$39 MILLION RECYCLING BUSINESS PLANNED IN PNG

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PORT MORESBY, Papua New Guinea (PNG Post-Courier, April 26) – The Papua New Guinea Government has signed an agreement to pave the way for a K100 million (US$30.9 million) waste metal recycling plant in Lae, Morobe province.

The project, signed with developer Ensford (PNG) Company, is expected to kick off in the next six months.

Trade and Industry Minister Paul Tiensten, who witnessed the signing ceremony, said the project would involve cleaning up the environment through the recycling of metal scrap materials, including vehicles and ships — both on the landscape and on the seabed throughout PNG.

Ensford Company chairman Herbert Berghauser said the recycling plant is the first project of its kind ever to be set up in the country and it could not have been introduced at a better time than now when the public outcry over serious concerns for the adverse impact of the metallic waste on the landscape and under the marine environments.

He said the major priority clean-up process must begin with the metal waste left behind by the Bougainville Copper Mine, BHP, Misima Mines and all others.

"The industry will generate a massive wealth for the ordinary Papua New Guineans in terms of retrieving and salvaging metal wreckages ranging from domestic light wares including old refrigerators to heavy equipment such as abandoned bulldozers, trucks and shipwrecks," Mr Berghauser said.

"This discarded metal waste will be processed by the sophisticated high-tech state-of-the-art technology capable of processing the metal scraps to a quality grade finished product which meets the highest standards for sale in the world markets.

"The metal industry will bring in massive export earnings for the Government and it will create employment opportunities around the country.

"The company will employ more than 2,000 people throughout PNG in the long run but the nature of the project includes small to medium-size business development in the areas of stevedoring, trucking, hauling of barges and other entrepreneurial activities will generate self-employment opportunities for the local people throughout PNG.

"The industry will bring a massive investment that fosters a climate conducive for building up confidence for the international investors."

April 27, 2004

Papua New Guinea Post-Courier: www.postcourier.com.pg/

 

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