Geopacific Resources’ ‘phenomenal’ Woodlark project to produce gold within 18 months

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Australian miner Geopacific Resources has secured funding to develop the gold mine on Papua New Guinea’s Woodlark Island in Papua New Guinea’s Milne Bay Province. Business Advantage PNG spoke exclusively to Chairman Ian Clyne and CEO Tim Richards about their expectations for the project.

In brief: More than a billion kina for ‘maritime infrastructure’ and other business stories

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PNG Ports announced a K1.1 billion partnership with Australia for maritime infrastructure, Geopacific Resources gets funding for Woodlark Island gold mine and new training program for SMEs. The business news in brief.

People moves: Geopacific Resources, POMCCI, Newcrest, Coastal Shipowners Association

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Geopacific Resources elects a Non-Executive Director, the Port Moresby Chamber of Commerce and Industry (POMCCI) announces its Board composition for 2020 – 2021, Newcrest mining appoints a new Company Secretary.

People Moves: Geopacific Resources

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CEO of Geopacific Resources stands down.

In brief: PNGX announces the launch of six indices and other business news

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PNGX to launch six indices, Oil Search reports sluggish third quarter results, and Geopacific Resources on track to fund Woodlark. Your weekly digest of business news.

People moves: National Parliament of Papua New Guinea, Geopacific Resources

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A new Opposition Leader is announced and Geopacific Resources appoints a Non-executive Director.

In Brief: Funding for the Gulf to Southern Highlands Highway missing link and other business stories

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The Gulf to Southern Highlands Highway missing link is set to be funded under the new tax credit scheme, K56 million in royalties for forest landowners, and Geopacific Resources announces the acquisition of the remaining seven per cent of JV with Kula Gold. Your weekly digest of the latest business news.

In Brief: Concern about changes to investment laws and other business stories

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Business concern about Papua New Guinea’s new foreign investment laws, a new strategy to develop the financial sector and Oil Search CEO receives award. Your weekly digest of the latest business news.

Papua New Guinea’s Woodlark Island gold project to get go-ahead decision by year’s end

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Milne Bay’s Woodlark Gold Project is likely to get the go ahead within the next three months, after developer Geopacific Resources assesses the definitive feasibility study which will be completed in Q3 this year. Managing Director, Ron Heeks, told Business Advantage PNG, if it goes ahead, production should commence in early 2020.

In brief: Dual citizenship a reality by March, and other business stories

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Dual citizenship almost a reality, Wereh outlines the impact of climate change on road design and funding, and the cost to business of family violence revealed. Your weekly digest of the latest business news.