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.
Papua New Guinea’s Woodlark Island gold project to get go-ahead decision by year’s end
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28 Aug 2018 by Leave a Comment
In brief: Supplementary Budget in January to address tax measures, and other business stories
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6 Dec 2016 by Leave a Comment
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.
In brief: Call for Papua New Guinea government and industry to weather low commodity prices, and other business stories
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24 Feb 2016 by Leave a Comment
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 is well placed to weather the current low world oil price environment, but the Government and industry need to […]
In brief: mini-budget on the way for Papua New Guinea, and other business stories
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10 Jun 2015 by Leave a Comment
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.
In brief: Business endorses new Papua New Guinea police chief, and other business stories
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3 Jun 2015 by Leave a Comment
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.
In brief: PNG LNG project reaches ‘financial completion’, and other business stories
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11 Feb 2015 by Leave a Comment
PNG LNG project satisfies financial agreements, PNG Ports profits double, and Indochine Mining raises funds. Your weekly digest of the latest business news.
In brief: 25 billion kina of mining investment in Papua New Guinea and other business stories
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3 Dec 2014 by
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.
Milne Bay Province: more than just a tourism hub for Papua New Guinea
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5 Nov 2014 by 6 Comments
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.
In brief: PNG LNG project makes a significant contribution to landowner companies, and other business stories.
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11 Sep 2014 by Leave a Comment
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.
Kula Gold negotiating finance as it prepares to develop gold mine on Woodlark Island
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16 Jul 2014 by 2 Comments
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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