In brief: Simberi mine suspends operations temporarily and other business stories

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St Barbara has suspended operations of its Simberi project until it is safe to restart, Air Niugini relaxes COVID-19 restrictions for national flights, and global shortage of storage containers might impact Papua New Guinea’s trade. The business news in brief.

People moves: PNG Chamber of Mines and Petroleum, Mayur Resources, National Gaming Control Board, Oil Search, National Executive Council

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A new president for the Papua New Guinea Chamber of Mines and Petroleum, a new head for Mayur Resources’ lime and cement business, Oil Search welcomes a Director, the National Gaming Control Board adds to its board, and a new Deputy Controller of the National Pandemic Response.

Stock exchange: Could a new levy stifle Papua New Guinea’s capital markets?

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The Acting Chairman of the Securities Commission Alex Tongayu has issued an order that a new levy will be applied to all transactions on the PNGX, Papua New Guinea’s stock market. It has raised concerns that it will impede the growth of the country’s capital markets.

In brief: Reopening Porgera ‘will have a more immediate restorative effect’ and other business stories

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Foreign exchange pressures continue to escalate, the Executive Director of the Institute of National Affairs talks about the ‘restorative effect’ reopening Porgera could have, and Oil Search back on track.

In brief: Bougainville’s President ends speculations about the future of Panguna and other business stories

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President Ishmael Toroama says Bougainville is not ‘colluding’ with third parties to reopen Panguna, new project to increase regional and international trade in the Pacific, and potential date for the launch of ISEZ’s project program.

In brief: Talks with Total to resume and other business stories

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Supreme Court to make ruling, Telikom PNG cuts fixed-line call services, and a Total delegation readies to talk Papua LNG. The business news you need to kickstart your week.

People moves: Kumul Minerals Holdings, City Pharmacy, British American Tobacco PNG, Oil Search, Solomon Brewery

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Kumul Minerals Holdings renews its board, City Pharmacy appoints new CEO, British American Tobacco announces head of National Field, change on Oil Search Board and Solomon Brewery welcomes a Supply Chain Manager.

People moves: Oil Search, Autonomous Region of Bougainville, PNG Air

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Oil Search appoints six Independent Committee Members, new cabinet members for the Autonomous Region of Bougainville and PNG Air announces changes at the helm.

In brief:  Ok Tedi to reopen in September and other business stories

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Australia’s national cabinet has agreed to reopen its Pacific Labour Scheme, Ok Tedi is confident mine to reopen, and concern over COVID-19 funding. The business news you need to kickstart your week.