The operator of PNG’s Simberi gold mine is aiming to extend the mine’s life by at least 10 years and triple annual production. In an exclusive interview with Business Advantage PNG, St Barbara’s CEO Andrew Strelein outlines how his company is expediting these plans, including a deal to sell a minority share in the mine to Kumul Minerals.
Final steps towards the reopening of Porgera gold mine now under way
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19 Jul 2023 by 1 Comment
After over three years’ closure, the final formalities required to reopen the Porgera gold mine in Papua New Guinea’s Enga Province are now being processed under the supervision of the Mineral Resources Authority. Business Advantage PNG spoke to the MRA’s Managing Director, Jerry Garry, for an update.
In brief: Papua New Guinea’s potential to become the Pacific’s ‘Powerhouse’ and other stories
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26 Oct 2022 by Leave a Comment
Latest ANZ Pacific Report highlights Papua New Guinea’s economic potential, Santos posts record production largely due to PNG and a new partnership between Paradise Foods and PHAMA Plus. Your business news in nutshell.
Papua New Guinea has ‘enormous potential’ to increase exports, Eslake tells conference
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24 Aug 2022 by Leave a Comment
Delegates to last week’s 2022 Business Advantage Papua New Guinea Investment Conference received an overview of the plans of the new Marape government, as well as detailed economic updates and a range of briefings on opportunities across the country’s key economic sectors.
In brief: COVID-19 test no longer required for arriving passengers into Papua New Guinea
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10 Aug 2022 by Leave a Comment
COVID-19 test are no longer necessary for inbound passengers into Papua New Guinea, local company gets K62 million contract to project manage infrastructure projects and a coffee producer partners with the Australia’s Market Development Facility to establish a ‘revolving fund’. The news you need today.
In brief: new National Elections dates and other business stories
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27 Apr 2022 by Leave a Comment
BSP Financial Group announces Q1 results, Qantas Airways resumes flights to Papua New Guinea and Lole Mining gets mining lease for ambitious project in Central Province. The business news you need today.
In brief: Papua New Guinea’s Porgera and Wafi-Golpu mines to be prioritised and other business news
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19 Jan 2022 by Leave a Comment
Mineral Resources Authority to prioritise Porgera and Wafi-Golpu, Papua New Guinea’s Forestry Industry struggling, and over K1.4 billion of new road contracts announced. The business news you need today.
Amendments to Papua New Guinea’s Mining Act provide for State to take a more active role
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17 Jun 2020 by 7 Comments
Amendments to the Mining Act 1992 have been passed in parliament, with Mining Minister Johnson Tuke explaining it is a step towards ‘taking back’ Papua New Guinea. Meanwhile, industry representatives have expressed some deep concerns.
Gold revolution: developing Papua New Guinea’s alluvial mining industry
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25 Nov 2019 by Leave a Comment
Developing alluvial mining in Papua New Guinea can greatly boost the rural economies, according to Immaculate Javia, founder of Sustainable Alluvial Mining Services.
K92 Mining’s CEO on the proposed changes to the Mining Act
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20 Nov 2019 by Leave a Comment
The changes to the Mining Act being considered by the Marape government could benefit the industry, according to John Lewins, Chief Executive Officer of K92 Mining Inc. In this exclusive interview with Business Advantage PNG he explains why.
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