Ok Tedi mine reopens after drought causes suspension, Kumul Petroleum renegotiates UBS loan for Oil Search shares and Steamships announces 11% profit increase. Your weekly digest of the latest business news.
In brief: Ok Tedi mine reopens and other Papua New Guinea business stories
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2 Mar 2016 by Leave a Comment
Resources sector needs legislation that will position it for the future: Chamber
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1 Mar 2016 by Leave a Comment
Papua New Guinea’s approach to mining and resources legislation, currently under review, will be critical to positioning the country for the next upswing in prices, claims Greg Anderson, executive director of the PNG Chamber of Mines and Petroleum.
In brief: Call for Papua New Guinea government and industry to weather low commodity prices, and other business stories
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24 Feb 2016 by Leave a Comment
Oil Search leader says PNG ‘well placed’ to manage low commodity price regime, Ok Tedi expected to be profitable, and BSP reports 5 per cent profit increase. Your weekly digest of the latest business news. PNG is well placed to weather the current low world oil price environment, but the Government and industry need to […]
Papua New Guinea participates in a global transparency initiative for the resources industries
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24 Feb 2016 by Leave a Comment
Papua New Guinea has participated in its first report to the Extractive Industries Transparency Initiative (EITI), which is a global effort to improve transparency in resource rich countries to help them avoid the so-called ‘resource curse’.
In brief: Papua New Guinea preparing to refinance Oil Search share loan, and other business stories
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10 Feb 2016 by Leave a Comment
Banks vie to renew government’s loan for shares in Oil Search, structural faults in Phase One of new Lae port, OK Tedi to resume operations next month. Your weekly roundup of the latest business news.
In brief: Ok Tedi mine may resume operations in March, and other business stories
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20 Jan 2016 by
The Ok Tedi mine expected to start again in March, the US formally withdraws from fishing treaty, and unions call on government to honour superannuation commitments. Your weekly digest of the latest business news.
Restructure will see 25% reduction of Ok Tedi staff and switch to ‘fly in-fly out’ operation at Papua New Guinea mine
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9 Dec 2015 by 3 Comments
PNG’s state-owned mine is undergoing a radical restructuring which will result in a 25% workforce cut and see the company move to a Fly-In, Fly-Out operation, says Managing Director and CEO, Peter Graham.
Papua New Guinea mining and petroleum conference to emphasise need for stability: Chamber
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19 Nov 2015 by Leave a Comment
Regulatory stability, and how industry and Government can work together to deliver ‘shared benefits’ will be key themes of next week’s Papua New Guinea Mining and Petroleum Seminar in Port Moresby, according to PNG Chamber of Mines and Petroleum Executive Director, Greg Anderson.
Second mine suspension in Papua New Guinea highlights drought impact
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21 Oct 2015 by Leave a Comment
The suspension of a second mine in Papua New Guinea has highlighted the impact of the El Nino drought, which is also severely affecting the agriculture industry. Just how long the drought continues for will determine the long-term effects, according to Paul Barker, the Executive Director of the Institute of National Affairs.
Profile: Engineer’s passion to improve access to power in Papua New Guinea
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14 Oct 2015 by Leave a Comment
For more than 30 years, Finkewe Zurecnuoc has been a trailblazer for female engineers in Papua New Guinea. The PNG Power board member is now focusing on using her professional experience to help improve accessibility to power in remote areas.
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