Kalinoe may have been cool with the restructuring, but he certainly thinks "the leading role" he was offered probably was a demotion. Probably was "leading" the morning exercises then going to the bakery and getting the "roles". Hohoho Arun Basu (gotta love his first name) was asked to stay on and be the acting MD. This probably was done first, then Kalinoe saw the writing on the wall.
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Support the decision: Kalinoe |
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Wednesday, 10 April 2013
JOSHUA Kalinoe, who recently resigned as managing director and chief executive officer of Petromin, has reportedly supported the decision to disband the state-owned enterprise (yeah right), while Goilala parliamentarian Daniel Mona is concerned about impacts to the Tolukuma gold mine.
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Aerial view of the Tolukuma Gold Mine in PNG |
Kalinoe told The National he resigned for personal reasons (which were reportedly having his hand in the cookie jar) and the decision was not related to the government’s plans to transfer Petromin’s assets to new SOEs Kumul Petroleum Holding Limited and Kumul Mining Holding Limited.
“I believe it is in the best interest of the nation and I urge the staff and board of Petromin to positively support the decision and work with the government to implement it,” Kalinoe reportedly said.
An industry source confirmed to PNGIndustryNews.net that Kalinoe was offered a leading role with either the Kumul mining or petroleum company but left anyway (He was last seen riding his bike, which sported a Shell pennant, off of a cliff near the Elk-Antelope field. He used the remnants of a fake-flare propane tank to propel him in a firey launch in an attempt to fly to Russia)
Financial professional Arun Basu was internally promoted to become Petromin’s acting MD to run it during the transitional period.
Meanwhile, Mona reportedly supports the plan to disband Petromin but told EMTV there were a lot of outstanding issues to address before its Tolukuma gold mine could be transferred into KMHL.
These reportedly include memorandum of understanding arrangements and “liabilities owed to the villages downstream of the Angabanga River”.
Mona abandoned the Opposition ranks of the PNG Party last month to join the coalition government led by Prime Minister Peter O’Neill.
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http://www.pngindustrynews.net/storyview.asp?storyid=798351033§ionsource=s0
