Petromin Holdings Limited and its operations in Tolukuma Gold Mines is more of a ghost operation.
No one knows what is happening and no one is aware of its performances and how it intends to expand its operations into the nearby mining lease license areas.
It would be an understatement to say Tolukuma Gold Mines is operating in secrecy. Tolukuma Gold mines operation is in reality chaotic. There is confusion, uncertainty and disillusion amongst the work force.
According to sources, TGM has embarked on a COST CUTTING exercise due to lack of profit. That is the official statement, whoever in reality they (PETROMIN) have no money to spend and are trying to cut (back on operational costs).
All at a time TGM needs investment the most!
Gold production over the last 12 months under Petromin’s watch is the LOWEST in 15 years of TGM’s life span.
Most workers have now been stood down. Mine is basically on care and maintenance.
Gold is “low” at USD $1240 per Oz and TGM spend much more than this it mines per Oz out (hence they are not a profitable business)
Old broken down machinery is been forced to be refurnished and scraps are been pulled out from other old dead machinery to get the operation going. But sadly these old scrap metals fabricated machines don’t last long. They break down too.
Safety of employees are non-existent which literally means the management does not care about the welfare of its employees anymore.
Employees are been threatened with termination notices and warned not to express their opinions freely without fear or favour.
Social Media and company’s email system is been monitored and employees found breaching this are either terminated or privileges taken away.
Such behaviour shown and implemented by an employer of Petromin’s standing in as far as the nation of Papua New Guinea is concern falls nothing short of dictatorship.
With this been done by Petromin Holdings Limited here at Tolukuma Gold Mines, which is government owned, and never gets no media scrutiny and action by the Government of Papua New Guinea makes one wonder if we have a government that cares for its people’s welfare.
If there is one mere fact that everyone in TGM which includes the employees, mainly the locals and surrounding villages has towards this Petromin Holdings operations, it would be to see Petromin Holdings Limited pack up and leave.