Canadian miner K92 has found new ore and is ramping up its operations at its Kainantu mine in Papua New Guinea’s Eastern Highlands Province. In this exclusive interview, Chief Executive John Lewins tells Business Advantage PNG that the company is now profitable and has an anticipated mine life of over 15 years.
French super major Total will look to have a final gas agreement with the Papua New Guinea government for the Papua LNG project by March 2019. If the project gets the final go-ahead, production should start in 2024, according to Jean-Marc Noiray, Managing Director of Total E&P PNG.
Neil Chapman, Senior Vice President of ExxonMobil, told the APEC CEO Summit earlier this month that LNG capacity in Papua New Guinea could double. He claimed the global shift to natural gas to reduce carbon emissions is favouring the industry.
LNG and oil prices have weakened but the cocoa price has strengthened. Business Advantage PNG’s monthly review of Papua New Guinea commodities and financial markets.
What’s behind Air Niugini Cargo Limited’s recently implemented 50 per cent discount on a range of freight exports? ANCL’s General Manager, Gus Kraus, explains the thinking behind the move to Business Advantage PNG.
The Prime Minister Peter O’Neill has signed the Papua New Guinea Electrification Partnership with Australia, Japan, the United States and New Zealand, whose aim is to provide power to 70 per cent of the country’s population by 2030. Currently, only 13 per cent of PNG’s population has reliable access to electricity.
All eyes this week are on Port Moresby in general and the capital’s new Hilton Hotel in particular. Business Advantage PNG takes a look at the site that will host the APEC Leaders’ Gala Dinner and Cultural Performance.
Digital technology and artificial intelligence is changing the way mining is conducted, according to Christiaan Heyning, a Partner at the consultants McKinsey & Company. But he warns that astute management is required to reap the benefits.
The Australian Government has announced plans to set up an infrastructure bank as part of a A$3 billion suite of measures aimed at countering China’s influence in the southwest Pacific and lifting its own engagement in the region. Regional analysts say the funds need to go to Micro, Small to Medium Enterprises (MSMEs), as well as SMEs, and for small projects in remote areas.
The Executive Director of APEC, Alan Bollard tells Business Advantage PNG that finding digital solutions that suit Papua New Guinea has been a focus of APEC discussions. Trust and integrity will be key factors in implementation.