THE Woitape Local Level Government in Goilala district, Central Province, recently received K1.3m in royalty payment from Tolukuma Gold Mines (TGM). The payment was received by LLG president Joe Geru, from the Tolukuma Gold Mine Limited chief executive officer Sam Inguba, witnessed by the Mineral Resource Authority managing director Philip Samar.
The amount is an accumulated figure for the years 2007-2012, which has been held back by TGM because the Woitape LLG does not have a bank account. The LLG requested TGM to have their royalties transferred into the custody of the MRA until such time as they are organized to receive directly their entitlement.
The occasion then was to witness the payment of the royalty to Woitape LLG and then having these funds transferred into the custody of the MRA. The royalty amount is consistent with the revised Tolukuma project Memorandum of Agreement (MoA), which provides for 10% of total royalties to be paid to the LLG. The rest of the royalty go to the Yulai Landowners Association (80%) and Central provincial government (10%).
Mr Geru expressed gratitude towards agencies involved in ensuring that the royalty was paid. It is understood the money has been earmarked for impact projects in the area. Mr Inguba said the project had changed many hands over the life of the mine, with Tolukuma under Petromin taking over in the last five years.
He said it was true that during those years the landowners had not seen much development resulting from the operations of the mine. However, the company has now strategized itself to bring better development to the area.
Mr Samar said the MRA is happy to be the custodian of these funds but has challenged the Woitape LLG to establish their bank account so these funds can be transferred to enable the LLG president to take responsibility over these funds.
Source: Post Courier.