Panguna parties sign Memorandum of Understanding to address mine impacts [Yahoo! Finance]
Tetra Tech, Inc. (TTEK)
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Source: Yahoo! Finance
signed a Memorandum of Understanding (MoU) to form a Roundtable to address the findings of the Panguna Mine Legacy Impact Assessment (PMLIA). The independent PMLIA is based on two years of data collection overseen by an Oversight Committee that includes representatives from local communities and both Government of Papua New Guinea and ABG officials. Engineering firm Tetra Tech Coffey, which conducted the study and reported to an independent secretariat, presented the findings to Panguna communities in October 2024. The PMLIA Report is expected to be published later this month. Under the MoU, the Roundtable parties will work together, consult with impacted communities, and establish a process to agree on how to remedy actual and potential impacts identified in the PMLIA. It is intended this will include establishing an effective remedy mechanism that is aligned with the United Nations Guiding Principles on Business and Human Rights. In parallel, the Roundtable parties will cont
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