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Mining/petroleum

Is LNG a safe bet for Papua New Guinea?

6 Mar 2013 by 1 Comment
Papua New Guinea will be heavily reliant on its liquefied natural gas exports for many years to come. Rod Myer considers how PNG’s aspirations may be affected by global trends. Papua New Guinea is beginning to reap the rewards of its nascent LNG industry but the potential for LNG in PNG is far greater than […]
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People moves: executive moves and changes relevant to Papua New Guinea

26 Feb 2013 by
National Petroleum Company gets acting MD and board Wapu Sonk has been appointed Acting Managing Director of Papua New Guinea’s newly-revived National Petroleum Company. The company’s board will be chaired by Kramer Ausenco Chief Executive Officer Frank Kramer, and will include Trans Wonderland Managing Director Larry Andagali, Secretary of the Department of Public Enterprises Mathias […]
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Five things we learned at the PNG Mining Conference

15 Dec 2012 by Leave a Comment
The 12th Papua New Guinea Mining and Petroleum Investment Conference was held last week in Sydney, Australia. The event was hosted by the PNG Chamber of Mines and Petroleum. 1. Resources have never been bigger in PNG As PNG’s new Mining Minister Byron Chan observed, mining was responsible for 71% of PNG’s export receipts in 2011. The 1350 […]
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Ok Tedi: on the cusp of expansion

14 Dec 2012 by
In November 2012, Ok Tedi Mining Limited (OTML) submitted a feasibility plan to extend the Ok Tedi mine’s life to 2025. With continuation agreements being finalised with Western Province landowners this month, we spoke with OTML’s CEO Nigel Parker about the US$822 million extension project and likely changes to PNG’s mining laws. Business Advantage PNG (BAPNG): […]
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Mining conference: first chance for industry to meet new government

21 Nov 2012 by
Senior figures in Papua New Guinea’s new government will come face-to-face with members of the country’s largest industry for the first time at the Papua New Guinea Mining and Petroleum Conference (3–5 December) in Sydney, Australia. ‘It’s the perfect venue for the new O’Neill Government to present itself internationally and to provide the industry with […]
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Xstrata may sell stake in Frieda River

8 Aug 2012 by Leave a Comment
Xstrata Copper has confirmed that it is considering the sale of part or all of its 81.82% share of the Frieda River copper-gold project on the border between Sandaun and East Sepik Provinces in Papua New Guinea. “We are continually evaluating our industry-leading portfolio of development projects and assessing the best way to advance these projects, maximise […]
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Ok Tedi’s Nigel Parker on social responsibility in mining

1 May 2012 by
Nigel Parker, Managing Director and Chief Executive Officer of Ok Tedi Mining Limited (OTML), shares his thoughts on corporate social responsibility, mine life extension and what it means to lead a major mining company in a global market. I first came to Papua New Guinea in 2001. At the time, I had residential status in […]
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