After strong performances in 2009 and 2010, the Port Moresby Stock Exchange (POMSoX) experienced a tough 2011, as did many bourses around the world.
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The 28 million kina (US$12.7 million) Western Province Sustainable Aquaculture Project is the first sustainable fisheries project to be delivered in Papua New Guinea’s Western Province and it incorporates public, private and community partnerships with a strong regional development focus.
This comfortable 12-room lodge, built of local materials, has established a reputation for spectacular barramundi fishing (other species include ox eye herring and saratoga).
An ambitious and transformative project has commenced to bring 21st century communications to the rural areas of Western Province for the first time.
Mineral Resources Star Mountains (MRSM) is Western Province’s own example of the new breed of landowner company playing an increasingly entrepreneurial role in the nation’s economy.
PNG Microfinance Ltd plays a vital role in the economy of Papua New Guinea’s Western Province by mobilising savings and providing financial services to many small businesses that are not able to meet the lending criteria of the major banks.
On a visit to the Ok Tedi mine, we met with Nigel Parker, the man tasked with managing Ok Tedi Mining Limited through the final years of the mine’s life.
While the future of the massive Ok Tedi mine hangs in the balance, Ok Tedi Mining Limited looks set to continue its major contribution to Western Province.
Papua New Guinea Sustainable Development Program is a unique organisation that is directing the substantial profits from the Ok Tedi mine into a range of long-term development projects for Western Province.
Ian Middleton, Ok Tedi Development Foundation’s CEO and a keen fisherman, describes the unique pleasure of sports fishing in Papua New Guinea’s remote Western Province.