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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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.