In brief: National Development Bank under-funded and other local and international stories

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National Development Bank under-funded, Indochine Mining makes loss and PM flags constitutional reform and more stories in brief.

People moves: Indochine Mining, PNG DataCo, Department of Community Development

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A new chairman at Indochine Mining and cabinet confirms the board of PNG DataCo.

Newly-listed Indochine Mining revives Mount Kare gold mine

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After a troubled history, the gold mine at Mount Kare in Enga Province was now back on track, Stephen Promnitz, Chief Executive Officer of Indochine Mining, told delegates at the Papua New Guinea Advantage 2103 investment summit this week.

People moves: PanAust, Rio Tinto, Indochine Mining, Coppermoly, PNG Forest Products

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PanAust Managing Director stepping down, new board members at Rio Tonto and IndoChine and other senior appointments.

Mining and petroleum in Papua New Guinea face contrasting fortunes, says Chamber head

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Next week’s Papua New Guinea Mining and Petroleum Seminars in Port Moresby will highlight the increasing divergence in fortunes of PNG’s mining and petroleum sectors, according to Greg Anderson, Executive Director of the Papua New Guinea Chamber of Mines and Petroleum.