In brief: O’Neill says Papua New Guinea government has no interest in owning Panguna mine, and other business stories

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13 Jan 2016 by Business Advantage PNG Leave a Comment

O’Neill not interested in buying Rio Tinto’s 53% of Bougainville Copper Limited, central bank governor warns government to restrain spending, and kina falls against most currencies in September quarter. Your weekly digest of the latest business news.

Filed Under: In brief, Latest news, News Tagged With: Air Niugini, Bougainville Copper Ltd, China, Cott Oil and Gas, Nautilus Minerals, Panguna mine, Philippine Airlines, Rio Tinto, Trans Wonderland

In brief: BSP to finance PNG Ports’ new facilities at Motukea Island, and other business stories

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2 Dec 2015 by Business Advantage PNG Leave a Comment

PNG Ports secures ‘landmark transaction’ with BSP for Motukea Island facilities, impact of kina’s exchange rate over-valuation analysed, and Harmony Gold confirms Kili Teke copper-gold discovery. Your weekly digest of the latest business news.

Filed Under: In brief, News Tagged With: ANZ, BSP Financial Group, Crater Gold Mining, ExxonMobil PNG, Harmony Gold, Kumul Petroleum, National Development Bank, National Fisheries Authority (NFA), Nautilus Minerals, Pacific Asia Travel Association, PNG Ports Corporation, rice, Trukai Industries

Papua New Guinea mining sector: not all bad news

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12 Aug 2015 by Business Advantage PNG 1 Comment

The latest closure of the Ok Tedi mine reminds us that disruptions at major mining operations in Papua New Guinea are nothing new. While the closure is undoubtedly a setback, Business Advantage PNG’s survey of PNG’s other major mines suggests prospects for the mining sector are more positive.

Filed Under: Features, Latest news, Mining/petroleum, News, Sections Tagged With: Harmony Gold, Morobe Mining Joint Ventures, Nautilus Minerals, Newcrest Mining, Ok Tedi Mining Ltd (OTML), Simberi gold mine, St Barbara Ltd, Wafi-Golpu

In brief: Credit Corp profit down after completion of LNG plant, and other business stories

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1 Jul 2015 by Business Advantage PNG Leave a Comment

Credit Corp profit down, companies begin closing offshore foreign currency accounts, and new air navigation system to be installed across Papua New Guinea. Your weekly digest of the latest business news.

Filed Under: In brief, Latest news, News Tagged With: Air Niugini, Australian High Commission, Bank of Papua New Guinea, Credit Corporation, Digicel (Parent company and all subsidiaries), Hilton, Institute of National Affairs, Kina Asset Management Limited, Link PNG, Nautilus Minerals, Parties to the Nauru Agreement, PNG Air, Travel Air

In brief: Papua New Guinea aims to strengthen business relationship with United Kingdom, and other business stories

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17 Jun 2015 by Business Advantage PNG

O’Neill wants PNG to take advantage of global business opportunities, Australia provides additional development funds, and Air Niugini outsources Lihir airport services. Your weekly digest of the latest business news.

Filed Under: In brief, Latest news, News Tagged With: Air Niugini, Asian Development Bank (ADB), Australia Papua New Guinea Business Council, Department of Education, Department of Labour and Industrial Relations, Digicel (Parent company and all subsidiaries), InterOil Corporation, Nautilus Minerals, Oil Search Ltd, Palau, Parties to the Nauru Agreement, People’s Micro Bank, PNG LNG, Santos, Secretariat of the Pacific Community, Solomon Airlines, Solwara 1, Tuvalu, Western Highlands Chamber of Commerce and Industry

In brief: mini-budget on the way for Papua New Guinea, and other business stories

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10 Jun 2015 by Business Advantage PNG Leave a Comment

PNG Government likely to prepare mini-budget, Pacific Assurance Group urges Bank of PNG to lift restrictions, and Lihir mine temporarily ceases operations. Your weekly digest of the latest business news.

Filed Under: In brief, Latest news, News Tagged With: Bmobile Vodafone, BSP Financial Group, Digicel (Parent company and all subsidiaries), Fiji National Provident Fund, Kina Petroleum, Kula Gold, Nambawan Super, Nautilus Minerals, New Britain Palm Oil (NBPOL), Newcrest Mining, Oil Search Ltd, Ok Tedi Mining Ltd (OTML), Pacific Assurance Group, Panguna mine, PNG Power, Rio Tinto

People moves: Nautilus Minerals

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13 May 2015 by Business Advantage PNG Leave a Comment

New board member at Nautilus Minerals.

