In Brief: Bougainville Copper Limited says there is interest in reviving the Panguna Mine and other business stories

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Nine members of Papua New Guinea’s Parliament resigned from the People’s National of Congress, Bougainville Copper Limited said there is interest to revive the Panguna mine, and rice harvesting commenced at Rangiampun in Umi. Your weekly digest of business news.

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.

In brief: Details of US$500m Credit Suisse loan to Papua New Guinea revealed, and other business stories

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Treasury Minister outlines details of US$500 million loan deal, World Bank commends 2018 Budget, crucial meeting over the future of BCL’s exploration licence. Your weekly digest of the latest business news.  

People moves: Bougainville Copper, Westpac, Air Niugini, PNGICSA

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A new chair at Bougainville Copper, Westpac appoints a new Pacific Regional Head, a new Sales Manager for Air Niugini in the New Guinea Islands and a new chief migration officer appointed by the National Executive Council

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.

In brief: O’Neill says 2018 Budget will encourage businesses and create jobs, and other business stories

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Prime Minister O’Neill says 2018 will encourage business development and create jobs, IFC identifies niche markets for tourism growth, and Aropa Airport edges towards night flights. Your weekly digest of the latest business news. 

In brief: Construction phase of Panguna mine to cost US$4-6 billion, and other business stories

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Bougainville Copper Ltd says Panguna mine could be operational by 2025-26, Foreign exchange injection this week, and Tolukuma gold mine may restart by year’s end. Your weekly digest of the latest business news. 

People moves: Bank South Pacific, Bougainville Copper

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A new Director at BSP, Senior appointments at Bougainville Copper

In brief: BCL proposes re-opening Panguna copper mine by 2020, and other business stories

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BCL talks with Bougainville government and landowners about re-opening Panguna, investors confident in PNG despite low global energy prices, and improvements on the way for Jacksons Airport. Your weekly digest of the latest business news.