The operator of PNG’s Simberi gold mine is aiming to extend the mine’s life by at least 10 years and triple annual production. In an exclusive interview with Business Advantage PNG, St Barbara’s CEO Andrew Strelein outlines how his company is expediting these plans, including a deal to sell a minority share in the mine to Kumul Minerals.
In brief: Papua New Guinea’s Mid-Year Economic and Fiscal Outlook shows inflation slowing, and other business stories
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17 Aug 2023 by Leave a Comment
Papua New Guinea’s Mid-Year Economic and Fiscal Outlook shows inflation slowing, Airbus wins race to replace Air Niugini fleet, while Securities Commission revokes Melanesian Trustee Services Limited’s trustee license. Your business news in brief.
People moves: St Barbara
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21 Nov 2022 by Leave a Comment
Change of leadership at St Barbara.
St Barbara opts for ‘strategic review’ of Simberi mine in Papua New Guinea
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29 Jun 2022 by Leave a Comment
Australian miner St Barbara has deferred an expected final investment decision on expanding the Simberi mine in Papua New Guinea and has announced a strategic review into the mine that could see it sold.
In brief: growth projections for Papua New Guinea downgraded and other business stories
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28 Apr 2021 by Leave a Comment
Fitch Solutions downgrades growth projections for Papua New Guinea, St Barbara Ltd unveils promising feasibility study for its Simberi gold mine, and Kina Bank introduces fee-free account. The news in brief.
People moves: St Barbara, EY, UNICEF
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24 Feb 2021 by Leave a Comment
St Barbara Ltd welcomes a new General Manager and UNICEF appoints a new representative for its Children’s Emergency Fund in Papua New Guinea.
In brief: lease extension for Papua New Guinea’s Porgera mine refused and other business stories
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26 Apr 2020 by Leave a Comment
Papua New Guinea to take over Porgera Mine, Mining Minister is looking to restart Wafi-Golpu discussions and Shadow Treasurer urges the introduction of a supplementary budget. The business news you need to kickstart you week.
In brief: What companies in Papua New Guinea are doing to stop the spread of COVID-19 and other business stories
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23 Mar 2020 by 1 Comment
Telikom PNG launches a COVID-19 helpline, mining companies announce contingency plans and studies conducted at the Frieda River project site to be finalised. The news you need to kickstart your week.
In brief: International Monetary Fund approves Papua New Guinea’s request and other business stories
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24 Feb 2020 by Leave a Comment
Papua New Guinea gets help from the International Monetary Fund, Minister for Petroleum explains P’nyang license and the ‘Whistleblower Act’ passes unanimously. The news you need to kickstart your week.
St Barbara to invest millions to redefine Papua New Guinea’s Simberi mine
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13 Jan 2020 by Leave a Comment
St Barbara will invest A$8–$12 million (K19–28 million) on exploration activities in Papua New Guinea this financial year with the aim of extending its Simberi gold mine beyond its current mine life.
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