The changes to the Mining Act being considered by the Marape government could benefit the industry, according to John Lewins, Chief Executive Officer of K92 Mining Inc. In this exclusive interview with Business Advantage PNG he explains why.
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The latest business news from Papua New Guinea and the region
Papua New Guinea slipped 12 places in the World Bank’s ranking of ease of doing business, but are there any positive signs? David James analyses the report.
Kingston Resources Ltd reaches an agreement to buy Pan Pacific Copper out of Misima gold project, Papua New Guinea’s new Minister for Environment and Conservation refutes previous investigations on Ramu Nico’s slurry spillage to the Basamuk, and PNG DataCo predicts a 42 per cent slash in internet prices. Your weekly digest of business news.
Two of the most innovative companies in Papua New Guinea were recognised on Friday at the inaugural Innovation PNG 2019 conference. Here is what you need to know.
Papua New Guinea’s Cabinet gets a major reshuffle, the United States withdraws from the Paris Agreement, and over 5,000 companies in PNG could have been put on notice for not filling their annual returns. Your weekly digest of business news.
The creation of a one-stop shop US development bank will see a doubling of available infrastructure funding for Asia-Pacific projects, and is expected to boost the PNG Electrification Partnership. It comes as the US, Australia and Japan have unveiled the Blue Dot Network, an initiative designed to compete with China’s Belt and Road Initiative in the Pacific region.
The global capital markets are concentrating on quality mining assets preferably close to production, according to a panel of experts at the International Mining and Resources Conference in Melbourne. They said that ‘frontier’ countries should be looking widely for capital, particularly in Asia. David James reports.
Ramu Nico Mine resumes operations, Chile’s president cancels the 2019 APEC Leader’s Week, and Bank South Pacific releases its third quarter results. Your weekly digest of business news.
Oil and gas have performed strongly, and there is also an upward trend in metals prices. Business Advantage PNG’s monthly review of Papua New Guinea commodity and financial markets.
Newcrest Mining Ltd is still waiting to resume discussions with the Papua New Guinea government to grant a Special Mining Lease to start developing the Wafi-Golpu gold-copper project. The enforced delay has given the company license to focus on its other projects, reports David James.