TAKE-OVER IN P.N.G.
(N.Z. Press Assn—Copyright) PORT MORESBY. March 12.
The Papua New Guinea Government is to take control of the rich O.K. Tedi copper deposit at the expiry hf the United States-based Kennecott Copper Company’s [ prospecting authorities at .midnight tomorrow, the Chief ! Minister (Mr Michael Somare) Announced today. ; The take-over decision, reported to the House of i Assembly, virtually acknowledged the irretrievable {breakdown of Government 'talks with the company on I formulating an agreement for mining.
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Press, Volume CXV, Issue 33791, 13 March 1975, Page 17
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77TAKE-OVER IN P.N.G. Press, Volume CXV, Issue 33791, 13 March 1975, Page 17
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