Latest news

Interoil expects to announce a ‘major transformational deal’ by the end of 2013 to develop the Papua New Guinea’s second LNG plant, according to recently appointed CEO Michael Hession.

Bank governor unfazed by kina fall, O’Neill welcomes Chinese investment, Morauta says deportation indicates climate of fear, and other local and regional stories.

Among our stories this week: the PM backs Purari River, National Roads Authority chief outlines Papua New Guinea’s roads challenge and a new INA report outlines impediments for the private sector.

Standard & Poor’s ratings agency has maintained its year-long rating of Papua New Guinea’s economy as stable, but has some concerns.

The entry of PanAust—a new player in PNG’s mining sector—is good news for the giant Frieda River gold and copper mining project in East Sepik Province. The move has also been welcomed by analysts.

The O’Neill government seeks legal advice on the Nautilus ruling and other local and international stories.

The great untapped investment area in Papua New Guinea is infrastructure, according to Syd Yates, ‎Executive Director of investment fund Kina Asset Management Limited (KAML).

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.

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.