Monday April 16, 2007

Nation
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Emperor sells 20% Porgera stake
Emperor Mines will be heavily cashed following sale of its 20% stake in Porgera gold mine to Barrick Gold for US$250 million (K781 million), a forced sale caused by severe problems related to the closure and sale of its Fijian gold mine.
Nasfund’s investment gathers steam
THE National Superannuation Fund’s investment programme that will gain high investment returns is gathering steam.
Frabelle to extend pump boat project
ONE of PNG’s premier fishing companies, Frabelle Frescommer Corporation (FFC), is considering carrying out similar pump boat projects in the Solomon Islands.
Effective use of minerals wealth can boost economy
EFFECTIVE use of the PNG’s minerals wealth can enable its economy to grow twice as fast and “significantly reduce poverty and unemployment”, according to the International Monetary Fund.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                                                                                                                    

    
The Bell Tower in Downtown Port Moresby.

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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