In brief: Freeport to acquire assets in Papua New Guinea and other business stories

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Potential new owner for the Yandera copper project, proposed levy for balsa wood and BSP Financial Group halts trading on the ASX amidst accusations of breaches to anti-money laundering laws. The business news in brief.

Papua New Guinea’s forestry sector needs to go ‘back to the future’

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With the government keen to phase out round log exports, Executive Officer of the Papua New Guinea Forest Industries Association Bob Tate outlines the best strategy for developing the industry.

Forestry in Papua New Guinea: a sector profile

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An overview of the forestry sector in Papua New Guinea including markets, plantations, legislations and sustainability.

People moves: Oil Search, PNG Ports, PNG Forest Authority, French Minister for Overseas Territories

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Oil Search Directors re-elected, Managing Director at PNG Ports, confirmation of Managing Director of the PNG Forest Authority, new French Overseas Territories Minister

In brief: Chinese companies win bid to build Ramu 2 power project, and other business stories

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Two Chinese companies to build Ramu 2 power project, 95 per cent of logs sent to China, and Lae business leaders welcome ADB loan for key roads. Your weekly digest of the latest business news.

In brief: Papua New Guinea Government may review petrol supply regime, and other business stories

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O’Neill indicates government may open up petrol supply market, Australia questions if vegetable import ban breaches global trade rules, and plans for an 800,000 hectare forest in Western Highlands. Your weekly digest of the latest business news.

In brief: new Bougainville Mining Act creates ‘uncertainty’ over Bougainville Copper’s rights, and other business stories

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Bougainville Copper to seek formal acknowledgment of Bougainville mining rights, Post PNG pays first dividend, and low-cost ‘squatter’ housing project in Fiji. Your weekly digest of the latest business news.

In brief: Total to lead Elk-Antelope gas development, and other business stories

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Joint venture elects Total as operator, PNG DataCo discusses Solomon Islands link, and WCB Resources lifts stake in gold project. Your weekly digest of the latest business news.

Up to one-third of Papua New Guinea log exports may not be authorised by landowners, says INA

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Just over one third of Papua New Guinea’s logging exports in 2012 came from Special Agricultural and Business Leases, the majority of which may not have received approval from customary landowners, according to analysis by Paul Barker, Director of the Institute of National Affairs.

Profile: Cloudy Bay Sustainable Forestry

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The Cloudy Bay Sustainable Forestry Company operates to a simple formula: ‘high quality at a fair price.’ Cloudy Bay Sustainable Forestry Company places high value on sustainability. It received a Forest Stewardship Council (FSC) Controlled Wood and Chain of Custody accreditation in 2011. Since 2006, it has been developing a Forest Management Area in the […]