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.
Independent mining consultant questions Papua New Guinea government role as both shareholder and regulator
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20 Mar 2018 by 12 Comments
Earthquake to have ‘huge impact’ on Papua New Guinea economy, says Prime Minister
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7 Mar 2018 by Leave a Comment
Last month’s earthquake in Papua New Guinea will have a ‘huge impact’ on the economy, says Prime Minister Peter O’Neill. The death toll is rising, the extent of the destruction and disruption to services and businesses is still being assessed, and the damage to the PNG LNG project is expected to affect government revenues.
Stronger copper price a boost for Ok Tedi but further rises needed for rest of the sector
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3 Oct 2017 by Leave a Comment
The copper price has increased by about a quarter in 2017, although it is still below its 2013 highs. Stephen Howes, Director of the Development Policy Centre at ANU tells Business Advantage PNG that the boost in the copper price is important for Papua New Guinea, in particular, Ok Tedi.
In brief: Highlands Highway re-opens after a month-long blockade, and other business stories
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13 Sep 2017 by Leave a Comment
Normal services along the Highlands Highways resume, coffee exports steady but expected to fall next year, and China approves loan for PMIZ. Your weekly digest of the latest business news.
People moves: Ok Tedi Mining, Digicel, Media Council
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5 Sep 2017 by Leave a Comment
Three women appointed to senior roles at Ok Tedi Mining, a new CEO at Digicel, a new executive at the Media Council Ok Tedi Mining has appointed three women to managerial roles. Hillary Turnamur has been appointed Manager, Kiunga Operations, Beverley Pasen as Manager, ICT, and Chantel Christensen as Manager, Contracts and Compliance. *** Digicel PNG […]
In brief: Government seeking Budget support of US$500 million, and other business stories
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23 May 2017 by 1 Comment
Government seeking Budget support from World Bank, LNG partners seek huge savings by co-operating, Ok Tedi performing well after seven months. Your weekly digest of the latest business news.
In Brief: Election campaign period to last eight weeks, and other business stories
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26 Apr 2017 by Leave a Comment
Electoral Commissioner says campaign period will last eight weeks, Ombudsman suspends release of development funds until after the election and cocoa production back to average levels before borer struck. Your weekly digest of the latest business news.
‘Unshackled’ Bougainville Copper reveals strategy for re-opening Panguna mine on Bougainville
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15 Mar 2017 by Leave a Comment
If the giant Panguna copper mine on Bougainville is ever to re-open, many complex problems must be solved, including the status of the former miner, Bougainville Copper Limited (BCL). In this exclusive interview with Business Advantage PNG, BCL Chairman Rob Burns outlines its strategy to return to mining.
Sticking points in Mining Act yet to be resolved, says Mining Minister Byron Chan
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9 Jan 2017 by Leave a Comment
The Minister for Mining, Byron Chan, says that the amendments to Papua New Guinea’s Mining Act are ‘complete’. But he tells Business Advantage PNG that there are some contentious issues.
In brief: ‘Clan vetting’ the key to resolving PNG LNG royalty issue, says Energy Minister
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10 Aug 2016 by Leave a Comment
Officials sent to negotiate with Hides landowners over non-payment of royalties from PNG LNG project, Ok Tedi earns K623 million since March, and PNG Post pays K500,000 in dividends. Your weekly digest of the latest business news.
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