Lihir

Newcrest Mining says it can ‘unlock significant value’ at Lihir, Papua New Guinea’s biggest gold mine. David James takes a closer look at a mine forecast to produce over a million ounces a year.

Bank South Pacific executive says Papua New Guinea’s economy will recover by 2.5 per cent, Marape launches seven projects in Kainantu including the Ramu Hydro Power Station 2 and K1 million allocated for communication towers in Gulf Province.

Although the extractive sector continues to be responsible for the bulk of Papua New Guinea’s exports, the latest Papua New Guinea Extractive Industries Transparency Initiative report has found that revenues to government remain comparatively small. Here’s what you need to know.

Newcrest Mining Ltd is still waiting to resume discussions with the Papua New Guinea government to grant a Special Mining Lease to start developing the Wafi-Golpu gold-copper project. The enforced delay has given the company license to focus on its other projects, reports David James.

The next health care challenge for Papua New Guinea authorities are the afflictions of modern society, says Myles Neri, Group Medical Director of International SOS. They include heart disease, stroke and cancer.

The Minister for Mining, Byron Chan, says that the amendments to Papua New Guinea’s Mining Act are ‘complete’. But he tells Business Advantage PNG that there are some contentious issues.

Anitua’s independence strategy, known as the ‘Lihir Destiny’, for Papua New Guinea’s largest and most successful landowner company will continue under its new CEO, John Gethin-Jones. He tells Business Advantage PNG that key focusses are constant review of activities and staff development.

In what is believed to be a first for Papua New Guinea, Lihir Island landowners will have access to a new lending scheme to finance their small businesses and help foster economic development on the island.

National Petroleum Company gets acting MD and board

IFC, the private sector development arm of the World Bank Group, has increased its presence in Papua New Guinea. Business Advantage talks to IFC’s Resident Representative in PNG, Carolyn Blacklock, about taking PNG’s private sector to the next level.