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Mining/petroleum

Mining update: Papua New Guinea defies world trends

1 May 2012 by Leave a Comment
Minerals sector enjoys its winnings while industrialised world struggles with debt crises. Papua New Guinea’s minerals sector has been sitting in a sweet spot in the past year, with prices for major commodities rising while much of the industrialised world is in a debt-induced funk. The gold price has risen from lows of $US1320 an […]
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Landowner Companies Aiming High

1 May 2012 by 1 Comment
Papua New Guinea’s landowner companies have been around for a while, but the current resources boom—particularly the PNG LNG Project—has significantly increased their opportunities. Perhaps the best-known landowner business is NCS, owned by landowners on Lihir Island (home to the Lihir gold mine). NCS has established a profitable core business of catering and mining camp […]
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Profiles: Laba Holdings and Hides Gas Development Company

1 May 2012 by 5 Comments
The PNG LNG Project has led to the creation of new landowner companies. During the construction phase the Hides Gas Development Company (HGDC) (upstream in the Southern Highlands), and Laba Holdings (downstream in the area around the processing plant close to Port Moresby), have exclusive rights to carry out certain key activities such as labour hire, […]
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Boost for service providers

1 May 2012 by Leave a Comment
Growth in the resources sector in Papua New Guinea is driving parallel growth in the businesses that provide mining operations with the services they need to function. LCR Group has been operating in PNG since 2009, providing crane services for engineering group Clough on the gas processors and docks that will service the PNG LNG […]
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Big Year for PNG LNG Project

1 May 2012 by Leave a Comment
Business Advantage speaks to the man responsible for delivering the PNG LNG Project, Peter Graham, managing director of ExxonMobil subsidiary, Esso Highlands. Do you foresee any issues with meeting the posted completion date for the PNG LNG project? What will be the major challenges and milestones over the next 12 months? 2012 is a big […]
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Gas and petroleum: the year of heavy lifting

1 May 2012 by 1 Comment
Papua New Guinea’s oil and gas sector continues to attract new entrants as its ExxonMobil-led PNG LNG liquefied natural gas project moves inexorably towards a production stage. Papua New Guinea is highly prospective for oil and gas, with deposits being found across its Highlands provinces, Foreland Basin and even beneath the Gulf of Papua. The […]
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Province in Focus: Western Province

1 May 2012 by 4 Comments
The sky is the limit as Papua New Guinea’s remotest province sets off on a remarkable course of sustainable development. Also unofficially referred to as Fly River Province, PNG’s largest province by area is also one of its least developed. Vast, remote and with a population density of less than two people per square kilometre […]
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Landowner company diversifies

1 Mar 2012 by 2 Comments
Mineral Resources Star Mountains (MRSM) is Western Province’s own example of the new breed of landowner company playing an increasingly entrepreneurial role in the nation’s economy. MRSM represents the economic and social interests of the Ok Tedi Mine Landowner Groups, on whose land Ok Tedi’s operations are located. As a royalty, they receive 2.5% of […]
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Beyond mining: interview with Ok Tedi’s Nigel Parker

1 Mar 2012 by Leave a Comment
On a visit to the Ok Tedi mine, we met with Nigel Parker, the man tasked with managing Ok Tedi Mining Limited through the final years of the mine’s life. OTML is currently undergoing a corporate restructure. What does that entail and where has it reached? The corporate restructure is looking at our core activities. […]
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Western Province: a sustainable future

1 Mar 2012 by Leave a Comment
Business Advantage interviewed David Sode, Chief Executive Officer of PNG Sustainable Development Program Ltd, to discover more about its Western Province strategies. Founded in 2002, PNG Sustainable Development Program Limited (‘PNGSDP’) was created to support sustainable development through initiatives that benefit the people of Papua New Guinea, and especially the people of the Western Province. […]
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