Mayur Resources’ first three mineral projects in Papua New Guinea are now ‘shovel-ready’ and ready for financing, according to a letter to investors issued by Managing Director Paul Mulder this week. Mayur’s low share price remains an issue, however.
‘Shovel-ready’: Mayur Resources’ three projects in Papua New Guinea ready for finance
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13 Jul 2022 by 1 Comment
Supply chain causing major stress for Papua New Guinea’s businesses
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13 Jul 2022 by 1 Comment
Global supply chain issues are having a major impact on many businesses in Papua New Guinea. Business leaders tell Business Advantage PNG that delivery delays and higher costs are causing some projects to be slowed or even postponed in key sectors. There are signs, however, that the global situation is improving.
In brief: Papua New Guinea’s Misima project goes for gold and other business stories
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12 Jul 2022 by Leave a Comment
Kingston Resources announces strategic review of Misima gold project, Digicel takes PNG Government to court as Telstra takes control, and direct flights to Fiji and Solomons return. The business news you need today.
People moves: MiBank, Coppermoly
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11 Jul 2022 by Leave a Comment
MiBank announces new Chairperson, new CFO at Coppermoly.
People moves: International Finance Corporation, Steamships, Credit Corporation (PNG), FX Business Centre
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6 Jul 2022 by Leave a Comment
The International Finance Corporation (IFC) announces new Country Manager for the region, Steamships welcomes Corporate Affairs Head, Credit Corporation (PNG) appoints new board member and a new General Manager joins FX Business Centre.
Papua New Guinea’s cash-strapped power sector looks to reforms
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6 Jul 2022 by Leave a Comment
Papua New Guinea’s independent power producers are owed in excess of K200 million by state utility PNG Power, which itself is facing revenue challenges, according to industry association, IP3. The situation is being made worse by rising global fuel costs.
In brief: World Bank to fund new agriculture project in Papua New Guinea and other business stories
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4 Jul 2022 by 1 Comment
The World Bank announced new program and generous funding for Papua New Guinea agriculture sector, call centre launched for the 2022 elections and the Civil Aviation Development Investment Program eyes phase 2. The business news you need today.
St Barbara opts for ‘strategic review’ of Simberi mine in Papua New Guinea
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29 Jun 2022 by Leave a Comment
Australian miner St Barbara has deferred an expected final investment decision on expanding the Simberi mine in Papua New Guinea and has announced a strategic review into the mine that could see it sold.
In brief: PNGEITI head says Porgera needs to reopen soon and other business stories
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29 Jun 2022 by Leave a Comment
Calls for the reopening of Porgera gold mine and compensation, BSP Financial Group Ltd files a Supreme Court reference on new income tax, and Lae City to get a new market. The business news you need.
People moves: Air Niugini, Judicial and Legal Services Commission
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29 Jun 2022 by 1 Comment
Papua New Guinea’s national airline welcomes new General Manager Commercial and the Judicial and Legal Services Commission extends terms.
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