Papua New Guinea is ranked as the tenth worst destination for investment in mining, according to the Fraser Institute’s Survey of Mining Companies 2020. Infrastructure and security were nominated as areas of particular concern.
Harder than expected: introducing Papua New Guinea’s new resources laws
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1 Oct 2020 by 1 Comment
The Marape government’s proposed introduction of a new Organic Law for mining, and oil and gas projects will do away with Papua New Guinea’s ‘robust’ legal regime, according to Vaughan Mills, Head of PNG Practice for Corrs, Chambers Westgarth.
Government and industry debate the future of Papua New Guinea’s resources sector
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24 Aug 2020 by Leave a Comment
When it comes to Papua New Guinea’s resources sector, the government wants a better share of the rewards, but the industry is warning that the country is becoming a less attractive destination for investment.
Staking his claim: Kumul Minerals Holdings’ Peter Graham talks exclusively about the mining entity’s future
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5 Aug 2020 by 9 Comments
Peter Graham, Chairman of Papua New Guinea’s state-owned mining company Kumul Minerals Holdings, talks extensively about its plans for the future.
Papua New Guinea needs to remain investor-friendly [opinion]
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15 Jul 2020 by Leave a Comment
Regulatory uncertainty has the potential to deter investors just when Papua New Guinea needs them most, argues Paul Barker, Executive Director of the Institute of National Affairs.
Tools down: Papua New Guinea’s Porgera gold mine starts sacking workers
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29 Jun 2020 by 16 Comments
Barrick Niugini, the majority owner and operator of the Porgera gold mine, has announced that it will be retrenching most of its workforce over the coming weeks. Meanwhile, Papua New Guinea’s government seems intent of finding a new operator for the mine.
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.
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.
The future of the mining industry
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4 Nov 2019 by 1 Comment
The global capital markets are concentrating on quality mining assets preferably close to production, according to a panel of experts at the International Mining and Resources Conference in Melbourne. They said that ‘frontier’ countries should be looking widely for capital, particularly in Asia. David James reports.
Papua New Guinea mining rates ahead of several Australian states for attractiveness
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24 Jul 2018 by 1 Comment
Research by the Fraser Institute shows that Papua New Guinea rates ahead of several Australian states for attractiveness for mining investment. Gavin Wendt, Founding Director of resource analyst Minelife, says statements from Kumul Mineral Holdings’ Chairman Peter Graham that it will invest in upcoming projects are also a positive for foreign investors.
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