The World Bank has released its economic update on Papua New Guinea, superannuation funds reject bank levy, and SNT Chair says Porgera will reopen next month. The business news you need today.
In brief: World Bank report says GDP in Papua New Guinea is expected to grow and other business stories
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16 Mar 2022 by 1 Comment
In brief: Porgera gold mine inching closer to reopening and other business stories
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28 Feb 2022 by Leave a Comment
Papua New Guinea’s State Negotiation Team Chairman says Porgera mine could open in April and confirm the Team is also working on Wafi-Golpu, Air Niugini resumes in-flight catering and the Japanese Government donate funds for infrastructure projects. The news you need today.
2022: what can Papua New Guinea business expect from the year ahead?
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19 Jan 2022 by Leave a Comment
Business Advantage PNG looks to the year ahead and considers what Papua New Guinea-focused businesses can expect in the coming 12 months.
In brief: Papua New Guinea’s Porgera and Wafi-Golpu mines to be prioritised and other business news
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19 Jan 2022 by Leave a Comment
Mineral Resources Authority to prioritise Porgera and Wafi-Golpu, Papua New Guinea’s Forestry Industry struggling, and over K1.4 billion of new road contracts announced. The business news you need today.
Papua New Guinea government and Barrick sign ‘commencement agreement’ for restart of Porgera mine
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18 Oct 2021 by Leave a Comment
A ‘commencement agreement’ has been hailed by Papua New Guinea’s government and Barrick Niugini as a ‘crucial step’ in the process of reopening the country’s largest gold mine. Business Advantage PNG considers what still needs to happen for the mine to return to productivity.
In brief: Papua New Guinea’s Prime Minister says P’nyang project could be a ‘win-win’ and other business stories
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23 Sep 2021 by Leave a Comment
Prime Minister James Marape to visit ExxonMobil’s headquarters, Telikom/bmobile merger to be finalised this month, and delays in Porgera’s reopening. The business news you need today.
In brief: Papua New Guinea grants Special Economic Zone status to Mayur’s project and other business stories
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15 Sep 2021 by Leave a Comment
Mayur’s Central Lime and Cement project receives Special Economic Zone status, Porgera mine announcement coming on 16 September and COVID cases increase in Papua New Guinea. The business news you need today.
In brief: Ok Tedi Mining commences COVID-19 vaccination program and other business stories
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2 Jun 2021 by Leave a Comment
Ok Tedi Mining rolls out its vaccination program, landowners call for the government to move forward Wafi-Golpu and Fishing Industry Association proposes discounts on fishing days. The business news in brief.
Papua New Guinea’s ‘public health emergency’ a continued challenge, says Oil Search MD
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30 Apr 2021 by Leave a Comment
Having emerged from the ‘most challenging’ year in its 92-year history, Oil Search Ltd is now facing an escalation of COVID-19 infections in Papua New Guinea. In spite of this, shareholders at its annual general meeting were told PNG’s largest company is ‘coming through the challenges well’.
Barrick Gold and Papua New Guinea Government strike new deal over Porgera
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12 Apr 2021 by 2 Comments
The Porgera gold mine in Enga Prince looks set to reopen later this year after the Papua New Guinea Government and mine operator Barrick Gold reached a ‘binding framework agreement’ to share future benefits from the mine and boost local ownership.
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