Forum hears of challenging business conditions in Papua New Guinea

Welcome,

The Australia–Papua New Guinea Business Council is holding its 36th business forum and trade expo this week in Brisbane. Business Advantage PNG reports from the event, which is both a physical and online event this year.

In brief: Ok Tedi Mining suspends flights to Australia and other business stories

Welcome,

Ok Tedi Mining suspends flight to Australia after three miners tested positive to COVID-19, Papua New Guinea continues to battle surge in COVID cases and National Fisheries Authority signs agreement for Daru fishery.

Papua New Guinea falls in mining investment rankings

Welcome,

Papua New Guinea is ranked as the tenth worst destination for investment in mining, according to the Fraser Institute’s Survey of Mining Companies 2020. Infrastructure and security were nominated as areas of particular concern.

New laws, new projects, new power: Kumul Petroleum’s MD on Papua New Guinea’s petroleum and gas future

Welcome,

In this exclusive interview, Wapu Sonk, Managing Director of Kumul Petroleum Holdings, looks ahead to the next decade of Papua New Guinea’s petroleum and gas sector.

Wafi-Golpu JV explains its deep sea waste disposal plan

Welcome,

The Wafi-Golpu Joint Venture has released new information on its proposed DSTP method of tailings disposal for the planned Wafi-Golpu mine in Papua New Guinea. The move is designed to allay environmental concerns, including those expressed by Morobe Governor Ginson Saonu.

In brief: Reopening Porgera ‘will have a more immediate restorative effect’ and other business stories

Welcome,

Foreign exchange pressures continue to escalate, the Executive Director of the Institute of National Affairs talks about the ‘restorative effect’ reopening Porgera could have, and Oil Search back on track.

In brief: Wafi-Golpu licence expected by the end of July or August and other business stories

Welcome,

Mining Minister is optimistic about Wafi-Golpu mining project, Police Commissioner must vacate office before the end of the month and Australia’s Seasonal Worker Program is back. 

2020: the year in review for Papua New Guinea business

Welcome,

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: Papua New Guinea’s Datec for sale and other business stories

Welcome,

Datec has been put up for tender, Horizon Oil set to leave Papua New Guinea and K92 Mining plans for investment. The business news you need to kickstart your week.

In brief: Wafi-Golpu closes in on environmental permit and other business stories

Welcome,

Wafi-Golpu close to environmental permit, Kina Bank to launch capital fund for SMEs and PNG LNG delivers its highest production moment yet despite the COVID-19 pandemic. The business news you need to kickstart your week.