In an escalation of the public debate on the ownership of the Ok Tedi mine, the Chairman of the Papua New Guinea Sustainable Development Program Ltd (PNGSDP) has accused the government of ‘stealing’ Ok Tedi Mining Ltd.
In brief: PM takes over Treasurer’s role, first LNG shipments ahead of schedule and Ok Tedi Mining profits plunge
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12 Mar 2014 by Leave a Comment
O’Neill sacks two more Cabinet ministers, Exxon expects LNG exports to start early and Ok Tedi Mining profits plunge 80%. Your weekly digest of the latest business news.
In brief: moves to reserve small business for locals, Ok Tedi orders stayed and BSP profits up
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5 Mar 2014 by 2 Comments
Moves to reserve small businesses for locals, Court rescinds orders preventing Ok Tedi from dumping waste and BSP records 11% profit increase. Your digest of the week’s business news.
In brief: new Petroleum Minister, Oil Search bond buyback and other stories
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26 Feb 2014 by Leave a Comment
PNG’s new Petroleum Minister, officials in Abu Dhabi to negotiate Oil Search bond buyback, and the cost of Manus Detention Centre detailed. Your weekly digest of the latest business news.
Ok Tedi restructures as metal prices fall; happy with ‘independence’ commitment
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7 Aug 2013 by
Prime Minister O’Neill’s promise to leave the management of Ok Tedi Mining Ltd in place when his government takes over the mine is ‘very reassuring’, according to the company’s managing director, Nigel Parker.
In brief: PNGSDP divests assets, a new trade treaty with Australia and Bougainville to export copra oil
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12 Feb 2014 by Leave a Comment
PNGSDP begins divesting assets, a new trade treaty with Australia and Bougainville prepares to export copra oil. Your weekly digest of the week’s business news.
People moves: Moni Plus
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31 Jul 2013 by
New forex and asset finance heads for Moni Plus, while Ok Tedi Mining loses its corporate communications head.
‘Just like riding a tiger’: Ok Tedi Mining’s CEO reflects on a momentous year
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9 Dec 2013 by
It’s been an ‘momentous’ year for Ok Tedi Mining Limited, according its CEO, Nigel Parker. Business Advantage PNG spoke to him about a tough year for Papua New Guinea’s largest mine and its likely future.
Mining and petroleum in Papua New Guinea face contrasting fortunes, says Chamber head
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27 Nov 2013 by
Next week’s Papua New Guinea Mining and Petroleum Seminars in Port Moresby will highlight the increasing divergence in fortunes of PNG’s mining and petroleum sectors, according to Greg Anderson, Executive Director of the Papua New Guinea Chamber of Mines and Petroleum.
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