KUMUL Review July 2016

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A JOB WELL DONE: To commemorate Minister Micah’s term of office Chairman of KCH Mr Paul Nerau and Minister Duma presented Minister Micah with three frames - one featuring the launch of Kumul Consolidated Holdings; another featuring the Lae Port Project; and a third frame containing his final speech as Minister for Public Enterprises and State Investments, made at the launch of KCH on December 1, 2015. Speaking at the handover ceremony at the Crowne Plaza Hotel, in front of a capacity audience that included the heads of the State Owned Entities, Chairman of KCH Paul Nerau said: “Minister Micah successfully implemented the Kumul agenda; he facilitated the move of the Port Moresby Wharf to Motukea and the expansion of the Lae Wharf which will allow for the further expansion of the PNG economy. His contribution to Papua New Guinea has been monumental.” “It was less than two months ago we celebrated the launch of Kumul Consolidated Holdings – a milestone that capped a brilliant term by Minister Micah.” On handing over the portfolio Minister Micah said to Minister Duma: “I will be handing over to you an area that is not new to you. You yourself a very successful lawyer, you come from a business background, you were involved with me already in the Privatisation Commission, the PNG Harbours Board, the PNG Ports Corporation, and I believe that this is not going to be a new thing for you.” “I totally trust you and believe that you will rise up to the occasion to take these companies (the SOEs) that are no longer sick babies, they are robust strong companies now with very capable Board members and very capable management teams. There is a wealth of Papua New Guinean people out there waiting to enter the workforce and now they have an opportunity to work in Telikom, in Air Niugini, in Ports… getting much better pay in State Owned Enterprises than they would in the private sector, had we not helped these companies grow into the success that they are today.” “I can speak very confidently that you will provide the same level of professionalism and the same level of leadership. The Prime Minister has aligned both of us in areas where we will complement each other. I will be counting on you and your knowledge and your experience in the Petroleum and Energy Ministry and I am sure likewise you will consult me when needed.” The handover follows the recent appointment of Hon. Ben Micah as Minister for Petroleum and Energy. Hon. William Duma was formerly the Minister for Transport and Infrastructure. He is a long-standing Member of Parliament under successive governments and once held the office of Minister for Petroleum and Energy. p6 Kumul Review July 2016 Kumul Consolidated Holdings Limited DRAFT LOGO Kumul Consolidated Holdings Limited DRAFT LOGO (Reverse Option)
‘I will continue the good work’ Edited transcript of Hon. William Duma’s acceptance speech. Wednesday January 27, 2016 I’d like to simply acknowledge and commend and thank our Prime Minister, the Honorable Peter O’Neill for recognising the rare qualities of the outgoing Minister Honorable Ben Micah and for having made the very important decision to appoint him to this very, very important and challenging portfolio – one of the most challenging portfolios in the country. I would also like to commend the Prime Minister and thank him for allowing me this opportunity to continue the very good work that has been carried out by my brother and Minister Ben Micah. Let me say this (to Minister Micah). I have known you for a very long time. You are a reformer and you are a visionary. When the Governments of the day in the past were talking about much-needed reforms to the provincial government system, you put your hand up and you wrote the agenda and as a result – and not many of us would know – but I do know that this was one of the factors that led to you losing your seat of Kavieng Open. You made up your mind and you were of the view that it was in the interest of the country – you took the risk and you lost. But the people of Kavieng were much wiser and decided to bring you back. And I don’t believe for once they made a mistake. You were also at the forefront of the Government’s agenda to reform our State Owned Enterprises and at that time you were the First Executive Chairman of the Privatisation Commission and in many ways you were my boss when I was Chairman of Ports Corporation. So these are small praises Honorable Ben Micah. I don’t think you’ve left the State Owned Enterprises or that you’ve left this Ministry – we’ve just changed titles. As you know Minister Micah in Cabinet I have always been one of your supporters. There was only one occasion when I had some strong views about your decision to relocate the wharf (from Port Moresby to Motukea) but in hindsight I admit you were right and I was wrong. As you know I have always been there for you and you are just a phone call away. You have given a very solid three and a half years with this very important organisation. I have only one and a half years to do it. You have left me with a strong structure, very good people, and good boards. My view is that in a country like Papua New Guinea our State Owned Enterprises are very, very important and if we were to ignore them it would be at our own peril. Papua New Guinea is a unique country, as you all know. Unlike countries in Europe such as France, England, Germany, Spain and Italy who have one common language per country, one culture, they understand each other; we in this country have more than 800 different languages, more than a thousand tribes, many cultures. In effect we are so many different countries all living under one country. That in itself can be a strength but in terms of development it can prove to be a major obstacle. When you have so many different views from so many different ethnic groups who react and think differently it is in fact one of the most difficult countries to run on Earth – yet many don’t seem to recognise this. When our foreign friends blame us and point fingers and remind us of all the statistics they overlook the fact that we are many different countries living under one roof as wan kantri. We have actually demonstrated that we are smarter than most of them. Again, that is also reflected in the way our SOEs are run. They are also made up of people from different cultures, a different way of thinking, yet we all try our best to run the SOEs for the interests of our people. There is frankly speaking nothing much for me to do in the remaining one and a half years. I can only think of continuing the good work that you (Minister Micah) have done, consolidating everything that you’ve done. If there are any weaknesses that we all identify, then we will try and work on them. And of course, I will still call on you and pick your brain – maybe a bigger brain. As I said earlier, I do not plan to reinvent the wheel. For me it will be very challenging but the bulk of the work has already been done by Minister Ben Micah and the current Boards and Management and I intend to consult each and every one of you. We will maintain the status quo until the elections. Minister William Duma addresses the audience at the handover ceremony held at Crowne Plaza Hotel, Port Moresby. In the audience are Board Members of KCH and the SOEs, along with senior management and members of the media. Kumul Consolidated Holdings Limited DRAFT LOGO Kumul Review July 2016 p7 Kumul Consolidated Holdings Limited DRAFT LOGO (Reverse Option)
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KUMUL Review July 2016

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