Features

Newmont focusing on ‘value over volume’ at Lihir gold mine

Less than one year after acquiring Papua New Guinea’s largest gold mine, Newmont Corporation is pushing ahead with plans to increase grades and mine life at Lihir. On the eve of finishing his term as Newmont PNG Managing Director, Alwyn Pretorius took Business Advantage PNG inside the transition and shared the plans for the island mine’s future.

Papua New Guinea’s electric vehicle market sparks to life

Niugini Automobiles launched recently in PNG, with the aim of importing electric vehicles from multiple manufacturers. Managing Director Leon Shi shares the firm’s EV rollout plans with Business Advantage PNG.

Exclusive: Barrick CEO Mark Bristow’s vision for Porgera gold mine

In this exclusive interview, Barrick Gold’s President and Chief Executive Mark Bristow talks about the deal he made to restart the Porgera gold mine, the road to returning it to full production, and why addressing law and order is critical.

‘Transformative’ Port Moresby port redevelopment ready for investors

Port Moresby’s former port facility has been rezoned, had its masterplan approved, and is now ready for investors’ expressions of interest. Business Advantage PNG takes a closer look at the project.

PNG DataCo’s ambitious roadmap for the internet in Papua New Guinea

As telecommunications connectivity reaches 80 per cent of Papua New Guinea’s population, Business Advantage PNG looks at how the country’s telecommunications wholesaler, PNG DataCo, is working to encourage greater adoption of the internet by business and consumers.

Latest news

‘Massive opportunity’ for private power producers in Papua New Guinea

Independent power producers are playing a key role in helping PNG move towards its ambitious electrification goals. But their viability will be in question until a dispute over payments is resolved.

Papua New Guinea banks report substantial fall in forex waiting times

Waiting times on foreign exchange orders have been falling substantially on central bank interventions and other factors, senior representatives of BSP Financial Group, Kina Bank and Westpac Papua New Guinea reveal to Business Advantage PNG.

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Interviews

Four questions with Swire Shipping’s Randy Selvaratnam

Randy Selvaratnam became Chief Commercial Officer for Singapore-based regional logistics provider, Swire Shipping, in June 2024. In this interview, he speaks about the prospects for growth in shipping volumes in and out of PNG, rising freight costs and the move to sustainable biofuels.

Wapu Sonk on Papua LNG – timelines, impacts, and reforms that could benefit industry [video]

Wapu Sonk, Managing Director of Papua New Guinea’s state-owned oil and gas company Kumul Petroleum Holdings Limited, spoke about the way forward with the TotalEnergies-led Papua LNG project and the “unexpected blessings” its delay could bring at this month’s 2024 Business Advantage PNG Investment Conference. Watch his exclusive fireside chat.

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Editorial

Editorial: Domestic investors fill the gap while Papua New Guinea awaits next wave

Forex shortages in PNG have acted as handbrake on both economic growth and foreign direct investment over the past decade, according to the IMF. However, domestic and concessional investors have been stepping in to keep PNG’s economy moving.

Economy/investment

New Steamships head bullish on Papua New Guinea economy, despite ‘underwhelming’ six years

There was a change of leadership at Steamships Trading Company on July 1, with Chris Daniells replacing Rupert Bray as managing director. In an exclusive interview, the two share how Steamships is pursuing its long-term growth plans amid a challenging economic environment.

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Opinion and analysis

Top 8 geopolitical risks for businesses in Papua New Guinea [Opinion]

Geopolitics is increasingly having an impact on businesses in Papua New Guinea across all sectors. In this piece, the team at KPMG Australia’s Geopolitics Hub shares their top eight geopolitical risks for PNG businesses to watch out for.

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People moves

People moves: Newmont PNG, TotalEnergies EP PNG, Petroleum Ministry

New Managing Director for Newmont PNG, new People and Services Director for TotalEnergies EP PNG and Petroleum Minister reinstated.

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LIfestyle

Port Moresby’s new Harbourside South retail precinct sailing well in first year

Mary Tao explores Harbourside South, the latest retail precinct to open in Port Moresby, where you can get everything from trending fashion to local crafts and freshly made smoothies.

More PNG lifestyle articles

Latest News

‘Massive opportunity’ for private power producers in Papua New Guinea

Independent power producers are playing a key role in helping PNG move towards its ambitious electrification goals. But their viability will be in question until a dispute over payments is resolved.

Papua New Guinea banks report substantial fall in forex waiting times

Waiting times on foreign exchange orders have been falling substantially on central bank interventions and other factors, senior representatives of BSP Financial Group, Kina Bank and Westpac Papua New Guinea reveal to Business Advantage PNG.

Features

Newmont focusing on ‘value over volume’ at Lihir gold mine

Less than one year after acquiring Papua New Guinea’s largest gold mine, Newmont Corporation is pushing ahead with plans to increase grades and mine life at Lihir. On the eve of finishing his term as Newmont PNG Managing Director, Alwyn Pretorius took Business Advantage PNG inside the transition and shared the plans for the island mine’s future.

Opinion

Top 8 geopolitical risks for businesses in Papua New Guinea [Opinion]

Geopolitics is increasingly having an impact on businesses in Papua New Guinea across all sectors. In this piece, the team at KPMG Australia’s Geopolitics Hub shares their top eight geopolitical risks for PNG businesses to watch out for.