In brief: K92 gets lease extension for Kainantu mine and other business stories

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Canadian company K92 Mining gets lease extension, PNG DataCo announces cables damaged after the September earthquake have been repaired and Kina Bank changes plans because of the raise in corporate tax. Your business news, curated and summarised.

Marape flags new resources regime for Papua New Guinea

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Opening the 16th Papua New Guinea Mining and Petroleum Investment Conference in Sydney, Prime Minister James Marape has warned investors that changes are coming to Papua New Guinea’s resources regime.

Papua New Guinea’s resources sector to gather in Sydney

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Next month’s 16th Papua New Guinea Mining and Petroleum Investment Conference in Sydney (5 to 7 December) will mark the event’s return for the first time since the COVID-19 pandemic. Business Advantage PNG previews what to expect.

People moves: Barrick (Niugini) Limited, POMCCI, PNG Chamber of Mines & Petroleum

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Barrick announces Country Manager for Papua New Guinea Operations, POMCCI welcomes new Chief Executive Officer and PNG Chamber of Mines & Petroleum appoints COO.

People moves: PNG Chamber of Mines and Petroleum

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The PNG Chamber of Mines and Petroleum announces historic appointment and other moves.

Marape moves to reassure Papua New Guinea’s mining and petroleum industry

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Papua New Guinea’s Prime Minister James Marape has confirmed draft changes to the country’s regulatory and fiscal regimes for PNG’s mining and petroleum sector will be circulated soon. But he has also reassured the sector that the changes, flagged for implementation in 2025, would be made ‘in consultation’.

People moves: PNG Chamber of Mines and Petroleum, Mayur Resources, National Gaming Control Board, Oil Search, National Executive Council

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A new president for the Papua New Guinea Chamber of Mines and Petroleum, a new head for Mayur Resources’ lime and cement business, Oil Search welcomes a Director, the National Gaming Control Board adds to its board, and a new Deputy Controller of the National Pandemic Response.

In brief: Chamber of Mines and Petroleum pledges to help Papua New Guinea with COVID-19 efforts and other business stories

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The PNG Chamber of Mines and Petroleum pledges to join help with COVID-19 efforts, news on the Simberi gold mine revised MOA and a new report highlights strategies to help the coffee industry. Your business news in brief.

Papua New Guinea at risk of losing foreign investment, says head of think-tank

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Papua New Guinea should seek to attract more foreign investment in the wake of the COVID-19 crisis. But many of its policies are going in the opposite direction, according to Paul Barker, Executive Director of the Institute of National Affairs.

‘Slow recovery’: Business Council of Papua New Guinea demands focus on economy

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Business in Papua New Guinea has responded well to COVID-19 but is now facing a downturn at the lower end of expectations. David Toua, board member of the Business Council of Papua New Guinea says the focus now needs to turn to the economy.