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Mining/petroleum

LNG prices have surged but oil prices move sideways: a monthly review of Papua New Guinea’s commodity and financial markets

28 Aug 2018 by Leave a Comment
LNG prices have jumped sharply and the cocoa price has been volatile. Business Advantage PNG’s monthly review of Papua New Guinea commodity and financial markets.
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Papua New Guinea’s Woodlark Island gold project to get go-ahead decision by year’s end

28 Aug 2018 by Leave a Comment
Milne Bay’s Woodlark Gold Project is likely to get the go ahead within the next three months, after developer Geopacific Resources assesses the definitive feasibility study which will be completed in Q3 this year. Managing Director, Ron Heeks, told Business Advantage PNG, if it goes ahead, production should commence in early 2020.
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Papua New Guinea LNG production predicted to double within 10 years, reports Fitch Research

14 Aug 2018 by Leave a Comment
Papua New Guinea’s LNG exports will more than double over the next 10 years, as a result of the planned expansion works, according to Fitch Solutions’ Senior Country Risk Analyst, Raphael Mok. But, he tells Business Advantage PNG, the government must address landowners’ backlash against royalty payments.
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Papua New Guinea mining rates ahead of several Australian states for attractiveness

24 Jul 2018 by 1 Comment
Research by the Fraser Institute shows that Papua New Guinea rates ahead of several Australian states for attractiveness for mining investment. Gavin Wendt, Founding Director of resource analyst Minelife, says statements from Kumul Mineral Holdings' Chairman Peter Graham that it will invest in upcoming projects are also a positive for foreign investors.
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Papua New Guinea’s mining sector concerned about revised Mining Act

3 Jul 2018 by Leave a Comment
There is growing concern in Papua New Guinea’s mining industry that changes to the Mining Act will discourage investment in the sector. The Executive Director of the PNG Chamber of Mines and Petroleum, Professor Albert Mellam, has said the mining sector is ‘strongly opposed’ to the revised Act.
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Security situation a ‘setback’ for business in Southern Highlands Province, says Chamber of Commerce President

26 Jun 2018 by Leave a Comment
Berry Mini, President of the Southern Highlands Chamber of Commerce, told Business Advantage PNG last Friday that there is an increased security presence in Mendi, particularly in front of key commercial and government buildings. The state of emergency is also affecting earthquake recovery supplies.
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