PM to open mining seminar

Business, Normal

The National, Friday 25th November 2011

THE PNG Chamber of Mines and Petroleum will be hosting a four-day mining and petroleum seminar starting on Tuesday, to be opened by Prime Minister Peter ONeill at the Gateway Hotel in Port Moresby.
The seminar will come in two parts, with the mining seminar to start on Tuesday and end on Wednesday followed by a petroleum segment on Wednesday and Thursday.
The mining seminar will inform delegates on current activities in the PNG mining industry, featuring project updates, new developments, advanced prospects and on exploration activities.
Highlights would include PNG’s newest mines, Hidden Valley and Ramu, the world’s first deepo- sea mine, Solwara 1 and the world class prospects – Frieda River, Yandera, Wafi and the island gold prospect  at Woodlark in Milne Bay Province.
The petroleum seminar will provide delegates with an update on current activities in the petroleum sector, focusing on PNG LNG project and other LNG developments, major new gas discoveries and other exploration.
Potential new gas developments will include InterOil, liquid stripping/LNG project in the Gulf province, Pandora offshore project, Stanley gas recycling/liquid stripping and gas aggregation in the Western province.
O’Neill will give the opening address on the importance of the resource sectors to the growth of the nation.
Mining Minister Byron Chan will talk about PNG mining success story and potential for new projects.
Other leaders and experts from the mining and petroleum industry will also talk about current and future developments in the sector.