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On Tuesday, former prime minister and PNGSDP chairman Mekere...

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    On Tuesday, former prime minister and PNGSDP chairman Mekere Morauta launched a pre-emptive salvo at Mr O'Neill, saying his attempts to take over the mine amounted to theft.

    "Stealing an asset worth approximately $860 million to the people of Western, plus their annual share $193 million of the Ok Tedi Mine dividends, is not acceptable legally or morally.

    "It is unconstitutional as well.

    "I also fear this is the first step - I hope he does not want to get his hands on PNGSDP itself and the $1.50 billion in the long-term fund," Sir Mekere said.

    In his speech to parliament, Mr O'Neill said shareholders will be compensated
    disallowed/business/png-government-takes-control-of-ok-tedi-mine-20130918-2tzt4.html


    Note shareholders were not compensated.

 
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