As Papua New Guinea’s commercial and manufacturing hub, Lae is critical to the national economy. However, businesses in the city are having to manage a number of critical impediments, as John Byrne, President of the Lae Chamber of Commerce and Industry, shares in this opinion piece for Business Advantage PNG.
Sarimu Kanu, Managing Director of Kumul Minerals Holdings (KMHL), sits down for an exclusive interview with Andrew Wilkins, in which he discusses Porgera, Ok Tedi and KMHL’s plans around acquisitions, stranded resources and the building of a gold refinery in PNG.
After delays to key resources projects Papua LNG and Wafi-Golpu, there are signs that final investment decisions and other key milestones are drawing closer. Meanwhile, M&A activity in the sector is heating up.
New Senior Manager Workforce Planning at BSP, new Chairman at Nambawan Super, new Executive Director of the Papua New Guinea Extractive Industries Transparency Initiative (PNGEITI), new CEO for Twinza, Board for the NRL franchise announced, and more.
New Group CEO for Harmony Gold
A landmark memorandum of understanding between the PNG government and the Wafi-Golpu Joint Venture participants, Newcrest Mining and Harmony Gold, marks the key step towards the granting of a special mining lease for the Wafi-Golpu copper-gold mine, the application for which was first lodged back in August 2016.
Newcrest Mining has approved a A$280 million (K696 million) expansion of its Lihir mine, following board endorsement of its Phase 14A feasibility study. The decision is set to deliver higher gold production and may extend mine-life.
Deputy Chair leaves Harmony Gold, a new director at Credit Corp and resignation at Nambawan Super.
The Wafi-Golpu Joint Venture has released new information on its proposed DSTP method of tailings disposal for the planned Wafi-Golpu mine in Papua New Guinea. The move is designed to allay environmental concerns, including those expressed by Morobe Governor Ginson Saonu.
The largest bank in Papua New Guinea, Bank South Pacific, announces changes to its team and Harmony Gold appoints new General Manager for Hidden Valley Mine.