MOU signed for Wafi-Golpu copper-gold mine in Papua New Guinea

Developers Newcrest Mining and Harmony Gold have signed a memorandum of understanding with the Papua New Guinea Government for the development of the Wafi-Golpu copper-gold mine in PNG’s Morobe Province. While the MOU indicates negotiations are proceeding well, there is still plenty of work to be done before the project gets a green light from government, local communities and investors.

People moves: Morobe Province, Newcrest Mining

Bazzinuc replaces Zurenuoc in Morobe, Newcrest Mining appointment

Opinion: Papua New Guinea economy to remain weak but Lae business hopeful of an upturn

The Papua New Guinea economy is not likely to improve greatly in the first half of the year, says Alan McLay, President of the Lae Chamber of Commerce. But he believes companies in Lae – PNG’s manufacturing and logistics hub – remain hopeful of an upturn and he expects some positive developments with power provision.

Protests force Lae businesses to close, but damage minimal: Lae Chamber

Unrest in Papua New Guinea’s second city, Lae, has caused major disruptions for the city’s business community this week. Fortunately, as Lae Chamber of Commerce President Alan McLay told Business Advantage PNG, Lae has avoided serious damage and things are now returning to normal.

Wafi-Golpu project set for production by end of decade

The Wafi-Golpu gold-copper project in Morobe Province is a bright spot in an otherwise tight mining environment. The Morobe Mining Joint Venture partners believe it will be one of the world’s lowest cost gold projects, and expects production to begin in 2020.

Newly upgraded hotel in Lae

The newly-upgraded Crossroads Transit Hotel aims to address a shortage of hotel rooms in Lae, Morobe Province.

Frabelle plans expansion beyond tuna processing

Lae-based Frabelle Fishing Corporation is one of the major partners behind the Majestic Seafood venture, which opened earlier this year. But, as Frabelle’s James Johnston tells Business Advantage PNG, the company has big expansion plans of its own too.

Lae Chamber of Commerce favours asylum-seeker deal

The Lae Chamber of Commerce (LCCI) says the Rudd–O’Neill asylum seeker deal ‘will be positive for business’, according to chamber president, Alan McLay.

Lae airport highway upgrade begins this month

Construction of the long-awaited Lae-Nadzab Road upgrade to a four-lane highway begins this month, after Prime Minister Peter O’Neill launched the project last week.

Four-lane airport highway in Lae gets go-ahead

Work to upgrade 40-kilometre stretch of road between the port of Lae and Nadzab Airport into a four-lane highway is expected to begin in June 2013, according to the Lae Chamber of Commerce and Industry.