Latest news

PNG’s kina has continued to fall against its major trading currencies, and is now at levels below those of September 2013, following a brief rally in late 2013 and early 2014.

Canadian mining company Nautilus Minerals will accelerate its range of seabed mining projects across the Pacific, after finally signing a US$120 million (K336 million) agreement with the Papua New Guinea government to develop its Solwara 1 mining project in the Bismarck Sea.

New CEO for Newcrest Mining, a changing of the guard at Marengo Mining and a resignation from the board of Airlines PNG

This year’s 6th PNG Games, to be held in Lae from 16 to 29 November, have undergone radical reforms, with an increased focus on national unity and establishing them as the pathway to regional and international competitions, according to Phil Franklin, Chairman of the Games Organising Committee.

More LNG trains likely for Papua New Guinea, Chamber of Commerce comes out in support of INA head, and gas-fired power may be coming to Port Moresby. The week’s business news in brief.

The national cabinet has approved the US $300 million (K829 m) development of the Stanley gas-condensate field in Western Province.

A new chairman at Indochine Mining and cabinet confirms the board of PNG DataCo.

World Bank loan for roads and agriculture, draft tax review released and rubber farming halts in Western Province. Our summary of the week’s business stories.

While businesses are open again in the centre of Honiara, Solomon Islands, after last week’s devastating floods, transport appears to be the main problem facing business owners.

A new chairman for PNG Power, new COO at Marengo Mining.