Papua Piping Progress

<a href="http://www.thenational.com.pg/1101/business1.htm">http://www.thenational.com.pg/1101/business1.htm</a>

Article quote below:

The mechanical erection contractor has now been mobilised.

Steam field piping is on site and pipe support construction is in progress, he said.

The design for the power station is being done in New Zealand, where there is a lot of expertise in this area. The bulk of the equipment is coming form the United States.

Mitigation by use of geothermal power is crucial with work to complete the 30 megawatt facility and confirm additional capacity being given top priority," said Mr Swan.

He said on current prices, annual savings of over US$13 million (K41 million) or approximately US$21 per ounce of this quarter’s cash costs would be derived from the 30-megawatt facility once it is fully operational in tanderm with the existing six megawatt plant.

Geothermal energy on Lihir is in the form of hot liquid trapped in the rock several hundred metres underground. Received on Wed Nov 03 20:51:00 2004