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Key investment organisations in Papua New Guinea

1 May 2011 by Leave a Comment
Two organisations worth knowing about if you’re looking to invest in Papua New Guinea. Investment Promotion Authority (www.ipa.gov.pg) The IPA is the first point of contact for any potential investor considering doing business in PNG. Not only is the IPA responsible for promoting PNG as a business and investment destination, including the facilitation of trade visits, […]
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Earning a social licence to operate

1 May 2011 by Leave a Comment
PNG veteran Peter Botten, Managing Director of Oil Search Limited, talks about the importance of engagement at a community level in Papua New Guinea. There are few regions of the world where the operating environment is as complex and dynamic as it is in PNG. While most operators appreciate the importance of maintaining a social […]
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Case study: Hornibrook Ngi

1 May 2011 by Leave a Comment
Papua New Guinea’s largest steel fabricator, Hornibrook NGI, provides of a wide range of products and services to the country’s mining and petroleum industry. Hornibrook’s 6,400 square metre workshop in Lae has manufactured processing tanks for Tolukuma, conveyors for Porgera, pipe spooling for Kutubu, and what Managing Director Mal Lewis calls ‘probably our biggest job: […]
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Papua New Guinea’s ICT evolution

1 May 2011 by Leave a Comment
Information and communications technology (ICT) reform in Papua New Guinea is not only delivering cheaper prices and stronger competition: it is also helping businesses devise a new generation of innovative services. As most companies that do business there will tell you, while it can be very rewarding, Papua New Guinea is a demanding environment in […]
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Case Study: Ela Motors, driving Papua New Guinea’s growth

1 May 2010 by Leave a Comment
Toyota Tsusho subsidiary Ela Motors has a long and distinguished history in PNG. Its current programme of new investment illustrates how standards are rising fast in PNG’s services sector. While many automotive businesses around the world suffered during the global downturn, automotive sales and service company Ela Motors grew significantly in PNG and dominated the […]
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Frieda River: glittering project on the rise

1 May 2010 by Leave a Comment
When production at the massive Frieda River copper-gold mine begins in 2016, it will launch a projected 30-year-plus phase of potential major returns for Papua New Guinea and for investors. Regarded as one of the world’s top emerging copper-gold projects, Frieda River is owned by Xstrata Copper (81.18%) and Highlands Frieda Limited (18.82%) in joint […]
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Westpac celebrates 100 years of banking in Papua New Guinea

1 May 2010 by 1 Comment
On May 10, 1910 two young men established PNG’s first commercial bank. Burns Philp had been reluctantly providing banking services before Messers Pickering and Sefton arrived at Port Moresby harbour, and set up shop as the Bank of New South Wales in Douglas Street. Branches at Samarai, Rabaul, Kavieng, Salamua, Wau, Madang and Boroko were […]
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OilSearch celebrates 80 years in Papua New Guinea

1 May 2009 by Leave a Comment
OilSearch Limited is PNG’s longest-established resources company, with an 80-year history of operations in the country. It currently operates all of PNG’s producing oil and gas fields and also has operations in Australia, Yemen and the United Arab Emirates. In fact, the company is still making history, announcing a record US$240 million post-tax profit for […]
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Profile: Mineral Resources Authority

1 May 2009 by 1 Comment
Effectively replacing the regulatory roles previously undertaken by the Department of Mining, the Mineral Resources Authority (MRA) was established by an act of Parliament in 2005. Key to the MRA’s success is the way it is funded. Direct funding from government coffers has been replaced by industry-generated funding. A 0.25% levy on existing mining activity […]
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Mainland Holdings: A diversified business with bite

1 May 2009 by 10 Comments
One of Papua New Guinea’s more colourful enterprises, Mainland Holdings, operates the world’s largest saltwater crocodile farm. But, as Business Advantage discovered on a recent visit to its Lae base, that is just one business unit in a rapidly-increasing portfolio. Looking at Mainland Holdings today, it’s hard to believe that this company began as a […]
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