In brief: Papua New Guinea and Australia sign economic partnership agreement and other business stories

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Papua New Guinea and Australia sign economic partnership agreement, seafood venture for New Ireland, and K200 million for SMEs still on its way. The business news you need to kickstart your week.

Staking his claim: Kumul Minerals Holdings’ Peter Graham talks exclusively about the mining entity’s future

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Peter Graham, Chairman of Papua New Guinea’s state-owned mining company Kumul Minerals Holdings, talks extensively about its plans for the future.

In brief: tariffs, fees and levies hurting agriculture and other business stories

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NBPOL claims tariffs, fees and levies are hurting agriculture, SMEs to benefit from government’s stimulus and government owes over K1 billion to businesses. The business news you need to kickstart your week.

Ok Tedi Mining to be a ‘model miner’, says new CEO

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In the midst of Papua New Guinea’s state of emergency, there was a change at the top of Ok Tedi Mining Limited (OTML). Business Advantage PNG asks Musje Werror, OTML’s newly appointed Managing Director and CEO, about his vision for the future of PNG’s largest mine.

People moves: BSP, Coca-Cola Amatil, Nasfund, Legal Training Institute, Ok Tedi, Kumul Mineral Holdings

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Bank South Pacific (BSP) appoints a Group Chief Financial Officer, Nasfund welcomes a Chief Officer Members Services, Coca-Cola Amatil gets a new Group CFO, an Acting Director for Legal Training Institute, Ok Tedi Mining appoints a new head and Kumul Mineral Holdings elects a Chairman and Acting Managing Director.

Digging deeper: Mineral Resources Authority confident about the future of Papua New Guinea’s mining sector

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The global economic crisis triggered by COVID-19 outbreak has increased the urgency for Papua New Guinea to facilitate mining projects, which are the biggest providers of crucial foreign exchange. Business Advantage PNG speaks exclusively PNG’s Mineral Resources Authority about where the sector is heading.

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

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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

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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

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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

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

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