James Marape, PNG’s Prime Minister, speaks exclusively about PNG’s next decade of economic growth, which he describes as potentially the most exciting in the nation’s history.
Resources boom to usher in ‘the most exciting ten years’ for Papua New Guinea: Prime Minister Marape
Welcome,
Conference catches Papua New Guinea of the cusp of a new era of investment
Welcome,
Investment and partnership opportunities were a focus at this year’s 2023 Business Advantage Papua New Guinea Investment Conference in Brisbane, with numbers exceeding pre-COVID levels.
In brief: Porgera’s Special Mining Lease application lodged and other business stories
Welcome,
Special Mining Lease application for the Porgera mine lodged, Japanese company JX Nippon to hold a stake of Papua LNG, and Papua New Guinea’s first green finance policy launched. Your business news in summary.
Opinion: Reversing rural decline in Papua New Guinea
Welcome,
Economist and lecturer Andrew Anton Mako, who left his own rural community at the age of 13 in search of an education, outlines what is needed to reverse the decline of many of Papua New Guinea’s rural communities.
In brief: Papua LNG spending to help revive forex market and other business stories
Welcome,
Papua LNG spending to help restore Papua New Guinea’s foreign exchange market, Bank of China opens representative office in Port Moresby and New Porgera clarifies future payments to Barrick.
In brief: Mining lease transferred to New Porgera and other business stories
Welcome,
Barrick Niugini and Kumul Mineral Holdings transfer Porgera special mining lease to New Porgera, Nadzab Airport expected to be completed by August and Geopacific Resources completes capital raising. Your business news in brief.
Latest agreement puts Wafi-Golpu copper/gold project back on track
Welcome,
A landmark memorandum of understanding between the PNG government and the Wafi-Golpu Joint Venture participants, Newcrest Mining and Harmony Gold, marks the key step towards the granting of a special mining lease for the Wafi-Golpu copper-gold mine, the application for which was first lodged back in August 2016.
Economic update 2023: Papua New Guinea’s year of gearing up
Welcome,
With the worst of the COVID pandemic behind it, Papua New Guinea is preparing itself for a decade of sustained economic growth. While the investments that will drive this growth are still being finalised, business leaders tell Business Advantage PNG the country is already starting to get ready.
Recent readers’ comments