Next week’s Papua New Guinea Mining and Petroleum Seminars in Port Moresby will highlight the increasing divergence in fortunes of PNG’s mining and petroleum sectors, according to Greg Anderson, Executive Director of the Papua New Guinea Chamber of Mines and Petroleum.
Westpac appoints a new country head while the Director-general of the Pacific Community retires after eight years.
Future of government shareholding in Oil Search revealed next month, former planning minister guilty of corruption, BHP sees long-term future in gas and other local and regional stories.
Economic analysts have welcomed the 2014 Budget, commending the government for its emphasis on implementing projects it announced last year.
An interim MD for the PNGSDP and a new CFO for LNG Energy
Government ministers and influential economic analysts have welcomed the recent fall in the value of the kina, saying it will boost demand for exports.
Four new mines to come on stream within 10 years, Corruption Commission next year and other local and regional stories.
Bank of South Pacific says it will be closely monitoring next week’s Budget for any opportunities to get involved in infrastructure development, after posting an after-tax profit of US$ 40.4 million (K105 million) last quarter.
Interoil expects to announce a ‘major transformational deal’ by the end of 2013 to develop the Papua New Guinea’s second LNG plant, according to recently appointed CEO Michael Hession.
The wife of Prime Minister Peter O’Neil, Lynda May Babao, has been elected as the Patron of the newly-formed PNG Women’s Chamber of Commerce and Industry.