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.
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
Newcrest approves Lihir mine expansion in Papua New Guinea
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1 Feb 2023 by 2 Comments
Newcrest Mining has approved a A$280 million (K696 million) expansion of its Lihir mine, following board endorsement of its Phase 14A feasibility study. The decision is set to deliver higher gold production and may extend mine-life.
In brief: Morobe government to revisit Hidden Valley agreement and other stories
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9 Nov 2022 by Leave a Comment
The Morobe government to revisit Hidden Valley agreement, PNG DataCo still repairing the cables broken in the September earthquake and the Investment Promotion Authority to get a new online registry before the year ends. Business news in summary.
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.
In brief: Wafi-Golpu agreement to contain risk funding provisions and other business stories
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27 Sep 2022 by Leave a Comment
Morobe Governor says Wafi-Golpu agreement will contain risk funding provisions, internet cable breakages set to take months to fix, and superannuation fund puts pressure on government over rent arrears. The business news you need today.
In brief: Papua New Guinea to explore free trade agreement with China and other business stories
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12 Sep 2022 by Leave a Comment
Free trade agreement with China to be explored, Papua New Guinea’s Immigration and Citizenship Authority reactivates instant visas, and Port Moresby to get new tower development. The business news today.
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: Wafi-Golpu mine negotiations reach ‘final leg’ and other business news
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15 Jun 2022 by Leave a Comment
MRA head says Wafi-Golpu mine negotiations are in their ‘final leg’, fuel prices expected to increase and coffee prices expected to drop. The business news you need this morning.
In brief: Landowners and the ABG agree to reopen Panguna and other business stories
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11 May 2022 by Leave a Comment
The Panguna Mine Landowner Clan Chiefs and the Autonomous Bougainville Government (ABG) agree to create a new entity to redevelop the Panguna mine, Telstra’s acquisition of Digicel PNG on track, and Papua New Guinea launches its National Employment Policy. The business news you need today.
In brief: Porgera gold mine inching closer to reopening and other business stories
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28 Feb 2022 by Leave a Comment
Papua New Guinea’s State Negotiation Team Chairman says Porgera mine could open in April and confirm the Team is also working on Wafi-Golpu, Air Niugini resumes in-flight catering and the Japanese Government donate funds for infrastructure projects. The news you need today.
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