Proposed Sovereign Wealth Fund reaches third reading stage, Air Niugini ‘on track’ for 50% sell-off, and second LNG plant to create 10,000 jobs. Your weekly digest of the latest business news.
In brief: Sovereign Wealth Fund & Corruption Commission legislation before parliament, and other business news
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22 Jul 2015 by Leave a Comment
Highlands Pacific continues unique path to Papua New Guinea mining success
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13 May 2015 by 1 Comment
In the challenging environment facing Papua New Guinea’s mining industry, Highlands Pacific is standing out as a bright spot, after starting its Star Mountain exploration campaign with mining giant Anglo American. Business Advantage PNG talks with Managing Director John Gooding.
Wafi-Golpu project set for production by end of decade
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11 Feb 2015 by
The Wafi-Golpu gold-copper project in Morobe Province is a bright spot in an otherwise tight mining environment. The Morobe Mining Joint Venture partners believe it will be one of the world’s lowest cost gold projects, and expects production to begin in 2020.
Nautilus targets Solwara 1 production in three years
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30 Jan 2015 by Leave a Comment
After overcoming several delays, development of Nautilus Minerals’ deep sea copper-gold mining project, Solwara 1, has taken significant steps forward in recent months. Business Advantage PNG talks with Nautilus Chief Executive Officer Michael Johnston about the world-first project.
Newly-listed Indochine Mining revives Mount Kare gold mine
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11 Sep 2013 by Leave a Comment
After a troubled history, the gold mine at Mount Kare in Enga Province was now back on track, Stephen Promnitz, Chief Executive Officer of Indochine Mining, told delegates at the Papua New Guinea Advantage 2103 investment summit this week.
Harmony Gold in US$280 million write-down
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25 Jul 2013 by
Harmony Gold has become the latest gold miner to write-down its Papua New Guinea assets, as a sharp drops in bullion prices force mining companies globally to reassess the profitability of their mines.
‘Just like riding a tiger’: Ok Tedi Mining’s CEO reflects on a momentous year
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9 Dec 2013 by
It’s been an ‘momentous’ year for Ok Tedi Mining Limited, according its CEO, Nigel Parker. Business Advantage PNG spoke to him about a tough year for Papua New Guinea’s largest mine and its likely future.
Bougainville leaders consider lifting exploration moratorium
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9 Jul 2013 by
Bougainville leaders are considering lifting the moratorium on mineral exploration which has been in place since the 1970s, in case the Panguna gold and copper mine does not re-open.
Newcrest Mining to ‘simplify’ Papua New Guinea mining operations
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11 Jun 2013 by
Newcrest Mining has revealed it is aiming to ‘simplify’ operations at the Lihir and Hidden Valley gold mines in Papua New Guinea, after writing down the value of its mines in PNG, Australia and Africa by AUD$6 billion (K12.6 billion).
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