Newcrest Mining reports drop in gold production, claims tourism can make strong contribution to Papua New Guinea economy and reports that foreign exchange shortage improving. Your weekly digest of the latest business news.
Horizon Oil
Changes at Horizon Oil.
Suspension of operations at Porgera mine lifted after 16 days, consumers to wait for imported vegetables, and Woodside reiterates ‘fairness’ of Oil Search takeover offer. Your weekly digest of the latest business news.
Horizon Oil Chairman stepping down, a new Special Co-Ordinator for RAMSI
Joint venture elects Total as operator, PNG DataCo discusses Solomon Islands link, and WCB Resources lifts stake in gold project. Your weekly digest of the latest business news.
PNG Government signs agreement with PNG LNG project partners, UN expects significant economic growth in PNG, and National Petroleum Company to revise annual plan following oil crash. Your weekly digest of the latest business news.
Despite a takeover of its Canadian parent by Spanish energy company, Respol, it’s business as usual for Talisman Energy PNG as it develops the Stanley gas field. Vice President and General Manager Grant Christie explains to Business Advantage PNG what 2015 holds.
Call for government to lower interest rates, inflation rises and Air Niugini reduces fuel surcharge. Your weekly digest of the latest business news.
Cabinet considers a plan to turn the lush Ramu Valley into a Special Economic Zone, Microbank aims at 50,000 customers and Nambawan Super’s overseas investments down 20 per cent. Your weekly digest of the latest business news.
The PNG Government plans to rebuild the country’s military barracks by 2017, InterOil halts drilling at Wahoo-1, and Bank of South Pacific plans share buyback. Your weekly digest of the latest business news.