A landmark memorandum of understanding between the PNG government and the Wafi-Golpu Joint Venture participants, Newcrest Mining and Harmony Gold, marks the key step towards the granting of a special mining lease for the Wafi-Golpu copper-gold mine, the application for which was first lodged back in August 2016.
The K146 million redevelopment of Lombrum Naval Base in Manus Province is one of the significant infrastructure projects recently acquired by Italy’s Webuild for A$39 million (K94.3 million), following mounting financial problems confronting Australian engineering and construction group, Clough.
Central Bank awards in principle banking licence to Credit Corporation, Japanese delegation visits proposed Special Economic Zone locations in Papua New Guinea, and Newmont’s proposal to combine with Newcrest Mining. Your business news in summary.
Newcrest Mining has approved a A$280 million (K696 million) expansion of its Lihir mine, following board endorsement of its Phase 14A feasibility study. The decision is set to deliver higher gold production and may extend mine-life.
New CEOs for Nasfund and ANZ Bank, Newcrest CEO retires, changes at National Airports Corporation, new GM for East West Transport and new marketing head at Vodafone PNG and
Green light for Telstra’s acquisition in Papua New Guinea, Newcrest posts disappointing six month results and flights to Lihir Island resume. The business news your need this week.
Newcrest’s Chief Operating Officer PNG, Craig Jones, talks with Business Advantage PNG about the future of Lihir gold mine and Wafi-Golpu, and the impact COVID-19 has had on its operations.
Changes at Geopacific Resources, a new General Manager at FX Business Centre and Newcrest appoints Chief Financial Officer.
A new Chair for Newcrest and new CFOs for High Arctic and Mayur Resources.
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.