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People moves: Kumul Consolidated Holdings, Digicel, K92 Mining, Capital Insurance Group, Nautilus Minerals, Association of Foresters of PNG

11 Oct 2017 by Leave a Comment
A new MD at Kumul Consolidated Holdings, Digicel appoints a new CEO, senior K92 Mining appointments, MD of Capital Insurance Group resigns, a director of Nautilus Minerals resigns and a new executive at the Association of Foresters of PNG
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Timor-Leste open to investment in oil, gas, tourism, agriculture and fisheries, says Ambassador

9 Oct 2017 by Leave a Comment
With its longstanding dispute with Australia over the Timor Sea resolved, neighbouring Timor-Leste looks set to expand its petroleum and mineral industries. Meanwhile, its government is actively seeking investors in agriculture and fisheries, tourism and services, according to Abel Guterres, Timor-Leste Ambassador to Australia.
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In brief: Construction phase of Panguna mine to cost US$4-6 billion, and other business stories

3 Oct 2017 by 1 Comment
Bougainville Copper Ltd says Panguna mine could be operational by 2025-26, Foreign exchange injection this week, and Tolukuma gold mine may restart by year's end. Your weekly digest of the latest business news. 
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Stronger copper price a boost for Ok Tedi but further rises needed for rest of the sector

3 Oct 2017 by Leave a Comment
The copper price has increased by about a quarter in 2017, although it is still below its 2013 highs. Stephen Howes, Director of the Development Policy Centre at ANU tells Business Advantage PNG that the  boost in the copper price is important for Papua New Guinea, in particular, Ok Tedi.
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Oil Search share sale represents a win for Papua New Guinea, says analyst

27 Sep 2017 by 2 Comments
PNG Government-owned company Kumul Petroleum Holdings has sold its 10 per cent stake in Oil Search, with KPH Managing Director Wapu Sonk reportedly saying it lost A$322 million (K812 m) on the sale. However, stockmarket analyst David Lennox says overall the country has benefited from the process.
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Papua New Guinea should target second tier cities in China, says expert

27 Sep 2017 by Leave a Comment
To deal effectively with China it is best to target second tier cities, David Thomas, Chief Executive of Think Global Consulting, told the Business Advantage Papua New Guinea Investment Conference in Sydney. He said the country's GDP and middle class will double in the next decade, profoundly altering the world economy.
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