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.
Kumul Minerals head: Wafi-Golpu contract to be completed by mid-2024
Welcome,
4 Jun 2024 by Leave a Comment
In brief: Mining lease transferred to New Porgera and other business stories
Welcome,
27 Apr 2023 by Leave a Comment
Barrick Niugini and Kumul Mineral Holdings transfer Porgera special mining lease to New Porgera, Nadzab Airport expected to be completed by August and Geopacific Resources completes capital raising. Your business news in brief.
People moves: Ok Tedi, Geopacific Resources, Data#3
Welcome,
6 Dec 2022 by Leave a Comment
Senior resignations at Ok Tedi Mining and Geopacific Resources, while Data#3 appoints new CFO.
In brief: Wafi-Golpu mine negotiations reach ‘final leg’ and other business news
Welcome,
15 Jun 2022 by Leave a Comment
MRA head says Wafi-Golpu mine negotiations are in their ‘final leg’, fuel prices expected to increase and coffee prices expected to drop. The business news you need this morning.
Geopacific Resources to review the future of Woodlark gold project
Welcome,
1 Jun 2022 by Leave a Comment
The future of the proposed new gold mine on Papua New Guinea’s Woodlark Island remains in question, as Geopacific Resources looks to reset expectations surrounding the project and explores the possibility of a ‘corporate or asset-level’ sale.
People moves: Geopacific Resources, Pac Re
Welcome,
11 May 2022 by Leave a Comment
Director retires from Geopacific Resources and new Chief Executive Officer for Pacific Re Limited (Pac Re).
People moves: Geopacific Resources, FX Business Centre PNG, Newcrest Mining
Welcome,
15 Nov 2021 by Leave a Comment
Changes at Geopacific Resources, a new General Manager at FX Business Centre and Newcrest appoints Chief Financial Officer.
Geopacific Resources’ ‘phenomenal’ Woodlark project to produce gold within 18 months
Welcome,
14 Jul 2021 by Leave a Comment
Australian miner Geopacific Resources has secured funding to develop the gold mine on Papua New Guinea’s Woodlark Island in Papua New Guinea’s Milne Bay Province. Business Advantage PNG spoke exclusively to Chairman Ian Clyne and CEO Tim Richards about their expectations for the project.
In brief: More than a billion kina for ‘maritime infrastructure’ and other business stories
Welcome,
7 Jul 2021 by Leave a Comment
PNG Ports announced a K1.1 billion partnership with Australia for maritime infrastructure, Geopacific Resources gets funding for Woodlark Island gold mine and new training program for SMEs. The business news in brief.
People moves: Geopacific Resources, POMCCI, Newcrest, Coastal Shipowners Association
Welcome,
5 Aug 2020 by Leave a Comment
Geopacific Resources elects a Non-Executive Director, the Port Moresby Chamber of Commerce and Industry (POMCCI) announces its Board composition for 2020 – 2021, Newcrest mining appoints a new Company Secretary.
USD 0.2518
AUD 0.3884
GBP 0.199
EUR 0.2389
NZD 0.4276
JPY 38.13
SGD 0.3382
Recent readers’ comments