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Posts Tagged ‘Millionplus Corporation’

Minister Chan demands action on illegal Konoagil logging

January 3, 2017 4 comments
Mining Minister Byron Chan has reacted angrily to illegal loggi

Mining Minister Byron Chan is demanding action on illegal logging in his electorate

Mining Minister Byron Chan has reacted angrily to revelations on this blog about illegal logging operations in the Konoagil District of New Ireland. He is demanding action to stop the logging and police investigation of those responsible.

But is the Minister REALLY SERIOUS or is this just pre-election posturing? Will Minister Chan really ensure proper investigations are carried out and effective action is taken against those responsible for the theft of forest resources and destruction of the environment?

BY JEFFREY ELAPA, Post Courier, January 03, 2017

MINISTER for Mining and Member for Namatanai Byron Chan has called on authorities to investigate two foreign companies [Millionplus Corporation and Islands Forest Resources] involved in logging activities in his district.

Mr Chan is also calling on the authorities to investigate how Government authorities had allowed the companies to conduct business in the country and wants their Malaysian principals [Kie Yii LING, Ting Ping LAU and Tiing Siu HAH] deported.

He said he is outraged over their being issued environment and logging licences.

“I’m totally disgusted and immediately call for a full investigation into the illegal activities occurring at Forest Department and the Department of Environment and Conservation.

“I further call on the two Ministers Douglas Tomoresia (Forest) and John Pundari (Environment) to institute an investigation into the conduct of the two companies.

“I also call on the police fraud and anti-corruption unit to investigate the activities of these foreigners cheating my people. How can authorities allow foreign companies to conduct illegal businesses in the country.

“I also call on the Minister for Forest to cease the operation of the company and Immigrations to immediately deport the two foreigners and blacklist them as they have misled and abused the trust of my people and my district. We do not need people involved in illegal activities they also pose threats to the sovereignty of the nation.

“This is the kind of business conduct by foreigners under the guise of doing business and involved in local politics are not welcomed to stay in this country.

“My people are innocent like most rural Papua New Guineans. There have been a lot of false promises and false hopes given to my people and I’m really disgusted by the action of such foreign companies conducting business in my district and the country,” he said.

Mr Chan also called on local elites not to mislead the people for whatever motives they had.

“As a concerned national leader and leader of my people I’m calling for an immediate investigate by the authorities,” he said.

Konoagil logging companies bankrupt

December 30, 2016 4 comments

bankruptThe two companies engaged by New Ireland businessman Walter Schnaubelt to log the Konoagil district of New Ireland were effectively bankrupt at the end of 2015 when they negotiated their logging contracts. Together the two companies were almost K3 million in the red. This is revealed in financial documents filed with the Investment Promotion Authority in Port Moresby.

The two Malaysian owned companies, Millionplus Corporation and Islands Forest Limited are owned by Tiing Siu HAH and Kie Yii LING. In total they have been granted permits and licences to log up to 135,000 hectares of forest in southern New Ireland. The logging operations are illegal because of a lack of informed consent from local people, a flawed landowner identification process and the false promises and inducements used to get some people to accept the logging.

Schnaubelt has promised local forest owners the companies will establish 35,000 hectares of oil palm and build an international standard hospital, nursing school, bridges, schools and main roads in the district, but according to IPA records, both companies were bankrupt at the end of 2015 and could not meet the ‘Solvency Test’.

millionplus-insolvent

islands-forest-insolvent

The Konoagil logging operations have been clouded in controversy, with local people stating they have not given their informed consent, that landowner identification processes were rushed and incomplete and they were forced to sign documents that were never fully explained. Now they must face the fact their forests are being destroyed by two companies that were heavily in debt when they were engaged.

According to its annual return, at the end of 2015, Millionplus Limited was over K2.5 million in the red with liabilities of K3,814,616 and assets of just K1,215,122:

millionplus-debts

Islands Forests’ position was marginally better – it was only K293,668 in the red, with assets of K3,137,907 and liabilities of K3,431,575:

islands-debts

The PNG Forest Authority and National Forest Board need to answer for how such companies can be given licences and permits for logging operations and Walter Schnaubelt needs to explain to the people of New Ireland why their forests have been handed over to two bankrupt companies and who will fund all the expensive infrastructure he has promised.