Mining millions:
p. 13 · Read in the full issue
Mining
Mining millions: how much are they worth?
HOW much can you give for something worth millions or possibly billions in return?
This question is being asked increasingly, particularly in Papua New Guinea. Landowners there claim CRA gave little for too many dividends. CRA says the deal got soured by dissidents and intruders to the agreement, and Doints to its contributions to the economy (story this page) The dispute has forced closure of two arge copper and gold mines at 3 anguna on Bougainville island in May, 1989, then at Mount Kare in the Highlands last January 9. The argument las reopened many tribal rivalries, )rought suffering and death to lundreds, and spurred investors to have lecono thoughts about how much they ire prepared to pay in security, royalties, hares and infrastructure.
Employees, like those at Vatukoula |old-mine in Fiji who saw a bailiff stoned o death in a confrontation last month page 21 ), must also be wondering iow high a price they will pay for a •igger share of the action.