People moves: Kina Petroleum, MRDC, Marengo Mining and PIPSO

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A new board member at Kina Petroleum, a new chairman of the Mineral Resources Development Corp., and other new appointments.

PM O’Neill flags major restructure of Papua New Guinea’s state-owned assets

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Papua New Guinea’s Prime Minister, Peter O’Neill, has confirmed the government will restructure the country’s interests in oil, gas and mining resources into two separate mining and petroleum companies. All other state-owned enterprises will be absorbed into a third holding company.