Milne Bay’s Woodlark Gold Project is likely to get the go ahead within the next three months, after developer Geopacific Resources assesses the definitive feasibility study which will be completed in Q3 this year. Managing Director, Ron Heeks, told Business Advantage PNG, if it goes ahead, production should commence in early 2020.
Treasurer says Supplementary Budget will review tax measures proposed in the 2017 Budget, sufficient geothermal power in PNG for years to come, and Philippines asked to ban fishing companies operating in PNG. Your weekly digest.
Oil Search leader says PNG ‘well placed’ to manage low commodity price regime, Ok Tedi expected to be profitable, and BSP reports 5 per cent profit increase. Your weekly digest of the latest business news.
PNG Government likely to prepare mini-budget, Pacific Assurance Group urges Bank of PNG to lift restrictions, and Lihir mine temporarily ceases operations. Your weekly digest of the latest business news.
Business endorses new Police Commissioner, Kumul Flyover opens, and Oil Search chief says low prices are here to stay. Your weekly digest of the latest business news.
PNG LNG project satisfies financial agreements, PNG Ports profits double, and Indochine Mining raises funds. Your weekly digest of the latest business news.
Over 25 billion kina of mining investments over next decade expected, and New Britain Palm Oil hit by kina’s value. Your weekly digest of the latest business news.
The province of Milne Bay is developing as a tourism hub for Papua New Guinea and also hosts agricultural and gold projects. Business Advantage PNG explores its business and investment prospects.
Local landowner companies benefit from PNG LNG project, PNG Government takes Woodlark stake, and Buka Airport disrupted by shut down. Your weekly digest of the latest regional business news.
Australian-based Kula Gold says the granting of a mining lease to develop its Woodlark Island Gold Project is a ‘milestone’, for both itself and the Papua New Guinea Government. The next step is to confirm financing for the project, Kula’s Chief Executive Officer Stuart Pether tells Business Advantage PNG.
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