Gold miners Newcrest Mining and Harmony Gold report are reviewing capital expenditure at their two joint venture projects in Papua New Guinea because of weak gold prices.
News
Late last month, Hong Kong-based satellite communications company Speedcast bought Australian satellite company Pactel International, and in a little-publicised deal, Digicel PNG purchased the country’s home-grown satellite company, Remington Communications, from the larger Remington group.
Sri Lanka praises PNG for not criticising CHOGM venue, PNG’s PM to raise visa issue with Gillard later this week, a 3rd Malaysian company considers investing in PNG’s palm oil industry, a call for Woodside to take over Oil Search and what on earth are ‘disruptive technologies’?
Interest in Papua New Guinea among businesses in far north Queensland, Australia, has never been higher. Business Advantage PNG dropped in on a regular PNG networking event in Cairns last week to learn more.
Tony Koiri has stepped down from the role of Chief Executive Officer of state-owned utility PNG Power Ltd after six years at the helm. He will stay on as a special advisor for the next six months to smooth the transition to new company leadership.
The PNG LNG project has reached another milestone with the opening of the 3.2km-long Komo Airfield in the southern Highlands, according to Oil Search Managing Director, Peter Botten.
PNG’s Chamber of Mines and Petroleum elected Oil Search Managing Director, Gerea Aopi, as its new President during its annual general meeting last week. He replaces outgoing President, Dr Ila Temu.
PNG violence, Vodafone in Madrid, PNG criticised for mining delays, the gold crash leads to a gold rush, and much more news from around the world
The transformation of Bemobile mobile phone company following last week’s reported restructure has begun, with Bemobile’s Regional CEO for Papua New Guinea and Solomon Islands, Pradeep Lal, already in PNG to take the reins, and a contract to roll out 300 more towers in place.
The dream of high speed broadband in Papua New Guinea has taken a step closer, with the completion of a fibre-optic cable connecting Gulf Province with the ExxonMobil-run PNG LNG plant, 20km north of Port Moresby.