Resources sector needs legislation that will position it for the future: Chamber

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1 Mar 2016 by David James Leave a Comment

Papua New Guinea’s approach to mining and resources legislation, currently under review, will be critical to positioning the country for the next upswing in prices, claims Greg Anderson, executive director of the PNG Chamber of Mines and Petroleum.

Filed Under: Interviews, Mining/petroleum Tagged With: Harmony Gold, Highlands Pacific, Ok Tedi Mining Ltd (OTML), PanAust, Papua New Guinea Chamber of Resources and Energy (PNG CORE), Wafi-Golpu

In brief: Port Moresby Chamber backs Northern Australia development for Papua New Guinea, and other business stories

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24 Jun 2015 by Business Advantage PNG 1 Comment

Port Moresby Chamber applauds development of Northern Australia, Papua New Guinea well-placed on global LNG stage, and SP Brewery launches new brew. Your weekly digest of the latest business news.

Filed Under: In brief, Latest news, News Tagged With: Bougainville Experience Tours, Department of Agriculture and Livestock, Frontier Resources, Gold Ridge gold mine, Guangdong Rising Asset Management, Mineral Resources Authority, Moody's, Pacific Games, PanAust, PNG LNG, Port Moresby Chamber of Commerce and Industry, SP Brewery, Wafi-Golpu

Bright spots, but challenges remain for Papua New Guinea’s mining sector

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10 Jun 2015 by Business Advantage PNG Leave a Comment

Despite some positive developments for the mining sector in Papua New Guinea, the industry continues to face funding challenges for critical exploration activity, the PNG Chamber of Mines and Petroleum’s Greg Anderson tells Business Advantage PNG.

Filed Under: Features, Mining/petroleum Tagged With: Anglo American, Highlands Pacific, PanAust, Papua New Guinea Chamber of Resources and Energy (PNG CORE), PNG LNG, Wafi-Golpu

In brief: Treasury to review 2015 Papua New Guinea Budget, and other business stories

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27 May 2015 by Business Advantage PNG Leave a Comment

Falling commodity prices and rating outlook drop prompts Budget review, O’Neill supports Madang marine zone and new police chief to boost numbers in Port Moresby. Your weekly digest of the latest business news.

Filed Under: In brief, Latest news, News Tagged With: Asia Pacific Coconut Community, Autonomous Bougainville Government (ABG), Bank of Papua New Guinea, Barrick Gold, Bima, BSP Financial Group, Credit Corporation, Department of Treasury, Guangdong Rising Asset Management, Hawkins Group, Melanesian Tourist Services, Moody's, Newcrest Mining, Pacific Financial Inclusion Programme, Pacific Marine Industrial Zone, PanAust, Solomon Islands, Tropicair, Trukai Industries, Zijin Mining

In brief: Court refuses to hear Ok Tedi claim, and other business stories

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13 May 2015 by Business Advantage PNG Leave a Comment

International court refuses to hear claim about government takeover of Ok Tedi mine, five percent aid cut to PNG and trial export of fresh vegetables to Fiji. Your weekly digest of the latest business news. The International Court for the Settlement of Investment Disputes has declined to hear PNG Sustainable Development Program’s claims against the Government […]

Filed Under: In brief, Latest news, News Tagged With: aid, China Harbour Engineering Company Ltd, Guangdong Rising Asset Management, Innovative Agro Industry, Mineral Resources Authority, Nautilus Minerals, Oil Search Ltd, PanAust, Papua New Guinea Sustainable Development Program (PNGSDP), Repsol, rice, Santos, Swire Shipping, Talisman Energy, Trukai Industries, Woodside Petroleum

In brief: Salini-Impregilo to develop Papua New Guinea’s biggest hydro project, and other business stories

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29 Apr 2015 by Business Advantage PNG

Italian firm to construct giant Chimbo hydro dam, SOEs’ assets valued at K20 billion, and development concept for Elk-Antelope expected by mid-year. Your weekly digest of the latest business news.

Filed Under: In brief, News Tagged With: Air Niugini, Asian Development Bank (ADB), BSP Financial Group, China Shenyang International Economics and Technical Cooperation Corporation, Digicel (Parent company and all subsidiaries), ExxonMobil PNG, Guangdong Rising Asset Management, Hilton, Newcrest Mining, Pacific Marine Industrial Zone, PanAust, Papua LNG, PNG LNG, PNG Power, Salini-Impregilo, Solomon Islands, Telikom PNG, Trukai Industries

In brief: relocation of Port Moresby Port to Motukea Island site backed by review, and other business stories

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8 Apr 2015 by Business Advantage PNG

Motukea Island a ‘suitable site’ for Port relocation, majority of Papua New Guinea SMEs in retail, and PNG first Pacific nation to join alliance. Your weekly digest of the latest business news.

