Barrick Niugini and Kumul Mineral Holdings transfer Porgera special mining lease to New Porgera, Nadzab Airport expected to be completed by August and Geopacific Resources completes capital raising. Your business news in brief.
In brief: Mining lease transferred to New Porgera and other business stories
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27 Apr 2023 by Leave a Comment
People moves: KMPG, Air Niugini, Queensland Government
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28 Mar 2023 by Leave a Comment
KPMG announces changes in leadership roles, Air Niugini has a new Acting GM and inaugural Trade Commissioner for the Pacific appointed.
In brief: Papua New Guinea’s Ramu 2 project on track and other business stories
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27 Mar 2023 by Leave a Comment
The Ramu 2 hydro power station looks to be on track, Mining Minister says there is interest again in Solwara 1 deep sea mining project and the IMF makes sizeable contribution to Papua New Guinea’s economy. Your business news today. Government The International Monetary Fund (IMF) has agreed to provide a 38-month US$918 million (K3.23 […]
In brief: Central Bank pledges to increase monthly forex release to the market
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28 Feb 2023 by Leave a Comment
The Bank of Papua New Guinea to increase monthly forex release by US$40 million, Kumul Petroleum Holdings to supply energy to Special Economic Zones, and key PNG corporates post encouraging 2022 results. Your business news in brief.
In brief: Wafi-Golpu agreement to contain risk funding provisions and other business stories
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27 Sep 2022 by Leave a Comment
Morobe Governor says Wafi-Golpu agreement will contain risk funding provisions, internet cable breakages set to take months to fix, and superannuation fund puts pressure on government over rent arrears. The business news you need today.
In brief: Papua New Guinea to explore free trade agreement with China and other business stories
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12 Sep 2022 by Leave a Comment
Free trade agreement with China to be explored, Papua New Guinea’s Immigration and Citizenship Authority reactivates instant visas, and Port Moresby to get new tower development. The business news today.
Five questions for Paul Abbot, GM Commercial at Air Niugini
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12 Sep 2022 by 2 Comments
Paul Abbot has had a long career in Papua New Guinea’s aviation industry and recently joined national carrier Air Niugini as General Manager Commercial. He talks to Business Advantage PNG about his new role and the current state of the sector.
In brief: Mineral Resources Enga signs Porgera agreement and other stories
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24 Aug 2022 by Leave a Comment
Mineral Resources Enga signs ‘milestone agreement’ towards the reopening of the Porgera mine, negotiations for sale of Telikom PNG and Air Niugini to upgrade fleet. The business news you can’t miss.
In brief: COVID-19 test no longer required for arriving passengers into Papua New Guinea
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10 Aug 2022 by Leave a Comment
COVID-19 test are no longer necessary for inbound passengers into Papua New Guinea, local company gets K62 million contract to project manage infrastructure projects and a coffee producer partners with the Australia’s Market Development Facility to establish a ‘revolving fund’. The news you need today.
In brief: Barrick’s boss visits Papua New Guinea to talk about Porgera and other business stories
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28 Jul 2022 by Leave a Comment
Barrick says ‘all we need is for a shareholders agreement’ to restart Porgera, Air Niugini outperforms Australian airlines, and Harmony Gold indicates Wafi-Golpu’s negotiations continue to progress. The business news you need.
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