Frieda River partners seek arbitration to resolve dispute, Livestock Development Corporation ‘defunct’ and food labelling remains an issue. Your weekly digest of the latest business news.
In brief: Frieda River partners go into arbitration, and other business stories
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18 Jul 2017 by Leave a Comment
Highlands Pacific shifts strategy to focus on controlling projects in Papua New Guinea
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6 Jun 2017 by Leave a Comment
Highlands Pacific is expanding its focus from large projects and exploration, to controlling interests in smaller projects offering near term returns. Highlands Pacific Managing Director, Craig Lennon, tells Business Advantage PNG it is a response to market changes.
PM O’Neill calls for greater intervention to strengthen Papua New Guinea industry
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17 May 2017 by 1 Comment
The Prime Minister Peter O’Neill has outlined a plan of greater government involvement in Papua New Guinea’s industrial development. In a speech to the Australia Papua New Guinea Business Forum & Trade Expo in Port Moresby O’Neill described the need both to broaden the industry base and to move some industries up the value chain.
Sticking points in Mining Act yet to be resolved, says Mining Minister Byron Chan
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9 Jan 2017 by Leave a Comment
The Minister for Mining, Byron Chan, says that the amendments to Papua New Guinea’s Mining Act are ‘complete’. But he tells Business Advantage PNG that there are some contentious issues.
Papua New Guinea’s Frieda River project still faces obstacles, says Managing Director Fred Hess
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14 Dec 2016 by 1 Comment
PanAust is keen to start development of the Frieda River copper gold project, Managing Director Fred Hess told the PNG Mining and Petroleum Investment Conference in Sydney. But he warns there are many obstacles to establishing a mine in such a remote region of Papua New Guinea and the decision has not yet been made to go ahead.
PanAust looks for ‘social licence’ to operate Frieda River mine in Papua New Guinea
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12 Jul 2016 by 5 Comments
Frieda River, a wholly owned PNG subsidiary of PanAust, has lodged a Special Mining Lease application to Papua New Guinea’s Mineral Resources Authority to develop the Frieda River Copper-Gold Project. Glen Connell, PanAust’s General Manager, Government and Community Relations, tells Business Advantage PNG that developing a ‘social licence’ to operate is just as crucial to the success of the project.
Frieda River ‘one of largest’ undeveloped copper-gold deposits in world, says PanAust
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20 May 2016 by 12 Comments
PanAust has released its feasibility study into the Frieda River mine in Sandaun Province, claiming it is ‘one of the largest undeveloped copper-gold deposits in the world’, with an initial 17-year mine life. The company’s intention is to take a staged approach to development.
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