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Swift Water Rescue Training, a PNG first - Morobe Mining Joint ...

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Winima Investment Limited expand business<br />

Prudent business management can lead to significant<br />

business growth in a short period of time.<br />

Winima Investment Limited (WIL), one of the three principal<br />

landowner companies of the Hidden Valley mine in the Bulolo<br />

District has shown that it can be done.<br />

On May 11, WIL commissioned a new truck to be used by<br />

the Hidden Valley mine through a lease arrangement.<br />

WIL came into operation in 2004 but from that year to<br />

2008, it did not have any capital to venture into any business<br />

deals untill 2009 when it received a K100, 000 <strong>first</strong> dividend<br />

payment from its umbrella company NKW Limited. With that<br />

money, WIL leased <strong>first</strong> two vehicles to the mine and later a<br />

Moxie truck. The fruit of these investments resulted in the<br />

direct purchase of the Isuzu truck at a cost of K190, 000.<br />

With commitment to see the business grow, the four<br />

directors of the company, one of whom is Waba Yawing<br />

(Junior) worked tirelessly and at the end of 2009 brought the<br />

value of WIL to K131, 000. In 2010 WIL was valued at K160, 000<br />

and last year it made a significant increase to K390, 000.<br />

Mr Yawing said this year; WIL is looking at expanding while<br />

running its affairs efficiently in terms of financial management<br />

and reporting to help grow the business further.<br />

He thanked HVJV, landowner association NAKUWI, NKW<br />

and the government for their support to get WIL to where it<br />

is now. “To achieve many more good things, we have to work<br />

together with HVJV, NAKUWI, NKW and the government,” he<br />

said.<br />

HVJV’s Community Affairs Manager, Stanley Komunt and<br />

Community Negotiation Manager, David Masani also stressed<br />

the importance of working in partnership.<br />

GROWTH & DIRECT BENEFIT: HVJV Community<br />

Negotiation Manager, David Masani handing over<br />

the keys to WIL Director Waba Yawing (Junior)<br />

witnessed by members of the Winima community,<br />

WIL and NAKUWI Executives and Government &<br />

MMJV representatives;<br />

Below: Women and children from the Winima<br />

village beside the new truck.<br />

Both said HVJV is committed to assisting the landowners<br />

but the onus was on the investment companies to manage<br />

their companies wisely to see it grow.<br />

Like any company, WIL has plans for the future and its<br />

immediate goal is to increase its value to K500, 000 by the end<br />

of this year.<br />

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