Two organisations worth knowing about if you’re looking to invest in Papua New Guinea.
Posts by Business Advantage PNG
PNG veteran Peter Botten, Managing Director of Oil Search Limited, talks about the importance of engagement at a community level in Papua New Guinea.
Papua New Guinea’s largest steel fabricator, Hornibrook NGI, provides of a wide range of products and services to the country’s mining and petroleum industry.
Information and communications technology (ICT) reform in Papua New Guinea is not only delivering cheaper prices and stronger competition: it is also helping businesses devise a new generation of innovative services.
Toyota Tsusho subsidiary Ela Motors has a long and distinguished history in PNG. Its current programme of new investment illustrates how standards are rising fast in PNG’s services sector.
When production at the massive Frieda River copper-gold mine begins in 2016, it will launch a projected 30-year-plus phase of potential major returns for Papua New Guinea and for investors.
On May 10, 1910 two young men established PNG’s first commercial bank. Burns Philp had been reluctantly providing banking services before Messers Pickering and Sefton arrived at Port Moresby harbour, and set up shop as the Bank of New South Wales in Douglas Street.
OilSearch Limited is PNG’s longest-established resources company, with an 80-year history of operations in the country. It currently operates all of PNG’s producing oil and gas fields and also has operations in Australia, Yemen and the United Arab Emirates.
Effectively replacing the regulatory roles previously undertaken by the Department of Mining, the Mineral Resources Authority (MRA) was established by an act of Parliament in 2005.
One of Papua New Guinea’s more colourful enterprises, Mainland Holdings, operates the world’s largest saltwater crocodile farm. But, as Business Advantage discovered on a recent visit to its Lae base, that is just one business unit in a rapidly-increasing portfolio.