Mineral Resources Authority to prioritise Porgera and Wafi-Golpu, Papua New Guinea’s Forestry Industry struggling, and over K1.4 billion of new road contracts announced. The business news you need today.
‘Thumbs up’: Santos to list on Papua New Guinea’s stock exchange
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10 Dec 2021 by 5 Comments
Santos is listing on Papua New Guinea’s stock exchange, the PNGX, after its merger with Oil Search received the necessary final approvals. It will immediately become the exchange’s largest listing, providing PNG’s capital markets with a timely boost.
People moves: MSME Council, Electoral Commission
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8 Dec 2021 by Leave a Comment
New Executive Officer at MSME Council and PNG’s Electoral Commissioner confirmed.
Oil Search’s shareholders vote overwhelmingly to merge with Santos
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7 Dec 2021 by Leave a Comment
Oil Search’s shareholders have voted overwhelmingly to approve its merger with fellow petroleum and gas company Santos at a special shareholders meeting. With National Court and ICCC approval also received, the way is clear for the creation of a A$23 billion (K56.88 billion) resources company.
In brief: new resources projects moving forward Prime Minister Marape tells resources industry and other business stories
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6 Dec 2021 by Leave a Comment
New resources projects moving forward, Prime Minister Marape tells resources industry, Fortescue’s CEO visits the Purari hydropower project and the ADB welcomes changes to Kumul Consolidated Holdings legislation. The business news you need today.
People moves: OTML
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1 Dec 2021 by Leave a Comment
Mine Maintenance appointments at Ok Tedi Mining Limited (OTML).
In brief: Kina Bank announces new branches in Papua New Guinea and other business stories
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1 Dec 2021 by 1 Comment
Kina Bank to open new branches in Papua New Guinea, Minister for Information & Communication Technology launches new ICT plan, and Nambawan Super starts construction of Waigani office complex. The business news you need today.
Papua New Guinea’s 2022 National Budget: what’s in it for business?
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1 Dec 2021 by 1 Comment
The 2022 National Budget is a ‘big-spending budget’ aimed at stimulating economic growth. At a special online briefing held this week, Business Advantage PNG‘s readers heard from three experts on its likely impact on business.
In brief: Taking back Papua New Guinea’s forestry sector and other business stories
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24 Nov 2021 by 1 Comment
Forestry Minister unveils plans to ‘take back the forestry sector’, Minister for Fisheries says funding is needed for the Pacific Maritime Industrial Zone and the Chamber of Mines and Petroleum questions gold refinery and mint project in Papua New Guinea. The business news you need today.
Papua New Guinea’s 2022 Budget to address budget repair
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24 Nov 2021 by 3 Comments
Papua New Guinea’s Treasurer Ian Ling-Stuckey is expected to deliver his third National Budget tomorrow (Thursday), with a major focus on managing the country’s K6 billion budget deficit.
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