The chairman of Bougainville Copper Limited (BCL), Sir Mel Togolo, has confirmed the company is talking to prospective partners about reopening the mine. But he is unwilling to put a date on when it might reopen.
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The latest business news from Papua New Guinea and the region
Discussions between Papua New Guinea government agencies and the developers of the US$9 billion Wafi-Golpu copper-gold project have been put on hold by the country’s National Court while it considers an application for leave for a judicial review. Meanwhile, work under the project’s exploration licence continues.
PNG DataCo is in discussions with the operators of the new H2 undersea cable being laid between Sydney and Hong Kong. A branch line into Papua New Guinea could open up greater global connectivity as well as lower prices and improved reliability.
Papua New Guinea’s Parliament looked set to address a motion for a Vote of No Confidence in the O’Neill-Abel Government. However, with Parliament adjourned until late May, exactly when or if a vote will take place is a matter of speculation.
Working with local farmers to get the fundamentals right has led to massive production increases for fresh produce business Hilans Fres in Papua New Guinea’s Western Highlands Province. Advisor Paul Browne explains how it’s been achieved.
Nine members of Papua New Guinea’s Parliament resigned from the People’s National of Congress, Bougainville Copper Limited said there is interest to revive the Panguna mine, and rice harvesting commenced at Rangiampun in Umi. Your weekly digest of business news.
Papua New Guinea’s foreign investment laws are under review, with the government trying to balance the interests of local businesses and foreign investors. David James looks at what is being proposed so far.
Registrations are now officially open for the 2019 Business Advantage Papua New Guinea Investment Conference and the provisional program has been released. The conference will take place in Sydney, Australia on 19 & 20 August 2019.
Digitisation and automation of the shipping sector will have a big impact on bringing industry in Papua New Guinea into the 21st century, Swire Shipping Country Manager Alistair Skingley tells Business Advantage PNG.
Oil continues to surge and gas prices show signs of recovery Business Advantage PNG’s monthly review of Papua New Guinea commodity and financial markets.