People moves: Barrick Gold Corporation, National Department of Health, Petroleum Resources Gobe, Trade and Investment Queensland, Papua New Guinea Athletes Commission

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Barrick Gold Corporation welcomes an Independent Director, the National Department of Health appoints an Acting Executive Manager, Petroleum Resources Gobe names a new head, Trade and Investment Queensland announces CEO, and Papua New Guinea Athletes Commission elects new Chairperso

In brief: Porgera mine to continue operations and other business stories

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Operations at Porgera mine will continue while the application for the Special Mining Lease is revised, concerns about the delay in the approval of the Ramu 2 project, and Wafi-Golpu still before court. Your weekly digest of business news.

In Brief: US$13 million airport project announced in Mendi and other business stories

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Papua New Guinea’s Prime Minister has announced a US$13 million airport in Mendi and Moody’s has changed the country’s issuer ratings from negative to stable. Your weekly digest of the latest business news.

Kingston Resources MD says company is looking to extend Misima and develop new sites

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Work at the Misima gold project has commenced, with Kingston Resources planning to extend the current resource and develop new mining areas.  Kingston Resources Managing Director, Andrew Corbett, tells Business Advantage PNG he expects drilling programs to commence in April.

In brief: Asian Development Bank downgrades Papua New Guinea’s growth outlook, and other business stories

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Papua New Guinea’s growth forecast downgraded by Asian Development Bank, Bank of PNG says growth this year will partly be driven by non-mineral sector activity, plus claims PNG’s global corruption rating will depend on government commitment to accountability. Your weekly digest of the latest business news.

In brief: Bank of Papua New Guinea seeks K793 million loan to assist foreign exchange backlog, and other business stories

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Central bank seeks temporary loan to cover backlog of demand for foreign currency, district grants and non-tax paying companies under fire and kina to fall to its lowest level since 2003 if current rate of depreciation continues. Your weekly digest of the latest business news.

In brief: manufacturing affected by downturn in the economy and other business stories

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Manufacturing affected by downturn in economy, Japanese International Co-operation Agency ready to start Lae-Nadzab Development Project and CPL’s profit comes in at K6.5 million. Your weekly digest of the latest business news.

In brief: Mining resumes at the Porgera gold mine following partial closure, and other business stories

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Suspension of operations at Porgera mine lifted after 16 days, consumers to wait for imported vegetables, and Woodside reiterates ‘fairness’ of Oil Search takeover offer. Your weekly digest of the latest business news.

In brief: PM to launch construction phase of Pacific Marine Industrial Zone project, and other business stories

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Pacific Marine Industrial Zone construction to start this month, personnel emoluments overruns costing PNG millions, and Newcrest Mining delivers profit. Your weekly digest of the latest business news.

Second mine suspension in Papua New Guinea highlights drought impact

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The suspension of a second mine in Papua New Guinea has highlighted the impact of the El Nino drought, which is also severely affecting the agriculture industry. Just how long the drought continues for will determine the long-term effects, according to Paul Barker, the Executive Director of the Institute of National Affairs.