In brief: State-owned enterprises told to lift performance and other business stories

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Papua New Guinea’s state-owned enterprises given pep-talk by Minister, new Credit Guarantee Corporation to be established and Ramu NiCo sales fall. Your weekly digest of the latest business news.

In brief: US$8 billion Frieda River feasibility study released and other business stories

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Feasibility study for Frieda River mine in Sepik Province reveals expanded project, government accounts close this Friday and Pacific nations look to extended their exclusive economic zones. Your weekly digest of the latest business news.

In brief: Ramu NiCo announces K4.8b expansion plans, and other business news

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Ramu NiCo announces expansion, Kina Bank celebrates innovation award, and Frieda River Project Accord signed. A 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.

In brief: Possible rice agreement with the Philippines, and other business stories

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A possible rice deal with the Philippines; developments in gas sales; and landowner issues. Your weekly digest of the latest business news.

In brief: Bougainville referendum on the agenda, and other business stories

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Bougainville referendum on agenda, Irish potatoes harvested in trial, and Mining Minister reassures landowners. Your weekly digest of the latest business news.

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: Telikom PNG in pre-APEC upgrade, and other business stories

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Telikom PNG in pre-APEC upgrade, strong result for Highlands Pacific, PM in Davos, Oil Search’s successful 2017, poor roads leading to food wastage, IFC sells BSP shares to Fiji fund, Nautilus trials on track, push to  return artefacts

In brief: Construction phase of Panguna mine to cost US$4-6 billion, and other business stories

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Bougainville Copper Ltd says Panguna mine could be operational by 2025-26, Foreign exchange injection this week, and Tolukuma gold mine may restart by year’s end. Your weekly digest of the latest business news. 

Increasing global battery demand will drive higher nickel & cobalt prices, predicts Highlands Pacific MD

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As demand for electric cars gather pace, Papua New Guinea’s Ramu mine is perfectly placed to be a big provider of the nickel and cobalt, both essential ingredients for these hi-tech batteries. Craig Lennon, Managing Director of Highlands Pacific told the Business Advantage Papua New Guinea Investment Conference in Sydney that both commodities are hot.