Mining/petroleum

Court challenge: Marape forced to rethink Porgera decision by courts

4 May 2020 by David James 12 Comments

The decision by the Marape-Steven government not to extend the Special Mining Lease on the Porgera gold mine is headed for the courts after the National Court of Justice at Waigani ordered both parties to have discussions to resolve the matter.
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Porgera fallout: Prime Minister moves to reassure Papua New Guinea’s miners

29 Apr 2020 by David James 6 Comments

Prime Minister James Marape moves to allays concerns among Papua New Guinea's mining companies following the decision not to renew the special mining lease for the Porgera gold mine. Meanwhile, the mine's temporary closure is already affecting local business.
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Digging deeper: Mineral Resources Authority confident about the future of Papua New Guinea’s mining sector

27 Apr 2020 by Business Advantage PNG 2 Comments

The global economic crisis triggered by COVID-19 outbreak has increased the urgency for Papua New Guinea to facilitate mining projects, which are the biggest providers of crucial foreign exchange. Business Advantage PNG speaks exclusively PNG’s Mineral Resources Authority about where the sector is heading.
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‘Nationalisation without due process’? Barrick Gold to take on Papua New Guinea government over Porgera decision

27 Apr 2020 by David James 6 Comments

The Papua New Guinea Government has announced that it will not renew the existing Special Mining Lease at the Porgera gold mine, which is operated by Barrick Gold. Barrick is set to challenge the decision.
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Debt crisis looming: reports say Papua New Guinea needs new investment

20 Apr 2020 by David James 1 Comment

Papua New Guinea is facing a debt crisis according to new reports from the Asian Development Bank and the World Bank, and the country will need the cash injection of new major investments to avoid 'lacklustre' future growth.
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Oil Search capital raising: is stake in PNG LNG project up for sale?

8 Apr 2020 by David James 6 Comments

Papua New Guinea's largest company, Oil Search, is proposing to raise US$700 million (K2.4 billion) to strengthen its balance sheet in response to declining oil prices. The company’s stake in the PNG LNG project may also eventually be on the table.
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What the oil price shock means for Papua New Guinea

11 Mar 2020 by David James Leave a Comment

Analysts have contrasting views on the effect of the oil price war between Russia and Saudi Arabia on long-term oil and gas projects in Papua New Guinea. David James considers these, and the likely impact on domestic petrol and diesel prices.
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Oil Search’s Peter Botten: the exit interview

4 Mar 2020 by Paul Chai Leave a Comment

The departing Oil Search Managing Director tells Business Advantage PNG he remains positive about Papua New Guinea’s economic future, saying that LNG investment can help fund a stronger, more diversified economy. And he has some parting advice.
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Crisis or opportunity: building your company’s brand during the time of COVID-19
The COVID-19 crisis has sent economic shockwaves around the world and seen businesses in PNG and elsewhere cut costs. This may seem prudent but it... The post Crisis or opportunity: building your company’s brand during the time of COVID-19 appeared first on Business Advantage International.
PNG’s largest businesses are optimistic
Despite significant volatility, Papua New Guinea’s largest businesses remain optimistic about the year ahead. That’s according to the results of the latest PNG 100 CEO... The post PNG’s largest businesses are optimistic appeared first on Business Advantage International.
2020 PNG 100 CEO Survey and Business Breakfast
On 20 February, Business Advantage International, the Port Moresby Chamber of Commerce and Industry and Westpac PNG presented a special business breakfast for the official... The post 2020 PNG 100 CEO Survey and Business Breakfast appeared first on Business Advantage International.

Mining/petroleum

Court challenge: Marape forced to rethink Porgera decision by courts

Porgera fallout: Prime Minister moves to reassure Papua New Guinea’s miners

Digging deeper: Mineral Resources Authority confident about the future of Papua New Guinea’s mining sector

‘Nationalisation without due process’? Barrick Gold to take on Papua New Guinea government over Porgera decision

Debt crisis looming: reports say Papua New Guinea needs new investment

Oil Search capital raising: is stake in PNG LNG project up for sale?

What the oil price shock means for Papua New Guinea

Oil Search’s Peter Botten: the exit interview

Papua New Guinea falls in global mining rankings survey

LNG’s role in Papua New Guinea’s foreign exchange challenges

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Crisis or opportunity: building your company’s brand during the time of COVID-19 [analysis]

Pepsi is back in Papua New Guinea, and helping SMEs get a head start

Crisis management: taking care of business during Papua New Guinea’s SOE

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