Posts by Business Advantage PNG

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Papua New Guinea’s foreign exchange and budget situation improving, says central bank Governor

29 Jan 2019 by

The Governor of the Bank of Papua New Guinea, Loi Bakani, says the foreign exchange market is on track to return to normalcy. In an exclusive interview with Business Advantage PNG, he says the PNG LNG project has begun paying taxes for the first time, which is improving the Government’s budgetary position.

Latest news, Mining & Energy, News

MOU signed for Wafi-Golpu copper-gold mine in Papua New Guinea

21 Dec 2018 by

Developers Newcrest Mining and Harmony Gold have signed a memorandum of understanding with the Papua New Guinea Government for the development of the Wafi-Golpu copper-gold mine in PNG’s Morobe Province. While the MOU indicates negotiations are proceeding well, there is still plenty of work to be done before the project gets a green light from government, local communities and investors.

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