K92 Mining announces high-grade mineralisation in Judd vein deposit, SP Brewery new product launch, and Twinza Oil still waiting on final agreement for Pasca A. The business news you need today.
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The latest business news from Papua New Guinea and the region
Kina Bank has reported a 36% increase in net profit for the first half of 2021, compared to the corresponding period last year. The results suggest the bank is successfully weathering the impact COVID-19 pandemic.
The three-day 2021 Business Advantage Papua New Guinea Investment Conference starts live-streaming at 9am on Tuesday 7 September. Andrew Wilkins, Publishing Director and conference host, Business Advantage International, outlines the reasons why this is the year to attend.
BSP Financial Group and Oil Search present half year results, Papua New Guinea signs agreement with the Organisation for Economic Co-operation and Development. The business news you need today.
Earlier this month, Papua New Guinea’s government announced a ‘deed of agreement’ with Australian iron ore giant, Fortescue Metals Group, to develop renewable energy projects in PNG. Business Advantage PNG learns more about its plans from Julie Shuttleworth, CEO of subsidiary Fortescue Future Industries.
After the stalling of previous talks, ExxonMobil and the Papua New Guinea government have announced negotiations are recommencing for the P’nyang gas project.
Papua New Guinea’s largest gold miner, Newcrest Mining, has lodged record profits for the 12 months ending 30 June, thanks to higher gold and copper prices and lower operating costs.
Fortescue and Papua New Guinea Government sign landmark agreement to venture into green energy productions, the Bank of PNG flags two new projects and Minister apologises over Pasca A negotiations. The business news you need today.
If Kina Bank’s acquisition of Westpac’s Pacific operation proceeds, it will be rebranded East West Commercial Bank, a stand-alone ‘Pan-Pacific’ bank to compete against its new parent. That’s according to a presentation made by Kina last week as it tries to convince Papua New Guinea’s Independent Consumer and Competition Commission of the deal’s merits.
The progress of Twinza Oil’s US$2.4 billion (K8.42 billion) Pasca A offshore gas project in Papua New Guinea has again stalled, following a draft gas agreement from the government which the developer claims ‘bears no resemblance’ to the terms it agreed last month.