Credit Corporation shareholders decide not to sell up to BSP, while Papua New Guinea business visa fees rise sharply and Ok Tedi landowners threaten to close the mine in the latest dispute over the government’s takeover.
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Recent government communications with Fiji Television Ltd, owner of Papua New Guinea’s national television broadcaster EMTV, indicates the PNG Government is considering new laws to restrict foreign ownership of PNG’s media.
Even if the PNG Government puts up its share of the funds for the Solwara I, as Nautilus Minerals’ CEO expects, it will be at least two to three years before the company can begin its deep sea mining operation in the Bismarck Sea.
A new ring road being built ahead of the 2018 APEC summit, diplomats warned and other local and international stories.
Nautilus Minerals says it will go ahead with its high grade copper-gold exploration project in the Bismark Sea, after an international arbitrator compelled the PNG government to abide by a joint venture agreement.
PNG Teachers vote down selling Credit Corp and other local and regional news.
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The ratings agency Standard and Poor’s is adopting a ‘wait and see’ attitude towards the O’Neill government’s nationalisation of the Ok Tedi mine and its owner, the PNG Sustainable Development Program (PNGSDP).
After a two-year investigation into the controversial Special Agricultural Business Leases (SABL) system, reports presented by two of the commissioners have found that only four of the 42 leases they examined had obtained landowner consent.
The Papua New Guinea Government has increased its stake in mobile phone company Bemobile, following the collapse of a deal with the Fiji National Provident Fund.