Kula Gold Mine announced yesterdaythe appointment of formePNG Mining Minister Mr Sam Akoitai tothe board of its wholly owned Papua New Guinea(PNG) subsidiary Woodlark Mining Limited,the holder of its 100% Woodlark Island Gold Project.
Mr Akoitai is already a member of Marengo Mining’PNG’subsidiary and is also onthe board of Australia listed Pacific Niugini. Formerly he was a member of Parliament oPNG from 1997 until 2007serving firstly as Minister for Beuganville Affairs (1997-2000)and subsequently as Minister for Mining from 2002 to 2007. Mr Akoitai also implementedthe establishment oPNG’s Mineral Resources Authority (MRA),the statutory authority which now regulatesthe mining industry inthe Country.
“Mr Akoitai’s appointment brings a wealth of experience tothe Kula Gold group through his early career working inthe mining industry, his parliamentary career as implementer of sound mining regulations and his subsequent board positions with mining development and exploration companies. His depth of knowledge will contribute greatly tothe Woodlark Island Gold Project as it movers throughthe final permitting stages to construction and operations.” Kula said.
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