Filed Under: In brief, Latest news, News Tagged With: ANZ, Asia Pacific Economic Cooperation (APEC), Barrick Gold, Bougainville Copper Ltd, Coffee Industry Corporation (CIC), Department Trade Commerce and Industry, Golder Associates, Kokonas Indastri Koporesen, Mineral Resources Authority, Motukea Island, National Research Institute, Nautilus Minerals, Newcrest Mining, Oil Search Ltd, PanAust, PNG Power, SP Brewery, Steamships

In brief: Treasurer Pruaitch calls for tighter regulations to prevent Kina falling, and other business stories

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1 Apr 2015 by Business Advantage PNG Leave a Comment

Companies and dealers ‘adversely affected’ foreign exchange availability in Papua New Guinea, Bougainville Government considers large-scale mining, and Asian Development Bank commits K1.7 billion to PNG. Your weekly digest of the latest business news.

Filed Under: News Tagged With: Asian Development Bank (ADB), Autonomous Bougainville Government (ABG), Bank of Papua New Guinea, Coffee Industry Corporation (CIC), Department of Mineral Policy, ExxonMobil PNG, Independent Consumer and Competition Commission, Kina Petroleum, New Britain Palm Oil (NBPOL), PanAust, Parties to the Nauru Agreement, PNG Power, Santos, Secretariat of the Pacific Community

In brief: Newcrest output at Lihir ‘below expectations’ despite improvement, and other business stories

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4 Feb 2015 by Business Advantage PNG Leave a Comment

Production issues hit Newcrest, Digicel launches cloud-based product, and Mitsui delivers PNG LNG carrier. Your weekly digest of the latest business news.

Filed Under: In brief, Latest news, News Tagged With: BSP Financial Group, Coffee Industry Corporation (CIC), Department of Education, Digicel (Parent company and all subsidiaries), European Union, Fiji, Mitsui, National Airports Corporation, National Research Institute, Nautilus Minerals, Newcrest Mining, Oil Search Ltd, PanAust, PNG Customs Services, PNG LNG, St Barbara Ltd, Standard & Poor’s (S&P), Trukai Industries, Westpac

In brief: PNG LNG project plans investment decision on third train in 2017, and other business stories

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21 Jan 2015 by Business Advantage PNG

PNG Government signs agreement with PNG LNG project partners, UN expects significant economic growth in PNG, and National Petroleum Company to revise annual plan following oil crash. Your weekly digest of the latest business news.

Filed Under: In brief, Latest news, News Tagged With: Coffee Industry Corporation (CIC), Credit Suisse Group, ExxonMobil PNG, Horizon Oil, Institute of National Affairs, Kumul Petroleum, Nambawan Super, NASFUND, Oil Search Ltd, Ok Tedi Development Foundation, PanAust, PNG LNG, PNG Petroleum, Santos

Industry update: Papua New Guinea’s mining and gas project pipeline starts to flow

After a decade focused on existing minerals and hydrocarbons production, Papua New Guinea is gearing up for an anticipated wave of … [Read More...]

Exclusive: Barrick CEO Mark Bristow’s vision for Porgera gold mine

In this exclusive interview with Business Advantage PNG, Barrick Gold’s President and Chief Executive Mark Bristow talks about the … [Read More...]

Report from the 2024 Papua New Guinea Investment Conference

This week's 2024 Business Advantage PNG Investment conference saw top speakers from across the business sector and government come … [Read More...]

Australia’s new Pacific Engagement Visa an ‘opportunity’ for PNG businesses

Australia launched its inaugural Pacific Engagement Visa ballot on 3 June, with Papua New Guinea receiving the largest allocation. … [Read More...]

Four questions with Chris Riddell, keynote speaker at 2024 PNG Investment Conference
Chris Riddell, renowned futurist and former Chief Digital Officer at Mars, tells Business Advantage PNG why the chaos of our modern world presents an excellent opportunity for business leaders. Business Advantage PNG (BAPNG): What are the key things business leaders tell you they are worried about as far as the future is concerned? Chris Riddell […]
Registrations are open 2024 Papua New Guinea Investment Conference
Registrations are now officially open for the 2024 Business Advantage Papua New Guinea Investment Conference. The conference will take place in Brisbane, 12 and 13 August, at the premium Plaza Auditorium at Brisbane Convention and Exhibition Centre, South Brisbane. On Day 1 the futurist Chris Riddell, former Chief Digital Officer at Mars will deliver the keynote address. On Day 2 Matt Dri, Secretary, Cyber […]
Papua New Guinea’s premier business magazine to publish a special mining and energy edition
With a strong decade on the horizon for mining and energy in Papua New Guinea, Business Advantage PNG is set to publish its first special edition devoted solely to these sectors. As PNG’s resources sector gears up for an anticipated decade or more of new investment, with an estimated US$50 billion pipeline of projects lined […]