The Bougainville Executive Council has awarded mineral Exploration License number 7 (EL07) to Eivo-Joint Venture Ltd (EJV).
Bougainville President and Minister for Mineral and Energy Hon. Ishmael Toroama presented the exploration license to EJV landowners in Arawa Town today.
The license includes mandatory conditions as stipulated by the 2015 Bougainville Mining Act, along with additional conditions imposed by the Bougainville Executive Council. These conditions encompass:
- Land Access and Compensation Agreement requirements
- Landowner Identification Study requirements
- Social Mapping Study requirements
- Work program performance requirements
- Local expenditure requirements
- Community engagement requirements
- Environmental permitting and management requirements
The Bougainville Executive Council’s decision to grant the exploration license was based on EJV’s compliance with the Bougainville Mining Act and substantial support from landowners and local leaders.
Member for Eivo-Torau Hon. Lawrence Sirapui expressed gratitude to the BEC for the decision and voiced support for EJV and the exploration project.
“This type of project is essential to kickstart Bougainville’s economy, and it is important that all stakeholders support it,” President Toroama said.
“Our collective support for projects of this scale can foster the growth of a sustainable mineral sector in Bougainville,” President Toroama added.
Courtesy : Autonomous Government of Bougainville
