Economic update: Papua New Guinea’s decade of growth begins

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As part of extensive in-country research for the newly-released 2024 edition of the Business Advantage PNG annual magazine, our editorial team spoke exclusively to dozens of Papua New Guinea business leaders to understand how they are preparing for imminent growth – and what challenges they face. Here’s what they told us.

Resources boom to usher in ‘the most exciting ten years’ for Papua New Guinea: Prime Minister Marape

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James Marape, PNG’s Prime Minister, speaks exclusively about PNG’s next decade of economic growth, which he describes as potentially the most exciting in the nation’s history.

New Porgera Chairman announces reopening date for gold mine

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The Porgera gold mine in Papua New Guinea’s Enga Province will officially restart on 22 December, according to the Managing Director of Kumul Minerals Holdings, Sarimu Kanu, who is also Chairman of New Porgera Limited, the new operator of the mine.

Papua New Guinea’s Kumul Mineral Holdings set for expansion

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The role and revenues of state-owned Kumul Minerals Holdings are set grow significantly as it prepares to add a major stake in the Porgera gold mine to its portfolio. Business Advantage PNG asks recently-appointed Managing Director Sarimu Kanu about his vision for the company.

Final steps towards the reopening of Porgera gold mine now under way

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After over three years’ closure, the final formalities required to reopen the Porgera gold mine in Papua New Guinea’s Enga Province are now being processed under the supervision of the Mineral Resources Authority. Business Advantage PNG spoke to the MRA’s Managing Director, Jerry Garry, for an update.

In brief: Porgera’s Special Mining Lease application lodged and other business stories

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Special Mining Lease application for the Porgera mine lodged, Japanese company JX Nippon to hold a stake of Papua LNG, and Papua New Guinea’s first green finance policy launched. Your business news in summary.

In brief: Mining lease transferred to New Porgera and other business stories

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Barrick Niugini and Kumul Mineral Holdings transfer Porgera special mining lease to New Porgera, Nadzab Airport expected to be completed by August and Geopacific Resources completes capital raising. Your business news in brief.

Opinion: Recent project reviews could be an opportunity for landowner renegotiation

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After over three decades, Papua New Guinea’s government seems to be speaking a different language: one that calls for greater benefits into government coffers and landowner pockets, says journalist Scott Waide. He explains why resource projects have come under scrutiny recently and what it means for landowners.