News

Papua New Guinea’s Frieda River project still faces obstacles, says Managing Director Fred Hess

PanAust is keen to start development of the Frieda River copper gold project, Managing Director Fred Hess told the PNG Mining and Petroleum Investment Conference in Sydney. But he warns there are many obstacles to establishing a mine in such a remote region of Papua New Guinea and the decision has not yet been made to go ahead.
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In brief: Supplementary Budget in January to address tax measures, and other business stories

Treasurer says Supplementary Budget will review tax measures proposed in the 2017 Budget, sufficient geothermal power in PNG for years to come, and Philippines asked to ban fishing companies operating in PNG. Your weekly digest.
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In brief: Agriculture Minister calls for annual 10% Budget investment in sector and other business stories

Tomscoll says government must invest in agriculture if the economy is to survive, government waiting for Chinese funding of PMIZ a year after launch, and O'Neill discusses closer ties with Thailand. Your weekly digest of the latest business news.
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Copper down but palm oil up: a monthly review of commodities and financial markets

Copper and cocoa prices have eased sharply over the last month, while palm oil prices have surged. Gas and oil prices are largely unchanged and precious metals prices have eased. Business Advantage PNG’s monthly overview of commodity and financial markets.
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