The National aka The Loggers Times
THE two mining projects in the Sepik provinces will bring maximum benefits, Minister for Trade, Commerce and Industry Richard Maru said..
The Freida River mine at the border of West Sepik and East Sepik and the recently explored Alexander Mine, East Sepik, had drawn excitement from among the people of the two provinces.
Maru, who was in Wewak recently, said Alexander mine was now in its third phase of exploration.
“We are just waiting for three drills to be put in the respective locations.
“Two drills to be put at West-Yangoru and one at Ulupu, Marprik,” Maru said.
“In Sepik, we are looking forward to one of those two major mines.” Alexander Mining Ltd, the PNG-registered Canadian-owned company, was issued an exploration licence early last year to work in the Prince Alexander range.
Exploration licence (ELA 1857) was approved by Mining Minister Byron Chan and was presented to James Das, the managing director.
The company was to begin exploration in the licence area extending from Wamaina in Yangoru to Nagipaim in Maprik.
The site was known for its activities in alluvial mining and holds the potential to host some high grade gold and other minerals.
Maru said he was informed that there may have already been a buyer for Frieda project.
He said it is about time the Sepik provinces started to contribute to the country’s economy.
“We can’t just be recipients and only contribute politically … we have to give real economic contributions to this country as well,” Maru said.