NGG spin-off to accelerate Simuku development

TORONTO-BASED New Guinea Gold has reaffirmed plans to spin-off its Simuku project and its 75% interest in the Mt Nakru project, both copper-gold-molybdenum plays in PNG, into a new company, as previously mooted in November last year.

08 February 2007
comments
share

At that point, the plan was to “re-organise” its 10 gold and two porphyry polymetallic assets, all in PNG, into a new streamlined company and two spin-off companies to better realise the projects’

PNG's leading resources sector news service

Subscribe today and enjoy full access to PNGReport.com - the most comprehensive source of news on PNG's resources sector and related industries in the country and wider region.