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Papua New Guinea state fails to wrest control of US$1.4b stake

Papua New Guinea state fails to wrest control of US$1.4b stake

The government of Papua New Guinea (PNG) has lost its protracted battle in the Singapore High Court to wrest control of an entity with assets worth about US$1.4 billion (S$1.8 billion) that were spawned from a deal inked with the "largest mining company in the world".

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Unincorporated Associations and Trade Unions — Friendly Societies

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