Industry sectors

Wafi Golpu mine would be good for the wider Papua New Guinea economy, says executive

The proposed Wafi Golpu mine will contribute to the diversification of Papua New Guinea’s economy, according to Craig Jones, Executive General Manager Wafi Golpu at Newcrest Mining. He told the Australia Papua New Guinea Business Forum in Brisbane that, if the project gets the go-ahead, it will help local agriculture.
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Kumul Petroleum MD believes ‘step change’ needed to achieve electrification targets in Papua New Guiea

The Managing Director of Kumul Petroleum Holdings (KPH), Wapu Sonk, believes a ‘step change’ is needed in the electrification of Papua New Guinea. He argues that some gas production should be reserved for domestic production.
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Mainland CEO outlines ambitious plan to diversify into new crops

Papua New Guinea agribusiness Mainland Holdings is launching into new agricultural sectors to reduce its reliance on imports. Chief Executive David Alcock told the Australia Papua New Guinea Business Forum that the company intends to grow sorghum and soya beans to use as stockfeed in partnership with local farmers.
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Diversification critical to success in Papua New Guinea, says Hornibrook NGI MD

Vertical integration is the key to growth in Papua New Guinea, according to Hornibrook NGI Managing Director Matthew Lewis. He tells Business Advantage PNG the steel fabrication and construction company is leveraging its in-house capacity to diversify into property and hospitality.
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Court hearings in Port Moresby and Melbourne over future of Bougainville’s Panguna copper mine

A court hearing this week (17 May) in Port Moresby will help determine if there is a judicial review of the Bougainville government’s decision to refuse the extension of an exploration licence for the Panguna copper mine. Also that day, a federal court hearing will be asked to rule on the release of documents showing the relationship between dissident landowners and a Perth-based company seeking exploration rights to Panguna.
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Lae timber processing facility to fill a niche says ACIAR manager

A proposed timber processing facility near Lae is positioned to fill a niche and play an important role in the forestry industry’s future, according to Tony Bartlett, forestry research program manager at the Australian Centre for International Agricultural Research (ACIAR).
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