The Ramu 2 hydro power station looks to be on track, Mining Minister says there is interest again in Solwara 1 deep sea mining project and the IMF makes sizeable contribution to Papua New Guinea’s economy. Your business news today. Government The International Monetary Fund (IMF) has agreed to provide a 38-month US$918 million (K3.23 […]
In brief: Papua New Guinea’s Ramu 2 project on track and other business stories
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27 Mar 2023 by Leave a Comment
In brief: Papua New Guinea announces plans for ‘partial privatisation’ of state-owned enterprises and other business stories
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2 Mar 2020 by 1 Comment
Papua New Guinea’s Minister for State Enterprises announces plans for ‘partial privatisation’ of state-owned enterprises, P’nyang negotiations between ExxonMobil and PNG could resume and company reporting season. The business news you need to kickstart your week.
In brief: World Bank releases new economic outlook for Papua New Guinea and other business stories
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8 Feb 2020 by Leave a Comment
The World Bank predicts slower GDP growth for Papua New Guinea, P’nyang could still be on the table and fibre optic cable landing to start in Vanimo. The business news you need to kick-start your week. Resources Patrick Pouyanne, CEO of the French oil and gas company Total, has said that ExxonMobil and PNG need […]
Papua New Guinea’s Mineral Resource Authority orders closure of Ramu Nickel processing plant
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28 Oct 2019 by Leave a Comment
Papua New Guinea’s Mineral Resource Authority has ordered the indefinite closure of Ramu Nickel processing plant operations after it failed to comply with 16 remedial measures issued following a slurry spill into Basamuk Bay on August 24.
Mining in Papua New Guinea: a sector profile
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10 Oct 2019 by Leave a Comment
A profile of the mining sector in Papua New Guinea, including mining companies, licenses and leases and tax incentives.
The Marape Manifesto: Prime Minister announces bold new course for Papua New Guinea
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18 Sep 2019 by 1 Comment
Papua New Guinea’s Prime Minister, James Marape, has issued The Marape Manifesto, a blueprint outlining his priorities in government. It flags some big changes, especially in the resource sector. David James explores.
MRA executive calls for better protection of mining tenements in Papua New Guinea
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6 Dec 2017 by 3 Comments
The next decade could be a ‘golden’ one for the mining sector, believes Roger Gunson, Executive Manager, Regulatory Operations at the Mineral Resources Authority. But he has called for changes to Papua New Guinea’s government policy to better protect mining tenements.
Increasing global battery demand will drive higher nickel & cobalt prices, predicts Highlands Pacific MD
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22 Sep 2017 by Leave a Comment
As demand for electric cars gather pace, Papua New Guinea’s Ramu mine is perfectly placed to be a big provider of the nickel and cobalt, both essential ingredients for these hi-tech batteries. Craig Lennon, Managing Director of Highlands Pacific told the Business Advantage Papua New Guinea Investment Conference in Sydney that both commodities are hot.
Highlands Pacific shifts strategy to focus on controlling projects in Papua New Guinea
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6 Jun 2017 by Leave a Comment
Highlands Pacific is expanding its focus from large projects and exploration, to controlling interests in smaller projects offering near term returns. Highlands Pacific Managing Director, Craig Lennon, tells Business Advantage PNG it is a response to market changes.
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