In the early 1960s, albeit with hardly any natural resources, Taiwan entered a period of rapid economic growth and industrialisation. The quick industrialization and rapid growth of Taiwan during the latter half of the 20th century has been called the ‘Taiwan Miracle’ and made Taiwan one of the ‘Four Asian Tigers’, alongside Hong Kong, South Korea and Singapore.
The NEC has now instructed both the Ministers for Mining and Petroleum to re-write the laws forthwith to move into a system based on contracts. It is envisaged that a Production Sharing Contracts (PSC) will relieve the State of expensive loans and create early free cash flows in all future mining and petroleum projects.
Development organisations have a big role to play. Together with our partners in the community and the private sector, we can help the government implement better regulations, develop ecotourism and advise on resource planning. We can also take more responsibility for the environmental friendliness of our own operations, and make sure that any supply chains we draw on are not part of the problem.
We must remember that life is not meant to be easy.
Sugarcane at the valley between Bewani mountains and Amanab can grow as high as three metres
We must find an amicable solution to their half a century political plight sooner than later
Despite all the rhetoric about taking PNG back, we see no evidence of this happening beyond the words. With each action we seem to be taking PNG backwards