People moves: Newcrest Mining, High Arctic, Mayur Resources

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A new Chair for Newcrest and new CFOs for High Arctic and Mayur Resources.

Five reasons you should attend the 2021 Papua New Guinea Investment Conference online

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The three-day 2021 Business Advantage Papua New Guinea Investment Conference starts live-streaming at 9am on Tuesday 7 September. Andrew Wilkins, Publishing Director and conference host, Business Advantage International, outlines the reasons why this is the year to attend.

Newcrest Mining posts record profit

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Papua New Guinea’s largest gold miner, Newcrest Mining, has lodged record profits for the 12 months ending 30 June, thanks to higher gold and copper prices and lower operating costs.

In brief: vaccine rollout announced for Papua New Guinea and other business stories

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Vaccine rollout announced for Papua New Guinea’s 22 provinces, Enga Electrification Project gets funding and Kumul Petroleum to seek funding for gas fields overseas. The news in brief.

Going strong: Lihir forecasts record gold production

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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.

Wafi-Golpu JV explains its deep sea waste disposal plan

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The Wafi-Golpu Joint Venture has released new information on its proposed DSTP method of tailings disposal for the planned Wafi-Golpu mine in Papua New Guinea. The move is designed to allay environmental concerns, including those expressed by Morobe Governor Ginson Saonu.

In brief: K100 million for Ihu Special Economic Zone and other business stories

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Ihu Special Economic Zone gets funds, Prime Minister Marape urges national to go into small agriculture businesses and the Internal Revenue Commission opens an office in Jiwaka Province. Business news to stay on top.

Making things harder: how manufacturers are adapting to Papua New Guinea’s pandemic trading landscape

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Chey Scovell, head of the Papua New Guinea Manufacturers Council, talks to Business Advantage PNG about how his sector is confronting the challenges of the new normal and an uneven playing field.

People moves: Geopacific Resources, POMCCI, Newcrest, Coastal Shipowners Association

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Geopacific Resources elects a Non-Executive Director, the Port Moresby Chamber of Commerce and Industry (POMCCI) announces its Board composition for 2020 – 2021, Newcrest mining appoints a new Company Secretary.

In brief: Nadzab Airport redevelopment project officially launched and other business stories

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Nadzab airport set to get a major facelift, PNG Ports says only three ports are profitable, and SIM card registration deadline extended. The business news you need to kickstart your week.