Thiswill be the first nuclear plant export for the Japanesecompanies. BCL chairman Barry Cusacktold the annual general meeting of shareholders in PortMoresby that divestment was among the options to be consideredfor the mine, which ceased production in 1989 as a result ofsecessionist activities on Bougainville. After 10 years ofstudies aimed at returning to production on Bougainville, thedirectors believe it is time to investigate alternatives.
Brazil is the second country to sign sucha guarantee with Korea after Thailand.
The guarantee isexpected to lessen anxiety among exporters in the twocountries in the wake of financial crises in Asia andLatinAmerica, a ministry official said. The ratings outlook is stable. The radio receiver is designed to communicate voice and data simultaneously, channeled through three satellites owned by World Space. The project, initiated by China Telecom, is scheduledto begin operation by the end of this year. In contrast, the averagesales revenue for 400 other companies totalled 912.2billion won, up 12.3 percent, but average net loss widened to4.2 billion won from 1.3 billion won in the previous year.