Blockade of PNG LNG site now its second week, Trade Minister threatens Fiji over refusal to import PNG products, and fears of job losses if rice import quotas introduced. 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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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.
Entrepreneurs: Larry Andagali, Trans Wonderland
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An entrepreneur who has gone from a career in teaching to being appointed to the board of the National Petroleum Company, potentially one of the the most important companies ever established Papua New Guinea. We trace the remarkable journey of Larry Andagali, Managing Director of landowner company Trans Wonderland Limited. A teacher by training, Larry Andagali’s […]
People moves: executive moves and changes relevant to Papua New Guinea
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National Petroleum Company gets acting MD and board Wapu Sonk has been appointed Acting Managing Director of Papua New Guinea’s newly-revived National Petroleum Company. The company’s board will be chaired by Kramer Ausenco Chief Executive Officer Frank Kramer, and will include Trans Wonderland Managing Director Larry Andagali, Secretary of the Department of Public Enterprises Mathias […]
Landowner Companies Aiming High
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Papua New Guinea’s landowner companies have been around for a while, but the current resources boom—particularly the PNG LNG Project—has significantly increased their opportunities. Perhaps the best-known landowner business is NCS, owned by landowners on Lihir Island (home to the Lihir gold mine). NCS has established a profitable core business of catering and mining camp […]
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