Features

Canadian investment company Cobalt 27 acquires Highlands Pacific, and flags divestments

Canadian-listed company Cobalt 27 has acquired Highlands Pacific, principally for its interest in the Ramu nickel-cobalt mine in Papua New Guinea. The … [read on ...]

New majority owner of Port Moresby Stock Exchange outlines its plans

The Port Moresby Stock Exchange has new majority owners. So, who's behind Pacific Capital Markets Development and what are their plans for Papua New … [read on ...]

‘Fundamental change’ needed with Papua New Guinea state-owned enterprises

Kumul Consolidated Holdings, the holding company for Papua New Guinea’s state-owned enterprises (SOEs), has released its Year in Review. It says that … [read on ...]

APEC hailed by organisers as a success for Papua New Guinea despite tensions

Papua New Guinea’s hosting of APEC 2018 was a success, say three senior figures involved in its organisation. Ivan Pomaleu, PNG’s APEC Ambassador, … [read on ...]

Kina Bank sees opportunity to be Papua New Guinea’s leading digital bank

Kina Bank’s vision is to be the Papua New Guinea's leading digital bank, CEO Greg Pawson tells Business Advantage PNG. He also reveals the ASX-listed … [read on ...]

Latest news

In brief: Papua LNG project to put Papua New Guinea as leading LNG exporter, and other business stories

Forex turnover more than K4b in October, call for joint PNG-Australia coastguard initiative, and one kina chocolate bar on sale locally. Your weekly digest of the latest business news.

Canadian investment company Cobalt 27 acquires Highlands Pacific, and flags divestments

Canadian-listed company Cobalt 27 has acquired Highlands Pacific, principally for its interest in the Ramu nickel-cobalt mine in Papua New Guinea. The corporate play will mean divestment of non-core PNG assets.

MOU signed for Wafi-Golpu copper-gold mine in Papua New Guinea

Developers Newcrest Mining and Harmony Gold have signed a memorandum of understanding with the Papua New Guinea Government for the development of the Wafi-Golpu copper-gold mine in PNG’s Morobe Province. While the MOU indicates negotiations are proceeding well, there is still plenty of work to be done before the project gets a green light from government, local communities and investors.

Read more News

Opinion and analysis

Opinion: Recruitment strategies in energy sector focusing on skilled local talent

The Pacific region’s energy sector is experiencing growth, according to Calum Smith, Senior Vice President of Asia Pacific at the recruitment consultancy Airswift. He says the sector is creating a need to find skilled local talent, especially in the areas of digitalisation and renewables.

Read more opinion/analysis

People moves

People moves: PanAust, Mineral Resources Authority, KPMG, Ok Tedi Mining, Judicial appointments

Board and senior management changes at PanAust, a new Managing Director at the Mineral Resources Authority, a new Tax Partner at KPMG, Ok Tedi’s first female Mine Manager and judicial appointments for the National and Supreme Courts.

More People Moves ...

Economy/investment

Dates and location set for 2019 Papua New Guinea Investment Conference

The 2019 Business Advantage Papua New Guinea Investment Conference will take place on 19 and 20 August at the premium Shangri-La Hotel, Sydney, Australia.

Read more on this topic ...

Interviews

Foreign exchange becoming more available, says BSP’s CEO Robin Fleming

Robin Fleming, Chief Executive of Bank South Pacific – Papua New Guinea’s biggest bank – says foreign exchange availability is improving. In this exclusive interview with Business Advantage PNG, he also discusses BSP’s approach to risk, and its new digital offerings.

More interviews ...

Infrastructure

Electrification Partnership beginning of new era for PNG Power

Carolyn Blacklock, the acting Managing Director of PNG Power, says the money that will come from the Papua New Guinea Electrification Partnership established at APEC will greatly assist the roll out of electricity. She says PNG Power has sharply increased the number of connections it is making and is aiming to concentrate on hydropower.

More on infrastructure ...

Company profiles

Kina Bank sees opportunity to be Papua New Guinea’s leading digital bank

Kina Bank’s vision is to be the country’s leading digital bank, CEO Greg Pawson tells Business Advantage PNG. He says the bank is preparing to take over ANZ PNG’s retail, commercial and SME businesses.

Read more profiles ...

Latest News

In brief: Papua LNG project to put Papua New Guinea as leading LNG exporter, and other business stories

Forex turnover more than K4b in October, call for joint PNG-Australia coastguard initiative, and one kina chocolate bar on sale locally. Your weekly digest of the latest business news.

Features

Canadian investment company Cobalt 27 acquires Highlands Pacific, and flags divestments

Canadian-listed company Cobalt 27 has acquired Highlands Pacific, principally for its interest in the Ramu nickel-cobalt mine in Papua New Guinea. The corporate play will mean divestment of non-core PNG assets.

Turning security guards into role models in Papua New Guinea

A new initiative aimed at improving standards across Papua New Guinea’s security industry is being welcomed as a significant step forward. [Read more ...]

Opinion

Opinion: Recruitment strategies in energy sector focusing on skilled local talent

The Pacific region’s energy sector is experiencing growth, according to Calum Smith, Senior Vice President of Asia Pacific at the recruitment consultancy Airswift. He says the sector is creating a need to find skilled local talent, especially in the areas of digitalisation and renewables.

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