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Mining/petroleum

Increasing global battery demand will drive higher nickel & cobalt prices, predicts Highlands Pacific MD

22 Sep 2017 by Leave a Comment
As demand for electric cars gather pace, Papua New Guinea’s Ramu mine is perfectly placed to be a big provider of the nickel and cobalt, both essential ingredients for these hi-tech batteries. Craig Lennon, Managing Director of Highlands Pacific told the Business Advantage Papua New Guinea Investment Conference in Sydney that both commodities are hot.
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Kina overvalued and one option is to have dual exchange rate, says economist

5 Sep 2017 by 2 Comments
The kina is more than 20 per cent overvalued, according to Marcel Schroder, a lecturer in economics at the Development Policy Centre in the Australian National University (ANU), speaking to a joint University of Papua New Guinea/ANU event in Port Moresby. One option is to introduce a dual exchange rate for a limited time.
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Business Council encourages new Papua New Guinea government to broaden industry and tax bases

8 Aug 2017 by Leave a Comment
Papua New Guinea’s foreign exchange problems are a symptom of an overly narrow industry base, according to a new report by the Business Council of PNG. It says the new government also needs to look at widening the tax base and improving infrastructure.
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Global mining major needed to re-open Bougainville’s Panguna copper mine?

18 Jul 2017 by Leave a Comment
Funding the re-opening of the Panguna copper mine is a key concern for a newly-formed Joint Committee of landowners, BCL and governments, says Bougainville Governor, John Momis. Independent analysts believe it is likely to come from one of the global mining majors.
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How Puma Energy services Papua New Guinea’s energy market

27 Jun 2017 by 47 Comments
Since 2014, Puma Energy has been Papua New Guinea's major refiner and retailer of petroleum products. Its also part of a global energy operation that spans 47 countries. Jim Collings, Country General Manager, explains some of the challenges of supplying a country which is still heavily reliant on diesel fuel.
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Cooperation in resources sector improving Papua New Guinea’s international standing, says analyst

27 Jun 2017 by 1 Comment
Cooperation amongst the energy majors in Papua New Guinea is leading to greater efficiency and higher international standing, according to industry leaders and analysts. What is happening in PNG appears in stark contrast to recent experiences in Australia's LNG industry.
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