2013 was a mixed year for PNG stocks. The Kina Securities Index fell by 14.9% over the year, but was largely influenced by the massive fall in value of the dual-listed Newcrest Mining, the largest company on the Port Moresby Stock Exchange (POMSoX). The Kina Securities Home Index, which excludes overseas stocks, fell only 2%.
PanAust Managing Director stepping down, new board members at Rio Tonto and IndoChine and other senior appointments.
In the second and final part of his exclusive interview with Business Advantage PNG, ExxonMobil PNG Managing Director Peter Graham considers the flow-on benefits of the PNG LNG project and ExxonMobil’s future in PNG. Plus, what’s going to happen to the project’s 14,700 workers?
O’Neill sacks two more Cabinet ministers, Exxon expects LNG exports to start early and Ok Tedi Mining profits plunge 80%. Your weekly digest of the latest business news.
Dataco board chair and MD appointments, a retirement at Ela Motors and a new Chief Operating Officer for Harmony Gold.
Moves to reserve small businesses for locals, Court rescinds orders preventing Ok Tedi from dumping waste and BSP records 11% profit increase. Your digest of the week’s business news.
The jockeying for positions in what could be Papua New Guinea’s second liquefied natural gas project has taken a surprising turn, with Oil Search purchasing Pac LNG’s holding in the Elk and Antelope gas fields in Gulf Province.
The newly-upgraded Crossroads Transit Hotel aims to address a shortage of hotel rooms in Lae, Morobe Province.
As Papua New Guinea’s largest resources project edges closer to completion, Business Advantage PNG speaks exclusively with Peter Graham, the man who has lead the PNG LNG gas project since Day One. In this first of a two-part series, the Managing Director of ExxonMobil PNG provides an update on the project’s progress.
While Papua New Guinea’s economy has slowed in the past year, many of the country’s manufacturers continue to see growth as the longer-term trend, and are investing in new plant, new products and new marketing approaches.