Harmony keen to expand by exploring brownfield opportunities, says CEO Johannes van Heerden

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Opportunities exist for brownfield expansion at the Hidden Valley mine, Johannes van Heerden, Chief Executive Officer of Southeast Asia for Harmony Gold, tells Business Advantage PNG. He believes this gives the company a competitive advantage in the region.

Papua New Guinea’s resources sector still has some ‘bright stars’, says Anderson

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Times are undoubtedly tough in Papua New Guinea’s mining and petroleum sector, but as the industry prepares for its biennial conference in Sydney in December, the PNG Chamber of Mines and Petroleum’s Greg Anderson tells Business Advantage PNG there are still ‘bright stars’ to get excited about.

In brief: Newcrest sells Hidden Valley stake to Harmony and other business news

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Newcrest Mining sells its Hidden Valley stake to Harmony Gold, group marketing of coffee exports to South Korea and an agreement to ban harmful fisheries subsidies. Your weekly digest of the latest business news.

In brief: Trade Minister says Papua New Guinea will break global trade laws with proposed rice plan, and other business stories

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Trade Minister Maru says he will recommend the government abandon its proposed rice policy, Bougainville landowners want government to hold its BCL shares, and Fiji says there are no bans on PNG imports. Your weekly digest of the latest business news.

In brief: Total SA to start construction of LNG plant in 2018 and other business stories

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Total SA Chairman says company is planning to commence construction of LNG plant in 2018, Ramu NiCo ordered to stop operating nickel mine and Harmony Gold reports ‘continuing exploration success.’ Your weekly digest of the latest business news. The Chairman and Chief Executive Officer of oil and gas company Total SA, Patrick Pouyanné, says the company is planning to […]

Resources sector needs legislation that will position it for the future: Chamber

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Papua New Guinea’s approach to mining and resources legislation, currently under review, will be critical to positioning the country for the next upswing in prices, claims Greg Anderson, executive director of the PNG Chamber of Mines and Petroleum.

Wafi-Golpu gold mine ‘a boon’ for Morobe Province and Papua New Guinea, say business leaders

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Businesses in Morobe Province and Papua New Guinea will benefit immensely from the proposed Wafi-Golpu gold and copper mine, according to business leaders in Lae.

‘Robust investment case’ for Papua New Guinea’s Wafi-Golpu gold project, say venture partners

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The latest feasibility study of the proposed Wafi-Golpu copper and gold project confirms ‘a robust investment case-one which supports proceeding with the project’, says joint venture partner.

In brief: BSP to finance PNG Ports’ new facilities at Motukea Island, and other business stories

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PNG Ports secures ‘landmark transaction’ with BSP for Motukea Island facilities, impact of kina’s exchange rate over-valuation analysed, and Harmony Gold confirms Kili Teke copper-gold discovery. Your weekly digest of the latest business news.

Papua New Guinea mining sector: not all bad news

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The latest closure of the Ok Tedi mine reminds us that disruptions at major mining operations in Papua New Guinea are nothing new. While the closure is undoubtedly a setback, Business Advantage PNG’s survey of PNG’s other major mines suggests prospects for the mining sector are more positive.