23 May 2006

HPL reveals ambitious growth plans

9:50 am on 23 May 2006

The mining company, Highlands Pacific Ltd, has outlined its ambitious growth plans over the next few years, including a big expansion of the Kainantu gold mine in Papua New Guinea.

Its chairman Robert Bryan made the announcement at the company's annual general meeting in Port Moresby last Friday.

Mr Bryan says part of the program includes plans to boost gold production at Kainantu.

And, he says the construction of the Ramu nickel-cobalt mine will start later this year,

with production targeted for 2009.