Freida Mine

PanAust Managing Director, Fred Hess, said this recently in Australia during the PNG Chamber of Mines and Petroleum Conference in Sydney.

Business Advantage PNG reports Hess saying the project is of national significance and will create many local jobs and open business opportunities.

However, he warned of the many challenges which include environmental conservation and the lack of infrastructure.

“There are no free lunches. We must be mindful of the risks of developing large scale projects.

The PM will be in Wewak and Yangoru-Saussia districts next Monday.    

Preparation on the ground had already commenced.

Preparations are progressing smoothly in the East Sepik Province as they prepare to receive the Prime Minister Peter O’Neill next Monday.

Projects that will get fundings are;

1.            Announce funding to complete the renovation and upgrading of the Wewak General (Boram) Hospital.

2.            Release initial funding for the revitalising of the Boram School of Nursing in preparation for the initial enrolments in 2017.