About Business Advantage PNG

St Barbara opts for ‘strategic review’ of Simberi mine in Papua New Guinea

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Australian miner St Barbara has deferred an expected final investment decision on expanding the Simberi mine in Papua New Guinea and has announced a strategic review into the mine that could see it sold.

In brief: PNGEITI head says Porgera needs to reopen soon and other business stories

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Calls for the reopening of Porgera gold mine and compensation, BSP Financial Group Ltd files a Supreme Court reference on new income tax, and Lae City to get a new market. The business news you need.

People moves: Air Niugini, Judicial and Legal Services Commission

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Papua New Guinea’s national airline welcomes new General Manager Commercial and the Judicial and Legal Services Commission extends terms.

Papua New Guinea’s stock exchange looks to blockchain

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The prospect of instantaneous settlements on Papua New Guinea’s stock exchange, PNGX, has moved a little closer with a new agreement to explore blockchain technology to support its trading system. PNGX Chairman David Lawrence tells Business Advantage PNG the technology could ‘turbocharge’ PNG’s capital markets.

Kumul Petroleum: getting power to the people

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Kumul Petroleum Holdings has been working non-stop to assist the National Government reach its goal of connecting 70 per cent of Papua New Guinea’s population to electricity within the next eight years. Here’s how it’s advancing.

In brief: new billion kina electricity project in Papua New Guinea and other business news

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The Asian Development Bank and partners join forces for multimillion electricity project in Papua New Guinea, the Mineral Resource Authority stops field operations temporarily and new plan to help the copra industry against pest. The business news your need today.

People moves: Credit Corporation, Asian Development Bank

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Credit Corporation welcomes new Group Chief Risk Officer and the Asian Development Bank announced new Special Senior Adviser for Climate Change.

Middle class growth brings opportunities to manufacturing in Papua New Guinea 

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With the world slowly going back to a ‘new normal’ and Papua New Guinea’s population growing, opportunities abound for Papua New Guinea’s manufacturers. If challenges can be addressed, they say, the future could look even brighter.

People moves: K92 Mining, Royal Papua New Guinea Constabulary

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K92 Mining announces Project Director and Highlands region Chief Superintendent gets reinstated.

In brief: Wafi-Golpu mine negotiations reach ‘final leg’ and other business news

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MRA head says Wafi-Golpu mine negotiations are in their ‘final leg’, fuel prices expected to increase and coffee prices expected to drop. The business news you need this morning.