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.
In brief: Papua New Guinea ‘will shortly be sending Exxon’ its final position for P’nyang and other business stories
Welcome,
1 Jun 2020 by 1 Comment
Papua New Guinea’s Prime Minister, James Marape, talks about the delays in resources projects, Air Niugini through its subsidiary Link PNG could purchase up to 60 per cent of shares in PNG Air and K113,000,000 from the COVID-19 stimulus package will be used to improve food security and strengthen agriculture production.
Going strong but for how long? Ok Tedi Mining announces strong profits and dividends
Welcome,
27 May 2020 by Leave a Comment
Ok Tedi Mining has announced strong profits and dividends – important because it accounts for over four per cent of Papua New Guinea’s economy. But the future of the company, which has new shareholders, will depend on finding new reserves beyond the Ok Tedi mine’s projected six-year mine life.
More dialogue and an amicable outcome needed on Porgera mine [opinion]
Welcome,
1 May 2020 by Leave a Comment
The Executive Director of Institute of National Affairs, Paul Barker, considers the repercussions from the Papua New Guinea government’s decision not to renew the special mining lease on the Porgera gold mine.
In brief: African swine fever reaches Papua New Guinea and other business stories
Welcome,
30 Mar 2020 by Leave a Comment
The Minister for Agriculture puts measures in place to stop the spread of the African swine fever and protect the pork industry, Prime Minister James Marape announces stimulus package and ICCC monitors shops to avoid price spikes in essential items. The business news you need to kickstart your week.
Changes to Papua New Guinea’s Mining Act ‘imminent’
Welcome,
28 Aug 2019 by Leave a Comment
Proposed changes to the Mining Act are likely to go to Papua New Guinea’s Cabinet ‘in the next few weeks,’ according to Peter Graham, Managing Director of Ok Tedi Mining.
Life in Papua New Guinea after Ok Tedi
Welcome,
3 May 2019 by Leave a Comment
As the Ok Tedi gold and copper mine nears the end of its current mine life, the Ok Tedi Development Foundation has launched a five-year plan to create economic self-reliance for the people of Western Province. Kevin McQuillan reports.
Papua New Guinea state loses US$1.4 billion PNGSDP legal battle
Welcome,
5 Apr 2019 by 1 Comment
The State of Papua New Guinea has lost its attempt in the Singapore High Court to wrest control of the remaining assets of PNG Sustainable Development Program Ltd (PNGSDP), worth US$1.4 billion (K4.72 billion).
Ok Tedi ramping up exploration
Welcome,
15 Feb 2019 by Leave a Comment
With only 10 years of estimated current mine life, Ok Tedi Mining is working hard to optimise production and maximise profit at Papua New Guinea’s largest copper mine, says CEO Peter Graham.
In brief: Government seeks more revenue from fishing, and other business stories
Welcome,
24 Jul 2018 by Leave a Comment
Government to seek more revenue from fishing, three provinces to be granted autonomous status and the Government claims the right to acquire land for the Highlands Highway construction work. Your weekly digest of the latest business news.
USD 0.2890
AUD 0.4202
GBP 0.2336
EUR 0.2569
NZD 0.4493
JPY 30.96
SGD 0.4026
Recent readers’ comments