After the announcement of the closing of Tolokuma Gold Mine, Petromin Holdings Limited has gone about preparing the paper works to pay out employees.
Last week the HR Manageress went up to Tolokuma Gold Mine to finalize the paper works.
It is confirmed 320 employees will be paid off.
Employee entitlements will be paid out fully. And transport arrangements will be provided for employees flying out into Port Moresby and onward to their destinations.
While anyone that wishes to stay back, which is what most of the local workforce would do, will be paid extra on top of their full entitlements.
15th April 2015 is the deadline for a decision of the care maintainance program which will then run for a while closing the mine down in sections and segments until the eventual close down.