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Mining/petroleum

Independent mining consultant questions Papua New Guinea government role as both shareholder and regulator

20 Mar 2018 by 12 Comments
To remain impartial, the Papua New Guinea Government should not be a shareholder, but only maintain regulatory oversight of mining projects, according to geologist and mining consultant, Jerry Nombri Garry. He tells Business Advantage PNG, there are other ways for the country to derive healthy revenues from mining projects.
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Government incentives for second Papua New Guinea gas project should be fewer than for PNG LNG, say analysts

6 Mar 2018 by 2 Comments
The operators of the Papua project are expected to make a financial investment decision on the project in 2019. But now that Papua New Guinea has ‘proven itself’ as a good manager of major global projects, it should be able to negotiate less generous terms with the operators of the second LNG plant, say economists and investment analysts.
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Papua New Guinea-owned Aiabba Minerals seeks to raise capital

28 Feb 2018 by 12 Comments
A ‘cash culture’ in Papua New Guinea is beginning to change and there is more willingness to buy shares, according to Aiabba Minerals Executive Chairman and Managing Director, Moses Mondowa. He tells Business Advantage PNG it is a significant shift for the future success of the country’s resources and business sectors.
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Perth exploration company Kalia Ltd wins first gold and copper exploration licence under new Bougainville Mining Act

23 Jan 2018 by 9 Comments
Perth-based explorer Kalia Ltd has begun geological surveys on its two licence areas, after winning exploration licences under the new Bougainville Mining Act. Managing Director Terry Larkan tells Business Advantage PNG that, while the licence areas’ resources are unknown, the licences have 'the right address'.
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MRA executive calls for better protection of mining tenements in Papua New Guinea

6 Dec 2017 by 3 Comments
The next decade could be a ‘golden’ one for the mining sector, believes Roger Gunson, Executive Manager, Regulatory Operations at the Mineral Resources Authority. But he has called for changes to Papua New Guinea's government policy to better protect mining tenements.
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