In brief: Foreign currency issues continue to cause problems, and other business stories

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Foreign currency issues continue to cause problems, profit announcements for Nambawan Super and Bank South Pacific and InterOil acquisition finalised. Your weekly digest of the latest business news.

In brief: PanAust applies for Frieda River licence, new US-Pacific fishing deal and claims Papua New Guinea economy sound

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PanAust applies for Frieda River mining licence, new deal governing American access to the region’s tuna fishing and Chief Secretary to Government says Papua New Guinea’s economic fundamentals sound. Your weekly digest of the latest business news.

In brief: PNG LNG project plans investment decision on third train in 2017, and other business stories

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PNG Government signs agreement with PNG LNG project partners, UN expects significant economic growth in PNG, and National Petroleum Company to revise annual plan following oil crash. Your weekly digest of the latest business news.

In brief: the first stage of Lae’s port upgrade is completed, and other business stories

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Lae port upgrade reaches milestone, Respol acquires Talisman Energy, and PNG forecast for significant economic growth. Your weekly digest of the latest business news.

In brief: InterOil chief says Elk-Antelope project will support ‘at least two trains’, and other business stories

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More details about the potential of the Elk-Antelope LNG Project emerge, 108 companies apply for exemptions to minimum wage increase, and social media fundraising underway to buy Bougainville cocoa. Your weekly digest of the latest business news.

Papua New Guinea Sustainable Development Program at turning point: Sir Mekere’s speech

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Papua New Guinea Sustainable Development Program Limited has been under heavy political pressure to relinquish is majority ownership of PNG’s largest mine, Ok Tedi. In this speech, delivered at the announcement of the company’s 2012 annual report this week, PNGSDP Chairman Sir Mekere Morauta appears to concede the loss of Ok Tedi, arguing for a sale on fair terms, and ponders both the future of PNG’s largest mine, and his own organisation.

Ok Tedi: on the cusp of expansion

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In November 2012, Ok Tedi Mining Limited (OTML) submitted a feasibility plan to extend the Ok Tedi mine’s life to 2025. With continuation agreements being finalised with Western Province landowners this month, we spoke with OTML’s CEO Nigel Parker about the US$822 million extension project and likely changes to PNG’s mining laws. Business Advantage PNG (BAPNG): […]

Ok Tedi’s Nigel Parker on social responsibility in mining

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Nigel Parker, Managing Director and Chief Executive Officer of Ok Tedi Mining Limited (OTML), shares his thoughts on corporate social responsibility, mine life extension and what it means to lead a major mining company in a global market. I first came to Papua New Guinea in 2001. At the time, I had residential status in […]

Beyond mining: interview with Ok Tedi’s Nigel Parker

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On a visit to the Ok Tedi mine, we met with Nigel Parker, the man tasked with managing Ok Tedi Mining Limited through the final years of the mine’s life. OTML is currently undergoing a corporate restructure. What does that entail and where has it reached? The corporate restructure is looking at our core activities. […]

Sport fishing

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Ian Middleton, Ok Tedi Development Foundation’s CEO and a keen fisherman, describes the unique pleasure of sports fishing in Papua New Guinea’s remote Western Province. The Western Province of Papua New Guinea is amongst the last few pristine wildernesses on this earth, a diverse habitat comprising unique flora and fauna species, many endemic to the […]