Action... at last... got to be good. Someone is going to want in.
http://www.pngindustrynews.net/storyview.asp?storyID=9201567§ion=Search§ionsource=s2377 OK TEDI mine owner PNG Sustainable Development Program might consider buying a considerable stake of the Xstrata Copper-led Frieda River project in Papua New Guinea, going by its favourable views of the project.
Now is this distinct from the PNG government interest?
http://www.theaustralian.com.au/business/companies/mmg-still-hungry-for-big-resources-acquisitions/story-fn91v9q3-1226683408231 CHINESE government-backed mining house MMG says it continues to enjoy a mandate to acquire assets in the resources sector, with recent weakness across the industry opening up opportunities priced "closer to the bottom of the market".
Hmmmm... I wonder...
HIG Price at posting:
8.7¢ Sentiment: LT Buy Disclosure: Held