HIG 0.00% 10.5¢ highlands pacific limited

The article from The Australian newspaper reads as follows."How...

  1. 230 Posts.
    The article from The Australian newspaper reads as follows.

    "How long before someone - Xstrata or the Chinese, most likely - decides to take out Highlands Pacific (HIG) by christmas the gian chinese owned Ramu project in Papua New Guinea will be operational, and HIG has an 8.56 per cent stake in a mine that will be producing 31,500 tonnes of nickel and 3,300 tonnes of cobalt a year. It also has 16.9 per cent of the huge Frieda copper-gold deposit in PNG. Xstrata is spending $US36m this year alone on Frieda, a project that is expected to produce 160,000 tonnes of copper and 240,000oz of gold a year. HIG is capitalised at $68.5m and has $28m in the bank"
 
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Currently unlisted public company.

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