Gold

The event signifies that it will be 'all systems go' come July when full operations are expected to commence.

Marape was on-site accompanied by the Governor for Enga Province Sir Peter Ipatas, Mining Minister Muguwa Dilu, Member for Laiagap Amos Akem, Country Manager for Barrick Niugini Limited Karo Lelai, Managing Director of the Mineral Resources Authority (MRA) Jerry Garry, and Managing Director of Kumul Minerals Holdings Limited (KMHL) Sarimu Kanu.

Fifty-nine-year-old Kenneth James West from Brisbane, Australia, was arrested and charged with one count of false pretense and another count of misappropriation – both under the Criminal Code Act.

According to court documents, the complainant, Mark Roland of Packit Industrial Packaging, made agreements for the accused to buy alluvial gold in PNG and export to Australia on a monthly basis.

Police alleged that the complainant was expecting gold in return for his K800,000 investment but did not receive anything in February and March.

Cook Island’s Patricia Taea has set the first record for her country, winning gold in the Women’s 200m race beating Pacific Champion Toea Wisil from Papua New Guinea in a time of 24.16 seconds.

Wisiltook silver in 25.13 seconds, while her teammate Afure Adah won the bronze medal.

There was high expectation from the crowd for Wisil to get the win but the screaming faded as Taeacrossed the line first in the surprise result.

Taea was elated with her victory.

According to PNGindustrynews.net, gold took a hit while nickel, copper and iron ore are all on the rise.

It is reported that gold is usually the safe harbour in times of turmoil, however it is not known what the cause for the end-of-week dip is.

PNGindustrynews.net says it is inexplicable that gold took a hit in the light of widespread commentary that the election of Donald Trump as the next US president was one of the riskiest decisions made by Americans this century.

Biles, 19, had been tipped to scoop a record five golds at Rio, but lost her footing after a somersault and had to grab the beam with both hands to save herself from falling off.

She still claimed bronze, but it was 24-year-old Wevers who won the top prize - the Netherlands' first women's individual gymnastics gold.

Biles' fellow American, Laurie Hernandez, won silver.

Biles, a double world champion on the beam, will be back tomorrow morning when she will be favourite to win the floor exercise.

Datta Phuge shot to the limelight in 2013 when he bought a shirt made with more than 3kg of gold and worth $250,000 (£186,943).

A money lender based in western Pune, Mr Phuge was called "the gold man".

Four persons have been detained for questioning. Police suspect a dispute over money have led to the murder.

The police said some 12 people attacked Mr Phuge, 48, in Pune on Thursday night.

Pini set a new national record winning the men’s 50m butterfly in a time of 23.67, beating his own record of 23.77, which he recorded at the Australian Championships last year. 

He finished just ahead of Daniel Lester who hit the wall in a time of 23.72 followed by David Morgan who posted a 23.76.

Cameron McEvoy, who was the top qualifier in the prelims posting a time of 23.57, did not swim in yesterday evening’s finals.

The price of the metal, which is often seen as a hedge against inflation and a weak dollar, slumped to its lowest in five years on Monday.

The dollar has rallied in recent months, diminishing the allure of holding gold. The U.S. economy has been on firmer footing, and tumult in China's markets and Greece's debt crisis have failed to restore gold's appeal as a safe haven.

He beat Australia’s Francois Etoundi whose attempt to lift 165kg failed. He however succeeded in lifting 166kg.

Udia is now the champion of the 77 kilograms category in the men's weight lifting at the 2015 Pacific Games.

Scoring 302kg Udia also bagged gold for the overall category.

In snatch he took the silver medal while Australia won the gold and the bronze medals.

After failing to lift a bar in the snatch, Toua hit the winning note with a first successful lift of 103kg, clearly claiming Gold when Australian lifter Erica Yamasaki failed her 103kg lift.

Toua lifted the 105kg and 110kg bar, and the home crowd went wild.