Stronger copper price a boost for Ok Tedi but further rises needed for rest of the sector

Welcome,

The copper price has increased by about a quarter in 2017, although it is still below its 2013 highs. Stephen Howes, Director of the Development Policy Centre at ANU tells Business Advantage PNG that the  boost in the copper price is important for Papua New Guinea, in particular, Ok Tedi.

Papua New Guinea LNG projects viable, despite low commodity prices, says Oil Search’s Botten

Welcome,

Gas projects in Papua New Guinea are extremely viable, despite the downturn in oil and gas prices, the Managing Director of Oil Search, Peter Botten, has told the 2015 PNG Advantage Investment Summit in Brisbane.

In brief: Pruaitch delivers record Budget and other business stories

Welcome,

Record 2015 Budget and higher deficit, Sime Darby happy with 51% of New Britain Palm Oil and Marengo Mining raises funds for drilling program. Your weekly digest of the latest business news.

In brief: PNG Ports Corporation completes Lae extension, and other business stories

Welcome,

The extension project at Lae Port reaches a conclusion, PanAust feasibility study at Freida River on target, National Executive Council endorses PNG Sovereign Wealth Fund. Your weekly digest of the latest business news.