Sonja Heydeman discovers Madang Resort on the northern coast of mainland Papua New Guinea, as part of our series on the country’s most attractive tourist spots.
Industry sectors
Bougainville leaders are considering lifting the moratorium on mineral exploration which has been in place since the 1970s, in case the Panguna gold and copper mine does not re-open.
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.
Air Niugini’s inaugural flight to Denpasar, Bali, is scheduled for 5 August 2013, as the airline seeks to extend its reach into the region.
Construction of the long-awaited Lae-Nadzab Road upgrade to a four-lane highway begins this month, after Prime Minister Peter O’Neill launched the project last week.
Following recent announcements that it will aim to reduce operating costs at its Papua New Guinea sites, Newcrest Mining Ltd will cut at least 150 jobs from its workforce at the Lihir gold mine.
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.
Nestled in PNG’s Kimbe Bay in West New Britain, Walindi Plantation Resort is a gem for divers eager to encounter some of the most beautiful, unspoiled coral reefs in the world. Sonja Heydeman learns more, as part of our ongoing tour of some of PNG’s leading tourist locations.