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The Porgera Landowners Association was formed in the late 1980s and incorporated in 1992. Its objectives are to represent the 10,000 landowners with traditional land around the Porgera Gold Mine and serve as a pressure group on behalf of the landowners, and to pursue landowner claims in the courts in Port Moresby. The PLOA is funded by ...
The local body, which was established to represent the landowners around the mine, the Porgera Landowners Association , is funded by a percentage of royalties from the mine, receiving $1.4 million in 2009. However, the PLOA refuses to publish its accounts, and many landowners accuse the leadership of the PLOA of lining their own pockets at the ...
Francis Ona (15 February 1953 – 24 July 2005) was the Supreme Commander of the Bougainville Revolutionary Army (BRA) during the 1988–1998 Bougainville conflict.The war began when Ona "went bush" and began organising acts of industrial sabotage against the Panguna mine, which he felt was causing environmental devastation and was not fairly compensating the traditional landowners, himself ...
It was 1747, the year in which residents west of the Susquehanna lobbied the PA Assembly to let future York County withdraw from Lancaster County.
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A royalty payment is a payment made by one party to another that owns a particular asset, for the right to ongoing use of that asset. Royalties are typically agreed upon as a percentage of gross or net revenues derived from the use of an asset or a fixed price per unit sold of an item of such, but there are also other modes and metrics of compensation.
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The royalty paid is a function of the net value of the proceeds from the sale of the oil, gas, or other substance, multiplied by the owner's revenue interest decimal, less any amounts deducted for taxes or other deductions. [17] The revenue decimal used to calculate the amount of an owner's royalty check is calculated with the following ...