Papua Mining has been drilling in Papua New Guinea for six years and has some exciting prospects, according to Chief Executive David Price. He says the company is looking to grow aggressively—possibly in partnership with a larger player.
Papua Mining may seek ‘big brother’ to help develop Papua New Guinea prospects
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29 May 2018 by 3 Comments
Oil and gas prices are up: a monthly review of Papua New Guinea’s commodity and financial markets
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29 May 2018 by Leave a Comment
Oil and gas prices are rising but cocoa and silver are weaker. Business Advantage PNG’s monthly review of Papua New Guinea commodities and financial markets.
Foreign exchange restrictions will not ease in Papua New Guinea until new investment flows come, says ANZ MD
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29 May 2018 by Leave a Comment
The Managing Director of ANZ Papua New Guinea, Mark Baker, has said the foreign exchange restrictions are not likely to ease until a major new resources investment comes in. But in the interim he believes the Government is connecting well with business.
More details of Papua New Guinea’s APEC year revealed
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22 May 2018 by Leave a Comment
Major infrastructure upgrades, visits to Papua New Guinea’s region, and increased efforts to liberalise trade across the region are part of this year’s APEC Leaders’ Meeting in Port Moresby. Officials claim that the nation will be well prepared to benefit from hosting the event.
Wafi Golpu mine would be good for the wider Papua New Guinea economy, says executive
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22 May 2018 by Leave a Comment
The proposed Wafi Golpu mine will contribute to the diversification of Papua New Guinea’s economy, according to Craig Jones, Executive General Manager Wafi Golpu at Newcrest Mining. He told the Australia Papua New Guinea Business Forum in Brisbane that, if the project gets the go-ahead, it will help local agriculture.
Kumul Petroleum MD believes ‘step change’ needed to achieve electrification targets in Papua New Guiea
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22 May 2018 by 1 Comment
The Managing Director of Kumul Petroleum Holdings (KPH), Wapu Sonk, believes a ‘step change’ is needed in the electrification of Papua New Guinea. He argues that some gas production should be reserved for domestic production.
Mainland CEO outlines ambitious plan to diversify into new crops
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15 May 2018 by 4 Comments
Papua New Guinea agribusiness Mainland Holdings is launching into new agricultural sectors to reduce its reliance on imports. Chief Executive David Alcock told the Australia Papua New Guinea Business Forum that the company intends to grow sorghum and soya beans to use as stockfeed in partnership with local farmers.
ANZ economist claims Papua New Guinea on verge of boom
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15 May 2018 by 2 Comments
Papua New Guinea is on the verge of a resources boom, according to Kishti Sen, International Economist for the ANZ Banking Group. He told the recent Australia–Papua New Guinea Business Forum that the challenge is to manage the economic cycles.
Price of fish is biggest manufacturing challenge, says RD Tuna GM
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8 May 2018 by Leave a Comment
Managing volatility in the price of fish is R D Tuna Canners’ biggest manufacturing challenge, according to General Manager Erwin Ortiz. He tells Business Advantage PNG that the company intends to increase its storage capacity as part of its strategy to deal with price fluctuations.
Services trade and the digital economy the next focus for APEC, says Secretariat’s Executive Director
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8 May 2018 by Leave a Comment
APEC’s focus will be on the services trade and the digital economy, Alan Bollard, Executive Director of the APEC Secretariat, told the Australia Papua New Guinea Business Forum and Trade Expo in Brisbane last week. He said the APEC region now represents about half the world economy.
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