Papua New Guinea’s Prime Minister, James Marape, has insisted that the country’s proposed LNG projects, Papua LNG and P’nyang, will be dealt with as separate projects.
Split decision: Papua New Guinea government will not consider Papua PNG and P’nyang together
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9 Sep 2020 by 11 Comments
Papua New Guinea’s proposed new resources law aims to shake up old ownership models
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31 Aug 2020 by Leave a Comment
A new organic law defining how Papua New Guinea manages resource projects may soon be tabled in Parliament. It appears the main aim will be to change ownership and control of future projects, but will it spook international investors?
LNG prices bounce back
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31 Aug 2020 by Leave a Comment
LNG prices have surged clawing back earlier losses, while the oil price is steady and cocoa is also strong: Business Advantage PNG’s monthly overview of commodity and financial markets.
Government and industry debate the future of Papua New Guinea’s resources sector
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24 Aug 2020 by Leave a Comment
When it comes to Papua New Guinea’s resources sector, the government wants a better share of the rewards, but the industry is warning that the country is becoming a less attractive destination for investment.
Papua New Guinea’s budget challenges outlined in two new reports
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19 Aug 2020 by Leave a Comment
Two new reports have outlined the revenue challenges being faced by Papua New Guinea’s government in the face of the COVID-19 pandemic.
Investors give Misima miner Kingston Resources the tick of approval
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17 Aug 2020 by 3 Comments
Cashed-up Kingston Resources is expecting to complete a pre-feasibility study later this year for the Misima gold project in Papua New Guinea’s Milne Bay Province. With the gold price riding high, investors believe the project is a promising one.
Taxing time: Papua New Guinea needs to address ‘volatile revenue’, says ADB
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5 Aug 2020 by Leave a Comment
Papua New Guinea has a ‘tax mobilisation challenge’ if it is to deal with the financial challenges resulting from the COVID-19 crisis, according to a new Asian Development Bank report.
Foreign investment in Papua New Guinea falls as Minister flags new laws
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3 Aug 2020 by 6 Comments
Foreign direct investment into Papua New Guinea dropped in the first quarter of 2020, according to Investment Promotion Authority figures. Meanwhile, business expresses concern over proposed changes to PNG’s investment laws.
Metals, coffee and oil rebound: a silver lining for Papua New Guinea’s commodity and financial markets
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29 Jul 2020 by 1 Comment
The silver price takes off and LNG also surges. Coffee is also up sharply and oil is steady. Business Advantage PNG’s monthly overview of commodity and financial markets.
COVID-19 second wave in Papua New Guinea: what you need to know
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27 Jul 2020 by Leave a Comment
The number of Papua New Guinea’s COVID-19 cases has increased to over 60. In response, the country’s COVID-19 Pandemic Response Controller, David Manning, has issued new control measures in an effort to prevent further spread.
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