Geopacific Resources

CEO of Geopacific Resources stands down.

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.

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

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.

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.

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.

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.

NASFUND’s new Chairman, Australia appoints Consul-General in Lae, EMTV loses CEO, a new NZ High Commissioner, Japan’s Ambassador leaves, new Port Moresby General Hospital CEO, inaugural chairman of Porgera Chamber of Commerce, new board member at Geopacific Resources.

Competition Commissioner reappointed, Geopacific Resources appoints CFO

Papua New Guinea’s government is seeking K974 million from the Asian Development Bank, Australia to earn negligible royalties from its oil and gas assets, and Newcrest describes conditions as ‘tough’ in PNG. Your weekly digest of the latest business news.