In brief: More than a billion kina for ‘maritime infrastructure’ and other business stories

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PNG Ports announced a K1.1 billion partnership with Australia for maritime infrastructure, Geopacific Resources gets funding for Woodlark Island gold mine and new training program for SMEs. The business news in brief.

In brief: Ok Tedi Mining suspends flights to Australia and other business stories

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Ok Tedi Mining suspends flight to Australia after three miners tested positive to COVID-19, Papua New Guinea continues to battle surge in COVID cases and National Fisheries Authority signs agreement for Daru fishery.

Digging deeper: resources sector’s contribution undervalued in Papua New Guinea

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The contribution of the resources sector to the Papua New Guinea is being greatly under-estimated according to Maygen Turliu, Director of Tax & Business Services for Deloitte PNG. What appears in Treasury’s Budget is less than a third of its actual contribution.

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.