A landmark memorandum of understanding between the PNG government and the Wafi-Golpu Joint Venture participants, Newcrest Mining and Harmony Gold, marks the key step towards the granting of a special mining lease for the Wafi-Golpu copper-gold mine, the application for which was first lodged back in August 2016.
Latest agreement puts Wafi-Golpu copper/gold project back on track
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19 Apr 2023 by 5 Comments
Economic update 2023: Papua New Guinea’s year of gearing up
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28 Mar 2023 by 3 Comments
With the worst of the COVID pandemic behind it, Papua New Guinea is preparing itself for a decade of sustained economic growth. While the investments that will drive this growth are still being finalised, business leaders tell Business Advantage PNG the country is already starting to get ready.
In brief: Papua New Guinea’s banking sector gets ready for more competition and other business stories
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15 Feb 2023 by Leave a Comment
Central Bank awards in principle banking licence to Credit Corporation, Japanese delegation visits proposed Special Economic Zone locations in Papua New Guinea, and Newmont’s proposal to combine with Newcrest Mining. Your business news in summary.
2023: what can Papua New Guinea business expect from the year ahead?
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18 Jan 2023 by Leave a Comment
Business Advantage PNG looks to the year ahead and considers what Papua New Guinea-focused businesses can expect in the coming 12 months.
Marape flags new resources regime for Papua New Guinea
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7 Dec 2022 by Leave a Comment
Opening the 16th Papua New Guinea Mining and Petroleum Investment Conference in Sydney, Prime Minister James Marape has warned investors that changes are coming to Papua New Guinea’s resources regime.
People moves: New Porgera Limited, Black Swan, Mayur Resources
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19 Oct 2022 by Leave a Comment
New Porgera Limited welcomes members to its Board, Black Swan International PNG appoints new General Manager and Mayur Resources announces Executive Chairman.
In brief: New Porgera Limited close to applying for special mining lease and other stories
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12 Oct 2022 by Leave a Comment
Barrick executives visit Papua New Guinea for talks about a Special Mining Lease for Porgera, PNG welcomes back cruise ships, and Department of Trade and Investment to become a ‘one-stop shop’ for foreign investments. Your business news in a nutshell.
Letter from Lae [Opinion]
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12 Oct 2022 by Leave a Comment
Lae, Papua New Guinea’s industrial and logistics hub, is benefiting from substantial new public and private sector investment. The president of its chamber of commerce, John Byrne, provides an update to Business Advantage PNG.
In brief: Barrick’s boss visits Papua New Guinea to talk about Porgera and other business stories
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28 Jul 2022 by Leave a Comment
Barrick says ‘all we need is for a shareholders agreement’ to restart Porgera, Air Niugini outperforms Australian airlines, and Harmony Gold indicates Wafi-Golpu’s negotiations continue to progress. The business news you need.
In brief: PNGEITI head says Porgera needs to reopen soon and other business stories
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29 Jun 2022 by Leave a Comment
Calls for the reopening of Porgera gold mine and compensation, BSP Financial Group Ltd files a Supreme Court reference on new income tax, and Lae City to get a new market. The business news you need.
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