This is an economic evaluation of the compensation to which Papua New Guinea’s customary landholders -
wrongly dispossessed through Special Agricultural Business Leases (SABL) - might be entitled if they successfully sued the government. The evaluation involves the calculation of commercial loss but also, and probably moreimport antly, economic equivalent value loss. The framework identifies the relevant heads of value (not just priced transactions) and demonstrates appropriate methods for valuation. It does not pretend to be a price calculator but rather a tool for advocacy.
This report stems from a simple observation: that since Independence in 1975, Papua New Guinea’s economic and social development outcomes have not matched people’s aspirations or government promises. Indeed, despite the abundance of its riches, PNG lags behind its Pacific neighbours on many important development indicators.
This report presents a world-wide inventory of operating mines that dispose of mine tailings to marine and riverine waters and a review of what is known about the environmental impacts of those discharges. The report was commissioned by the International Maritime Organization, specifically the IMO Secretariat for the London Convention 1972 and the 1996 London Protocol, in collaboration with the United Nations Environment Programme (UNEP)-Global Programme of Action.
Link to the PNG Mineral Resources Authority portal.
* 30 Day Reserved Areas
* Mining Lease
* Special Mining Lease
* Alluvial Mining Lease
* Lease for Mining Purpose
* Mining Easement
* Exploration License
The New Guinea region evolved within the obliquely and rapidly converging Australian and Pacific plate boundary zone. It is arguably one of the most tectonically complex regions of the world, and its geodynamic evolution involved microplate formation and rotation, lithospheric rupture to form ocean basins, arc-continent collision, subduction polarity reversal, collisional orogenesis, ophiolite obduction, and exhumation of (ultra)high-pressure metamorphic rocks.