The Business Advantage PNG editorial team was among the delegates at the 2024 Papua New Guinea Investment Week (formerly the Papua New Guinea Resources & Energy Investment Conference) in Sydney, held from December 8-11. Here are our top five takeaways from the event.
Ok Tedi eyeing extension of mine life to 2050
Welcome,
12 Dec 2024 by 2 Comments
Kumul Minerals is planning a bright future for Ok Tedi, PNG’s oldest and largest producing mine. Managing Director Sarimu Kanu shares the plans with Business Advantage PNG.
Papua New Guinea’s 2025 National Budget: what’s in it for business?
Welcome,
4 Dec 2024 by Leave a Comment
In a repeat of last year, the 2025 Budget delivered by Papua New Guinea Treasurer Ian Ling-Stuckey outlines record spending and revenue. It also contains a few policy surprises, including a proposed reduction to the company tax rate paid by commercial banks as well as easing of a key paperwork requirement for obtaining foreign exchange.
TotalEnergies country head ‘very confident’ of Papua LNG final investment decision date
Welcome,
4 Dec 2024 by Leave a Comment
Could Papua New Guinea’s second gas project get the green light in 2025? In an exclusive interview with Business Advantage PNG, Arnaud Berthet, Managing Director of TotalEnergies EP PNG, outlines the Papua LNG project timeline and the activities left to complete on the road to FID.
Juniors look to lead mineral exploration turnaround in Papua New Guinea
Welcome,
25 Nov 2024 by Leave a Comment
Spending on mineral exploration in Papua New Guinea has plummeted in the past five years, according to the country’s Mineral Resources Authority. But juniors such as Canterbury Resources and Adyton Resources believe they have found the way forward.
Bank of Papua New Guinea issues new directive on forex order priorities
Welcome,
19 Nov 2024 by Leave a Comment
Authorised foreign exchange dealers must fully clear essential trade and services orders before executing any orders for non-essential items such as dividends, under a new directive issued by Papua New Guinea’s central bank. Business Advantage PNG finds out what this means for businesses.
Land titles in Papua New Guinea’s breadbasket ‘open gates’ to agriculture investments
Welcome,
19 Nov 2024 by Leave a Comment
Papua New Guinea’s Morobe Province recently issued titles to landowner groups for a small percentage of the fertile Markham Valley. Grow PNG’s David Stewart tells Business Advantage PNG that this has sparked interest from third-party investors in what could become a case study for the development of the country’s agriculture sector.
PanAust plays long game on Papua New Guinea’s Frieda River project
Welcome,
14 Nov 2024 by 3 Comments
The US$7 billion Frieda River copper-gold project is one of the largest in Papua New Guinea’s development pipeline but may take another decade to come into production. Business Advantage PNG looks into why its developer, PanAust, considers it worth the wait.
LNG and metals look a strong bet for Papua New Guinea
Welcome,
6 Nov 2024 by Leave a Comment
The outlook is positive for the key commodity exports that will support Papua New Guinea’s resources sector in coming decades, including LNG, gold and copper. Business Advantage PNG speaks with the analysts to find out why.
Geopolitical tensions leading to increased donor investment in Papua New Guinea and Pacific: Lowy Institute
Welcome,
4 Nov 2024 by 2 Comments
Pacific countries like Papua New Guinea are increasingly becoming critical grounds for geopolitical competition, leading to higher investment from international partners, particularly in infrastructure, according to the Lowy Institute’s Dr Meg Keen and colleagues.
USD 0.251
AUD 0.3939
GBP 0.1966
EUR 0.2385
NZD 0.4333
JPY 38.07
SGD 0.3368
Recent readers’ comments