In brief: Reopening Porgera ‘will have a more immediate restorative effect’ and other business stories

Foreign exchange pressures continue to escalate, the Executive Director of the Institute of National Affairs talks about the 'restorative effect' reopening Porgera could have, and Oil Search back on track.
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Total expected ‘shortly’ in Papua New Guinea to advance Papua LNG, says Kumul Petroleum MD

The signing of a fiscal stability agreement between Papua New Guinea and French oil major Total looks set to trigger the FEED phase of the multi-billion dollar Papua LNG project. Wapu Sonk, Managing Director of national oil company Kumul Petroleum, tells Business Advantage PNG the signing is expected within the next two weeks.
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In brief: Bougainville’s President ends speculations about the future of Panguna and other business stories

President Ishmael Toroama says Bougainville is not ‘colluding’ with third parties to reopen Panguna, new project to increase regional and international trade in the Pacific, and potential date for the launch of ISEZ’s project program.
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COVID silver linings: Bank of Papua New Guinea releases economic bulletin and not all is bad news

The Bank of Papua New Guinea has released its Quarterly Economic Bulletin for the March and June 2020 Quarters. It shows that the economy and government finances came under great pressure because of the COVID-19 lockdowns, but that the impact was uneven.
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In brief: Mineral Resources Authority commends K92 Mining for paying taxes and other business stories

K92 Mining sets example in the mining industry in Papua New Guinea, Australia commits funds to help PNG get COVID-19 vaccinations and latest survey on COVID-19's impact on the business community.
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Joint consultations on the future of Bougainville trigger speculation on the future of Panguna mine

A joint communique issued earlier this month by Papua New Guinea's Prime Minister James Marape and new Bougainville President Ishmael Toroama has committed them to moderated 'joint consultations' over the autonomous region's desired independence. It has again brought focus on the future of the island's massive Panguna copper and gold mine.
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