Japan funding K2 billion for roads and bridges, the National Executive Council prevents PNG Power from defaulting on overdraft and PanAust buys 80% share of Frieda River project. Your weekly digest of the latest business news.
In brief: O’Neill defends loan, call to boost police/military, Abbott in PNG
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20 Mar 2014 by Leave a Comment
O’Neill defends loan to buy into Oil Search, economy vulnerable unless security boosted, Manus Detention Centre focus of Abbott/O’Neill talks. Your weekly digest of the latest business news.
Analysts welcome PanAust takeover of Frieda River mine project
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7 Nov 2013 by
The entry of PanAust—a new player in PNG’s mining sector—is good news for the giant Frieda River gold and copper mining project in East Sepik Province. The move has also been welcomed by analysts.
Xstrata may sell stake in Frieda River
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8 Aug 2012 by Leave a Comment
Xstrata Copper has confirmed that it is considering the sale of part or all of its 81.82% share of the Frieda River copper-gold project on the border between Sandaun and East Sepik Provinces in Papua New Guinea. “We are continually evaluating our industry-leading portfolio of development projects and assessing the best way to advance these projects, maximise […]
Mining update: Papua New Guinea defies world trends
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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 […]
Province in Focus: Western Province
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1 May 2012 by 4 Comments
The sky is the limit as Papua New Guinea’s remotest province sets off on a remarkable course of sustainable development. Also unofficially referred to as Fly River Province, PNG’s largest province by area is also one of its least developed. Vast, remote and with a population density of less than two people per square kilometre […]
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