For the first time in PNG history, we hear of economic growth being proclaimed for a straight seventh year on the run. With recent increase in economic activity, growth is calculated at 6 – 7%. The Kina is gradually appreciating against other currencies. Surprisingly, this is before other major mining developments come into play including the Ramu Nickel/Cobalt mine in Madang, the Hidden Valley gold mine in Wau, and the LNG project from Southern Highlands and Gulf. When these projects come aboar…
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Posted on October 16, 2008 at 8:19am —