Nautilus Minerals intent on deep sea mining, despite cancelling government agreement, says its CEO.
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Competition concerns over Elk-Antelope share holdings, ABG keen to re-open Panguna and Treasurer orders bank charges review. Your weekly digest of the week’s business news.
With the PNG LNG project moving from its construction phase into production, a downturn in Papua New Guinea’s building and construction sector is underway, softened somewhat by the national government’s injection of infrastructure spending. But there’s still plenty of work to be done, as Business Advantage PNG reports.
Board changes at Air Nuigini, Talisman Energy’s CEO to step down and other senior appointments.
New Caledonia’s tourism industry finally seems intent on fulfilling its tremendous potential, as new high-end properties open and direct flights to Melbourne are launched.
Several new developments – the creation of a tourism hub at Kokopo (and new direct international flights to service it) and the start of cruise liners visiting remote Milne Bay – indicate progress is being made to develop Papua New Guinea’s tourism industry.
The ANZ Bank last month predicted the kina will fall by up to 10% in value by the end of 2014, in anticipation of income from the LNG project. Paul Barker from the Institute of National Affairs, looks ahead several years to when that income begins to have ‘a substantial impact’.
Business in Papua New Guinea is now starting to focus on the looming deadlines for the country’s taxation review – a review that could have major implications for business, including the country’s resources sector.
PNGSDP begins divesting assets, a new trade treaty with Australia and Bougainville prepares to export copra oil. Your weekly digest of the week’s business news.
Newcrest Mining has appointed Francesca Lee as General Counsel & Company Secretary.