PORT Moresby, Papua New Guinea - Only four Observers have been reported missing in foreign fishing vessels and not 18 says the country’s fisheries and marine resources minister, Patrick Basa. He made the clarification in response to assertions by East Sepik Governor Allan Bird that up to 18 Papua New executive Mike Johnston says. Johnston said that the company was working with its financial advisers to find the additional financing.
During a recent meeting with the Mining Minister Johnson Tuke, Johnston said: “For the project, the final capital we need to raise an additional roughly about US$250 million. And then there is working capital and exploration that we intend to do which brings it up to about US$300 million. That’s the final capital,” Johnston said. Meanwhile, the company is confident that the Solwara 1 project will go ahead as planned. Johnston said the project is set for production next year.
Fiji retired teachers off to Kiribati Suva, Fiji - Ten retired teachers will soon leave for Kiribati to work for two years under the Fiji Volunteer Services Scheme. This is after the signing of a memorandum of agreement between the Fijian government and the government of Kiribati last month.
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