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Frieda River ‘one of largest’ undeveloped copper-gold deposits in world, says PanAust

20 May 2016 by 12 Comments
PanAust has released its feasibility study into the Frieda River mine in Sandaun Province, claiming it is ‘one of the largest undeveloped copper-gold deposits in the world', with an initial 17-year mine life. The company's intention is to take a staged approach to development.
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Papua New Guinea’s central bank ‘determined’ to get foreign currency in, says Bakani

18 May 2016 by Leave a Comment
The Governor of the Bank of Papua New Guinea, Loi Bakani, told this week's Australia–Papua New Guinea Business Forum in Cairns that the bank is 'determined' to obtain more foreign currency 'as soon as possible' to address the backlog in foreign exchange demand. However, he criticised claims that PNG's foreign exchange problem could be solved by allowing a free float of the kina, reports David James.
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Commodity price falls creating currency volatility, says analyst

12 May 2016 by Leave a Comment
The kina has fallen in value this year, but Papua New Guinea’s dependence on commodity exports means that it can be expected to fall further, says Rohan Fox, Lecturer and Research Fellow at the University of Papua New Guinea’s Division of Economics. He tells Business Advantage PNG that the country faces a difficult task managing the impact of sharp fluctuations in commodity prices.
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First APEC Business Advisory Council meeting in Papua New Guinea kickstarts private sector involvement in APEC 2018

11 May 2016 by Leave a Comment
E-commerce, empowering women in business and anti-dumping measures were highlights of last month's APEC Business Advisory Council (ABAC) meeting in Port Moresby. Business Advantage PNG asked Douveri Henao, Lead Staffer for ABAC, for his response to the meeting.
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In brief: Sir Mekere Morauta offers 3-step solution to K2 billion PNGSDP dispute, and other business stories

4 May 2016 by 1 Comment
Sir Mekere Morauta calls for 'genuine government effort' to resolve K2 billion dispute, IFC approves credit facility and Manus business leaders want to be treated as a 'special case', if detention camps close. Your weekly digest of the latest business news.
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Papua LNG project ‘definitively’ going ahead in Papua New Guinea, says Total

29 Apr 2016 by 17 Comments
France’s Total SA has confirmed its plans to commence construction for Papua LNG, the country's next big liquefied natural gas project. Business Advantage PNG spoke with Philippe Blanchard, Managing Director of its PNG subsidiary, Total E&P PNG, to learn more about its race to start construction in 2018.
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Papua New Guinea could attract big cash for infrastructure, says Pascoe

27 Apr 2016 by 4 Comments
In an environment of plummeting interest rates, long term infrastructure investment is a sound option for both investors and governments. Financial and business commentator Michael Pascoe, speaking in Port Moresby last week, noted that the difficult global financial environment throws up opportunities for countries like Papua New Guinea.
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