Transparency report shines light on Papua New Guinea’s extractive sector

Welcome,

Although the extractive sector continues to be responsible for the bulk of Papua New Guinea’s exports, the latest Papua New Guinea Extractive Industries Transparency Initiative report has found that revenues to government remain comparatively small. Here’s what you need to know.

In brief: Coral Sea Cable wholesale internet rates to plummet and other business stories

Welcome,

New Ireland Province signs deal with Zenith to build three solar plants, inadequate water levels in the Fly River impact Ok Tedi Mining’s operations, and Bmobile and Huawei PNG sign a deal to roll out 5G in Papua New Guinea’s Port Moresby. The business news you need to kick-start your week.

In brief: new guidelines for Kumul Petroleum Holdings and other business news

Welcome,

Kumul Petroleum Holding Limited has been asked to cease exploration, drilling and greenfield investments, the World Bank has released an economic update signalling economic slowdown in Asian and Pacific economies, and K92 Mining has released its Q3 results above budget. Your weekly digest of business news.

Mining in Papua New Guinea: a sector profile

Welcome,

A profile of the mining sector in Papua New Guinea, including mining companies, licenses and leases and tax incentives.

To access this post, you must purchase Individual Subscription or Corporate Subscription.

In Brief: Papua New Guinea’s Treasurer warns of ‘big and painful’ cuts in Tuesday’s Supplementary Budget and other business stories

Welcome,

Treasurer says Papua New Guinea’s Budget deficit far worse than expected, Phillipines to export 5,000 mt of high quality rice to PNG, and Paradise Foods sells its spice business. Your weekly digest of business news.

In brief: Papua New Guinea approves progress of Pasca LNG project

Welcome,

Twinza Oil (PNG) to progress Pasca LNG project, Papua New Guinea’s Prime Minister has said that a Supplementary Budget may be announced within the next few weeks, and the Coral Sea Cable project is nearing completion. Your weekly digest of business news.

Reasons why superannuation is critical to building a strong organisational culture in Papua New Guinea

Welcome,

Six Papua New Guinean companies discuss the benefits of superannuation contributions and share with Business Advantage PNG why it can help companies reduce attendance problems and increase loyalty through super.

Aiming High: Papua New Guinea’s Hindenburg Wall

Welcome,

Adrian Mathias reports on efforts to shine the spotlight on the Hindenburg Wall, one of Papua New Guinea’s hidden natural attractions.

People moves: PanAust, Mineral Resources Authority, KPMG, Ok Tedi Mining, Judicial appointments

Welcome,

Board and senior management changes at PanAust, a new Managing Director at the Mineral Resources Authority, a new Tax Partner at KPMG, Ok Tedi’s first female Mine Manager and judicial appointments for the National and Supreme Courts.

Independent mining consultant questions Papua New Guinea government role as both shareholder and regulator

Welcome,

To remain impartial, the Papua New Guinea Government should not be a shareholder, but only maintain regulatory oversight of mining projects, according to geologist and mining consultant, Jerry Nombri Garry. He tells Business Advantage PNG, there are other ways for the country to derive healthy revenues from mining projects.