After a decade focused on existing minerals and hydrocarbons production, Papua New Guinea is gearing up for an anticipated wave of large new investments in its resources sector. We hear from some of the key players.
Newmont focusing on ‘value over volume’ at Lihir gold mine
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9 Oct 2024 by Leave a Comment
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.
Exclusive: Barrick CEO Mark Bristow’s vision for Porgera gold mine
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25 Sep 2024 by 1 Comment
In this exclusive interview, Barrick Gold’s President and Chief Executive Mark Bristow talks about the deal he made to restart the Porgera gold mine, the road to returning it to full production, and why addressing law and order is critical.
‘Massive opportunity’ for private power producers in Papua New Guinea
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24 Sep 2024 by Leave a Comment
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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15 Aug 2024 by 2 Comments
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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15 Aug 2024 by Leave a Comment
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.
Day 2 report from the 2024 Papua New Guinea Investment Conference
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14 Aug 2024 by Leave a Comment
Day 2 of the 2024 Business Advantage PNG Investment Conference featured top speakers from across government and business, including Papua New Guinea’s Prime Minister James Marape, state-owned enterprises such as Air Niugini and PNG Ports and business chamber presidents.
Day 1 report from the 2024 Papua New Guinea Investment Conference
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13 Aug 2024 by Leave a Comment
Day 1 of the 2024 Business Advantage PNG Investment Conference featured top speakers from across the business sector, including Kumul Petroleum Holdings’ Wapu Sonk, Bank of Papua New Guinea Chairman David Toua and the IMF’s Sohrab Rafiq, who spoke of the positive impact of the central bank’s new approach to managing foreign exchange.
New Steamships head bullish on Papua New Guinea economy, despite ‘underwhelming’ six years
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31 Jul 2024 by Leave a Comment
There was a change of leadership at Steamships Trading Company on July 1, with Chris Daniells replacing Rupert Bray as managing director. In an exclusive interview, the two share how Steamships is pursuing its long-term growth plans amid a challenging economic environment.
Investment conference to focus on growth opportunities and business conditions in Papua New Guinea
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30 Jul 2024 by Leave a Comment
Disruptive technology, Papua New Guinea’s next wave of infrastructure and resources projects, and the rising influence of ESG on business are some of the topics to be covered by the upcoming 2024 Business Advantage PNG Investment Conference.
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