Gold miners Newcrest Mining and Harmony Gold report are reviewing capital expenditure at their two joint venture projects in Papua New Guinea because of weak gold prices.
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Late last month, Hong Kong-based satellite communications company Speedcast bought Australian satellite company Pactel International, and in a little-publicised deal, Digicel PNG purchased the country’s home-grown satellite company, Remington Communications, from the larger Remington group.
The global media revolution has arrived in Papua New Guinea, with local television company EMTV transforming from a traditional broadcaster into one in step with the digital age.
The PNG LNG project has reached another milestone with the opening of the 3.2km-long Komo Airfield in the southern Highlands, according to Oil Search Managing Director, Peter Botten.
Papua New Guinea’s business community has rallied round Buk bilong Pikinini (BbP), a charity dedicated to bringing literacy to children through libraries.
Commercial lawyer Steven Kami says PNG’s superannuation and life insurance sectors are worried about the effect of the new prudential standards on corporate governance, and in particular the effect on eligible directors.
This month, global gold, copper and silver prices hit lows not seen for over two years, causing commentators around the world to suggest that the global mining boom, driven largely by demand from China, is over. How could this effect Papua New Guinea?
Akamai’s quarterly The State of the Internet study has become a valued measure of the proliferation of the worldwide web over the past five years. Its latest edition, covering the last quarter of 2012, was released last week.
The transformation of Bemobile mobile phone company following last week’s reported restructure has begun, with Bemobile’s Regional CEO for Papua New Guinea and Solomon Islands, Pradeep Lal, already in PNG to take the reins, and a contract to roll out 300 more towers in place.
The dream of high speed broadband in Papua New Guinea has taken a step closer, with the completion of a fibre-optic cable connecting Gulf Province with the ExxonMobil-run PNG LNG plant, 20km north of Port Moresby.