The President of Bougainville, John Momis, wants work on restarting the giant Panguna gold and copper mine later this year, and says the former leader of the Bougainville Revolutionary Army, Sam Kuona, now supports re-opening the mine. In this exclusive interview with Business Advantage PNG, he outlines the steps now needed to restart operations.
Last month, Papua New Guinea’s fledgling National Petroleum Company signed its first deal, and it was a big one: a Memorandum of Understanding with Indonesia’s massive national oil company, Pertamina. NPCP Chairman Frank Kramer explains how the relationship will work.
The Institute of National Affairs’ (INA) five-yearly survey of businesses in Papua New Guinea shows that once again law and order stands out as the private sector’s top concern, closely followed by corruption.
Growth across the Pacific region is expected to slow slightly during 2013, with Timor Leste, Papua New Guinea and Nauru the outstanding performers, according to a mid-year review by the Asian Development Bank.
Commodities prices have been sold off heavily over the past week on worries that the global economy will slow. What does this mean for Papua New Guinea’s agricultural producers?
Market reaction to the proposed move to make New Britain Palm Oil Limited (NBPOL) a subsidiary of Malaysian company Kulim (Malaysia) Berhad has been generally positive, although one observer questions why PNG-based investors aren’t taking advantage of the fall in NBPOL’s share price.
Papua New Guinea’s currency, the kina, has lost around eight percent of its value against the US dollar over the past 12 months. What does this mean for business?
The Australia/New Zealand representative for PNG’s Tourism Promotion Authority predicts strong growth in domestic tourism, anticipating a drop in travel costs and increased marketing of PNG’s natural scenic spots. Sonja Heydemann reports.
Papua New Guinea Sustainable Development Program Ltd appears to be resigned to losing its main asset, the Ok Tedi mine, to the PNG Government. What are the implications if the takeover goes ahead?
The Chairman of Advance Cairns, Cam Charlton, explains why the commercial ties between Cairns and PNG are going from strength to strength.