Even if the PNG Government puts up its share of the funds for the Solwara I, as Nautilus Minerals’ CEO expects, it will be at least two to three years before the company can begin its deep sea mining operation in the Bismarck Sea.
News
A new ring road being built ahead of the 2018 APEC summit, diplomats warned and other local and international stories.
The National Court has confirmed the appointment of Mal Lewis as chairman of the National Airports Corporation, while its board has confirmed an Acting Managing Director.
Nautilus Minerals says it will go ahead with its high grade copper-gold exploration project in the Bismark Sea, after an international arbitrator compelled the PNG government to abide by a joint venture agreement.
Newcrest Mining has announced the appointment of Peter Hay as the new Chairman of Newcrest, when Don Mercer retires in December 2013.
PNG Teachers vote down selling Credit Corp and other local and regional news.
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National Development Bank under-funded, Indochine Mining makes loss and PM flags constitutional reform and more stories in brief.
Bob Stanley has been appointed Country Manager for GRM International’s operations in Papua New Guinea.
The ratings agency Standard and Poor’s is adopting a ‘wait and see’ attitude towards the O’Neill government’s nationalisation of the Ok Tedi mine and its owner, the PNG Sustainable Development Program (PNGSDP).