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Papua New Guinea is ranked as the tenth worst destination for investment in mining, according to the Fraser Institute’s Survey of Mining Companies 2020. Infrastructure and security were nominated as areas of particular concern.

Mayur Resources’ mineral sands project at Orokolo Bay, Gulf Province, is close to commencing according to Managing Director Paul Mulder. He highlights the opportunities to Business Advantage PNG.

With the death of Grand Chief Sir Michael Somare – the man who led Papua New Guinea to independence in 1975 and became Papua New Guinea’s longest-serving member of parliament – the Pacific has lost one of its most prominent and respected leaders.

Newcrest Mining says it can ‘unlock significant value’ at Lihir, Papua New Guinea’s biggest gold mine. David James takes a closer look at a mine forecast to produce over a million ounces a year.

Papua New Guinea is experiencing similar stresses to other economies in the Pacific region due to the impact of COVID-19. Two reports, by the Asian Development Bank and Pacific Trade Invest, highlight both the impacts and a way to recovery.

Julliane Terry, owner of the consultancy firm Tok Stret Consulting, has launched business incubator hub in Lae to foster innovation in PNG’s second city. ‘When something is happening in Lae, you can rest assured the rest of the country will benefit,’ she tells Business Advantage PNG.

With its domestic services in Papua New Guinea close to pre-COVID levels, national carrier Air Niugini is now looking to increase its international services, as it continues to provide an international economic lifeline for the country.

In this exclusive interview, Wapu Sonk, Managing Director of Kumul Petroleum Holdings, looks ahead to the next decade of Papua New Guinea’s petroleum and gas sector.

Papua New Guinean entrepreneurs are challenging the status quo and seeking new opportunities to embrace change, give back to the community and help PNG’s economy thrive in the post-COVID world.

Reports that a Chinese company has put forward a multibillion dollar plan to develop several areas in Western Province have highlighted the lack of investment in one of Papua New Guinea’s most neglected provinces.