Latest news

A new board member at Kina Petroleum, a new chairman of the Mineral Resources Development Corp., and other new appointments.

InterOil Corporation has announced it is teaming up with France’s Total S.A. to develop Papua New Guinea’s second LNG gas project at the Elk and Antelope fields in Gulf Province. How will the new project fit into PNG’s existing LNG landscape?

Tuna agreement ‘disappointing’, call for better rural roads funding, new nursery to raise borer-resistant cocoa. Your quick digest of the week’s business news.

The Australia-PNG Emerging Leaders Dialogue is set to become an annual event.

The Pacific demands tuna catch limits, a corruption report injunction lifted, and a call for a national debate on foreign investment laws. Your quick digest of the week’s business news.

Next week’s Papua New Guinea Mining and Petroleum Seminars in Port Moresby will highlight the increasing divergence in fortunes of PNG’s mining and petroleum sectors, according to Greg Anderson, Executive Director of the Papua New Guinea Chamber of Mines and Petroleum.

Economic analysts have welcomed the 2014 Budget, commending the government for its emphasis on implementing projects it announced last year.

Government ministers and influential economic analysts have welcomed the recent fall in the value of the kina, saying it will boost demand for exports.

Four new mines to come on stream within 10 years, Corruption Commission next year and other local and regional stories.

Bank of South Pacific says it will be closely monitoring next week’s Budget for any opportunities to get involved in infrastructure development, after posting an after-tax profit of US$ 40.4 million (K105 million) last quarter.