In this exclusive interview, Barrick Gold’s President and Chief Executive Mark Bristow talks about the deal he made to restart the Porgera gold mine, the road to returning it to full production, and why addressing law and order is critical.
Kumul Minerals head: Wafi-Golpu contract to be completed by mid-2024
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4 Jun 2024 by Leave a Comment
Sarimu Kanu, Managing Director of state-owned miner Kumul Minerals Holdings, gives an update on the progress of the Wafi-Golpu mine project to Business Advantage PNG, and outlines the company’s strategy to consolidate some of Papua New Guinea’s smaller mining projects.
Resources boom to usher in ‘the most exciting ten years’ for Papua New Guinea: Prime Minister Marape
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31 Jan 2024 by Leave a Comment
James Marape, PNG’s Prime Minister, speaks exclusively about PNG’s next decade of economic growth, which he describes as potentially the most exciting in the nation’s history.
New Porgera Chairman announces reopening date for gold mine
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13 Dec 2023 by Leave a Comment
The Porgera gold mine in Papua New Guinea’s Enga Province will officially restart on 22 December, according to the Managing Director of Kumul Minerals Holdings, Sarimu Kanu, who is also Chairman of New Porgera Limited, the new operator of the mine.
Conference catches Papua New Guinea of the cusp of a new era of investment
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21 Aug 2023 by Leave a Comment
Investment and partnership opportunities were a focus at this year’s 2023 Business Advantage Papua New Guinea Investment Conference in Brisbane, with numbers exceeding pre-COVID levels.
Final steps towards the reopening of Porgera gold mine now under way
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19 Jul 2023 by 1 Comment
After over three years’ closure, the final formalities required to reopen the Porgera gold mine in Papua New Guinea’s Enga Province are now being processed under the supervision of the Mineral Resources Authority. Business Advantage PNG spoke to the MRA’s Managing Director, Jerry Garry, for an update.
In brief: Porgera’s Special Mining Lease application lodged and other business stories
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21 Jun 2023 by 1 Comment
Special Mining Lease application for the Porgera mine lodged, Japanese company JX Nippon to hold a stake of Papua LNG, and Papua New Guinea’s first green finance policy launched. Your business news in summary.
Opinion: Reversing rural decline in Papua New Guinea
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16 Jun 2023 by Leave a Comment
Economist and lecturer Andrew Anton Mako, who left his own rural community at the age of 13 in search of an education, outlines what is needed to reverse the decline of many of Papua New Guinea’s rural communities.
In brief: Papua LNG spending to help revive forex market and other business stories
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5 Jun 2023 by Leave a Comment
Papua LNG spending to help restore Papua New Guinea’s foreign exchange market, Bank of China opens representative office in Port Moresby and New Porgera clarifies future payments to Barrick.
In brief: Mining lease transferred to New Porgera and other business stories
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27 Apr 2023 by Leave a Comment
Barrick Niugini and Kumul Mineral Holdings transfer Porgera special mining lease to New Porgera, Nadzab Airport expected to be completed by August and Geopacific Resources completes capital raising. Your business news in brief.
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