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More details of Papua New Guinea’s APEC year revealed

22 May 2018 by Leave a Comment
Major infrastructure upgrades, visits to Papua New Guinea's region, and increased efforts to liberalise trade across the region are part of this year's APEC Leaders' Meeting in Port Moresby. Officials claim that the nation will be well prepared to benefit from hosting the event.
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Wafi Golpu mine would be good for the wider Papua New Guinea economy, says executive

22 May 2018 by Leave a Comment
The proposed Wafi Golpu mine will contribute to the diversification of Papua New Guinea’s economy, according to Craig Jones, Executive General Manager Wafi Golpu at Newcrest Mining. He told the Australia Papua New Guinea Business Forum in Brisbane that, if the project gets the go-ahead, it will help local agriculture.
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Kumul Petroleum MD believes ‘step change’ needed to achieve electrification targets in Papua New Guiea

22 May 2018 by 1 Comment
The Managing Director of Kumul Petroleum Holdings (KPH), Wapu Sonk, believes a ‘step change’ is needed in the electrification of Papua New Guinea. He argues that some gas production should be reserved for domestic production.
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In brief: Oil Search says there is ‘distribution’ problem with payouts, and other business news

15 May 2018 by Leave a Comment
Oil Search acknowledges problems with payouts, Frabelle denies shut down and the ICCC starts legal proceedings against Steamships. Your weekly digest of the latest business news.
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Mainland CEO outlines ambitious plan to diversify into new crops

15 May 2018 by 4 Comments
Papua New Guinea agribusiness Mainland Holdings is launching into new agricultural sectors to reduce its reliance on imports. Chief Executive David Alcock told the Australia Papua New Guinea Business Forum that the company intends to grow sorghum and soya beans to use as stockfeed in partnership with local farmers.
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Court hearings in Port Moresby and Melbourne over future of Bougainville’s Panguna copper mine

8 May 2018 by Leave a Comment
A court hearing this week (17 May) in Port Moresby will help determine if there is a judicial review of the Bougainville government’s decision to refuse the extension of an exploration licence for the Panguna copper mine. Also that day, a federal court hearing will be asked to rule on the release of documents showing the relationship between dissident landowners and a Perth-based company seeking exploration rights to Panguna.
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Lae timber processing facility to fill a niche says ACIAR manager

8 May 2018 by 4 Comments
A proposed timber processing facility near Lae is positioned to fill a niche and play an important role in the forestry industry’s future, according to Tony Bartlett, forestry research program manager at the Australian Centre for International Agricultural Research (ACIAR).
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Services trade and the digital economy the next focus for APEC, says Secretariat’s Executive Director

8 May 2018 by Leave a Comment
APEC’s focus will be on the services trade and the digital economy, Alan Bollard, Executive Director of the APEC Secretariat, told the Australia Papua New Guinea Business Forum and Trade Expo in Brisbane last week. He said the APEC region now represents about half the world economy.
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