BY SYLVANA TEKUMAHA
The Minister for Mines and Energy, Derrick Manuari, has told Parliament that government is working towards commercial cooperation in the mining sector.
Speaking during the Sine Die Motion in parliament on Wednesday, he said the Ministry is developing policies that will enable the government to participate in equity sharing arrangements and in the establishment of state-owned enterprise.
“The government is engaging in these transformation policies and aims to release the full potential of resources for our country.
“We are also foreseeing the government and people to commercially participate for the increase benefits resulting from non-renewable resources,” he said.
Manuari said some of the reforms will lead to establishment of the sovereign wealth fund raised and therefore it is important to ensure there are benefits from extraction in the future.
“These reforms will also pave way for effective and sustainable provision of renewable energy in the future. This policy is important for it will regulate how we will provide service and energy through solar to our people,” Manuari said.
He said the purpose of the reforms is to strengthen governance, transparency, and accountability in the management of the country’s resources.
“The ministry has been driven by a single purpose that is to responsibly unlock natural national resources, wealth and power for a sustainable future,” Manuari said.
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