News

Sufficient coal in Papua New Guinea to supply a 50-megawatt power station for 30 years, says Mayur Resources

A drilling campaign covering 1.5 km in the Gulf region has revealed there is enough high quality coal to run a 50-megawatt power station for 30 years, according to Paul Mulder, CEO of Brisbane-based unlisted miner, Mayur Resources.
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In brief: BSP bid to buy Westpac Vanuatu rejected, and other business stories

Vanuatu's Reserve Bank rejects sale of Westpac Vanuatu to BSP, Airlines PNG invited to fly into Samoa and 'show cause' notice issued over slow progress of new Lae highway. Your weekly digest of the latest business news.
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In brief: Sovereign Wealth Fund & Corruption Commission legislation before parliament, and other business news

Proposed Sovereign Wealth Fund reaches third reading stage, Air Niugini 'on track' for 50% sell-off, and second LNG plant to create 10,000 jobs. Your weekly digest of the latest business news.
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In brief: Papua New Guinea’s Bank of South Pacific completes purchase of three Westpac Pacific operations, and other business news

Bank of South Pacific finalises purchase of Westpac's Tonga, Samoa and Cook Islands banks; Special Economic Zone agreement in East Sepik and Santos reportedly buying into P'nyang gas field. Your weekly digest of the latest business news.
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In brief: US power and construction company eyes Papua New Guinea as next location, and other business news

Pernix Group looks to expand into Papua New Guinea, European Investment Bank invited into PNG and Finance Minister says LNG is not 'a waterfall' of money.
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