In brief: PNG Power’s APEC commitment, and other business stories

Oil Search’s strong result, PNG Power promises, and a loan agreement for Crater Gold Mining. Your weekly digest of the latest business news.

Increased production strengthens Crater Gold’s market position says MD Russ Parker

Production at Crater Mountain’s High Grade Zone provided junior mining company Crater Gold Mining with the stability it needed throughout difficult market conditions and provided capacity for exploration. Managing Director Russ Parker tells Business Advantage PNG the past few years have been extraordinarily difficult for junior explorers to raise capital to exploit their assets.

In brief: Shortage of foreign exchange hindering investment, concerns about Customs procedures and Crowne Plaza on the market

Shortage of foreign exchange hindering investment, concerns about Customs procedures and the Crowne Plaza Port Moresby hotel up for sale. Your weekly digest of the latest business news.

In brief: Sir Mekere Morauta offers 3-step solution to K2 billion PNGSDP dispute, and other business stories

Sir Mekere Morauta calls for ‘genuine government effort’ to resolve K2 billion dispute, IFC approves credit facility and Manus business leaders want to be treated as a ‘special case’, if detention camps close. Your weekly digest of the latest business news.

In brief: New Public Enterprises Minister to review state-owned enterprises prior to privatisation, and other business stories

Duma to review SOEs before privatisation process, Santos reported to be selling PNG LNG stake, KCH receives study on proposed 1800MW hydro dam. Your weekly digest of the latest business news.

In brief: BSP to finance PNG Ports’ new facilities at Motukea Island, and other business stories

PNG Ports secures ‘landmark transaction’ with BSP for Motukea Island facilities, impact of kina’s exchange rate over-valuation analysed, and Harmony Gold confirms Kili Teke copper-gold discovery. Your weekly digest of the latest business news.

In brief: Woodside Petroleum talks with National Petroleum Co after Oil Search takeover rejected, and other business stories

Woodside talks to National Petroleum Company, ratings agency expects oil prices to fall further, and illegal logging continues, says Oro Governor, Your weekly digest of the latest business news.

In Brief: Papua New Guinea Budget deficit rises to 9.4% of GDP, and other business stories

Treasury says Deficit rises to 9.4% of GDP, foreign advisers ban, and parliament passes Sovereign Wealth Fund bill. Your weekly digest of the latest business news.

In brief: new Bougainville Mining Act creates ‘uncertainty’ over Bougainville Copper’s rights, and other business stories

Bougainville Copper to seek formal acknowledgment of Bougainville mining rights, Post PNG pays first dividend, and low-cost ‘squatter’ housing project in Fiji. Your weekly digest of the latest business news.

People moves: Crater Gold, POMSoX, Puma

New MD at Crater Gold, Acting General Manager at Port Moresby Stock Exchange, new senior appointments at Puma