GUSI REACTS TO SAMB’S STAND ON ASIDOKONA-TGM SAGA.

Good morning PNG!

Samb Clears Air on TGM Affair - Asidokona
Refer to another post which will have the full news article.

Its awkward to see that the honorable MP for Goilala is losing track towards representing the interest of his own people rather than protecting the interest of the foreigner business firm.

As the chairman, l am still waiting in anticipation for clear explanation from relevant authorities to explain the causes of delaying commercial production at Tolukuma Gold Mines.

I have formally tasked MRA to explain to my people whether Asidokonas is conducting businesses within the jurisdictions of the mining regulations in light of the current pace at which Tolukuma gold mine is operating.

Asidokonas business deals are not my peoples issues or problems which we have no right to know. Our problem is for the mine to restore back to normal operations as soon as possible conforming to the statutory requirements. If the business partners are withdrawing then that means they don’t have confidence in Asidokona. This message also signals us the resource owners that they are incapable to operate Tolukuma gold mines

Tolukuma gold mine is the only lifeline for my people of Goilala and such delay is costing the lives of people.

Let me clarify that care and maintenance period has lapsed two years ago. Commercial operations should have resumed then.

Asidokona is just waisting my people and the governments time to benefit out of gold production. Let no individual protect or harbour the interest of an incapable investor who lacks the capacity to get the mine up and running.
Finally, let me admit that I was knowingly left out during the negotiations to bring in Asidokona by so called Politicians and beuracracts of central province.

I will not pay heed to any elements this time. I will always pursue my peoples interest without fear or favour unless satisfied. If opportunity arises this time I will exercise my landowner power if allowed in the Mining act to seek for a potential investor myself.

Source: George Gusi Facebook Wall

TOLOKUMA GOLD MINE LAND WNER ASSOCIATION CHAIRMAN GIVES ASIDOKONA 7 DAYS – GUSI

TOLUKUMA GOLD MINES
Tolukuma Gold Mines is widely regarded as a small scale mine. But the potential is has is huge.

Hi all
I have given 7 days ultimatum for the government to withdraw mining license from Asidokona Mining Resources Ltd.
The notice is effective yesterday and will lapse on next Monday, 20th of November.
The rationale behind this? Asidokona has no capacity to operate a mine. It lacks both financially and expertise.

I am taking this bold action to rescue my suffering landowners to make way for a potential investor to come in and invest on our land.

MRA and other concerned authorities must come out clear and provide clear explanation on this issue.

I have already waken up from my long sleep now so I will continue to pursue until I achieve what I want.
My appeal to all those revelant authorities to be patriotic to our country, our people and take our peoples issues/ concerns at heart in ensuring that any decisions made are there to serve the best interest of our people.

God bless you all!

George Gusi - Asidokona

Source: George Gusi

YLA CHAIRMAN George Gusi REFUSES TO SIGN MOA – TGM.

The Tolukuma (Yulai) Landowner Group representing landowners of the Tolukuma Gold Mine refused to sign the revised Memorandum of Agreement (MOA) in Port Moresby today.

Chairman George Gusi snubbed the long overdue revised MOA, claiming there are still outstanding issues to be settled.
08cptolukumalo

Facilitated by the Mineral Resources Authority (MRA), the signing ceremony was attended by Mining Minister Byron Chan, Central Province Governor, Kila Haoda, Executive Director of Asidokona, Vincent Siou, Woitape LLG President Joe Geru, and MRA Managing Director, Phillip Samar.

Speaking at the ceremony, Gusi asked for an extension to iron out outstanding issues which they want to see contained in the current MOA as he claims there was a lack of consultation by the MRA.

He said some of the outstanding issues include:

Establishment of the Infrastructure Development Committee;
Environmental damage report on the waterway and tailings dam, which is a national issue on the reputation of the mine;
No proper mine development plan showing the lifespan and economic value of the mine; and
No proper landowner business plan under the spin off benefits and life after mine programs.

