Papua New Guinea Investment Conference ‘a resounding success’

The Business Advantage Papua New Guinea Investment Conference was held last week in Sydney, successfully showcasing the nation’s potential as an investment destination and canvassing different views from the business community about the opportunities and challenges. A clear picture of the country’s—and the Pacific region’s—great untapped potential emerged.

In brief: Second mining company in play to revive Panguna copper mine, and other business stories

Australian miner with links to Bougainville landowners bids to restart Panguna, research into boosting tourism in East New Britain and Milne Bay, and ABAC prepares paper on life after mining projects. Your weekly digest of the latest business news.

In brief: Sir Michael Somare retires after 49 years in politics, and other business stories

Founding Prime Minister retires, new US Embassy to be built, NRI questions land allocation for petroleum park. Your weekly digest of the latest business news. Papua New Guinea’s longest serving MP and first Prime Minister, Grand Chief Sir Michael Somare, has bowed out of politics after 49 years. The former Prime Minister said at an NBC Press Club interview […]

Anitua’s key priorities are expansion and self-reliance says incoming CEO of Papua New Guinea’s largest landowner group

Anitua’s independence strategy, known as the ‘Lihir Destiny’, for Papua New Guinea’s largest and most successful landowner company will continue under its new CEO, John Gethin-Jones. He tells Business Advantage PNG that key focusses are constant review of activities and staff development.

Papua New Guinea business getting serious about eliminating gender violence

There has been a significant change in attitude towards how Papua New Guinea businesses can contribute towards eliminating gender violence in the country in the past year. Business Advantage PNG looks at the innovative program being run by one of country’s leading landowner companies, Anitua.

In brief: Tolukuma gold mine sale to lead to restart of operations, and other business stories

Singapore company aims to recapitalise and restart Tolukuma gold mine, NPCP to contribute K450 million to Supplementary Budget, and PNG Defence Force ventures into business. Your weekly digest of the latest business news.

New affordable houses project in Port Moresby a model for elsewhere in Papua New Guinea

The construction of 100 affordable houses in Port Moresby will be the launchpad for similar projects elsewhere in Papua New Guinea, predicts Joe Webb, the Managing Director of Australian joint venture partner Amode.

In brief: Oil Search adapts to changing market conditions, and other business stories

LNG focus for Oil Search, ANZ warns on debt risk, and Barrick plans to offload Porgera mine. Your weekly digest of the latest business news.

Services companies hopeful of improving mining conditions in Papua New Guinea

Services companies and contractors are often a casualty of a mining industry downturn. Business Advantage PNG talks to companies servicing the sector in Papua New Guinea about how they have coped with the downturn and the potential for a turnaround in the country.

In brief: K2 billion boost for roads and bridges, and other business stories

Japan funding K2 billion for roads and bridges, the National Executive Council prevents PNG Power from defaulting on overdraft and PanAust buys 80% share of Frieda River project. Your weekly digest of the latest business news.