The decision by the Marape-Steven government not to extend the Special Mining Lease on the Porgera gold mine is headed for the courts after the National Court of Justice at Waigani ordered both parties to have discussions to resolve the matter.
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PNG Power Acting CEO Douglas Mageo talks to Business Advantage PNG about the prospects for greater accessibility, reliability and affordability in electricity.
Three academics, Dek Joe Sum, Maholopa Laveil and Stephen Howes, analyse Papua New Guinea’s monetary easing measures in response to COVID-19.
Kevin McQuillan meets Dr Elizabeth Alok, who is set to become PNG’s first female heart and lung surgeon.
The Executive Director of Institute of National Affairs, Paul Barker, considers the repercussions from the Papua New Guinea government’s decision not to renew the special mining lease on the Porgera gold mine.
Prime Minister James Marape moves to allays concerns among Papua New Guinea’s mining companies following the decision not to renew the special mining lease for the Porgera gold mine. Meanwhile, the mine’s temporary closure is already affecting local business.
The global economic crisis triggered by COVID-19 outbreak has increased the urgency for Papua New Guinea to facilitate mining projects, which are the biggest providers of crucial foreign exchange. Business Advantage PNG speaks exclusively PNG’s Mineral Resources Authority about where the sector is heading.
The Papua New Guinea Government has announced that it will not renew the existing Special Mining Lease at the Porgera gold mine, which is operated by Barrick Gold. Barrick is set to challenge the decision.
The impact of the COVID-19 crisis on Papua New Guinea’s financial markets has been muted so far. However, the crisis provides an opportunity to create new investment opportunities so that local entrepreneurs can raise capital more easily.
Demand is up, foot traffic is down and trading is restricted but Papua New Guinea’s retailers are finding a way through the country’s current lockdown – and some positive changes are here to stay, reports Paul Chai.