morning, The National reports.

While admitting to the discovery, Abal said he had personally called Police Commissioner Tony Wagambie informing him of the incident.

Police have removed the body to the Port Moresby General Hospital morgue and immediate murder investigation into the cause of death and persons involved was underway.

The motive of the killing was not known, but murder had not been ruled out.

Police are also trying to establish the ethnic origin of the deceased.

“The alleged murder took place within the perimeters of my private home,” Abal said in a media statement last night.

“I have directed for normal police process of investigation in establishing the facts surrounding the murder to take place at once.

“I, including my family members, will fully cooperate with police in this investigation. We will not interfere in this case.

“If any of my family members are involved, they will face the full brunt of the law and will not be treated differently as anyone else in similar situations.

“All family members living with me are immediate suspects and are subject to investigation and questioning by police,” the acting prime minister said.

Abal said: “Anyone found to be involved will face the full consequences of the law.

“They will be charged with murder in the same way as another other person in society who has no regard for the value of human life and dignity of a person.

“I will fully cooperate with police during the course of investigations,” Abal said.

 

 

Lutheran laymen cited in bad deal

By PISAI GUMAR

 

DISTRICT bishops of the Evangelical Lutheran church of PNG say that laymen officials have breached the church’s constitution, company laws and, in the process, are in contempt of court in making business decisions, The National reports.

These laymen had also misled the church council for more than six months into believing that certain business-related changes had not been made.

However, the alleged changes had been effected at the Investment Promotion Authority, affidavits filed in the National Court in Lae stated.

The affidavits by the bishops, who are known as presidents, were obtained by The National.

They show that the laymen – church secretary Albert Tokave, finance secretary James Pena, German adviser Lothar Stock and the Jabem church district representatives Titi Solomon and Australian Chinese Ben Woo – were involved in making changes to the IPA records of the church’s trust company ELC-PNG Nominees Ltd last Aug 2 and Aug 13.

These laymen were not a lawful authority to hold a meeting and make changes to ELC-PNG Nominees Ltd or the church’s business arm, Kambang Holdings, the affidavits said.

“This was fraudulently done and backdated to June 17,” the affidavits stated.

The presidents said when the names of the laymen were nominated last June, there was a dispute and the matter was deferred to the November session of the church council.

The presidents explained that all shareholders’ meetings were governed by processes described under section 102 while appointments were under section 134 of the Companies Act 1997 and schedule 1 of the constitutions of both ELC-PNG Nominees Ltd and Kambang Holdings.

The process would entail a minute from the church council to the trust company (Nominees) for it to act.

There was no minute of the shareholders’ meeting of June 17 for Nominees Ltd and for Kambang Holdings on Sept 21 last year – the days when decisions were made to make the changes, the affidavits said.

The presidents said the five laymen were also in breach of schedule 4 section 4 in which they held meetings and made decisions when they did not have the required quorum of six, thereby, also contravening section 108 of the Companies Act.

“Therefore, Nominees Ltd does not have a company board,” the affidavits stated.

The affidavits noted several other discrepancies:

*Pena holding five senior positions as finance secretary, director as well as company secretary of ELC-PNG Nominees Ltd and director and also surrogate secretary of Kambang Holdings;

*Tokave, according to the church constitution, should be the public officer, or the proxy, and could not be a member of ELC-PNG Nominees board;

*Stock, the German, could not be holding any substantive post because he was in an acting capacity as treasurer, and that diplomatic protocol between Lutheran churches overseas (including Germany) do not allow expatriates from taking any roles and responsibilities other than that which they were brought to PNG for;

*Woo, the Australian Chinese Lae-based businessman, not being a council member; and

*Solomon, not being nominated in the council and yet appearing on the IPA registry.

94 bag awards from queen

By JEFFREY ELAPA

 

NINETY-FOUR people have been recognised for distinguished services to the community in this year’s Queen’s birthday honours list.

Governor-General Sir Michael Ogio announced the names of recipients yesterday, The National reports.

Noel Levi was awarded a knight bachelor for service to the public administration in his former roles as a minister of state, senior public servant and diplomat and secretary-general of the Pacific Forum and to John Ralston Wild for service to commerce, particularly in air transport and tourism and for community and humanitarian endeavours.

The order of Saint Michael and Saint George (civil division) was given to Andrew Kumbakor for service to the community as a member of the national parliament and minister of state and Erna Kathleen Pita for service to the community and the advancement of women’s status and welfare.

The order of the British empire (civil division) was awarded to Gari Baki, Peter Humphrey, Charles Lepani, Mathew Tjoeng while Dr Umadevi Ambihaiphar, Ni Cragnolini, Neville Henry Howcroft, Richard Maru, Rev Father Patrick McIndoe, Ricky Moke Mitio, Steven Mokis, Susan Ranjanayagam, Frederick Sheekiot, Dr Robin Sios, Akuila Tubal and John Wauwia were awarded OBEs.

