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
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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.
In brief: Russia and PNG to set up mutual embassies, and other business news
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21 Nov 2018 by Leave a Comment
Russia plans to open an embassy in Port Moresby, the Australian Prime Minister announces relaxed visa rules for Pacific nations, and Crystal Kewe, the young app developer, wins a major APEC award.
Robots, drones and profits: how digital technology is revolutionising mining
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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.
In brief: PNG Power’s APEC commitment, and other business stories
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30 Oct 2018 by Leave a Comment
Oil Search’s strong result, PNG Power promises, and a loan agreement for Crater Gold Mining. Your weekly digest of the latest business news.
In brief: Air Niugini launches new direct routes, and other business news
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11 Sep 2018 by Leave a Comment
Air Niugini launches new direct route, Total wins contract for Lihir Gold Mine, and a new state-owned-enterprise is formed. Your weekly digest of the latest business news.
People moves: Morobe Province, Newcrest Mining
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4 Sep 2018 by Leave a Comment
Bazzinuc replaces Zurenuoc in Morobe, Newcrest Mining appointment
In brief: Mayur Resources granted environmental permit, and other business news
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26 Jun 2018 by Leave a Comment
Mayur granted coal permit, Papua New Guinea signs up to China’s Belt and Road initiative and Newcrest settles insurance claim. Your weekly digest of the latest business news.
Wafi Golpu mine would be good for the wider Papua New Guinea economy, says executive
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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
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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.
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