Fortescue Group announces restructure to its organisation.
Fortescue Metals Group
People moves: Bank of Papua New Guinea, Paradise Foods, Fortescue, OTML, Santos, MiBank, Credit Corp
Changes at the Bank of Papua New Guinea, Paradise Foods announces new CEO, change at Fortescue Metals, Ok Tedi Mining Ltd (OTML) welcomes new board member, Santos appoints Chief Financial Officer, MiBank gets Independent Directors, and Credit Corp announces Non-Executive Director.
Why is Fortescue Metals Group, which makes most of its income from iron ore sales, looking at renewable energy projects in Papua New Guinea and other parts of the world?
Earlier this month, Papua New Guinea’s government announced a ‘deed of agreement’ with Australian iron ore giant, Fortescue Metals Group, to develop renewable energy projects in PNG. Business Advantage PNG learns more about its plans from Julie Shuttleworth, CEO of subsidiary Fortescue Future Industries.
Fortescue and Papua New Guinea Government sign landmark agreement to venture into green energy productions, the Bank of PNG flags two new projects and Minister apologises over Pasca A negotiations. The business news you need today.