There is growing concern in Papua New Guinea’s mining industry that changes to the Mining Act will discourage investment in the sector. The Executive Director of the PNG Chamber of Mines and Petroleum, Professor Albert Mellam, has said the mining sector is ‘strongly opposed’ to the revised Act.
Papua New Guinea’s mining sector concerned about revised Mining Act
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3 Jul 2018 by Leave a Comment
In brief: Foreign exchange reserves to be about US$2 billion by year’s end, and other business stories
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11 Apr 2018 by
Rise in foreign exchange reserves expected, K1.3 billion required annually for road maintenance work, and Ramu nickel project to have 35 year life. Your weekly digest of the latest business news.
In brief: Total to build separate LNG pipeline, and other business stories
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11 Jul 2017 by Leave a Comment
Competition concerns prompt Total to build separate LNG pipeline, NICTA chief admits PNG has no cyber attack defence mechanisms, and BCL to step up community engagement. Your weekly digest of the latest business news.
People moves: Chamber of Mines and Petroleum, Finnish Ambassador, Telikom PNG, DLIR
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6 Jun 2017 by Leave a Comment
A new Executive Director at the Papua New Guinea Chamber of Mines and Petroleum, the new Finnish Ambassador, new acting Chief Executive Officer at Telikom PNG, and new Acting Secretary at DLIR.
Policy flexibility needed for maturing mining industry says Nautilus Minerals CEO
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15 May 2017 by Leave a Comment
Mineral deposits are becoming increasingly difficult to develop and the mining industry is looking to the Papua New Guinean Government to deliver flexible policies that will benefit a maturing industry, Nautilus Minerals Chief Executive Officer, Mike Johnston tells Business Advantage PNG.
‘Roller coaster ride’ is forcing gas players to aggressively pursue efficiencies says President of PNG Chamber of Mines and Petroleum, Gerea Aopi
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23 Jan 2017 by 1 Comment
Large scale gas projects suit multi-operators, says Gerea Aopi, President of the PNG Chamber of Mines and Petroleum. He tells Business Advantage PNG that this allows operators in Papua New Guinea to spread the fixed costs, which is one way that the industry is looking for productivity improvements.
Papua New Guinea’s resources sector still has some ‘bright stars’, says Anderson
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19 Oct 2016 by Leave a Comment
Times are undoubtedly tough in Papua New Guinea’s mining and petroleum sector, but as the industry prepares for its biennial conference in Sydney in December, the PNG Chamber of Mines and Petroleum’s Greg Anderson tells Business Advantage PNG there are still ‘bright stars’ to get excited about.
In brief: InterOil sale may raise competition issues and other business stories
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27 Jul 2016 by 1 Comment
Competition Commission concerned about possible monopoly in gas sector, O’Neill to issue statement on government shareholding in BCL and ANZ Bank CEO says there may be a need for a Supplementary Budget. Your weekly digest of the latest business news.
Papua New Guinea’s economy under pressure but fighting back
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12 Apr 2016 by Leave a Comment
Global and domestic factors have combined to slow Papua New Guinea’s economy. However, as Andrew Wilkins discovers, the Pacific nation’s business leaders are still confident about its future prospects.
In brief: Asian Development Bank downgrades Papua New Guinea’s growth outlook, and other business stories
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6 Apr 2016 by 1 Comment
Papua New Guinea’s growth forecast downgraded by Asian Development Bank, Bank of PNG says growth this year will partly be driven by non-mineral sector activity, plus claims PNG’s global corruption rating will depend on government commitment to accountability. Your weekly digest of the latest business news.
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