Barrick buys Kainantu
gold mine... Highlands Pacific has sold its gold
mine to Barrick Gold for K412 million. This file picture
shows the crowd waiting for the arrival of Prime
Minister Sir Michael Somare for the official opening of
the Kainantu gold mine in March last year. – Highlands
Pacificpic
HIGHLANDS Pacific has agreed to sell its troubled
Kainantu gold mine in Eastern Highlands to Porgera
mine owner and operator, Barrick Gold, for US$141.5
million (K412 million).
Harmony Gold (PNG) claims tobe the first mining
company in the country to build a tailings storage
facility to prevent mine wastes from spilling into
river systems.
PNG Microfinance Ltd (PML) has
launched a weekly watch radio programme to inform
the public on the types of financial services it
provides especially to the informal sector.
BRUSSELS: Major industrialised countries announced
plans last Tuesday for a new anti-counterfeiting
pact as they seek to clamp down on money-spinning
piracy in global trade.
DEEFENDING premiers Airways Sunam (women) and
Hornibrooks United (men) survived another tough
tussle to push their luck in the major semi final of
the Port Moresby Hockey finals this weekend.
MADANG Governor Sir Arnold Amet has assured PNG
soccer officials that an international class soccer
field will be built in Madang.
The Menjals being farewelled by their
patron Pastor Isaac Joseph who is Mendi MP, and
other rugby officials for the Singapore flight.
Nationalpic by EKAR KEAPU
THE number of election petitions filed after the
2007 elections is significantly lower compared
to 2002, Electoral Commissioner Andrew Trawen
said yesterday.
THE chairman of the new Finance Department’s
Audit Committee has given an assurance that
recommendations by the Public Accounts Committee
(PAC) to prevent abuse and tighten procedures
will be implemented.
STUDENTS at the University of Technology are
expected to end their boycott and return to
classes today – five weeks before their final
examinations begin.
A HOUSE was buried in a landslide while the
family was inside in Alotau, Milne Bay, last
week, provincial disaster officer Eric Balaria
said yesterday.
HOSPITALS throughout the country are now out of
anti-venom drugs for snake bite patients, PNG
Snakebite Research Project officer David
Williams said yesterday.
