With a soaring share price, production upgrades and strong cash flows, K92 Mining is proving to be one of Papua New Guinea’s resource success stories. Chief Executive Officer John Lewins outlines the company’s aggressive expansion plans to Business Advantage PNG.
Papua New Guinea is set to introduce new rules for petroleum licenses, according to Kumul Petroleum Holdings Limited Managing Director, Wapu Sonk. In this exclusive interview, he tells Business Advantage PNG the state-owned oil and gas company is about to undergo a transformational change.
Developing alluvial mining in Papua New Guinea can greatly boost the rural economies, according to Immaculate Javia, founder of Sustainable Alluvial Mining Services.
The changes to the Mining Act being considered by the Marape government could benefit the industry, according to John Lewins, Chief Executive Officer of K92 Mining Inc. In this exclusive interview with Business Advantage PNG he explains why.
The global capital markets are concentrating on quality mining assets preferably close to production, according to a panel of experts at the International Mining and Resources Conference in Melbourne. They said that ‘frontier’ countries should be looking widely for capital, particularly in Asia. David James reports.
Oil and gas have performed strongly, and there is also an upward trend in metals prices. Business Advantage PNG’s monthly review of Papua New Guinea commodity and financial markets.
Papua New Guinea’s Mineral Resource Authority has ordered the indefinite closure of Ramu Nickel processing plant operations after it failed to comply with 16 remedial measures issued following a slurry spill into Basamuk Bay on August 24.
Prime Minister James Marape has outlined a two-pronged economic strategy to boost Papua New Guinea’s economy. He has also commented on the government’s attempts to manage the country’s rising debt, reports David James.
After the government’s endorsement of the Papua LNG Gas Agreement in September, attention has shifted to achieving a deal for the P’nyang gas project. Its developers see its pending approval as a prerequisite for the commencement of Papua LNG.
Gold is one of Papua New Guinea’s oldest export industries. Volumes have been volatile but the prospects for the sector look good, according to an expert at the World Gold Council.