Given that there is no investment currently, what is needed to get Australian institutional investors involved in Papua New Guinea? Stephen Nash, former Chief Investment Officer for Nambawan Super, examines one possible initiative: risk sharing.
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LNG prices have shown continued weakness and the cocoa price has also dropped. Business Advantage PNG’s monthly review of Papua New Guinea commodities and financial markets.
The Mineral Resources Development Company (MRDC) was formed in 1975 and is as old as Papua New Guinea itself. Chief Executive Augustine Mano tells Business Advantage PNG that the enterprise has a wide mandate.
There are many pitfalls for the unwary when dealing with other countries’ money says Stephen Massa, Head of the PNG Office for law firm Dentons.
Work at the Misima gold project has commenced, with Kingston Resources planning to extend the current resource and develop new mining areas. Kingston Resources Managing Director, Andrew Corbett, tells Business Advantage PNG he expects drilling programs to commence in April.
To remain impartial, the Papua New Guinea Government should not be a shareholder, but only maintain regulatory oversight of mining projects, according to geologist and mining consultant, Jerry Nombri Garry. He tells Business Advantage PNG, there are other ways for the country to derive healthy revenues from mining projects.
Newcrest plans larger development at Wafi-Golpu, O’Neill confident Papua New Guinea will recover from quake and loan to cover government superannuation debt. Your weekly digest of the latest business news.
BSP appoints new General Manager for Pacific Islands, new board appointments at Credit Corp, new board members at Kutubu Special Purpose Authority, resignation at Oil Search and Westpac chooses its Outstanding Woman of the Year.
Loloata Island Resort in Bootless Bay, near Port Moresby, is getting a stylish makeover, with the help of the Papua New Guinean super fund, Nasfund.
Papua New Guinea businesses have donated at least K80 million in cash and equipment to aid February’s earthquake relief program.