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.
Papua New Guinea needs to remain investor-friendly [opinion]
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15 Jul 2020 by Leave a Comment
Ripple effects: how the global pandemic is affecting oil and gas in Papua New Guinea
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6 Jul 2020 by Leave a Comment
The COVID-19 crisis has profoundly shaken the global oil and gas industry. With the medium term picture for LNG prices likely to heavily impact PNG’s economy and government finances, Business Advantage PNG looks at the sector’s prospects.
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.
LNG’s role in Papua New Guinea’s foreign exchange challenges
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17 Feb 2020 by Leave a Comment
The lack of foreign exchange is having a deep impact on Papua New Guinea’s financial system. A new World Bank report shows that mining is the biggest generator of foreign exchange in PNG, but what about LNG projects?
Winners of the inaugural Innovation PNG 2019 Awards announced
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11 Nov 2019 by Leave a Comment
Two of the most innovative companies in Papua New Guinea were recognised on Friday at the inaugural Innovation PNG 2019 conference. Here is what you need to know.
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.
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