Papua New Guinea Sustainable Development Program Ltd appears to be resigned to losing its main asset, the Ok Tedi mine, to the PNG Government. What are the implications if the takeover goes ahead?
Papua New Guinea Sustainable Development Program at turning point: Sir Mekere’s speech
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6 Jun 2013 by Leave a Comment
Papua New Guinea Sustainable Development Program Limited has been under heavy political pressure to relinquish is majority ownership of PNG’s largest mine, Ok Tedi. In this speech, delivered at the announcement of the company’s 2012 annual report this week, PNGSDP Chairman Sir Mekere Morauta appears to concede the loss of Ok Tedi, arguing for a sale on fair terms, and ponders both the future of PNG’s largest mine, and his own organisation.
Papua New Guinea Sustainable Development Program fights back with ‘the facts’ on Ok Tedi
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17 Apr 2013 by 1 Comment
The ownership structure of the Ok Tedi mine ‘had stood the test of time’ and there was ‘no good reason to change it,’ according to Chairman of Papua New Guinea Sustainable Development Program Limited (PNGSDP), Sir Mekere Morauta.
PM O’Neill flags major restructure of Papua New Guinea’s state-owned assets
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10 Apr 2013 by
Papua New Guinea’s Prime Minister, Peter O’Neill, has confirmed the government will restructure the country’s interests in oil, gas and mining resources into two separate mining and petroleum companies. All other state-owned enterprises will be absorbed into a third holding company.
Mystery remains over possible new ownership structure for Ok Tedi mine
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27 Mar 2013 by 2 Comments
While Papua New Guinea’s Prime Minister Peter O’Neill says the ‘marriage’ between the two owners of the Ok Tedi copper mine in Papua New Guinea’s Western Province is over, the method of divorce remains a mystery for the time being.
People Moves: executive moves and changes relevant to Papua New Guinea
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29 Jan 2013 by Leave a Comment
Ross Garnaut resigns from Ok Tedi Economist Ross Garnaut resigned this month as Chairman of OK Tedi Mining Ltd, citing the difficulties of fulfilling his duties following the travel ban to PNG imposed on him by PNG’s PM Peter O’Neill in November 2012. Former PM Sir Mekere Morauta has been nominated to take over the position. He […]
Around the World: royal visit/Ross Garnaut/aviation
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21 Nov 2012 by Leave a Comment
Royal visit The recent visit to PNG by the Prince of Wales and the Duchess of Cornwall generated plenty of interest in the UK media. The Telegraph previewed the visit with one of the better travel articles we’ve seen on PNG and followed up with an excellent online photo gallery. PNG was also featured in Lonely Planet Founder Tony […]
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