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Newmont CEO affirms Wafi-Golpu ‘will be developed’

18 Jun 2024 by Leave a Comment
Newmont Corporation's Tom Palmer tells Business Advantage PNG that Papua New Guinea fits well within company’s strategy, but cautions that the prospective Wafi-Golpu copper-gold project will need to compete for capital with other projects in portfolio.
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Papua New Guinea’s ‘engine room’ seeing new investment, says Lae Chamber president

18 Jun 2024 by 2 Comments
In spite of the challenges, Papua New Guinea's second city, Lae, is experienced some significant new investments. Business Advantage PNG sits down with John Byrne, President of the Lae Chamber of Commerce, to discuss the state of play in the country's "engine room".
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Enga landslide: what business needs to know

4 Jun 2024 by Leave a Comment
The Porgera gold mine is operating without restrictions, following the tragic Papua New Guinea landslide which hit nearby. Meanwhile, New Porgera Limited and other PNG businesses are contributing to relief efforts, reports Nadav Shemer Shlezinger.
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Kumul Minerals head: Wafi-Golpu contract to be completed by mid-2024

4 Jun 2024 by Leave a Comment
Sarimu Kanu, Managing Director of state-owned miner Kumul Minerals Holdings, gives an update on the progress of the Wafi-Golpu mine project to Business Advantage PNG, and outlines the company's strategy to consolidate some of Papua New Guinea's smaller mining projects.
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City Pharmacy Group’s Sir Mahesh Patel on the impact of Port Moresby’s January 10 riots

31 May 2024 by 1 Comment
The rioting in Port Moresby on 10 January this year severely affected businesses in Papua New Guinea’s capital. CPL Group's Sir Mahesh Patel reveals the impact on the major retailer, its people, and the many businesses that support it, and considers the root causes of the unrest.
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Papua New Guinea businesses still face serious forex delays, despite interventions

23 May 2024 by 1 Comment
PNG banks and businesses tell Business Advantage PNG of considerable variation in wait times for foreign exchange, as the country's central bank acknowledges the economic damage caused. We look at the prospects for improvement.
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