The outlook is positive for the key commodity exports that will support Papua New Guinea’s resources sector in coming decades, including LNG, gold and copper. Business Advantage PNG speaks with the analysts to find out why.
Geopolitical tensions leading to increased donor investment in Papua New Guinea and Pacific: Lowy Institute
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Pacific countries like Papua New Guinea are increasingly becoming critical grounds for geopolitical competition, leading to higher investment from international partners, particularly in infrastructure, according to the Lowy Institute’s Dr Meg Keen and colleagues.
Kainantu gold mine set to quadruple production by 2027
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The Kainantu gold mine in Eastern Highlands Province has been in continuous expansion since its acquisition by K92 Mining in 2015. CEO John Lewins shares his company’s aspiration to become the PNG’s mining sector’s largest taxpayer – and the investment underpinning it.
Bank of Papua New Guinea program aims to generate funds for green projects
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The Green Finance Centre was founded this year under the aegis of the Bank of Papua New Guinea, with the aim of creating a framework to facilitate investments in areas such as renewables and climate resilience. Its head Mohinesh Prasad shared the centre’s plans and progress in a speech to the 2024 Business Advantage PNG Investment Conference.
Newmont focusing on ‘value over volume’ at Lihir gold mine
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Less than one year after acquiring Papua New Guinea’s largest gold mine, Newmont Corporation is pushing ahead with plans to increase grades and mine life at Lihir. On the eve of finishing his term as Newmont PNG Managing Director, Alwyn Pretorius took Business Advantage PNG inside the transition and shared the plans for the island mine’s future.
‘Massive opportunity’ for private power producers in Papua New Guinea
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Independent power producers are playing a key role in helping PNG move towards its ambitious electrification goals. But their viability will be in question until a dispute over payments is resolved.
Papua New Guinea banks report substantial fall in forex waiting times
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Waiting times on foreign exchange orders have been falling substantially on central bank interventions and other factors, senior representatives of BSP Financial Group, Kina Bank and Westpac Papua New Guinea reveal to Business Advantage PNG.
Chair of Papua New Guinea NRL bid hoping for announcement by end of 2024
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Wapu Sonk, Chair of Papua New Guinea’s bid to enter a team into Australia’s National Rugby League, speaks about the bid’s progress and the potential corporate sponsorship opportunities in a speech to the PNG Investment Conference.
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