Malaysian company to log forests on Bougainville
According to a Malaysian media report a Sabah-based company called Priceworth International has signed a contract to log and clear forests in the Buin district on Bougainville: Priceworth inks logging services deal in PNG
The report says Priceworth International has entered into the agreement with PME Niugini Ltd and will provide services for logging and clearing in the Tonolei Block One Forest Area.
Priceworth International claims to have signed both a Memorandum of Understanding and Memorandum of Agreement with PME, a company incorporated in PNG. PME claims it has a Forest Clearance Authority which gives it the rights to clear the forest.