Filed Under: News, People moves Tagged With: Nautilus Minerals

In brief: Court refuses to hear Ok Tedi claim, and other business stories

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13 May 2015 by Business Advantage PNG Leave a Comment

International court refuses to hear claim about government takeover of Ok Tedi mine, five percent aid cut to PNG and trial export of fresh vegetables to Fiji. Your weekly digest of the latest business news. The International Court for the Settlement of Investment Disputes has declined to hear PNG Sustainable Development Program’s claims against the Government […]

Filed Under: In brief, Latest news, News Tagged With: aid, China Harbour Engineering Company Ltd, Guangdong Rising Asset Management, Innovative Agro Industry, Mineral Resources Authority, Nautilus Minerals, Oil Search Ltd, PanAust, Papua New Guinea Sustainable Development Program (PNGSDP), Repsol, rice, Santos, Swire Shipping, Talisman Energy, Trukai Industries, Woodside Petroleum

In brief: relocation of Port Moresby Port to Motukea Island site backed by review, and other business stories

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8 Apr 2015 by Business Advantage PNG

Motukea Island a ‘suitable site’ for Port relocation, majority of Papua New Guinea SMEs in retail, and PNG first Pacific nation to join alliance. Your weekly digest of the latest business news.

Filed Under: In brief, Latest news, News Tagged With: ANZ, Asia Pacific Economic Cooperation (APEC), Barrick Gold, Bougainville Copper Ltd, Coffee Industry Corporation (CIC), Department Trade Commerce and Industry, Golder Associates, Kokonas Indastri Koporesen, Mineral Resources Authority, Motukea Island, National Research Institute, Nautilus Minerals, Newcrest Mining, Oil Search Ltd, PanAust, PNG Power, SP Brewery, Steamships

In brief: Oil Search adapts to changing market conditions, and other business stories

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25 Feb 2015 by Business Advantage PNG Leave a Comment

LNG focus for Oil Search, ANZ warns on debt risk, and Barrick plans to offload Porgera mine. Your weekly digest of the latest business news.

Filed Under: In brief, Latest news, News Tagged With: Air Niugini, Anitua, ANZ, Autonomous Bougainville Government (ABG), Barrick Gold, Department Trade Commerce and Industry, Digicel (Parent company and all subsidiaries), Fiji Airways, Highlands Pacific, Indigenous Business Council of Papua New Guinea, Nautilus Minerals, Oil Search Ltd, PNG LNG, Port Moresby Chamber of Commerce and Industry, Santos, St Barbara Ltd, World Bank

Industry update: Papua New Guinea’s mining and gas project pipeline starts to flow

After a decade focused on existing minerals and hydrocarbons production, Papua New Guinea is gearing up for an anticipated wave of … [Read More...]

Exclusive: Barrick CEO Mark Bristow’s vision for Porgera gold mine

In this exclusive interview with Business Advantage PNG, Barrick Gold’s President and Chief Executive Mark Bristow talks about the … [Read More...]

Report from the 2024 Papua New Guinea Investment Conference

This week's 2024 Business Advantage PNG Investment conference saw top speakers from across the business sector and government come … [Read More...]

Australia’s new Pacific Engagement Visa an ‘opportunity’ for PNG businesses

Australia launched its inaugural Pacific Engagement Visa ballot on 3 June, with Papua New Guinea receiving the largest allocation. … [Read More...]

Four questions with Chris Riddell, keynote speaker at 2024 PNG Investment Conference
Chris Riddell, renowned futurist and former Chief Digital Officer at Mars, tells Business Advantage PNG why the chaos of our modern world presents an excellent opportunity for business leaders. Business Advantage PNG (BAPNG): What are the key things business leaders tell you they are worried about as far as the future is concerned? Chris Riddell […]
Registrations are open 2024 Papua New Guinea Investment Conference
Registrations are now officially open for the 2024 Business Advantage Papua New Guinea Investment Conference. The conference will take place in Brisbane, 12 and 13 August, at the premium Plaza Auditorium at Brisbane Convention and Exhibition Centre, South Brisbane. On Day 1 the futurist Chris Riddell, former Chief Digital Officer at Mars will deliver the keynote address. On Day 2 Matt Dri, Secretary, Cyber […]
Papua New Guinea’s premier business magazine to publish a special mining and energy edition
With a strong decade on the horizon for mining and energy in Papua New Guinea, Business Advantage PNG is set to publish its first special edition devoted solely to these sectors. As PNG’s resources sector gears up for an anticipated decade or more of new investment, with an estimated US$50 billion pipeline of projects lined […]