The Asia Miner

OCT-DEC 2018

The ASIA Miner - Reporting Important Issues to Mining Companies in the Asia Pacific Region

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Page 36 of 51

the asia miner • volume 15 • issue 4 35 AROUND THE REGION RTG Mining has announced that following its nominaঞon as the preferred development partner of the Panguna Landowners Associaঞon – the Special Mining Lease Osikaiyang Landowners Associaঞon (SMLOLA) and the establishment of the joint venture between RTG and its subsidiaries and Landowners through Panguna Minerals Limited (formerly CMEL), the consorঞum was invited to present their redevelopment proposal for Panguna to the House of Representaঞves in September 2018. The Panguna Mine, located in Central Bougainville, was reported as the largest open pit copper mine in the world in its day, contribuঞng approximately 40 per cent of the total economy of Papua New Guinea. The mine was closed down in 1988 due to widespread community concerns over the previous operator's treatment of the environment and inequitable benefit sharing amongst the Landowners. The SMLOLA are working with the Autonomous Bougainville Government (ABG) and the members of the House of Representaঞves to win support for this important Panguna Landowner led iniঞaঞve. The RTG-led consorঞum presented its proposal to a number of members of the Autonomous Region of Bougainville House of Representaঞves. This led to the SMLOLA announcing they Panguna Mine was the world's largest open pit copper mine in its day RTG-led consortium wins support of Central Bougainville's Parliamentary Committee had won the support of the House of Representaঞves Commiee from Central Bougainville for its proposal on Panguna, together with support from members throughout Bougainville. The SMLOLA conঞnue to be sensiঞve to the wishes of the ABG and have refined and amended their proposal as requested by the ABG. The Landowners are working hard to win the support of the ABG, which is an ongoing process. A number of Ministers in the ABG have recently indicated that they have a number of concerns which were based on incorrect informaঞon, which is being corrected for the benefit of the ABG and all members of Parliament. RTG is also pleased to provide a further important update on its community engagement program on Bougainville which is criঞcal to the success in building and conঞnuing to strengthen the Social Licence in Bougainville. The Panguna Landowners and RTG believe a Social License is the most criঞcal issue to ulঞmately winning the support of the ABG and the wider community. The Joint Venture is commied to working diligently to conঞnue to construcঞvely engage fully with the Panguna community. This has included an extensive community awareness program in all the key villages which has resulted not only in a successful reconciliaঞon of the leadership, but also a high degree of unity and the support of around 90 per cent of available Blockholders across the broader membership base of the SMLOLA. This program of community engagement is ongoing and has been very well received, with support conঞnuing to grow. RTG Mining is a mining and exploraঞon company listed on the main board of the Toronto Stock Exchange and Australian Securiঞes Exchange. RTG is focused on developing the high-grade copper/gold/magneঞte Mabilo Project and advancing exploraঞon on the highly prospecঞve Bunawan Project, both in the Philippines.

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