Those who received MBEs were Orly Alvarez, Ian Andrew Chow, Igo Daure, Chief Insp Cathy Dobb, Robert Ian Howden, Guwi Kambi, Alphonse Krau, Anthony Kundila, Kay Wakerley Liddle, Aravapo Lohia, Moses Makis, David Kym Mitchell, Kandaso Napi, Simon Passinggan, Gerald Philip, Graham Pople, Wayne Leslie Satchell, Wan Sete, Lahui Tau, Sebulon Tovaira, Alois Chris Valuka, Russel Waibauru, John Warbat and Rev Dondoli Wawe.

Imperial service order awards were given to Tommy Nahuet and David Naon, while British empire medals were presented to Michael Sigiho Buka, Dominic Bre, Nancy Dabada, Peter Du, John Hinalu, Mavis Holland, Clare Ivia, Juliana Jiki, Alois Rokoa Kanakana, Avosa Kave, Peter Nere Kupo, Timothy Laemeta, Timothy Meria Lapeya, Ding Mathew, Rev Mondopa Mini, Joseph Muna, Giyame Mashleen Nagwi, Yaku Nolepo, Joseph Panu Arimax Magabe Peyape, Bothen Pusembo, Paias Puwa, Michael Sau, Yori Sauna, Araga Dikana Sere, Gitene Somole, Elijah Taksir, Joyce Talibe, Imbi Tanda, Janet Diribu Telabe, Kee Tine, Walter Unam, Richard Waera and Edward Yaliui.

Sir Michael announced that Brig-Gen Francis Agwi was the recipient of the order of the British empire (military) CBE award while Col Joseph Fabila was awarded OBE and a MBE went to Commander Michael David, Lieutenant-Colonel Michael Kumun and Lieutenant-Colonel Michael Augustine Daniels.

Sir Michael announced Chief Warrant Officers Dick Roy, Steven Narimonda Jonah Pomeleu, Francis Tule and Michael Taram Valuka as recipients of the British empire medal (military) medal.

Monday, June 13, 2011

Australia’s first WW1 battle was not in Gallipoli, but Papua New Guinea

By MALUM NALU

Most Australians know about the horrors of Gallipoli in 1915 and commemorate Anzac Day annually on April 25.

Bitapaka War Cemetery where Australians from WW1 and WW11 are buried
However, very few people know and acknowledge the fact that Australia’s first battle against Germany was seven months before Gallipoli, in East New Britain, Papua New Guinea,
Who has heard about the 1914 capture of German New Guinea?
Alternatively, the battle between the German Pacific fleet raider, SMS Emden, shelled by HMAS Sydney on September 11, 1914 and beached as a total loss?
Few people also know that Australia’s first submarine AE 1, on patrol near the Duke of York Islands, some 20 miles from Herbertshohe (Kokopo), was lost with its crew of 35 on November 14, 1914, and has never been since then.
Various theories exist but it seems likely that the navigator, who was using captured German charts, may have misunderstood them and hit a reef.
Now, former Rabaul-based policeman, Maxwell Russell Hayes, is pushing for this battle to be given the full recognition it deserves before its 100th anniversary of Gallipoli in 2014.

