World Bank commits K70 million to help Papua New Guinea in its fight against COVID-19, the Minister for Petroleum gives an update on resource projects and Oil Search successfully completes its equity raise. The business news you need to know to kickstart you week.
In brief: Papua New Guinea to receive K70 million from the World Bank and other business stories
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15 Apr 2020 by Leave a Comment
In brief: Kavieng Airport in New Ireland Province set for an upgrade and other business stories
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9 Mar 2020 by Leave a Comment
The National Airport Corporation signs an agreement to upgrade Kavieng Airport, NKW Fresh signs a deal to support farmers in Morobe Province and Air Niugini turns around K133 million loss in 2018 to a profit. The news you need to kickstart your week.
In brief: good news for Wafi-Golpu and other business stories
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17 Feb 2020 by 3 Comments
Wafi-Golpu Joint Venture partners receive ‘green light’ to engage in discussions with the State of Papua New Guinea, petroleum licences owe over K10 million and Gerehu to NiuPower gas plant transmission lines completed. The business news you need to kick-start your week.
People moves: Nasfund, Newcrest, Constitutional Law Reform Commission, British High Commission in Tonga
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4 Feb 2020 by Leave a Comment
An Independent Director joins Nasfund, Newcrest announces changes to its Executive Committee, the Constitutional Law Reform Commission appoints a Secretary and the British High Commission reopens in Tonga.
Transparency report shines light on Papua New Guinea’s extractive sector
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20 Jan 2020 by Leave a Comment
Although the extractive sector continues to be responsible for the bulk of Papua New Guinea’s exports, the latest Papua New Guinea Extractive Industries Transparency Initiative report has found that revenues to government remain comparatively small. Here’s what you need to know.
Newcrest Mining still waiting to resume discussions over ‘premier’ Wafi-Golpu project, says senior executive
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30 Oct 2019 by Leave a Comment
Newcrest Mining Ltd is still waiting to resume discussions with the Papua New Guinea government to grant a Special Mining Lease to start developing the Wafi-Golpu gold-copper project. The enforced delay has given the company license to focus on its other projects, reports David James.
In brief: new guidelines for Kumul Petroleum Holdings and other business news
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14 Oct 2019 by Leave a Comment
Kumul Petroleum Holding Limited has been asked to cease exploration, drilling and greenfield investments, the World Bank has released an economic update signalling economic slowdown in Asian and Pacific economies, and K92 Mining has released its Q3 results above budget. Your weekly digest of business news.
People moves: Cabinet mini-reshuffle, Kina Bank, Steamships, Newcrest, Singapore Government, Port Moresby General Hospital, Bougainville Copper
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28 Aug 2019 by Leave a Comment
Papua New Guinea Government names new Ministers, Kina and Newcrest get new COOs, Steamships appoints a director, new Singapore Honorary Consul-General, new head at Port Moresby General Hospital, and an addition to Bougainville Copper board.
Papua New Guinea’s National Court puts Wafi-Golpu negotiations on hold pending hearing
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13 May 2019 by 1 Comment
Discussions between Papua New Guinea government agencies and the developers of the US$9 billion Wafi-Golpu copper-gold project have been put on hold by the country’s National Court while it considers an application for leave for a judicial review. Meanwhile, work under the project’s exploration licence continues.
Global mining industry still recovering from a ‘great big party’
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8 Feb 2019 by Leave a Comment
The global mining industry is still in a ‘big hangover’, says Newcrest Mining’s Chief Development Officer, Michael Nossal. He tells an industry event that improving productivity is now the name of the game, as the industry waits for the interest from investors to return.
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