PETROMIN STARTS THE PAY OUT PROCESS – TGM CLOSED.


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.

1 thought on “PETROMIN STARTS THE PAY OUT PROCESS – TGM CLOSED.

  1. Then what happens next?

    I assume that in May 2015, Goilala is highly expecting the PNG MRA representatives to flood the so called Goilala country in search of more precious minerals after covering other parts of the country.

    What has Tolokuma operations left behind for us and what will the next mine leave behind besides the various benefits that were given.

    I guess more helipads and contaminated water ways. What about our transportation system that is dying.

    Do not sell Goilala give away a piece and share the earnings broadly across,

    On Sat, Apr 11, 2015 at 12:41 PM, Goilala’s District Development Forum Blog

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