Papua New Guinea at risk of losing foreign investment, says head of think-tank

Welcome,

Papua New Guinea should seek to attract more foreign investment in the wake of the COVID-19 crisis. But many of its policies are going in the opposite direction, according to Paul Barker, Executive Director of the Institute of National Affairs.

‘Slow recovery’: Business Council of Papua New Guinea demands focus on economy

Welcome,

Business in Papua New Guinea has responded well to COVID-19 but is now facing a downturn at the lower end of expectations. David Toua, board member of the Business Council of Papua New Guinea says the focus now needs to turn to the economy.

Fair share? Papua New Guinea’s move to production sharing in resource projects questioned

Welcome,

The Papua New Guinea government’s proposal to move to production sharing agreements in resource projects may not solve the government’s financial problems and there is a risk it will harm the country’s reputation for being a good place to invest, according to the industry itself.

Analysis: amendments to Papua New Guinea’s Mining Act and Oil and Gas Act

Welcome,

The Parliament of Papua New Guinea has passed a series of amendments targeting the mining, oil and gas industries. Law firm Allens examines the significance of these amendments and the likely next steps.

Very resourceful: how K92 Mining has thrived during COVID-19 in Papua New Guinea

Welcome,

Mining companies in Papua New Guinea have been able to keep operating during the COVID-19 crisis. John Lewins, Chief Executive Officer and Director of K92 Mining, says his company actually ‘set records’.

Papua New Guinea falls in global mining rankings survey

Welcome,

Papua New Guinea’s mining sector recorded its lowest result for five years in the Fraser Institute’s annual Investment Attractiveness Index. We consider the reasons, and their impact on PNG’s global competitiveness.

In Brief: New petroleum regulator on Papua New Guinea’s radar and other business stories

Welcome,

The Papua New Guinea’s Petroleum Minister has said he will put forward a bill on the proposed National Petroleum Authority and Bougainville receives an extra $US700,000 to support its referendum. Your weekly digest of the latest business news.

In brief: A PPP venture mooted for Hela Province, and other business news

Welcome,

A PPP agricultural venture mooted for Hela Province, first rice harvest from Morobe farm, and Rami Nicu leading the industry in red laterite development. Your weekly digest of the latest news.

Papua New Guinea mining rates ahead of several Australian states for attractiveness

Welcome,

Research by the Fraser Institute shows that Papua New Guinea rates ahead of several Australian states for attractiveness for mining investment. Gavin Wendt, Founding Director of resource analyst Minelife, says statements from Kumul Mineral Holdings’ Chairman Peter Graham that it will invest in upcoming projects are also a positive for foreign investors.

Papua New Guinea’s mining sector concerned about revised Mining Act

Welcome,

There is growing concern in Papua New Guinea’s mining industry that changes to the Mining Act will discourage investment in the sector. The Executive Director of the PNG Chamber of Mines and Petroleum, Professor Albert Mellam, has said the mining sector is ‘strongly opposed’ to the revised Act.