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

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1 Mar 2016 by David James Leave a Comment

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.

Filed Under: Interviews, Mining/petroleum Tagged With: Harmony Gold, Highlands Pacific, Ok Tedi Mining Ltd (OTML), PanAust, Papua New Guinea Chamber of Resources and Energy (PNG CORE), Wafi-Golpu

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

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23 Feb 2016 by Kevin McQuillan 8 Comments

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.

Filed Under: Industry sectors, Mining/petroleum, Sections Tagged With: Harmony Gold, KK Kingston, Lae Chamber of Commerce, Lae Tidal Basin Project, Newmont Corporation (formerly Newcrest)

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

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17 Feb 2016 by Kevin McQuillan Leave a Comment

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.

Filed Under: Features, Mining/petroleum, News, Sections Tagged With: Harmony Gold, Newmont Corporation (formerly Newcrest), Wafi-Golpu

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

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2 Dec 2015 by Business Advantage PNG Leave a Comment

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.

Filed Under: In brief, News Tagged With: ANZ, BSP Financial Group, Crater Gold Mining, ExxonMobil PNG, Harmony Gold, Kumul Petroleum (KPHL), National Development Bank, National Fisheries Authority (NFA), Nautilus Minerals, Pacific Asia Travel Association, PNG Ports Corporation, rice, Trukai Industries

Papua New Guinea mining sector: not all bad news

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12 Aug 2015 by Business Advantage PNG 1 Comment

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.

Filed Under: Features, Latest news, Mining/petroleum, News, Sections Tagged With: Harmony Gold, Morobe Mining Joint Ventures, Nautilus Minerals, Newmont Corporation (formerly Newcrest), Ok Tedi Mining Ltd (OTML), Simberi gold mine, St Barbara Ltd, Wafi-Golpu

In brief: Moves to reduce internet charges and other business stories

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18 Mar 2015 by Business Advantage PNG 1 Comment

New technology may reduce internet charges, Vanuatu assesses cyclone damage and Newcrest buys Wamum gold project. Your weekly digest of the latest business news.

Filed Under: Fisheries, In brief, News Tagged With: Australia Papua New Guinea Business Council, Barrick Gold, Crater Gold Mining, Credit Corporation, Gold Ridge gold mine, Harmony Gold, Hawkins Group, K92 Mining, National Capital District, National Executive Council, National Fisheries Authority (NFA), National Information and Communications Technology Authority (NICTA), Newmont Corporation (formerly Newcrest), Pacific Assurance Group, Parties to the Nauru Agreement, PNG DataCo, PNG Ports Corporation, PNG Rubber Board, Post PNG, Small and Medium Enterprise Corporation (SME Corp), Stanley gas project

Wafi-Golpu project set for production by end of decade

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11 Feb 2015 by Business Advantage PNG

The Wafi-Golpu gold-copper project in Morobe Province is a bright spot in an otherwise tight mining environment. The Morobe Mining Joint Venture partners believe it will be one of the world’s lowest cost gold projects, and expects production to begin in 2020.

Filed Under: Industry sectors, Latest news, Mining/petroleum, News Tagged With: copper, gold, Harmony Gold, Morobe Mining Joint Ventures, Morobe Province, Newmont Corporation (formerly Newcrest), Wafi-Golpu

In brief: the first stage of Lae’s port upgrade is completed, and other business stories

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14 Jan 2015 by Business Advantage PNG

Lae port upgrade reaches milestone, Respol acquires Talisman Energy, and PNG forecast for significant economic growth. Your weekly digest of the latest business news.

Filed Under: In brief, Latest news, News Tagged With: Anglo American, Coffee Industry Corporation (CIC), Crater Gold Mining, Department of National Planning and Monitoring, Harmony Gold, Highlands Pacific, Institute of Banking and Business Management, InterOil Corporation, Kumul Petroleum (KPHL), Lae port, Newmont Corporation (formerly Newcrest), Ok Tedi Development Foundation, Papua New Guinea Chamber of Resources and Energy (PNG CORE), Philippine Airlines, PNG Gas, PNG LNG, Respol, Santos, Talisman Energy, tuna

Five things we took home from the Papua New Guinea Mining and Petroleum Investment Conference

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3 Dec 2014 by Business Advantage PNG Leave a Comment

In spite of the recent worldwide slump in commodity prices, numbers were strong at this week’s 13th Papua New Guinea Mining and Petroleum Investment Conference in Sydney. Business Advantage PNG examines why.

Filed Under: Features, Latest news, Mining/petroleum, News Tagged With: Barrick Gold, ExxonMobil PNG, Harmony Gold, Newmont Corporation (formerly Newcrest), Ok Tedi Mining Ltd (OTML), Talisman Energy, Total SA

People moves: PNG Dataco, Ela Motors and Harmony Gold

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5 Mar 2014 by Business Advantage PNG

Dataco board chair and MD appointments, a retirement at Ela Motors and a new Chief Operating Officer for Harmony Gold.

Filed Under: Latest news, News, People moves Tagged With: Ela Motors, Harmony Gold, PNG DataCo

Five questions with economist Chris Richardson, keynote speaker at the 2025 PNG Investment Conference

With tariffs, military conflict and geopolitics at play, it's already been an extraordinary year for the global economy. Business … [Read More...]

Economic update: Will 2025 be Papua New Guinea’s golden year?

Business leaders are not quite ready to call it, but there are promising signs as Papua New Guinea celebrates its 50th anniversary … [Read More...]

Industry update: Papua New Guinea’s mining and gas project pipeline starts to flow

After a decade focused on existing minerals and hydrocarbons production, Papua New Guinea is gearing up for an anticipated wave of … [Read More...]

Exclusive: Barrick CEO Mark Bristow’s vision for Porgera gold mine

In this exclusive interview with Business Advantage PNG, Barrick Gold’s President and Chief Executive Mark Bristow talks about the … [Read More...]

Five questions with economist Chris Richardson, keynote speaker at the 2025 PNG Investment Conference
With tariffs, military conflict and geopolitics at play, it’s already been an extraordinary year for the global economy. Business Advantage PNG speaks with eminent economist Chris Richardson, who will be keynote speaker at this year’s Papua New Guinea Investment Conference in August, for his views on what it all means for business. BAPNG: As an […]
From the desk of the Innovation PNG Conference Program Director
Papua New Guinea can become an innovation nation. Innovation, simply put, is the solving of problems by using new ideas, methods and tools. PNG has a great example from its own history. Some 9000 years ago in the Waghi Valley, near what is now Mt Hagen, people first decided to drain and divert water in […]
“Business Advantage Fiji” to showcase Fiji’s economy
A new international publication aimed at promoting Fiji as a business and investment destination will be published in mid-2025. Business Advantage Fiji, the latest in a respected series of international guides to Asia-Pacific economies, will be published in July 2025 by leading regional business media company, Business Advantage International. Written by professional business journalists, the […]