Zitat/Auszugsweise:
"......Nautilus Minerals says it is ready ramp up its deep-sea copper and gold exploration project after an international arbitrators ruling on its dispute with the government of Papua New Guinea.......
GARRETT: You expect the Papua New Guinea government to pay US$118 million by 23rd October. How sure are you that it will pay up by the deadline?
JOHNSON: Well, the arbitrator's decision is legally binding and it is final so the state must abide by his ruling and meet its obligations under the state equity options agreement that it signed back in May 2011, I think it was.
GARRETT: Have you spoken with PNG government Ministers or senior officials since the arbitration to find out whether they are actually on the case and will be able to pay by the deadline?
JOHNSON: Yeah, I have spoken to officials in Treasury and they are working to meet their obligations so yep!
GARRETT: So you are confident you will get the money?
JOHNSON: Well, we are confident that the state will meet its obligation.
GARRETT: By the deadline?
JOHNSON: Yeah, we have a deadline of the 23rd. The state, in my discussions with them last week the State was working to meet its obligations by the due date so..
GARRETT: What happens if PNG doesn't pay up by the deadline?
JOHNSON: Well, it is a legally binding obligation on the state.
GARRETT: I guess you can't put them in prison. What are the consequences of not paying up?
JOHNSON: (laugh) Oh! You know, like I said the decision is legally binding on the state.
GARRETT: How damaging has the dispute been to the project?
JOHNSON: Well, we have managed to keep the project on track and continue with the build but yes, definitely, it has had an impact on our company, that is for sure, and on the project because delays ultimately result in increased cost. We were tracking very well with the project early on and we are still, with the three main contracts we have managed to keep going , we have managed to track to a revised schedule on those but any delays, generally, in the mining industry result in increased cost.
GARRETT: Has this dispute risked the commercial viability of the project?
JOHNSON: No! .......................
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