Maxwell Hayes...fighting for recognition of this fogotten battle
Hayes joined the Royal Australian Air Force in 1950 for six years, including service in Korea.
He was appointed as a direct entry to commissioned rank to the Royal PNG Constabulary in 1959, and his first posting was to the New Britain island town of Rabaul in the volcanic Gazelle Peninsula.
Hayes became interested in the rich history of that area as it concerns Australia.
After 15 years in the constabulary, he was retrenched at the rank of chief inspector at the time of PNG independence in 1975.
As PNG was then not covered by the Australian section of International Police Association, Hayes joined the British section on July 6, 1964, transferring to the Australian section on February 23, 1976.
In researching the history of RPNGC, he made three return trips to PNG.
“Despite this being Australia’s first battle in WW1, Australian government commemoration is non-existent and there are surprisingly few memorials,” Hayes says.
“At the Royal Australian Navy base, HMAS Cerberus, there is a memorial in tiles naming those who perished in this battle.
“In Sydney, high on the sandstone wall near the Opera House at Circular Quay is a small plaque erected in 1964 denoting the sailing of the fleet on August 19, 1914.
“For many years, Northcote RSLClub (Victoria) has recognised that one of the first two killed was a Northcote citizen.
“On December 16, 2001, it commissioned a large mounted bronze plaque commemorating this battle with images of William Williams and Brian Pockley.
“Each year, on September 11, a small group meets to commemorate Australia’s first six killed in battle with the loss of submarine AE 1 and its crew in WW1.
“At Melbourne’s Shrine of Remembrance, wreaths are laid by two grand nephews of Pockley and Williams within the shrine and at the ‘Rabaul’ tree.
“The 100th anniversary of this small but important battle will be in three years.
“It is hopes that the Australian government might see fit to recognise Australia’s first battle as a sovereign nation.
“Locating, and hopefully recovering our lost and forgotten coral-encrusted steel coffin, AE 1, with its 35 crew still entombed would be a significant gesture.
“The post-humous award, in what should have been Australia’s first WW1 Victoria Cross to Captain Pockley for the meritorious deed, which cost him his life, would be more appropriate.
“With the exception of Moffat, those Australians killed in the battle were buried in various locations before being interred at Rabaul in 1919.
“There, those graves suffered considerable damage during the bombardment of Rabaul during the Japanese occupation.
“Finally, the graves were returned to the Bitapaka War Cemetery in 1950, very close to where they fell in 1950.”
With the outbreak of WW1, Britain declared war on Germany on August 4, 1914, and knew that a large and hostile German naval fleet was active in the Pacific Ocean.
Britain feared that a newly-constructed wireless station at Bitapaka near Rabaul in German New Guinea would be of immense assistance to that fleet.
By cable on August 5, 1914, Britain requested Australia to capture and destroy that wireless station.
In the early nationalistic fervour of doing battle with Germany, a force of 1, 116 New South Wales army volunteers with 451 naval reservists was quickly enlisted and uniformed.
This force embarked on the HMAT Berrima from Man O’ War steps at Circular Quay, Sydney, on August 19, 1914.
“The force became known as the Australian Naval and Military Expeditionary Force,” Hayes says.
“The accompanying flotilla of almost the entire Royal Australian Navy, including our first submarines AE 1 and AE 2 (sunk in the Darndanelles and recently discovered in situ in 1998), steamed north.
“It stayed a few days at Palm Island and two weeks at Port Moresby for further training.
“This was the first-ever Australian force as such to leave our shores, and the first commanded by Australian officers.
“Earlier foreign wars such as the Maori Wars, the Boxer Rebellion and the Boer War were comprised of colonial (state) forces before the Federation in 1901.
“Early on the morning of September 11, 1914, our fleet entered Rabaul’s magnificent deep volcanic Simpsonhafen (Simpson) Harbour.
“Earlier troops and naval reservists landed some 20 miles away at Herbertshohe (late Kokopo) and the stone Kabakaul jetty.
“This was thought to be the nearest access to where the wireless station was probably located.
“In fact, it was located some five miles inland and directions to the inland track were obtained from a Chinese trader.
“Shortly after dawn, the attacking force (comprising mainly of naval reservists, with some army medical personnel) started to make it way along a narrow track through the thick jungle.
“The track was mainly impenetrable on both sides.
“The force came under the first volley of fire from a numerically-superior German force of reservists, backed by native troops, firing from positions in high trees.”
To cut a long story short, killed were Australian Army Medical Corps Captain Brian Golden Antil Pockley, 24, of Sydney; Able Seaman William George Vincent Williams, RANR number 294, 28, of Northcote, Victoria; Able Seaman John E Walker, RANR number 121; Lieutenant Commander Charles B Elwell of Wentworthville, New South Wales; and Able Seaman Henry W Street, RANR number 419.
The party continued to advance along the track to capture the wireless station.
German deaths were estimated to be one reservist and about 30 native troops.
On the same day, having received information the seat of government had been moved inland to Toma, HMAS Encounter shelled the position.
German acting Governor, Dr E Haber, then sought a truce, until officially surrendering three days later.
Lest we forget!

Saturday, June 11, 2011

Nautilus granted mining lease for Solwara-1

FOR the first time, a major step forward in the development of seabed mining is now in place with the granting of the mining lease to Nautilus Minerals for the development of the Solwara-1 project in the Bismarck Sea between New Ireland and New Britain, The National reports.

The mine operation, located 30km from the coast of New Ireland and at a depth of 1,600m, is expected to begin by the end of 2013 with the mining of “high grade” seafloor massive sulphide deposits that contain copper, gold, silver, zinc and lead.

While the project is unique as the world’s first seabed mine, the lease arrangements themselves are a reflection of the evolving legislative and regulatory process in PNG since the 1970s.

“This will enable us to avoid past experiences from the Ok Tedi and Bougainville mines,” senior technical assessment engineer with the Mineral Resources Authority Lyndah Brown-Kola said.

Brown-Kola was part of a team of government officials from PNG at­tending the deep sea mineral project workshop organised in Fiji by SOPAC, a division of the South Pacific Secretariat of the Pacific Community. 

The team presented to the delegates the legislative and regulatory pro­cess in PNG that led to the granting of the seabed mineral mining lease.

Brown-Kola said the current legislative and regulatory review process was adequate to ensure that environmental, operational and financial concerns are addressed.

“We operate in conjunction with the Department of Mineral Policy and Geo-Hazards Management, which has responsibility of setting all mining policies. It is part of the mining ministerial portfolio.”

She said the government had been looking at the Solwara-1 project since 1997 and granted Nautilus the first offshore mineral exploration licence in 2008.

“We have been working with Nautilus for 14 years. It was only in this year we granted the company a mining licence.”

This followed two years of deliberations over their application.