Banks vie to renew government’s loan for shares in Oil Search, structural faults in Phase One of new Lae port, OK Tedi to resume operations next month. Your weekly roundup of the latest business news.
In brief: Papua New Guinea preparing to refinance Oil Search share loan, and other business stories
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10 Feb 2016 by Leave a Comment
In brief: Ok Tedi mine may resume operations in March, and other business stories
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20 Jan 2016 by
The Ok Tedi mine expected to start again in March, the US formally withdraws from fishing treaty, and unions call on government to honour superannuation commitments. Your weekly digest of the latest business news.
Restructure will see 25% reduction of Ok Tedi staff and switch to ‘fly in-fly out’ operation at Papua New Guinea mine
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9 Dec 2015 by 3 Comments
PNG’s state-owned mine is undergoing a radical restructuring which will result in a 25% workforce cut and see the company move to a Fly-In, Fly-Out operation, says Managing Director and CEO, Peter Graham.
Papua New Guinea mining and petroleum conference to emphasise need for stability: Chamber
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19 Nov 2015 by Leave a Comment
Regulatory stability, and how industry and Government can work together to deliver ‘shared benefits’ will be key themes of next week’s Papua New Guinea Mining and Petroleum Seminar in Port Moresby, according to PNG Chamber of Mines and Petroleum Executive Director, Greg Anderson.
Second mine suspension in Papua New Guinea highlights drought impact
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21 Oct 2015 by Leave a Comment
The suspension of a second mine in Papua New Guinea has highlighted the impact of the El Nino drought, which is also severely affecting the agriculture industry. Just how long the drought continues for will determine the long-term effects, according to Paul Barker, the Executive Director of the Institute of National Affairs.
Profile: Engineer’s passion to improve access to power in Papua New Guinea
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14 Oct 2015 by Leave a Comment
For more than 30 years, Finkewe Zurecnuoc has been a trailblazer for female engineers in Papua New Guinea. The PNG Power board member is now focusing on using her professional experience to help improve accessibility to power in remote areas.
In brief: India expresses interest in buying Papua New Guinea LNG, and other business news
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27 Aug 2015 by
O’Neill says India keen to buy PNG gas, industry divided over vegetable import ban, and Konebada Petroleum Park Authority signs feasibility study deal. Your weekly digest of the latest business news.
Papua New Guinea mining sector: not all bad news
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12 Aug 2015 by 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.
In Brief: O’Neill urges Papua New Guinea to produce ‘more high-quality exports’, and other business stories
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12 Aug 2015 by Leave a Comment
More high-quality exports needed for PNG, new approaches will assist PNG in meeting energy demand, and Japan’s Pan Pacific expects copper recovery. Your weekly digest of the latest business news.
Ok Tedi mine closure could cost Papua New Guinea K2.7 billion
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5 Aug 2015 by 2 Comments
The El Nino weather pattern which has seen the temporary closure of the Ok Tedi mine could potentially last for up to a year, according to former senior PNG agriculture business executive, Bob Hansen, adding the loss of mining income could be as much as K2.77 billion a year.
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