People moves: Geopacific Resources, FX Business Centre PNG, Newcrest Mining

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Changes at Geopacific Resources, a new General Manager at FX Business Centre and Newcrest appoints Chief Financial Officer.

People moves: Newcrest Mining, High Arctic, Mayur Resources

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A new Chair for Newcrest and new CFOs for High Arctic and Mayur Resources.

Five reasons you should attend the 2021 Papua New Guinea Investment Conference online

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The three-day 2021 Business Advantage Papua New Guinea Investment Conference starts live-streaming at 9am on Tuesday 7 September. Andrew Wilkins, Publishing Director and conference host, Business Advantage International, outlines the reasons why this is the year to attend.

Newcrest Mining posts record profit

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Papua New Guinea’s largest gold miner, Newcrest Mining, has lodged record profits for the 12 months ending 30 June, thanks to higher gold and copper prices and lower operating costs.

In brief: Bougainville and Papua New Guinea government in post-referendum talks and other business stories

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Papua New Guinea’s National Government and Bougainville continue post-referendum talks, Bank South Pacific signs MoU with the Department of Finance for an online payment solution and Newcrest pledges zero carbon emissions by 2050. The business news in brief.

In brief: vaccine rollout announced for Papua New Guinea and other business stories

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Vaccine rollout announced for Papua New Guinea’s 22 provinces, Enga Electrification Project gets funding and Kumul Petroleum to seek funding for gas fields overseas. The news in brief.

Going strong: Lihir forecasts record gold production

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Newcrest Mining says it can ‘unlock significant value’ at Lihir, Papua New Guinea’s biggest gold mine. David James takes a closer look at a mine forecast to produce over a million ounces a year.

In brief: Papua New Guinea’s economy expected to recover by 2.5 per cent and other business stories

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Bank South Pacific executive says Papua New Guinea’s economy will recover by 2.5 per cent, Marape launches seven projects in Kainantu including the Ramu Hydro Power Station 2 and K1 million allocated for communication towers in Gulf Province.

Wafi-Golpu JV explains its deep sea waste disposal plan

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The Wafi-Golpu Joint Venture has released new information on its proposed DSTP method of tailings disposal for the planned Wafi-Golpu mine in Papua New Guinea. The move is designed to allay environmental concerns, including those expressed by Morobe Governor Ginson Saonu.

In brief: Wafi-Golpu licence expected by the end of July or August and other business stories

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Mining Minister is optimistic about Wafi-Golpu mining project, Police Commissioner must vacate office before the end of the month and Australia’s Seasonal Worker Program is back.