RE:RE:RE:RE:Why the selling before financials?We're having our mettle tested at the moment, I guess.
But your statement regarding the "opposition being more mining friendly" sounds about right, at least from what I see in other articles.
e.g. "
Mr Marape has used his leadership to put some of the world's biggest resource companies on notice over a perceived lack of wealth flowing from their projects back to communities.
He has pledged to turn the South Pacific archipelago into the "richest black Christian nation" on earth and has battled to secure a larger stake in resource projects for the state that has led to delays in development.
PNG has been weighed down by dire levels of debt built up over many years, made worse by the novel coronavirus pandemic.
Member of parliament Charles Abel, a former deputy prime minister and treasurer, said there were concerns over the state of finances.
"There is deep concern about the way the economy is being managed, the escalating debt, erosion of the independence of the central bank, stalled projects, loss of jobs, anti-investment rhetoric, lack of consultation, unconstitutional laws bypassing landowners and provincial governments," he told Reuters.
Opposing sides will use the coming days to try to drum up support as parliamentary procedures won't allow for an immediate vote to remove a leader.
Several large mining and oil and gas companies have projects in PNG, including Exxon Mobil Corp and Newcrest .
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My comment: (It's noteworthy that despite this harshening of conditions for foreign mining companies since Marape took over about 1-1/2 years ago, K92 has been able to proceed in doing business amicably with the government and landowners, almost certainly due to K92's policy of treating those parties with fairness, respect, involvement, and communal benefit.
Therefore, as you suggest, the transition to a more receptive government could only be a positive for the company, in that it would help to reduce external concerns about the future.)