With strong production numbers and promising drilling results, the Ramu nickel-cobalt mine in Papua New Guinea is heading for a bright future – and expansion is on the cards. Business Advantage PNG talks to its two venture partners as the mine celebrates 10 years of production.
CEO Survey reveals the outlook for Papua New Guinea business in 2023
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14 Mar 2023 by Leave a Comment
The Business Advantage PNG/Westpac PNG 100 CEO Survey has asked the CEOs of Papua New Guinea’s largest companies for their profit, investment and recruitment expectations for 2023. It also asked them to name the top impediments facing their businesses. Here are the results.
Papua LNG project moves to FEED stage: what’s next?
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7 Mar 2023 by 1 Comment
The TotalEnergies-led Papua LNG gas project in Papua New Guinea has officially entered its FEED [front end engineering and design] stage – the last major stage before the $US10 billion project is given a green light. We look at what happens next.
Regulatory overhaul to turbocharge capital market growth in Papua New Guinea
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3 Mar 2023 by Leave a Comment
Proposed amendments to the laws governing Papua New Guinea’s capital markets aim to open up the market to more ways of raising capital and strengthen governance in the sector.
Five questions for Jon Philp, Australian High Commissioner to Papua New Guinea
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1 Mar 2023 by Leave a Comment
One of Papua New Guinea’s major trading partners, Australia has continued to increase its support for the country’s economic development, especially in infrastructure. Business Advantage PNG asks Jon Philp, Australia’s High Commissioner to PNG, about the intent of Australia’s aid program in PNG and its priorities.
Business-as-usual: Webuild is Lombrum Naval Base’s new head contractor
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17 Feb 2023 by 1 Comment
The K146 million redevelopment of Lombrum Naval Base in Manus Province is one of the significant infrastructure projects recently acquired by Italy’s Webuild for A$39 million (K94.3 million), following mounting financial problems confronting Australian engineering and construction group, Clough.
In brief: Barrick urges Papua New Guinea to complete all processes to reopen Porgera and other business stories
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15 Feb 2023 by Leave a Comment
Barrick’s CEO addresses delays in the reopening of Porgera mine, rice farming potentially back on the table after a visit from a Filipino delegation and PNG LNG’s contribution to the State. Your business news in brief.
Bumper cocoa crop to define 2023, says key exporter
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15 Feb 2023 by 1 Comment
There are expectations of a bumper cocoa crop in 2023, according to the new CEO of Papua New Guinea’s largest cocoa exporter, NGIP Agmark. However, Steven Nightingale tells Business Advantage PNG that profitability will depend on tighter control of rising costs.
Massive Kainantu mine expansion reaches next phase: K92 CEO
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1 Feb 2023 by 1 Comment
With a ten-year extension to its mining lease secured, K92 Mining is moving to the next phase of its project to transform the Kainantu mine. Business Advantage PNG spoke with CEO John Lewins about the vision to create a world-class gold mine.
Newcrest approves Lihir mine expansion in Papua New Guinea
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1 Feb 2023 by 2 Comments
Newcrest Mining has approved a A$280 million (K696 million) expansion of its Lihir mine, following board endorsement of its Phase 14A feasibility study. The decision is set to deliver higher gold production and may extend mine-life.
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