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.
Electrification Partnership beginning of new era for PNG Power
Welcome,
12 Dec 2018 by 4 Comments
Carolyn Blacklock, the acting Managing Director of PNG Power, says the money that will come from the Papua New Guinea Electrification Partnership established at APEC will greatly assist the roll out of electricity. She says PNG Power has sharply increased the number of connections it is making and is aiming to concentrate on hydropower.
Robots, drones and profits: how digital technology is revolutionising mining
Welcome,
13 Nov 2018 by Leave a Comment
Digital technology and artificial intelligence is changing the way mining is conducted, according to Christiaan Heyning, a Partner at the consultants McKinsey & Company. But he warns that astute management is required to reap the benefits.
People moves: Morobe Province, Newcrest Mining
Welcome,
4 Sep 2018 by Leave a Comment
Bazzinuc replaces Zurenuoc in Morobe, Newcrest Mining appointment
Wafi Golpu mine would be good for the wider Papua New Guinea economy, says executive
Welcome,
22 May 2018 by Leave a Comment
The proposed Wafi Golpu mine will contribute to the diversification of Papua New Guinea’s economy, according to Craig Jones, Executive General Manager Wafi Golpu at Newcrest Mining. He told the Australia Papua New Guinea Business Forum in Brisbane that, if the project gets the go-ahead, it will help local agriculture.
Economic update: major projects will be crucial for Papua New Guinea’s economy
Welcome,
13 Mar 2018 by Leave a Comment
The fate of some major projects will be critical for the future of the Papua New Guinea economy over the next decade. In the second of a two-part series, Andrew Wilkins discusses the implications.
In brief: More than just a Supplementary Budget needed says UN Country Manager, and other business stories
Welcome,
16 Aug 2017 by Leave a Comment
Roy Trivedy says Supplementary Budget is essential but not enough, Telikom and bmobile merger approved, visas for SME workers on hold.
In brief: Newcrest Mining reports drop in gold production and other business stories
Welcome,
25 Jul 2017 by Leave a Comment
Newcrest Mining reports drop in gold production, claims tourism can make strong contribution to Papua New Guinea economy and reports that foreign exchange shortage improving. Your weekly digest of the latest business news.
Lae’s Unitech undergoes ‘cultural change’ to produce better qualified students
Welcome,
12 Jul 2017 by 3 Comments
Albert Schram, Vice-Chancellor of the University of Technology (Unitech) in Lae, tells Business Advantage PNG that the institution is undergoing a broad ‘cultural change’. The aim is to create closer ties with business in order to produce better qualified graduates.
In brief: National Transmission Network ready by the end of 2017, and other business stories
Welcome,
28 Jun 2017 by Leave a Comment
Broadband network to be completed by the end the year, Oil Search concludes five-year credit agreement and ADB approves funding Highlands Highway project. Your weekly digest of the latest business news.
USD 0.2634
AUD 0.4094
GBP 0.2127
EUR 0.247
NZD 0.4457
JPY 40.76
SGD 0.3586
Recent readers’ comments