Gusi also asked why there was a rush to sign the MOA on the eve of the elections, questioning the legal basis justifying Minister Chan and Governor Haoda to proceed as signatories.

“We are confused as to why we are rushing to sign. I strongly recommend that we defer the MOA signing till after the return of writs. It’s only five weeks away,” he said.

“So after the elections, we have a legitimate Government and authority to execute our MOA.

“Ladies and gentlemen, both national and provincial governments have totally failed to implement many undertakings in the previous MOA.”

Despite his refusal, the signing ceremony went ahead with all parties content with the MOA. Gusi maintained his stance and did not sign.

Following the singing, Minister Chan said the previous MOA did not contain any Government commitment, however, the revised agreement contained guarantees which the government was willing to deliver.

They include, among others, the Tolukuma Highway upgrade project.

Chan said he would not have proceeded with any signing if he knew there were still outstanding issues.

However, he said the revision of the MOA was an ongoing thing and any outstanding issue would be catered for down the track.

“Whatever we sign today, it’s continuous, it’s a Government commitment to the people of Central Province, Goilala District and to your people. It is our commitment,” he said.

“This Government has committed all of these projects to you as of today.”

Meanwhile, Bonnie Gelu, from the State Solicitors office, who was present informed landowners and guests that Minister Chan and Governor Haoda, as signatories to the MOA, are acting within the legal parameters as they are still recognized as elected leaders until the return of writs.

Picture: Signatories to the revised Tolukuma MOA having a toast while Yulai Landowner Association Chairman, George Gusi, shows disinterest.

Author: Cedric Patjole, LOOPPNG

IS TGM STILL UNDER CARE MAINTAENANCE YET?

Or has TGM under ASIDOKONA gone into full swing Operation already?

From reliable source at Tolukuma Gold Mines, it is said that the local workforces have not received their fortnightly wages and salaries for x4 fortnights to dates.

It’s not just the first time for such experience. This has occured a couple of times before.

Digicel Network coverage moat of the time goes off and makes life difficult for employees to communicate with families in pom and around png.

Food rations has run out on several occasions before. And might be winding up sooner.

The sad thing is that the employees on site has families who frequent ATM machines to check balances only to find K0.00.
They have school fees to pay, hospitals fees to pay.

There is no clear cut Mine operational direction. Every one is living one day at a time. No one knows what tomorrows operational plans are.

Is ASIDOKONA MINING company really a reputable company that has what it takes to operate a Gold mine?

Could the developer shed some light on this.

when actually does does the production start?

The employees of Asidokona ownes TGM and the larger Goilala people need to know what the current status of TGM is in as far as its operations are concern.

This Gold mine has been under care maintainance for 2 years now. Is this the normal lenght of time required to run a mine under care maintainence?

TGM is one if not the only revenue generating avenue for 90% of Goilalabpeople and the confusion on the general mine’s operation is so loud that its becoming very visible.

TGM is currently been managed at an adhoc basis.

Leaves alot to be desired about regarding Asidokona Mining Company.

Where is George Gusi – YLA Chairman and Yulai elite?

Woitape LLG President Hon Joe Geru, do you have any idea of whats going on?

Philip Gugub, the EO for Member for Goilala, is Hon Samb aware of the unprofessional nature of things at TGM?

Employees and former TGM employees like Gee Mavai, Peter Yaria, Henry Kisio, James Francis, Albert Lalup, Daimahn Biah, Camillo Uvi, James Koga, Michael Songen, Daniel Kulolo Andrew Olu, Epi Koga

Can this piece of rumor be confirmed or denied?

PETROMIN-ASIDOKONA SALE HIT CONFUSION SNAG – TOLOKUMA GOLD MINE

The recently agreed PURCHASE SALE Agreement deal between Petromin Holdings LImited and Asidokona Mining Resources Pte. Ltd was planned to have its final touches done on site at Tolokuma Gold Mine.

George Gusi, the Yulai Landower Association [YLA] Chairman posted on his Facebook wall earlier this week that the “official handover-takeover” ceremony between Petromin and Asidokona would happen Thursday, 8th of October 2015, which is today.

