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.

In brief: Foreign exchange reserves to be about US$2 billion by year’s end, and other business stories

Welcome,

Rise in foreign exchange reserves expected, K1.3 billion required annually for road maintenance work, and Ramu nickel project to have 35 year life. Your weekly digest of the latest business news. 

In brief: Total to build separate LNG pipeline, and other business stories

Welcome,

Competition concerns prompt Total to build separate LNG pipeline, NICTA chief admits PNG has no cyber attack defence mechanisms, and BCL to step up community engagement. Your weekly digest of the latest business news.

People moves: Chamber of Mines and Petroleum, Finnish Ambassador, Telikom PNG, DLIR

Welcome,

A new Executive Director at the Papua New Guinea Chamber of Mines and Petroleum, the new Finnish Ambassador, new acting Chief Executive Officer at Telikom PNG, and new Acting Secretary at DLIR.

Policy flexibility needed for maturing mining industry says Nautilus Minerals CEO

Welcome,

Mineral deposits are becoming increasingly difficult to develop and the mining industry is looking to the Papua New Guinean Government to deliver flexible policies that will benefit a maturing industry, Nautilus Minerals Chief Executive Officer, Mike Johnston tells Business Advantage PNG.

‘Roller coaster ride’ is forcing gas players to aggressively pursue efficiencies says President of PNG Chamber of Mines and Petroleum, Gerea Aopi

Welcome,

Large scale gas projects suit multi-operators, says Gerea Aopi, President of the PNG Chamber of Mines and Petroleum. He tells Business Advantage PNG that this allows operators in Papua New Guinea to spread the fixed costs, which is one way that the industry is looking for productivity improvements.

Papua New Guinea’s resources sector still has some ‘bright stars’, says Anderson

Welcome,

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.