The latest business news from Papua New Guinea and the region
Papua New Guinea’s hosting of APEC 2018 was a success, say three senior figures involved in its organisation. Ivan Pomaleu, PNG’s APEC Ambassador, suggests that the country achieved all of its goals in spite of the lack of a consensus within the group of 21 nations.
Feasibility study for Frieda River mine in Sepik Province reveals expanded project, government accounts close this Friday and Pacific nations look to extended their exclusive economic zones. Your weekly digest of the latest business news.
The 2019 Business Advantage Papua New Guinea Investment Conference will take place on 19 and 20 August at the premium Shangri-La Hotel, Sydney, Australia.
Lihir most productive mine, apprentice of the year named, and a public-private partnership for power in Hela. Your weekly digest of the latest business news.
Canadian miner K92 has found new ore and is ramping up its operations at its Kainantu mine in Papua New Guinea’s Eastern Highlands Province. In this exclusive interview, Chief Executive John Lewins tells Business Advantage PNG that the company is now profitable and has an anticipated mine life of over 15 years.
French super major Total will look to have a final gas agreement with the Papua New Guinea government for the Papua LNG project by March 2019. If the project gets the final go-ahead, production should start in 2024, according to Jean-Marc Noiray, Managing Director of Total E&P PNG.
Construction milestone for PNG’s tallest building, renewed support for fisheries training and PNG launches legal action in Australia. Your weekly digest of the latest business news.
Neil Chapman, Senior Vice President of ExxonMobil, told the APEC CEO Summit earlier this month that LNG capacity in Papua New Guinea could double. He claimed the global shift to natural gas to reduce carbon emissions is favouring the industry.
LNG and oil prices have weakened but the cocoa price has strengthened. Business Advantage PNG’s monthly review of Papua New Guinea commodities and financial markets.
What’s behind Air Niugini Cargo Limited’s recently implemented 50 per cent discount on a range of freight exports? ANCL’s General Manager, Gus Kraus, explains the thinking behind the move to Business Advantage PNG.