The Kainantu gold mine in Eastern Highlands Province has been in continuous expansion since its acquisition by K92 Mining in 2015. CEO John Lewins shares his company’s aspiration to become the PNG’s mining sector’s largest taxpayer – and the investment underpinning it.
Editorial: Patience and persistence yields results in major resources projects
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23 Oct 2024 by Leave a Comment
Looking back over the history of resources development in Papua New Guinea, the need for patience and persistence is clear.
In brief: Papua New Guinea’s Mid-Year Economic and Fiscal Outlook shows inflation slowing, and other business stories
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17 Aug 2023 by Leave a Comment
Papua New Guinea’s Mid-Year Economic and Fiscal Outlook shows inflation slowing, Airbus wins race to replace Air Niugini fleet, while Securities Commission revokes Melanesian Trustee Services Limited’s trustee license. Your business news in brief.
In brief: PNG Power’s tariffs rise for the first time in a decade and other stories
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1 Aug 2023 by Leave a Comment
Energy regulator announces an increase in power prices to support the rehabilitation of PNG Power, Nambawan Super threatens to lock out its government tenants and Wafi-Golpu negotations continue. Your business news in a nutshell.
People moves: K92 Mining, BSP Financial Group, CopperMoly
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27 Apr 2023 by Leave a Comment
K92 Mining appoints new Chair, BSP Financial Group welcomes a new Director and board changes at Coppermoly.
Massive Kainantu mine expansion reaches next phase: K92 CEO
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1 Feb 2023 by 1 Comment
With a ten-year extension to its mining lease secured, K92 Mining is moving to the next phase of its project to transform the Kainantu mine. Business Advantage PNG spoke with CEO John Lewins about the vision to create a world-class gold mine.
In brief: K92 gets lease extension for Kainantu mine and other business stories
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7 Dec 2022 by Leave a Comment
Canadian company K92 Mining gets lease extension, PNG DataCo announces cables damaged after the September earthquake have been repaired and Kina Bank changes plans because of the raise in corporate tax. Your business news, curated and summarised.
In brief: Prime Minister Marape invites US and China to invest in Papua New Guinea and other stories
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23 Nov 2022 by Leave a Comment
Prime Minister James Marape on a free trade agreement with China, invitation to the United States to invest in Papua New Guinea extended, and renewed interest in the Solwara One project.
In brief: New Porgera Limited close to applying for special mining lease and other stories
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12 Oct 2022 by Leave a Comment
Barrick executives visit Papua New Guinea for talks about a Special Mining Lease for Porgera, PNG welcomes back cruise ships, and Department of Trade and Investment to become a ‘one-stop shop’ for foreign investments. Your business news in a nutshell.
In brief: Mineral Resources Enga signs Porgera agreement and other stories
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24 Aug 2022 by Leave a Comment
Mineral Resources Enga signs ‘milestone agreement’ towards the reopening of the Porgera mine, negotiations for sale of Telikom PNG and Air Niugini to upgrade fleet. The business news you can’t miss.
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