In brief: Papua New Guinea and Twinza reach landmark terms for Pasca A project and other business stories

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Prime Minister Marape announces that after successful negotiations an agreement has been reached for the PASCA Offshore Petroleum Project, Barrick Niugini lodges an application for Judicial Review of the purported grant of a special mining lease to Kumul Minerals Holdings and Bougainville’s new president. The business news you need to kickstart your week.

People moves: National Executive Council, Airswift, PNG Air, Lae, Bougainville, Pacific Trade Invest

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The National Executive Council appoints a new Petroleum and Energy Secretary, Airswift announces a General Counsel, PNG Air gets a new Chief Financial Officer, Lae names a District Administrator, the Autonomous Region of Bougainville re-shuffles its cabinet and an Acting Trade Commissioner joins Pacific Trade Invest New Zealand.

In brief: Coral Sea Cable wholesale internet rates to plummet and other business stories

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New Ireland Province signs deal with Zenith to build three solar plants, inadequate water levels in the Fly River impact Ok Tedi Mining’s operations, and Bmobile and Huawei PNG sign a deal to roll out 5G in Papua New Guinea’s Port Moresby. The business news you need to kick-start your week.

2019: the year in review for Papua New Guinea business

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A change of government, two budgets, new infrastructure, stalled resources projects – these are just some of the features of the year in business in Papua New Guinea. Here’s how Business Advantage PNG reported on 2019.

Nine things businesses need to know about Bougainville’s referendum

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The writ has been issued and postal voting has commenced ahead of the long-awaited referendum on independence for the Autonomous Region of Bougainville. Here are nine things you should know about the referendum.

Seven questions for Andrew C. Abel, President of the Surfing Association of Papua New Guinea

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The president and co-founder of the Surfing Association of Papua New Guinea (SAPNG) is pushing ahead with plans to establish surf tourism in Bougainville, perhaps one of the last frontiers for the sport in the world.

In Brief: New petroleum regulator on Papua New Guinea’s radar and other business stories

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The Papua New Guinea’s Petroleum Minister has said he will put forward a bill on the proposed National Petroleum Authority and Bougainville receives an extra $US700,000 to support its referendum. Your weekly digest of the latest business news.

People moves: Bougainville government, FinCorp

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New Minister for Economic Development, board changes at FinCorp.

Court hearings in Port Moresby and Melbourne over future of Bougainville’s Panguna copper mine

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A court hearing this week (17 May) in Port Moresby will help determine if there is a judicial review of the Bougainville government’s decision to refuse the extension of an exploration licence for the Panguna copper mine. Also that day, a federal court hearing will be asked to rule on the release of documents showing the relationship between dissident landowners and a Perth-based company seeking exploration rights to Panguna.

Key meetings to determine timeline for rebuilding Bougainville’s Panguna copper mine

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Two key events before year’s end are likely to decide the timeline for the rebuilding of the Panguna copper mine on Bougainville Island. The Chairman of Bougainville Copper Limited, Rob Burns also tells Business Advantage PNG two board appointments last month (Oct) is part of the company’s strategic development.