Features
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.
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.
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.
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.
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.
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.
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.
From our online directory …
‘The PNG 100’: key Papua New Guinea companies
Contact details for key Papua New Guinea corporations and service providers, listed by industry … Click to view list ...
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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