Hon. Gary Juffa Tables Alluvial Gold Mining Report in Parliament | K6.4 Billion Lost Every Year

Hon. Gary Juffa, Governor of Oro Province and Chairman of the Special Parliamentary Committee on Public Sector Reform and Service Delivery, tables the committee's report on the Inquiry into the Governance, Regulation and Economic Sovereignty of Papua New Guinea's Alluvial Gold Mining Sector. The committee calls it "the largest continuous theft of national wealth in the history of our independent state." KEY POINTS PNG's alluvial gold sector is worth about K6.4 billion a year, but only K120–150 million is declared Between K1.5 billion and K6 billion leaves the country every year, untaxed and unrecorded In 2022, smuggled gold was 128% of legal exports, the first time in PNG history "Company X" hid 787 kg of gold (K145 million) in one year through a Hong Kong shell company FASU sent over 2,000 intelligence reports in 10 years, with zero prosecutions Customs officers are blocked from scanners at Jackson's International Airport PNG was placed on the FATF grey list, partly because of gold smuggling The report makes 21 recommendations under four pillars: Emergency Action, Structural Reform, Sovereign Development and Accountability "The gold is in our rivers, Mr. Speaker, but their patience is not without end." CHAPTERS 00:00 Report introduced in Parliament 00:48 Thanks to committee members and secretariat 02:29 Statement begins: the evidence 03:46 The numbers: K6.4 billion vs K150 million 05:28 Why the official figures are impossible 06:59 The "Company X" case 09:07 FASU reports and zero prosecutions 09:53 Customs locked out at Jackson's Airport 11:08 FATF grey listing 11:51 Legal miners being pushed out 13:14 A national security and constitutional crisis 14:56 The structural failures 15:47 The 21 recommendations 17:39 PNG's island advantage and political will 18:34 Follow-up hearing and call for public submissions 19:55 Agencies must review their capacity 21:40 Promote vs protect: building enforcement capability #PapuaNewGuinea #GaryJuffa #AlluvialMining #GoldSmuggling #PNGParliament #PNG #GoldMining #FATF #Corruption #PNGNews #Oro #Melanesia #Accountability #EconomicSovereignty