Australian-based Kula Gold says the granting of a mining lease to develop its Woodlark Island Gold Project is a ‘milestone’, for both itself and the Papua New Guinea Government. The next step is to confirm financing for the project, Kula’s Chief Executive Officer Stuart Pether tells Business Advantage PNG.
Prime Minister Peter O’Neill refuses to step aside after corruption claims, courts approve UBS loan repayments and Papua New Guinea’s financial system is worth nearly K40 billion. Your weekly digest of the latest business news.
The Pacific demands tuna catch limits, a corruption report injunction lifted, and a call for a national debate on foreign investment laws. Your quick digest of the week’s business news.