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: Government seeking Budget support of US$500 million, and other business stories
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23 May 2017 by 1 Comment
In brief: Merger of Telikom, bmobile and DataCo under Telikom, and other business stories
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21 Feb 2017 by Leave a Comment
Government plans to merge Telikom, bmobile and DataCo, Highlands Pacific Chairman says PanAust’s resignation requests amount to a takeover, and PNG LNG reports 25% increase in LNG. Your weekly digest of the latest business news.
Papua New Guinea’s Frieda River project still faces obstacles, says Managing Director Fred Hess
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14 Dec 2016 by 1 Comment
PanAust is keen to start development of the Frieda River copper gold project, Managing Director Fred Hess told the PNG Mining and Petroleum Investment Conference in Sydney. But he warns there are many obstacles to establishing a mine in such a remote region of Papua New Guinea and the decision has not yet been made to go ahead.
In brief: Agriculture Minister calls for annual 10% Budget investment in sector and other business stories
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29 Nov 2016 by
Tomscoll says government must invest in agriculture if the economy is to survive, government waiting for Chinese funding of PMIZ a year after launch, and O’Neill discusses closer ties with Thailand. Your weekly digest of the latest business news.
Papua New Guinea’s resources sector still has some ‘bright stars’, says Anderson
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19 Oct 2016 by Leave a Comment
Times are undoubtedly tough in Papua New Guinea’s mining and petroleum sector, but as the industry prepares for its biennial conference in Sydney in December, the PNG Chamber of Mines and Petroleum’s Greg Anderson tells Business Advantage PNG there are still ‘bright stars’ to get excited about.
PanAust looks for ‘social licence’ to operate Frieda River mine in Papua New Guinea
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12 Jul 2016 by 5 Comments
Frieda River, a wholly owned PNG subsidiary of PanAust, has lodged a Special Mining Lease application to Papua New Guinea’s Mineral Resources Authority to develop the Frieda River Copper-Gold Project. Glen Connell, PanAust’s General Manager, Government and Community Relations, tells Business Advantage PNG that developing a ‘social licence’ to operate is just as crucial to the success of the project.
In brief: PanAust applies for Frieda River licence, new US-Pacific fishing deal and claims Papua New Guinea economy sound
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28 Jun 2016 by Leave a Comment
PanAust applies for Frieda River mining licence, new deal governing American access to the region’s tuna fishing and Chief Secretary to Government says Papua New Guinea’s economic fundamentals sound. Your weekly digest of the latest business news.
Frieda River ‘one of largest’ undeveloped copper-gold deposits in world, says PanAust
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20 May 2016 by 12 Comments
PanAust has released its feasibility study into the Frieda River mine in Sandaun Province, claiming it is ‘one of the largest undeveloped copper-gold deposits in the world’, with an initial 17-year mine life. The company’s intention is to take a staged approach to development.
In brief: Total SA to start construction of LNG plant in 2018 and other business stories
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20 Apr 2016 by Leave a Comment
Total SA Chairman says company is planning to commence construction of LNG plant in 2018, Ramu NiCo ordered to stop operating nickel mine and Harmony Gold reports ‘continuing exploration success.’ Your weekly digest of the latest business news. The Chairman and Chief Executive Officer of oil and gas company Total SA, Patrick Pouyanné, says the company is planning to […]
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.
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