COVID-19, Porgera and politics may have monopolised the attention of the media, but 2020 brought many other challenges, unexpected changes and triumphs for business. Here’s how Business Advantage PNG reported on this extraordinary year.
In brief: Dirio Gas and Power project launched and other business stories
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23 Nov 2020 by Leave a Comment
The Dirio project gets commissioned, Barrick distances from Papua New Guinea’s political turmoil and state-owned enterprises reform on track. The business stories you need to kickstart your week.
Metal mayhem: Barrick set to re-open Porgera; Chairman quits Kumul Minerals
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19 Oct 2020 by 1 Comment
In a surprise development, the Porgera gold mine looks set to re-open, ending a period of intense disagreement between Papua New Guinea’s government and Barrick Niugini, the mine’s operator.
‘SMEs are hurting’: ANZ’s Mark Baker on the bank’s post-COVID challenges in Papua New Guinea
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28 Sep 2020 by 2 Comments
Renegotiating terms or refinancing are proving to be the best way to deal with the shock caused by COVID-19 according to Mark Baker, Managing Director of ANZ Bank Papua New Guinea. In an exclusive interview he tells Business Advantage PNG that improving confidence is the big challenge.
In brief: ADB approves K87 million telecommunications investment in Papua New Guinea and other business stories
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7 Sep 2020 by Leave a Comment
The Asian Development Bank approves a multi-million kina investment in telecommunications in Papua New Guinea, Investment Promotion Authority looks to make doing business easier, and Fortescue Metal Group announces plans for hydropower projects in PNG. The business news you need to kickstart your week.
Papua New Guinea Government moves to take over Porgera lease
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31 Aug 2020 by 6 Comments
Papua New Guinea’s government has moved to effectively take over the Porgera gold mine in Enga Province by issuing a Special Mining Lease to state-owned mining company, Kumul Minerals Holdings. Legal challenges look likely.
In brief: Oil Search planning strategic review and other business stories
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27 Jul 2020 by 1 Comment
Oil Search to undergo a strategic review, Newcrest remains positive about Wafi-Golpu and public consultation on internet pricing. The news you need to kickstart your week.
Papua New Guinea government and Barrick Gold outline competing visions for Porgera
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20 Jul 2020 by 9 Comments
Prime Minister James Marape and Barrick Gold have offered two competing visions for the reopening of the Porgera gold mine. With the mine closed and court cases ongoing, the latter is highlighting the impact on business and the community.
Barrick initiates international proceedings over Porgera
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13 Jul 2020 by 2 Comments
In its latest step to maintain its position as operator of the Porgera gold mine, Barrick (Niugini) is taking its dispute with Papua New Guinea to the International Centre for Settlement of Investment Disputes.
Tools down: Papua New Guinea’s Porgera gold mine starts sacking workers
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29 Jun 2020 by 16 Comments
Barrick Niugini, the majority owner and operator of the Porgera gold mine, has announced that it will be retrenching most of its workforce over the coming weeks. Meanwhile, Papua New Guinea’s government seems intent of finding a new operator for the mine.
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