Papua New Guinea’s Independent Consumer and Competition Commission is set for a busy few months, as the country looks set for a higher-than-usual level of mergers-and-acquisitions activity. Beyond M&A, there are other developments for investors to look forward to as well.
A departure at Kina Bank, a new Manager Media and Public Relations for OTML, a new National Fuel Transport Manager for EastWest Transport, new President and COO for Newmont and more.
National Executive Council reshuffle, a new Chief Executives for PNG Power and Westpac PNG, OTML Chairman resigns, a new COO for PNG Ports and a reappointment at the Department of ICT.
Kumul Minerals is planning a bright future for Ok Tedi, PNG’s oldest and largest producing mine. Managing Director Sarimu Kanu shares the plans with Business Advantage PNG.
Papua New Guinea has faced ongoing fuel supply challenges since August 2023, as a result of issues related to its largest fuel importer, Puma Energy. Islands Petroleum is one of a number of fuel companies that have ramped up capacity to help meet demand. Chief Executive Nathan Bluett says the company is now looking to grow further.
Sarimu Kanu, Managing Director of state-owned miner Kumul Minerals Holdings, gives an update on the progress of the Wafi-Golpu mine project to Business Advantage PNG, and outlines the company’s strategy to consolidate some of Papua New Guinea’s smaller mining projects.
CEO leaves Air Niugini, Oceania Customs Organisation appoints Papua New Guinean as head, Rural Airstrip Agency (RAA) gets new CEO, Bougainville Copper Limited and National Can Industries Limited welcome new board members, and Ok Tedi Mining Limited confirms managerial appointment.
Central bank welcomes a new Acting Governor, the Papua New Guinea Chamber of Mines and Petroleum farewells Executive Director, Nambawan Super gets new board member, changes at Ok Tedi Mining, and Credit Corp announces staff changes.
Senior resignations at Ok Tedi Mining and Geopacific Resources, while Data#3 appoints new CFO.
The Morobe government to revisit Hidden Valley agreement, PNG DataCo still repairing the cables broken in the September earthquake and the Investment Promotion Authority to get a new online registry before the year ends. Business news in summary.