News

Standard & Poor’s ratings agency has maintained its year-long rating of Papua New Guinea’s economy as stable, but has some concerns.

The entry of PanAust—a new player in PNG’s mining sector—is good news for the giant Frieda River gold and copper mining project in East Sepik Province. The move has also been welcomed by analysts.

Airlines PNG appoints a new Chief Commercial Officer in a restructure, while there is a leadership change at Cloudy Bay Sustainable Forestry.

The O’Neill government seeks legal advice on the Nautilus ruling and other local and international stories.

Pacific Trade Commissioner resigns

The great untapped investment area in Papua New Guinea is infrastructure, according to Syd Yates, ‎Executive Director of investment fund Kina Asset Management Limited (KAML).

Credit Corporation shareholders decide not to sell up to BSP, while Papua New Guinea business visa fees rise sharply and Ok Tedi landowners threaten to close the mine in the latest dispute over the government’s takeover.

The board of telecommunications company, Bemobile, has appointed Sundar Ramamurthy as its new group Chief Executive Officer.

Recent government communications with Fiji Television Ltd, owner of Papua New Guinea’s national television broadcaster EMTV, indicates the PNG Government is considering new laws to restrict foreign ownership of PNG’s media.

Even if the PNG Government puts up its share of the funds for the Solwara I, as Nautilus Minerals’ CEO expects, it will be at least two to three years before the company can begin its deep sea mining operation in the Bismarck Sea.