After the successful launch of its first dairy farm and the 9 Mile Highlands Produce Depot last year, Innovative Agro Industry has four major expansion projects underway for 2019. Business Development Manager, Gallit Tamir, tells Business Advantage PNG, they include a second dairy farm, a frozen French fries processing plant, and large-scale coffee, cocoa, grain, stock feed processing and poultry production projects.
Innovative Agro Industry planning four new agricultural projects in 2019
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22 Jan 2019 by 1 Comment
Twinza MD says offshore gas project in Papua New Guinea close to realisation
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22 Jan 2019 by Leave a Comment
Twinza Oil is getting closer to producing gas from the Gulf of Papua according to Managing Director Huw Evans. He has outlined ambitious plans for PNG’s first offshore hydrocarbons development.
Foreign exchange becoming more available, says BSP’s CEO Robin Fleming
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15 Jan 2019 by Leave a Comment
Robin Fleming, Chief Executive of Bank South Pacific – Papua New Guinea’s biggest bank – says foreign exchange availability is improving. In this exclusive interview with Business Advantage PNG, he also discusses BSP’s approach to risk, and its new digital offerings.
Canadian investment company Cobalt 27 acquires Highlands Pacific, and flags divestments
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15 Jan 2019 by 1 Comment
Canadian-listed company Cobalt 27 has acquired Highlands Pacific, principally for its interest in the Ramu nickel-cobalt mine in Papua New Guinea. The corporate play will mean divestment of non-core PNG assets.
Electrification Partnership beginning of new era for PNG Power
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12 Dec 2018 by 4 Comments
Carolyn Blacklock, the acting Managing Director of PNG Power, says the money that will come from the Papua New Guinea Electrification Partnership established at APEC will greatly assist the roll out of electricity. She says PNG Power has sharply increased the number of connections it is making and is aiming to concentrate on hydropower.
‘Fundamental change’ needed with Papua New Guinea state-owned enterprises
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11 Dec 2018 by 3 Comments
Kumul Consolidated Holdings, the holding company for Papua New Guinea’s state-owned enterprises (SOEs), has released its Year in Review. It says that 2018 has been ‘particularly difficult and challenging’ for the country’s SOEs and that a fundamental change is necessary if the enterprises are to expand.
APEC hailed by organisers as a success for Papua New Guinea despite tensions
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11 Dec 2018 by 2 Comments
Papua New Guinea’s hosting of APEC 2018 was a success, say three senior figures involved in its organisation. Ivan Pomaleu, PNG’s APEC Ambassador, suggests that the country achieved all of its goals in spite of the lack of a consensus within the group of 21 nations.
Dates and location set for 2019 Papua New Guinea Investment Conference
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4 Dec 2018 by Leave a Comment
The 2019 Business Advantage Papua New Guinea Investment Conference will take place on 19 and 20 August at the premium Shangri-La Hotel, Sydney, Australia.
Kainantu profitable and will have long mine life, says K92 CEO
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4 Dec 2018 by 3 Comments
Canadian miner K92 has found new ore and is ramping up its operations at its Kainantu mine in Papua New Guinea’s Eastern Highlands Province. In this exclusive interview, Chief Executive John Lewins tells Business Advantage PNG that the company is now profitable and has an anticipated mine life of over 15 years.
Papua New Guinea’s LNG capacity could double, says ExxonMobil SVP
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27 Nov 2018 by Leave a Comment
Neil Chapman, Senior Vice President of ExxonMobil, told the APEC CEO Summit earlier this month that LNG capacity in Papua New Guinea could double. He claimed the global shift to natural gas to reduce carbon emissions is favouring the industry.
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