Barrick’s CEO addresses delays in the reopening of Porgera mine, rice farming potentially back on the table after a visit from a Filipino delegation and PNG LNG’s contribution to the State. Your business news in brief.
News
Central bank welcomes a new Acting Governor, the Papua New Guinea Chamber of Mines and Petroleum farewells Executive Director, Nambawan Super gets new board member, changes at Ok Tedi Mining, and Credit Corp announces staff changes.
Newcrest Mining has approved a A$280 million (K696 million) expansion of its Lihir mine, following board endorsement of its Phase 14A feasibility study. The decision is set to deliver higher gold production and may extend mine-life.
Papua New Guinea announces ban on frozen chicken products, K1.5 million for the copra industry and Australia’s Prime Minister visits PNG.
Business Advantage PNG looks to the year ahead and considers what Papua New Guinea-focused businesses can expect in the coming 12 months.
People Moves: Nasfund, Newcrest Mining, ANZ Bank, NAC, Vodafone, East West Transport, BAPNG, PNG Air
New CEOs for Nasfund and ANZ Bank, Newcrest CEO retires, changes at National Airports Corporation, new GM for East West Transport and new marketing head at Vodafone PNG and
Canadian company K92 Mining gets lease extension, PNG DataCo announces cables damaged after the September earthquake have been repaired and Kina Bank changes plans because of the raise in corporate tax. Your business news, curated and summarised.
The first National Budget of the returned Marape Government predicts record government revenues and expenditure in 2023, with significant increases in spending on infrastructure, law and order, education and health.
Opening the 16th Papua New Guinea Mining and Petroleum Investment Conference in Sydney, Prime Minister James Marape has warned investors that changes are coming to Papua New Guinea’s resources regime.
Senior resignations at Ok Tedi Mining and Geopacific Resources, while Data#3 appoints new CFO.