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Newmont to list in Papua New Guinea as Newcrest acquisition is finalised

25 Oct 2023 by 1 Comment
Newmont Corporation's acquisition of Newcrest Mining, which owns the Lihir gold mine in Papua New Guinea, and is one of the partners in the Wafi-Golpu copper-gold joint venture, is set to be completed in coming days. Business Advantage PNG considers what will happen next.
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Better times ahead on foreign exchange, says Bank of Papua New Guinea Acting Governor

11 Oct 2023 by 2 Comments
September was another tough month for availability of foreign exchange in Papua New Guinea, but central bank Acting Governor Elizabeth Genia has moved to reassure business that the bank is committed to supporting the kina as it adjusts to a lower level against the US dollar. She's also flagging better times ahead on forex.
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Private sector investment targeted to redevelop Papua New Guinea state assets

13 Sep 2023 by 4 Comments
Some key Papua New Guinea state assets, including the site of Port Moresby's old port, are being readied for redevelopment, with private sector investment being sought. The move is being guided by a new investment strategy from state holding company, Kumul Consolidated Holdings.
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Conference catches Papua New Guinea of the cusp of a new era of investment

21 Aug 2023 by Leave a Comment
Investment and partnership opportunities were a focus at this year's 2023 Business Advantage Papua New Guinea Investment Conference in Brisbane, with numbers exceeding pre-COVID levels.
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No hard devaluation of the kina, says Bank of Papua New Guinea Governor

21 Aug 2023 by Leave a Comment
With a new strategy to manage Papua New Guinea's foreign exchange shortages expected soon, the Bank of Papua New Guinea's Acting Governor, Elizabeth Genia, has moved to reassure business leaders that a devaluation of the country's currency is not on the cards.
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In brief: Papua New Guinea’s Mid-Year Economic and Fiscal Outlook shows inflation slowing, and other business stories

17 Aug 2023 by Leave a Comment
Papua New Guinea's Mid-Year Economic and Fiscal Outlook shows inflation slowing, Airbus wins race to replace Air Niugini fleet, while Securities Commission revokes Melanesian Trustee Services Limited's trustee license. Your business news in brief.
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Work begins on Kumul Petroleum’s world-class fabrication facility in Papua New Guinea

1 Aug 2023 by 5 Comments
Kumul Petroleum’s plan to manufacture large-scale infrastructure components for major resources projects in Papua New Guinea has taken a major step forward, following the signing of construction contracts for a US$100 million (K358 million) fabrication facility outside Port Moresby.
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