The future could look bright for Porgera gold mine, Western Province announces its position on P’nyang, and Papua New Guinea’s Treasurer says non-resource growth for 2020 is projected at 3.3 per cent. The business news you need to kick-start your week.
Although the extractive sector continues to be responsible for the bulk of Papua New Guinea’s exports, the latest Papua New Guinea Extractive Industries Transparency Initiative report has found that revenues to government remain comparatively small. Here’s what you need to know.
The Boeing Company gets a new CEO, small Pacific businesses help Australia, and banks to curb investments in fossil fuels. Readings from around the world on business, leadership and management.
With experts forecasting slow economic growth in 2020, Papua New Guinea’s economy may be facing a temporary loss of momentum. David James examines two new economic reports and what they may mean for business.
The National Executive Council appoints a new Petroleum and Energy Secretary, Airswift announces a General Counsel, PNG Air gets a new Chief Financial Officer, Lae names a District Administrator, the Autonomous Region of Bougainville re-shuffles its cabinet and an Acting Trade Commissioner joins Pacific Trade Invest New Zealand.
New Ireland Province signs deal with Zenith to build three solar plants, inadequate water levels in the Fly River impact Ok Tedi Mining’s operations, and Bmobile and Huawei PNG sign a deal to roll out 5G in Papua New Guinea’s Port Moresby. The business news you need to kick-start your week.
St Barbara will invest A$8–$12 million (K19–28 million) on exploration activities in Papua New Guinea this financial year with the aim of extending its Simberi gold mine beyond its current mine life.
Bougainville voters have voted by an overwhelming margin in favour of independence from Papua New Guinea. All eyes will be on how the National Government responds and what will happen to the island’s K252 billion Panguna copper and gold mine.
As Papua New Guinea awaits the outcome of ongoing negotiations over the P’nyang gas field, Peter Botten, CEO of PNG’s largest company, Oil Search, has hinted that time may be running out to reach an agreement.
A change of government, two budgets, new infrastructure, stalled resources projects – these are just some of the features of the year in business in Papua New Guinea. Here’s how Business Advantage PNG reported on 2019.