Melbourne-based mining company, Newcrest Mining Ltd, which has extensive mining assets in Papua New Guinea, has ended the financial year with a net loss of AUD$5.778 billion (K 12.29 billion) for 2012–13.
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Gold miner Newcrest has appointed experienced director and lawyer Peter Hay to its board.
The Papua New Guinea government is looking for a new partner to develop the country’s second mobile phone carrier, Bemobile, after the Fiji National Provident Fund suddenly pulled out.
Prime Minister O’Neill’s promise to leave the management of Ok Tedi Mining Ltd in place when his government takes over the mine is ‘very reassuring’, according to the company’s managing director, Nigel Parker.
Australia’s asylum-seeker policy, relations with Fiji and PNG’s mining sector featured in the media this week.
Small business operators will be the beneficiaries of an online registration process, which they can use to register new businesses and update information.
Papua New Guinea’s Treasurer Don Polye gave a comprehensive update on the nation’s economic outlook last week. We asked analysts for their reaction.
Ernie Gangloff is now Managing Director of Gangloff Consulting after retiring as a partner with Deloitte Touche Tohamtsu where he worked in the areas of Risk and Consulting Services. He is currently assisting Sir Brown Bai with the Lihir Mine Agreement Review.
The Pacific rarely attracts attention from The Economist so two articles in as many weeks is noteworthy.
For the first time since Fiji’s 2006 coup, the annual Australia-Fiji Business Forum was held in Australia earlier this week.