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Mining/petroleum

Highlands Pacific shifts strategy to focus on controlling projects in Papua New Guinea

6 Jun 2017 by Leave a Comment
Highlands Pacific is expanding its focus from large projects and exploration, to controlling interests in smaller projects offering near term returns. Highlands Pacific Managing Director, Craig Lennon, tells Business Advantage PNG it is a response to market changes.
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Commodities stable but LNG weak: a monthly review of Papua New Guinea’s commodities and financial markets

31 May 2017 by Leave a Comment
Commodity prices were reasonably stable over the month and precious metals strengthened. But the weakness in Liquefied Natural Gas (LNG) prices continued. Business Advantage PNG’s monthly review of Papua New Guinea commodity and financial markets.
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Policy flexibility needed for maturing mining industry says Nautilus Minerals CEO

15 May 2017 by Leave a Comment
Mineral deposits are becoming increasingly difficult to develop and the mining industry is looking to the Papua New Guinean Government to deliver flexible policies that will benefit a maturing industry, Nautilus Minerals Chief Executive Officer, Mike Johnston tells Business Advantage PNG.
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Commodity prices weak but precious metals up: a monthly review of commodity and financial markets

26 Apr 2017 by Leave a Comment
It has been a bad month for most commodity prices, but not precious metals. The weakness in Liquefied Natural Gas (LNG) prices has continued, with the price falling sharply over the last month. Business Advantage PNG’s monthly review of Papua New Guinea commodity and financial markets.
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Total close to decision on cooperation with PNG LNG plant, says MD Blanchard

11 Apr 2017 by 1 Comment
The operator of the second Papua New Guinea LNG project says overcoming technical and environmental issues will determine if Total joins the existing PNG LNG trains. Managing Director, Philippe Blanchard, says a decision will be made within the next 5-6 months.
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Cocoa surges but oil and gas prices remain weak: a monthly review of Papua New Guinea commodity and financial markets

29 Mar 2017 by Leave a Comment
The big mover this month was the cocoa price which was up 6.6 per cent for the month according to Kina Securities. Otherwise commodity prices moved sideways or weakened. Business Advantage PNG’s monthly overview of commodity and financial markets.
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Papua New Guinea economy showing positive signs says James Lau, MD of RH Group

21 Mar 2017 by Leave a Comment
James Lau, Managing Director of Rimbunan Hijau Group tells Business Advantage PNG that he sees positive developments with hotels, agriculture, gold and the country’s preparations for the 2018 APEC meeting. But he says continuing weakness in commodity prices will limit Papua New Guinea’s growth in the short to medium-term.
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‘Unshackled’ Bougainville Copper reveals strategy for re-opening Panguna mine on Bougainville

15 Mar 2017 by Leave a Comment
If the giant Panguna copper mine on Bougainville is ever to re-open, many complex problems must be solved, including the status of the former miner, Bougainville Copper Limited (BCL). In this exclusive interview with Business Advantage PNG, BCL Chairman Rob Burns outlines its strategy to return to mining.
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Oil Search’s assets ‘highly profitable’ despite weak prices says MD

7 Mar 2017 by Leave a Comment
Peter Botten, Managing Director of Oil Search tells Business Advantage PNG that the company’s Papua New Guinea assets are ‘highly profitable’ despite the low prices. He says the company is focusing on developing a five year plan for ensuring sustainability, managing exploration and working with the community.
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