The Papua New Guinea Government has revived the National Petroleum Company of PNG (NPCP).
Mining & Energy
National Petroleum Company gets acting MD and board
The 12th Papua New Guinea Mining and Petroleum Investment Conference was held last week in Sydney, Australia. The event was hosted by the PNG Chamber of Mines and Petroleum.
In November 2012, Ok Tedi Mining Limited (OTML) submitted a feasibility plan to extend the Ok Tedi mine’s life to 2025. With continuation agreements being finalised with Western Province landowners this month, we spoke with OTML’s CEO Nigel Parker about the US$822 million extension project and likely changes to PNG’s mining laws.
Senior figures in Papua New Guinea’s new government will come face-to-face with members of the country’s largest industry for the first time at the Papua New Guinea Mining and Petroleum Conference (3–5 December) in Sydney, Australia.
Xstrata Copper has confirmed that it is considering the sale of part or all of its 81.82% share of the Frieda River copper-gold project on the border between Sandaun and East Sepik Provinces in Papua New Guinea.
Nigel Parker, Managing Director and Chief Executive Officer of Ok Tedi Mining Limited (OTML), shares his thoughts on corporate social responsibility, mine life extension and what it means to lead a major mining company in a global market.
Minerals sector enjoys its winnings while industrialised world struggles with debt crises.
Papua New Guinea’s landowner companies have been around for a while, but the current resources boom—particularly the PNG LNG Project—has significantly increased their opportunities.
The PNG LNG Project has led to the creation of new landowner companies.