Mining law changes to give landowners better share of the benefits: O’Neill
PRIME Minister Peter O’Neill says the people and landowners will get a better share of the benefits of resources developments with the review of the Mining Act currently underway.
“There has been gross abuse in the management of some of those trust funds of which we are all well aware of. We are trying to correct that as we move forward. I can assure you that the people and the landowners in particular will get a better share of the benefits of resources developments in this country,” O’Neill said.
“That is the priority of this Government and we will continue to pursue that through the mining review.
“The priority of the Government is to correct that as we move forward.
“The Mining Act is under review and I will not pre-empt the discussions and the outcomes of the review.
“The Mining Minister and his team are pretty well advanced in those discussions. And there will be an opportunity for this parliament to look through its review and the new Mining Act which will address all these including royalty and the powers of provinces in respect of the mining activities and the management of those trust funds.”
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