Dept. of Commerce Finalises NEC Policy Submission on National Gold Bullion

The Department of Commerce & Industry has finalized the National Executive Council (NEC) Policy Submission on the Gold Bullion Policy and has submitted it to the Cabinet for endorsement.

The Gold Bullion Policy is an initiative of the Marape-Rosso Government to ensure the country’s non-renewable and renewable resources are properly harnessed to increase revenue streams to support the national budget, grow the rural economy and improve the quality of life for the people.

The Government requires a vibrant and competitive national gold bullion program to support its macroeconomic and fiscal policy functions, which will grow and sustain the economy and create wealth for the nation.

The submission in essence brings to reality the Government’s commitment to industrialize and downstream process of natural resources to add value to PNG’s primary commodities, including gold and precious minerals, oil and gas, agriculture, forestry and fisheries products, which is an integral part of the policy directive deemed as “Take Back PNG,” said Prime Minister James Marape. range of steps that would be taken to improve their respective systems. Ministers agreed to aim to process at least 75 per cent of completed visitor vias applications within 14 days.

“I am therefore greatly honored to announce this milestone National Gold Bullion Policy developed by my government to charter a new direction for the gold bullion industry particularly to add value through downstream processing and manufacturing,” Mr Marape said.

“In view of the above, I call upon all relevant stakeholders to support the Department of Commerce and Industry, Department of Treasury, Department of Mining, Bank of PNG and Mineral Resources Authority to mention a few, to take full ownership of this policy and support its implementation,” the Prime Minister said.

Ministers agreed to open in-country visa processing in PNG. They agreed to establish a joint ministerial working group to oversee this work, including Deputy Prime Minister Marles, Foreign Minister Wong, Minister for International Development and the Pacific Conroy, with Immigration Minister Giles, and on the PNG side, Deputy Prime Minister Rosso and Foreign Minister Tkatchenko; Reflecting the significant role of business and industry in the relationship, and the importance of Australia’s AUD24.8 billion (K58.8 billion) in investment in PNG, Min isters encouraged the two business commu nities to consider how to invest in the many

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Since 1973, Atlas Steel PNG has delivered steel to major projects across the country and proudly continue to remain the country’s most preferred supplier for top-quality steel products and buildings.

Since 1973, Atlas Steel PNG has delivered steel to major projects across the country and proudly continue to remain the country’s most preferred supplier for top-quality steel products and buildings.

We specialize in Transportable Accommodation & Offices for MINING | PETROLEUM | ENERGY | CONSTRUCTION

Since 1973, Atlas Steel PNG has delivered steel to major projects across the country and proudly continue to remain the country’s most preferred supplier for top-quality steel products and buildings.

We specialize in Transportable Accommodation & Offices for MINING | PETROLEUM | ENERGY | CONSTRUCTION

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We specialize in Transportable Accommodation & Offices for MINING | PETROLEUM | ENERGY | CONSTRUCTION

Your Preferred Supplier, No Matter How Challenging or Remote!

Your Preferred Supplier, No Matter How Challenging or Remote! Steel Fabrication