InterOil shareholders have overwhelmingly approved a revised takeover bid from ExxonMobil, despite opposition from InterOil founder, Phil Mulacek.
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InterOil shareholders approve revised takeover proposal
15 Feb 2017 by Leave a Comment
In brief: Dual citizenship a reality by March, and other business stories
14 Feb 2017 by Leave a Comment
Dual citizenship almost a reality, Wereh outlines the impact of climate change on road design and funding, and the cost to business of family violence revealed. Your weekly digest of the latest business news.
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Ok Tedi likely to have extended mine life, says CEO
14 Feb 2017 by Leave a Comment
The Chief Executive of Papua New Guinea’s Ok Tedi mine, Peter Graham, tells Business Advantage PNG that the company is now in the top quartile of global copper producers. He says revised company estimates indicate the mine—for many years one of PNG’s major sources of foreign exchange—should have a longer life. The company responsible for PNG’s largest operational mine is considering the […]
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What the IMF says will solve PNG’s problems
8 Feb 2017 by Leave a Comment
The IMF’s report on Papua New Guinea has suggested that the PNG Government has responded to pressures on the budget and foreign exchange shortages. But it says that more attention should be given to the deals offered to foreign mining companies.
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In brief: Business leaders predict job losses, pessimistic about revenue growth in 2017, and other business news
7 Feb 2017 by 1 Comment
'More jobs to go' warning if business continue to rationalise, O'Neill says $S300m loan to be used foreign exchange, Australia funding APEC 2018 to fend off China. Your weekly digest of the latest business news.
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K92 Mining brings Kainantu gold mine in Papua New Guinea back to life
7 Feb 2017 by 1 Comment
K92 Mining is preparing for its first export of gold concentrate from Kainantu mine and plans to ramp up to full production around April this year, company Chief Operating Officer, John Lewins tells Business Advantage PNG.
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In brief: Further delay in start of Pacific Marine Industrial Zone, and other business stories
31 Jan 2017 by Leave a Comment
China wants extra loan to fund PMIZ, unions concerned about housing tax on employees, Bank PNG questions accuracy of IMF economic report. Your weekly digest of the latest business news.
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Oil and metals in holding pattern: a monthly review of Papua New Guinea’s commodities and financial markets
24 Jan 2017 by Leave a Comment
Commodities markets appear to have entered a holding pattern, with stability evident in the oil market and metals. Business Advantage PNG’s monthly overview of Papua New Guinea's commodity and financial markets.
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In brief: Vote on revised InterOil takeover bid in February, and other business stories
18 Jan 2017 by Leave a Comment
InterOil shareholders to vote on revised takeover bid by ExxonMobil in February, government debt rises in September quarter, Oil Search and Kumul Energy to evaluate proposed power projects. Your weekly digest of the latest business news.
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Sticking points in Mining Act yet to be resolved, says Mining Minister Byron Chan
9 Jan 2017 by Leave a Comment
The Minister for Mining, Byron Chan, says that the amendments to Papua New Guinea's Mining Act are ‘complete’. But he tells Business Advantage PNG that there are some contentious issues.
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