To the surprise of everyone on site, a chopper loaded with a handful of Asian origin individuals flew into the mine site and  these individuals took a tour of the Underground tunnels and other departments on site and flew back to Port Moresby after a hour.

There was no mention of the proposed “handover ceremony” nor was there word from Petromin Holdings and Asidokona explaining the “no show”.

Everyone on site is lost and not sure who is going to give a factual update. Preparatory works done for today’s events is now hanging in the balance with everyone wondering what to do next.

Central Provincial Government and Goilala District Administration with their respective political heads also seem to be kept in the dark over this whole chain of events.

If this is done by design or just pure miscommunication on the part of Petromin and Asidokona, in not engaging the local Tolokuma communities, with their Local Level Government, Central Provincial Government, local Goilala MP and other Central Province politicians is anyone’s guess.

From social media postings, it seems the only person who is aware of whats happening and is seen working with the Petromin and Asidokona management teams to ensure this deal is sealed is Mr George Gusi, the YLA Chairman.

Reports from Tolukuma Gold Mine confirmed George Gusi is on site and is awaiting the arrival of Petromin and Asidokona officials.

CONVICTED & JAILED YLA CHAIRMAN FLOWN UP TO TOLOKUMA – PETROMIN & ASIDOKONA FAST TRACK

Petromin Holdings Limited, the government owned mining company who recently pulled out of Tolukuma Gold Mine in Goilala has very recently sold its interests (TGM) to Asidokona Mining Resources Pte Ltd.

Asidokona, according to online publications is a Singapore company, registered in July 2015.

https://www.sgpbusiness.com/company/Asidokona-Mining-Resources-Pte-Ltd
AsidokonaPetromin Holdings Limited has sold TGM to Asidokona on a “Purchase Sale Agreement” basis.

Definition – What does Purchase and Sale Agreement (PSA) mean?
The Purchase and Sale Agreement (PSA) is the agreement that finalizes all terms and conditions in the buying/selling of a company as originally stipulated in the letter of intent (LOI). When the shares of a company are bought/sold, the PSA is a Share Purchase Agreement or “SPA”. When only the assets of a company are bought/sold, then the PSA is an Asset Purchase Agreement or “APA”. This final document is binding, and is usually completed after all buyer and seller due diligence has been finalized, as neither side can turn back once the agreement is finalized and executed.

Source: https://www.divestopedia.com/definition/4580/purchase-and-sale-agreement-psa

Now, we have a new twist in this Petromin-Asidokona saga.
Reports from TGM has confirmed that YLA Chairman who was jailed and sent to Bomana recently for multiple offense, has been “bailed” out and was flown into TGM this morning.

Reading in between lines, this act is no brainier. This is primarily done to fast track the sale agreement signing between Petromin and Asidokona. As the Chairman, George Gusi will facilitate and endorse the Landowners support and approve that this deal be confirmed and done with the sooner, the better.

Now, legally, has George Gusi – the convicted villain – been bailed out? Is he entitled to bail application? If he is entitled to bail, then who bailed him out? When was he bailed out? Or if he is not bailed out then on what circumstances is George been taken out of prison?

Only on medical grounds, a prisoner can be brought out of prison. Apart from that, no other grounds will legally be right. Or is this notion wrong?

When a public office holder is jailed for breaking the laws, does his rights, privileges, powers and authorities automatically gets stripped off him/her?

If that is the case then how come Petromin Holdings and Asidokona seem to engaged and recognize a law breaker in George Gusi as the Chairman of YLA?

Does such recognition qualifies these two entities of been guilty of breaking the laws of this land?

The Petromin-Asidokona deal seem be take  a fast lane approach in sealing the deal before anything legitimate is said and done about this.

There seem to be more questions about this deal then answers. And this in itself deserves a lot of publicity in Papua New Guinea’s main stream media. Sadly, PNG Media has turned a big blind eye and deaf ears to this since this news was broken.

