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).
Aiming High: Papua New Guinea’s Hindenburg Wall
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25 Mar 2019 by Leave a Comment
Adrian Mathias reports on efforts to shine the spotlight on the Hindenburg Wall, one of Papua New Guinea’s hidden natural attractions.
Ok Tedi ramping up exploration
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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.
People moves: PanAust, Mineral Resources Authority, KPMG, Ok Tedi Mining, Judicial appointments
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16 Jan 2019 by Leave a Comment
Board and senior management changes at PanAust, a new Managing Director at the Mineral Resources Authority, a new Tax Partner at KPMG, Ok Tedi’s first female Mine Manager and judicial appointments for the National and Supreme Courts.
In brief: Government seeks more revenue from fishing, and other business stories
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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.
Ok Tedi has moved from ‘death row’ to a ‘sweet spot’, says CEO
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12 Jun 2018 by 2 Comments
The Chief Executive of copper and gold producer Ok Tedi Mining, Peter Graham, believes the Papua New Guinean company will enjoy a ‘sweet spot’ in the next few years. He says efficiency gains have substantially improved the mine’s competitiveness.
In brief: Oil Search says there is ‘distribution’ problem with payouts, and other business news
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15 May 2018 by Leave a Comment
Oil Search acknowledges problems with payouts, Frabelle denies shut down and the ICCC starts legal proceedings against Steamships. Your weekly digest of the latest business news.
Independent mining consultant questions Papua New Guinea government role as both shareholder and regulator
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20 Mar 2018 by 12 Comments
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.
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.
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