Mining-focused company starts local operations

LARGE-scale mining companies and alluvial miners do not have to import needed services and mining equipment as such are readily available locally.
This was disclosed last week by Italpreziosi South Pacific Ltd (ISPL), a company specialised in precious metal trading through processes, integration, acquisition and collaboration with gold and silver suppliers, during a presentation at Crowne Plaza.
Announcing its presence in Papua New Guiena, ISPL financial director Andrea Aratoli said the company provides integrated and quality services to the local mining industry with backing from its unit ISP Chemical Ltd (ISPCL).
Aratoli said since the establishment of its office in the country three years ago, ISPL and ISPCL had built themselves a good reputation in the country.
He said the company had the experience to respond to the requirements of the gold mining and alluvial mining industries.
Welcoming ISPL, new-appointed Treasury and Finance Minister Peter O’Neill said: PNG is a place of opportunity and I welcome you to invest in the country, especially in the small-scale alluvial mining where bulk of the rural people would benefit and give a good return to the shareholders.
With headquarters in Port Moresby, ISPL was formed in October 2006 and began operating in April 2007.