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Highlands Pacific Limited (HIG)
Highlands Pacific Limited (ASX: HIG) is a mining company with emerging copper/gold and nickel/cobalt projects in Papua New Guinea with major global partners including Xstrata Copper and China Metallurgical Construction Corporation (MCC). The flagship project is the Frieda River copper/gold project (18.18% HIG, 81.82% Xstrata Copper). HIG has an 8.56% interest in the Ramu nickel cobalt project with an option to move to 20.55%. It also has a 100% interest, subject to a claw back by Xstrata to 72%, in the Star Mountains copper exploration project near Ok Tedi where drilling is currently underway.
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