Gold miners Newcrest Mining and Harmony Gold report are reviewing capital expenditure at their two joint venture projects in Papua New Guinea because of weak gold prices.
Lae: Papua New Guinea’s manufacturing hub
Welcome,
1 Sep 2012 by Leave a Comment
PNG’s second-largest city is the focal point for the nation’s downstream processing industries. Although it plays second fiddle to the national capital Port Moresby, Lae in Morobe Province is PNG’s industrial capital and boasts considerable activity in manufacturing, trading, agribusiness and, more recently, fisheries. Lae: the facts Despite being the second city in a country […]
Mining update: Papua New Guinea defies world trends
Welcome,
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 […]
USD 0.2475
AUD 0.3829
GBP 0.1953
EUR 0.2348
NZD 0.4224
JPY 38.74
SGD 0.3326
Recent readers’ comments