Frieda River Limited holds virtual Community Leaders Forum with landowning communities in Papua New Guinea

Frieda River Limited holds virtual Community Leaders Forum with landowning communities in Papua New Guinea

On Friday 24 November, Frieda River Limited hosted a virtual Community Leaders Forum (CLF) with representatives of Telefomin and Ambunti district administration and leaders from seven host villages at the Frieda River Project site.

The Company has hosted CLFs since 2014 when it acquired its majority shareholding in the Frieda River Project. In 2020 however; due to COVID-19, the Company was unable to safely mobilise stakeholders to and from the Project site and the CLF was temporarily suspended. This was the first CLF the Company has held since the COVID-19 hiatus.

Also in attendance was Papua New Guinea Conservation Environment and Protection Authority representative, Dr Lemas Pangum. During the meeting, Dr Pangum presented an update on the status of the independent peer review of the Frieda River Project’s environment and engineering studies that were submitted to the state regulator in 2019.

The meeting afforded Frieda River Limited representatives an opportunity to provide an update on the independent peer review process, discuss the revision of social investment program policies and plan for key activities to be undertaken in 2022.

At the end of the forum, Telefomin District Deputy Administrator, Anslem Mani thanked the Company for its positive and ongoing support to the local communities, particularly during the COVID-19 pandemic.

“Telefomin district recognises the ongoing contribution Frieda River Limited has made to our communities, particularly supporting government programs in health and education in one of the most isolated Sepik regions,” Mr Mani said.

Frieda River Limited Director, Phil McCormack  went on to advise the Company will continue to support health and education initiatives in country.

“In 2020, the Company contributed over US$60,000 (K210,600) to community development programs in Papua New Guiana. An additional US$75,000 (K263,250) was expended on the use of helicopters to deliver programs to our landowning communities which were inaccessible by road.

“These programs focused on improving health and education services and capacity-building, with a greater emphasis on the maintenance and establishment of infrastructure to support these programs.

“Our commitment to supporting communities in Papua New Guinea is unwavering. We will also continue to work with the Government of Papua New Guinea and all relevant stakeholders to ensure that all regulatory processes during this permitting phase of the Project are followed,” Phil said.

Frieda River Limited looks forward to continuing the CLF process in 2022 in line with Government of Papua New Guinea COVID-19 control measures to protect the health, safety and wellbeing of it employees, communities and key stakeholders.

Mr Lei Feng

Non Executive Director
MBA, FCCA

Mr Lei Feng has over 20 years of financial management experience in various sectors including printing, packaging, shipbuilding, grain trading, mining and finance.

Mr Feng began his career in 2004 as a Financial Accountant at C & C Joint Printing Co., (Guangdong) Ltd., after completing a Masters of Business Administration degree between 2002 and 2004 at Sun Yat-Sen University.

After five years, in 2009, Mr Feng was appointed as Financial and Executive Manager at Heshan Innopak Co., Ltd. Since 2013, Mr Feng has held senior financial positions with various Guangdong state-owned companies regulated under the State-owned Assets Supervision and Administration Commission.

In 2013, Mr Feng took up a new appointment as Financial Controller, at Guangxin Shipbuilding and Heavy Industry Co., Ltd and was appointed in 2016, as the Financial Controller with Donlink Group Co., Ltd.

In 2018, Mr Feng joined Guangdong Rising Holdings Group Co. Ltd., (GRHG) as the Deputy General Manager of the Finance Department and later in 2020 he was appointed as General Manager of Finance. In early 2022, Mr Feng took on his current position of General Manager of Guangdong Rising Investment Development Co., Ltd, with GRHG.

Mr Feng became a Non-executive Director of the PanAust Limited Board of Directors on 10 May 2022.

Mr Daling Zheng

Managing Director and Chief Executive Officer
MCom, MBA, PGDip

Mr Daling Zheng is PanAust Limited’s Managing Director and Chief Executive Officer. He has 20 years of experience in asset management and investment in China and internationally and holds a Master of Commerce (Applied Finance) from the University of Queensland, an MBA from Murdoch University, and a postgraduate diploma from the Queensland University of Technology.

Prior to joining PanAust Limited, Daling worked for Shenzhen Zhongjin Lingnan Nonferrous Metal Co. where he was involved in mergers, acquisitions, and the asset management of international mines.

Daling’s previous experience includes as an investment approval officer in the Investment Management Committee of the China Ping An Group where he was responsible for the acquisition of global-listed companies and commercial banks, underwriting, investing in corporate bonds, and participating in Moody and Standard & Poor’s credit rating on Ping An Group. He has also been responsible for corporate banking at the China Minsheng Bank, and was an analyst in the energy and nonferrous metal industry at CITIC Futures.

Daling was appointed an Executive Director of PanAust Limited on 27 August 2018, Chief Financial Officer on 15 January 2019 and Deputy Chief Executive Officer on 23 July 2020. In 2022 Daling was appointed as Managing Director and Chief Executive Officer of PanAust Limited.

Mr Shu Yao

Chairman
BEng, MBA

Mr Shu Yao is a Mining Engineer with over 30 years’ of experience in mining operations and management.

Mr Yao joined Shenzhen Zhongjin Lingnan Nonfemet’s (Nonfemet) Fankou Mine – one of the largest lead and zinc producing mines in Asia – in 1989 as a Mining Technician. He would later serve as the Mining Manager, General Manager of the Mining Department, and Assistant General Manager during his 26 year tenure with the Mine.

In 2015, Mr Yao transitioned to work directly for Nonfemet as the Assistant President; General Manager of the Mineral Resource Department. While with the Company, Mr Yao would go on to hold the roles of Deputy President and Director, and Executive Deputy President and Director.

In 2020, Mr Yao transitioned to his current role of Chairman of Guangdong Rising Investment Development Co. Ltd; a first tier subsidiary of Guangdong Rising Holdings Group Co. Ltd.

Mr Yao became the Chairman of PanAust Limited on 11 May 2021.