News

Geopacific Resources’ ‘phenomenal’ Woodlark project to produce gold within 18 months

Australian miner Geopacific Resources has secured funding to develop the gold mine on Papua New Guinea’s Woodlark Island in Papua New Guinea’s Milne Bay Province. Business Advantage PNG spoke exclusively to Chairman Ian Clyne and CEO Tim Richards about their expectations for the project.
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BSP denies regulator’s anti-money laundering allegations

BSP Financial Group (BFL) has responded to allegations made by the Bank of Papua New Guinea's Financial Analysis and Supervision Unit (FASU) that it was in breach of the country's anti-money laundering laws. Meanwhile, the Bank of PNG's Governor has distanced the central bank from the allegations made by its own unit.
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In brief: Freeport to acquire assets in Papua New Guinea and other business stories

Potential new owner for the Yandera copper project, proposed levy for balsa wood and BSP Financial Group halts trading on the ASX amidst accusations of breaches to anti-money laundering laws. The business news in brief.
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In brief: More than a billion kina for ‘maritime infrastructure’ and other business stories

PNG Ports announced a K1.1 billion partnership with Australia for maritime infrastructure, Geopacific Resources gets funding for Woodlark Island gold mine and new training program for SMEs. The business news in brief.
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