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As January 10 recovery payments begin, Port Moresby businesses confront the consequences

2 Jul 2024 by Leave a Comment
Government funds to cover debris removal and business recovery have this week started to flow to businesses affected by the January 10 riots in Port Moresby. With funds for actual rebuilding still to be finalised, we talk to business leaders about the longer term consequences.
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Twinza Chair: Pasca A deal sets up ‘strategic alliance’ with MRDC

18 Jun 2024 by Leave a Comment
Last month, Twinza and Mineral Resources Development Corporation signed agreements which will see MRDC acquire a major stake in Pasca A, Papua New Guinea’s first offshore gas project. Twinza Executive Chairman Stephen Quantrill tells Business Advantage PNG the deal also paves the way for further cooperation.
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Newmont CEO affirms Wafi-Golpu ‘will be developed’

18 Jun 2024 by Leave a Comment
Newmont Corporation's Tom Palmer tells Business Advantage PNG that Papua New Guinea fits well within company’s strategy, but cautions that the prospective Wafi-Golpu copper-gold project will need to compete for capital with other projects in portfolio.
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Papua New Guinea’s ‘engine room’ seeing new investment, says Lae Chamber president

18 Jun 2024 by 2 Comments
In spite of the challenges, Papua New Guinea's second city, Lae, is experienced some significant new investments. Business Advantage PNG sits down with John Byrne, President of the Lae Chamber of Commerce, to discuss the state of play in the country's "engine room".
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Kumul Minerals head: Wafi-Golpu contract to be completed by mid-2024

4 Jun 2024 by Leave a Comment
Sarimu Kanu, Managing Director of state-owned miner Kumul Minerals Holdings, gives an update on the progress of the Wafi-Golpu mine project to Business Advantage PNG, and outlines the company's strategy to consolidate some of Papua New Guinea's smaller mining projects.
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