O’Neill not interested in buying Rio Tinto’s 53% of Bougainville Copper Limited, central bank governor warns government to restrain spending, and kina falls against most currencies in September quarter. Your weekly digest of the latest business news.
In brief: O’Neill says Papua New Guinea government has no interest in owning Panguna mine, and other business stories
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13 Jan 2016 by Leave a Comment
In brief: mini-budget on the way for Papua New Guinea, and other business stories
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10 Jun 2015 by Leave a Comment
PNG Government likely to prepare mini-budget, Pacific Assurance Group urges Bank of PNG to lift restrictions, and Lihir mine temporarily ceases operations. Your weekly digest of the latest business news.
In brief: National Petroleum Company prepares to raise investment billions, and other business stories
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15 Apr 2015 by Leave a Comment
National Petroleum Company to appoint a specialist debt-raising adviser for new oil and gas projects, Treasury says public debt above 35% limit and anti-corruption hotline more successful than expected. Your weekly digest of the latest business news.
What’s on the agenda for Papua New Guinea business in 2014?
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15 Jan 2014 by Leave a Comment
The coming year looks promising for Papua New Guinea business, with the giant PNG LNG project due to commence gas exports, and further investments looking likely. Meanwhile, eyes are on the O’Neill Government to see how it can improve the operating environment for business. Business Advantage PNG looks ahead to consider what 2014 may bring.
Bougainville leaders consider lifting exploration moratorium
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9 Jul 2013 by
Bougainville leaders are considering lifting the moratorium on mineral exploration which has been in place since the 1970s, in case the Panguna gold and copper mine does not re-open.
Interview: John Momis, President, Autonomous Bougainville Government
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9 Jul 2013 by Leave a Comment
The President of Bougainville, John Momis, wants work on restarting the giant Panguna gold and copper mine later this year, and says the former leader of the Bougainville Revolutionary Army, Sam Kuona, now supports re-opening the mine. In this exclusive interview with Business Advantage PNG, he outlines the steps now needed to restart operations.
Bougainville mine could re-open within two years: landowners
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19 Jun 2013 by
The newly-appointed head of the Bougainville landowners group is cautiously optimistic that work to re-open the giant Panguna copper and gold mine could begin within two years.
Mining update: Papua New Guinea defies world trends
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1 May 2012 by Leave a Comment
Minerals sector enjoys its winnings while industrialised world struggles with debt crises. Papua New Guinea’s minerals sector has been sitting in a sweet spot in the past year, with prices for major commodities rising while much of the industrialised world is in a debt-induced funk. The gold price has risen from lows of $US1320 an […]
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