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.
‘Unshackled’ Bougainville Copper reveals strategy for re-opening Panguna mine on Bougainville
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15 Mar 2017 by Leave a Comment
In brief: BCL proposes re-opening Panguna copper mine by 2020, and other business stories
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1 Mar 2017 by Leave a Comment
BCL talks with Bougainville government and landowners about re-opening Panguna, investors confident in PNG despite low global energy prices, and improvements on the way for Jacksons Airport. Your weekly digest of the latest business news.
In brief: Trade Minister says Papua New Guinea will break global trade laws with proposed rice plan, and other business stories
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31 Aug 2016 by Leave a Comment
Trade Minister Maru says he will recommend the government abandon its proposed rice policy, Bougainville landowners want government to hold its BCL shares, and Fiji says there are no bans on PNG imports. Your weekly digest of the latest business news.
What is stopping Papua New Guinea’s Panguna mine from re-opening?
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24 Aug 2016 by Leave a Comment
The government of Bougainville wants to put the operation of the giant Panguna copper mine out to international tender as soon as possible, President John Momis tells Business Advantage PNG. But key considerations, including the exploration licence, the equity structure, landowner rights and dividends and the rehabilitation of the mine must be decided first.
In brief: Government to discuss future of Bougainville shares and other business stories
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3 Aug 2016 by Leave a Comment
National Executive Council to discuss future of Bougainville shares, gold production at Lihir up and Bougainville government launches a new tourism initiative. Your weekly digest of the latest business news.
In brief: InterOil sale may raise competition issues and other business stories
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27 Jul 2016 by 1 Comment
Competition Commission concerned about possible monopoly in gas sector, O’Neill to issue statement on government shareholding in BCL and ANZ Bank CEO says there may be a need for a Supplementary Budget. Your weekly digest of the latest business news.
In brief: New 30-day visa a boost for Papua New Guinea tourism, and other business stories
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20 Jul 2016 by Leave a Comment
Australians can now obtain a 30-day visa on arrival, Botten says Elk-Antelope could need at least two new LNG trains, and Treasurer confident cash flow enough for health, education and infrastructure spending. Your weekly digest of the latest business news.
In brief: Petroleum Minister says Bougainville President should ‘carefully consider’ offer of free equity in BCL, and other business stories
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13 Jul 2016 by Leave a Comment
John Momis told to ‘carefully consider’ equity offer from Rio Tinto, ExxonMobil declines to confirm or deny InterOil bid, and Supreme Court orders parliamentary vote on no confidence motion. Your weekly digest of the latest business news.
People moves: Bougainville Copper Ltd, Bank South Pacific, Deloitte,
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6 Jul 2016 by Leave a Comment
Chairman of Bougainville Copper resigns, Deputy chair of BSP resigns, new partners at Deloitte’s
In brief: ExxonMobil reported to be second bidder for InterOil, and other business stories
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6 Jul 2016 by Leave a Comment
ExxonMobil reportedly behind rival bid to Oil Search for InterOil, claims Momis may sue Rio Tinto for Panguna damages and cruise liner tourism could see 5-fold growth by 2017. Your weekly digest of the latest business news.
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