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.
A new gas discovery by Oil Search, special economic zone proposed for West Sepik province and new climate deal inked. Your weekly digest of the latest business news.
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.
Production resumes at the LNG plant as more reserves found, BHP Billiton to be sued over alleged environmental damage, and talks with China over a free trade agreement. Your weekly digest of the latest business news.
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.
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
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.
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.
New directors at Bougainville Copper and Nautilus, senior appointments at Allens
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.