A commitment by TotalEnergies, operator of the Papua LNG Project, to provide the PNG government with a National Content Plan in September, will ensure PNG businesses receive their fair share of preparatory early works contracts, which will be awarded this month.
There’s every likelihood that a takeover of Newcrest Mining by Newmont Corporation will be completed by the end of this year. But how will this affect Newcrest’s Papua New Guinea-based assets – the Lihir gold mine and the Wafi-Golpu project?
CEO Danny Robinson walks Business Advantage PNG through plans to become a niche commercial bank after the [bank] regulator recently fast-tracked the finance company’s application for a full banking licence in Papua New Guinea.
While Papua New Guinea’s tourism sector is still rebounding from COVID-19, a new strategy for the sector, plus key infrastructure investments, looks set to support future growth.
While higher costs, supply chain glitches and restricted trading have underpinned a tough two years, the head of Heineken-owned SP Brewery foresees better times ahead.
International hotel chains are finally arriving en masse in Papua New Guinea. Business Advantage PNG takes a closer look at this noteworthy property trend.
Last year, the United Kingdom government used major sporting events like the Commonwealth Games and the Rugby League World Cup to showcase Papua New Guinea coffee. Keith Scott, the UK’s High Commissioner to PNG, tells Business Advantage PNG of further plans to encourage more business with post-Brexit Britain.
A landmark memorandum of understanding between the PNG government and the Wafi-Golpu Joint Venture participants, Newcrest Mining and Harmony Gold, marks the key step towards the granting of a special mining lease for the Wafi-Golpu copper-gold mine, the application for which was first lodged back in August 2016.
There is broad agreement that Papua New Guinea needs more competition in its banking sector, and several finance companies have flagged their desire to acquire banking licences. What happens next, however, is likely to depend on government action.
Freight volumes into PNG’s two major international ports, Motukea and Lae, were up substantially in 2022. New resources projects and transformative investments look set to drive further expansion.