The global economic crisis triggered by COVID-19 outbreak has increased the urgency for Papua New Guinea to facilitate mining projects, which are the biggest providers of crucial foreign exchange. Business Advantage PNG speaks exclusively PNG’s Mineral Resources Authority about where the sector is heading.
Digging deeper: Mineral Resources Authority confident about the future of Papua New Guinea’s mining sector
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27 Apr 2020 by 2 Comments
In brief: lease extension for Papua New Guinea’s Porgera mine refused and other business stories
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26 Apr 2020 by Leave a Comment
Papua New Guinea to take over Porgera Mine, Mining Minister is looking to restart Wafi-Golpu discussions and Shadow Treasurer urges the introduction of a supplementary budget. The business news you need to kickstart you week.
In brief: good news for Wafi-Golpu and other business stories
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17 Feb 2020 by 3 Comments
Wafi-Golpu Joint Venture partners receive ‘green light’ to engage in discussions with the State of Papua New Guinea, petroleum licences owe over K10 million and Gerehu to NiuPower gas plant transmission lines completed. The business news you need to kick-start your week.
In brief: new export tax levy could break the forestry industry and other business stories
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27 Jan 2020 by Leave a Comment
Forestry industry says new export tax levy could spell the end, Wafi-Golpu Joint Venture to lay off employees and P’nyang negotiations edge towards deadline. The business news you need to kick-start your week.
Newcrest Mining still waiting to resume discussions over ‘premier’ Wafi-Golpu project, says senior executive
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30 Oct 2019 by Leave a Comment
Newcrest Mining Ltd is still waiting to resume discussions with the Papua New Guinea government to grant a Special Mining Lease to start developing the Wafi-Golpu gold-copper project. The enforced delay has given the company license to focus on its other projects, reports David James.
Prime Minister Marape flags more support for small business and less for future resources projects
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18 Oct 2019 by Leave a Comment
Prime Minister James Marape has outlined a two-pronged economic strategy to boost Papua New Guinea’s economy. He has also commented on the government’s attempts to manage the country’s rising debt, reports David James.
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.
A tale of two cities: why successful investment in Lae is a boost for Port Moresby
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25 Sep 2019 by Leave a Comment
Lae, Papua New Guinea’s second-largest city, is again emerging as a key location for investment. Far from drawing investors away from capital Port Moresby, a buoyant Lae could actually be good for both cities, say representatives from the two cities’ business chambers.
In brief: Oil and Gas Act to be amended and other business stories
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9 Sep 2019 by Leave a Comment
Changes to the Oil and Gas Act, Prime Minister James Marape has announced that he wants to get the Wafi-Golpu gold mine ‘operational at the soonest’, and opposition leader Patrick Pruaitch has presented a case to challenge Marape’s election as prime minister. Your weekly digest of business news.
The intensifying debate over the future of Papua New Guinea’s mining industry
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19 Aug 2019 by Leave a Comment
The mining industry needs government help to solve an exploration crisis, according to industry representatives. But government bodies are saying there needs to be a better sharing of the rewards in the national interest. Business Advantage PNG looks at the contrasting views of the industry and the state.
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