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PNG Buys 30% Share In Seafloor Mining Venture

Monday, 21 March 2011 10:03 administrator
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The Government of Papua New Guinea has confirmed that it intends to take up a 30% stake in the Solwara 1 project in the Bismarck Sea in Papua New Guinea (PNG).

Nautilus Minerals will retain a 70% holding in a joint venture to be established with the PNG Government. In a letter to Nautilus, PNG Treasurer Peter O’Neill said the Ministerial Committee on Economic Sectors and the National Executive Council (NEC) had endorsed a recommendation that the State exercise its rights to 30% equity in the a joint venture.

Read Full Article (Source: Australian Journal of Mining)

Last Updated on Monday, 21 March 2011 10:09  

Newsflash

Honiara, Solomon Islands – In Honiara last week, the Secretariat of the Pacific Community (SPC) led training to develop 21 new Emergency Response Team trainers for the Solomon Islands.

The participants engaged in eight days of training on the various activities Emergency Response Teams are expected to perform and also learnt how to provide this training to other personnel in their respective Provinces or organisations.

The training reflects collaboration at the local, regional and national levels with SPC and the International Federation of Red Cross and Red Crescent Societies (IFRC), working together to prepare the training materials, which were reviewed by the Solomon Islands Red Cross Society (SIRCS) and National Disaster Management Office (NDMO)  before being delivered to participants representing Red Cross and Solomon Islands Government at the provincial level, as well as NGOs such as Oxfam, Save the Children and World Vision.

Following the training, participants will receive support from Red Cross and the NDMO to provide multi-agency Emergency Response Team training in their home provinces.

In opening the training, the Secretary-General of Solomon Islands Red Cross, Joanne Zoleveke, and the Director of the NDMO, Loti Yates, challenged participants to take the opportunity afforded by this training to strengthen relationships between partners and to prepare to co-deliver Emergency Response Team (ERT) training at a provincial level.