valuation, page-22

Interesting article on PNG today. Freida gets a mention as does Ramu (flattering comments about its community programs). I took it all as quite positive.

http://www.theaustralian.com.au/business/mining-energy/gas-fuels-papua-new-guineas-growth/story-e6frg9df-1226691070579

He says of the $5.6bn Frieda River copper-gold project, for which 81.82 per cent owner Glencore Xstrata has been looking for buyers: "We understand the owners do not wish to develop any greenfields projects.

"We also know that the government at the same time needs to intervene to ensure the project continues to be developed, so it can reach full production potential."

But the government will consider its involvement in Frieda River later, after the issues swirling around Ok Tedi -- where the government has intervened strongly to challenge the policies and ownership structure of the controlling trust, the Sustainable Development Program -- have been resolved.

O'Neill says: "There is no point in jumping ahead of ourselves."