The O’Neill Government to appeal a National Court ruling ordering Ok Tedi to suspend dumping, Fisheries Authority makes K10m available for small business, and Newcrest cash-flow looking positive. Your quick digest of the week’s business news.
In brief: Government to appeal Ok Tedi ruling, and other stories
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Majestic opening starts fish cannery boost for Lae
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Lae is set to become the South Pacific’s main fish processing centre, with the opening of one massive new cannery this week, the commencement of construction for another, with more on the drawing board.
Papua New Guinea’s fisheries boom
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The Pacific Marine Industrial Zone: an update
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Work on the flagship project of Papua New Guinea’s fisheries industry, the Pacific Marine Industrial Zone (PMIZ) in Madang, is progressing steadily, with the presentation of the design concept in early 2012. While National Fisheries Authority Managing Director Sylvester Pokajam concedes ‘it has been slow going,’ he also says it has been important to get […]
Spotlight: Aquaculture
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Aquaculture is a potentially important industry for income generation and food security throughout many parts of Papua New Guinea. While exact statistics are difficult to come by, pond culture of carp, tilapia and rainbow trout has increased significantly in recent years. Over 10,000 farmers are engaged in the sector throughout inland areas with the value […]
Sector profile: Fisheries
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Fisheries has emerged as one of Papua New Guinea’s most dynamic sectors, following a wave of investment from Asia. In this special feature, Samantha Magick speaks with some of the sector’s key players about its current state and the prospects for further expansion. In 2010, PNG supplied about 17% of the world’s tuna catch, a […]
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