Stake for float
The second public offering of shares in the rich Porgera gold mine in the Papua New Guinea highlands is likely within six months with the float of MIM Holdings's 30 per cent stake. MlM's chairman. Sir Bruce Watson, said the company hoped to float its wholly-owned subsidiary Highlands Gold, one of three joint venture partners in the billion dollar project, before the end of the year. Porgera is regarded as one of the world’s richest gold finds with estimated reserves of 13 million ounces.
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Press, 12 June 1989, Page 28
Word Count
87Stake for float Press, 12 June 1989, Page 28
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