The World Bank has released its economic update on Papua New Guinea, superannuation funds reject bank levy, and SNT Chair says Porgera will reopen next month. The business news you need today.
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The latest business news from Papua New Guinea and the region
The rising oil price will have a significant impact on Papua New Guinea this year, according to the Country Manager and Director for Puma Energy, Hulala Tokome.
Papua New Guinea’s State Negotiation Team Chairman says Porgera mine could open in April and confirm the Team is also working on Wafi-Golpu, Air Niugini resumes in-flight catering and the Japanese Government donate funds for infrastructure projects. The news you need today.
With a gas agreement finally executed for the US$10 billion ExxonMobil-led P’nyang gas project, and a start date provided for front end engineering and design for TotalEnergies’ Papua LNG project, Papua New Guinea’s energy sector now has a clear roadmap for the rest of the decade.
Green light for Telstra’s acquisition in Papua New Guinea, Newcrest posts disappointing six month results and flights to Lihir Island resume. The business news your need this week.
Tourists can now come into PNG again following a major change to Papua New Guinea’s pandemic measures, NICTA clarifies potential price reductions and licence for Feni Island project is renewed. The business news you need today.
The prospects for a reopened Panguna copper mine have been boosted by a ‘joint resolution’ signed by landowners and the Autonomous Bougainville Government (ABG).
Landowner and provincial government-owned consortium Mineral Resources Enga has finally signed the Porgera Project Commencement Agreement, an essential step in the ongoing process to reopen the Porgera gold mine.
Vaccination requirements and 60-day approvals for international travellers, PNG DataCo gets over K60 million worth of Telikom assets and Santos strikes deal with newly minted joint venture. The business news you need today.
Head of bank comments on foreign exchange improvement at the end of last year, alluvial mining reserved for Papua New Guineans. and Santos reports record profits. The business news you need today.