15/10/2026
🇵🇬 "THE LARGEST CONTINUOUS THEFT OF NATIONAL WEALTH IN OUR HISTORY"
Oro Governor Hon. Gary Juffa, Chairman of the Special Parliamentary Committee on Public Sector Reform and Service Delivery, has tabled the committee's report into PNG's alluvial gold mining sector in Parliament.
What the evidence shows:
💰 The sector is worth about K6.4 BILLION a year. Only K120–150 MILLION is declared. That is less than 3 toea in every kina.
📉 Declared gold production fell 66% from 2020 to 2023, while mining machinery investment rose 75% and gold prices hit record highs.
✈️ In 2022, 3 tonnes of gold were smuggled out, more than all legal exports that year.
🏦 One foreign-controlled exporter, "Company X", hid 787 kg of gold (K145 million) in a single year through a Hong Kong shell company.
⚖️ FASU sent over 2,000 intelligence reports in 10 years. Prosecutions: ZERO.
🛃 Customs officers are blocked from the scanners at Jackson's Airport, and the scanners can't even detect gold.
🚩 PNG is now on the FATF grey list, driven in large part by gold smuggling.
The committee has made 21 recommendations, including an export moratorium, a gold enforcement unit, putting the citizens-only mining policy into law, a 20% landowner benefit share, and a PNG Gold Purchasing Corporation that pays fair prices in the villages.
"Our failure to control our borders is not a structural constraint. It is an institutional choice, and it is a choice this Parliament can reverse, starting today."
A follow-up hearing is coming. To every miner, landowner, public servant and industry member with knowledge of this trade: your Parliament is listening, and your evidence will be heard.
"The gold is in our rivers, Mr. Speaker, but their patience is not without end."
Governor Juffa Tables Alluvial Gold Report: K6.4 Billion Lost Every Year