God Bless Papua New Guinea

PETROMIN OWNED AND OPERATED TGM SUSPENSE PRODUCTION FOR TONIGHT AS THE YLA CHAIRMAN GEORGE GUSI GOES BERSERK.

At 3pm today [Sunday 15th February 2015] Chairman of the Landowner Association – Yulai – stormed the TGM General Manager’s with a long handle axe and chased the GM out of his office.

Prior to breaking and entering the GMS Office, Mr Gusi forcefully entered the IPI catering operating bulkstore and forced it closed.

He destroyed the freezers and other white goods inside and headed for the GMS office.

If the GM was hurt in this act, it’s unknown but unconfirmed reports from the mine site confirms the night shift workers have been forced to stay off work. Which has been actioned.

Production at the mine site has been suspended as TGM comes under siege all because of one man – Mr George Gusi.

The reason of the attack is unknown but few informants did mention George Gusi is unhappy with TGM because his food stock for his store has not been airlift from Pom to TGM mine site for 4 days.

But others believe Mr Gusi is frustrated with the TGM Management due to the fact that Management had him removed from the campsite and rid him of previledges that came with campsite accommodation.

Amongst a host of “demands” Mr Gusi verbally aired was..

1. Removal of the TGM GM
2. Immediate solution to unsolved issues at mine site,
3. Intervention from the National Government to resolve outstanding issues between TGM LOS and TGM.

Generally reaction from the TGM workforce is that of confusion.

No one knows why Mr Gusi has done what he has done.

Situation at the mine site has been normalized but the GM is shocked after this surprise attack from the LO Chairman with an axe.

It was obvious Mr Gusi was under liquor and as such all he was saying was alcohol influenced.

More updates to follow.

TOLUKUMA GOLD MINE & PETROMIN HOLDINGS Ltd.

Since 2011, when Petromin took over TGM, am tipped off Yulai Land Owners have been getting some lousy sums in their Royalty payments.

There are three clans that makes up the Yulai Landowners Association. And according to whats been said, each month Petromin pays a mere K3000.00 to each clan.

That’s a total of K9,000.00 for Royalty payments.

Am not sure how many people are in each clan. I tried to verify that information with George Gusi [who I have his number] but he kept turning me down. Not sure why.

Imagine if each 3 clans has a family head of say 500. With each of this families having their children whom also have their own children, how could you end up sharing K3,000.00 amongst this lot of people?

With the monies aside, how much Gold does Petromin make each day from TGM?
Does the give-&-take ration match up? Why is the LO Chairman [George Gusi] so silent on this?
And why is MP Mona very much non-existent on this as well?

Oh and just so you know, we have two LO Chairmen – George Gusi and Epi Koga.

Word has it that Epi Koga was elected into Office with a landslide votes but George Gusi isn’t giving up that Chairman seat to him on a golden platter.

Why is George Gusi so desperate and holding onto power? And why are the people so silent? Why is Petromin not recognizing Epi Koga and keeps dealing with George Gusi?

Amongst a host of reasons I have raised this issue here, I have only one major point that seem far more important that all Goilalas needs to take note off.

And that is the Exploration Licenses that Petromin [legally] has in GOILALA DISTRICT totals up to 6.

Legally Petromin Holdings Limited owns and has the right to operate these 6 ELs throughout Goilala come the right time. [Funding I assume].

With the mediocre management with disregards to safety, environment and welfare of its local workforce, God helps us the whole of Goilala District if Petromin Holding turn out to be the Company engaged to operate these 6 ELs in Goilala.

Gold Mine prospects range as far and wide as Ipi River, Mt Yule, Kerau, Minau, Sindo, Olom, Ononge, Aigora, Mt Dai, and Mt Albert Edward.

Goilalas, wake up and pay some attention to what is happening in Tolukuma Gold Mine and make some hard decissions or we will end up getting K3,000.00 for monthly Royalty payment to be shared amongst God knows how many clans.

Lord Have Mercy on Our Future!!