News

Business-as-usual: Webuild is Lombrum Naval Base’s new head contractor

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.
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In brief: Papua New Guinea’s banking sector gets ready for more competition and other business stories

Central Bank awards in principle banking licence to Credit Corporation, Japanese delegation visits proposed Special Economic Zone locations in Papua New Guinea, and Newmont's proposal to combine with Newcrest Mining. Your business news in summary.
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In brief: Barrick urges Papua New Guinea to complete all processes to reopen Porgera and other business stories

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.
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In brief: Barrick urges Papua New Guinea to complete all processes to reopen Porgera and other business stories

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.
Read More

People moves: Bank of Papua New Guinea, PNG Chamber of Mines & Petroleum, Nambawan Super, OTML, Credit Corp, IFC

Central bank welcomes a new Acting Governor, the Papua New Guinea Chamber of Mines and Petroleum farewells Executive Director, Nambawan Super gets new board member, changes at Ok Tedi Mining, and Credit Corp announces staff changes.
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