From yesterday’s article in the National newspaper of PNG.
I know it’s not popular to say that $2 million for all our tenements was too cheap... but it will he interesting to see in the future who were the better negotiators.
“I believe that we have a future and a great opportunity to make Lole Mining a premier mining company in PNG in the future, going forward with its current portfolio of one mining lease (ML 104) and nine exploration licenses and applications, totaling 10 tenements including the tenements secured through the recent takeover of Frontier Copper PNG »
Still not known who the international investors are - presume they are associated with I Macpherson, through Howard Lole.
Looks good for the local population (happy for them), and for PM Marape’s “get PNG back” policy .. but ??
Link = https://www.thenational.com.pg/local-company-given-10-year-licence-to-mine-at-tolukuma/
From yesterday’s article in the National newspaper of PNG.I know...
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