Geopacific Resources’ ‘phenomenal’ Woodlark project to produce gold within 18 months

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Australian miner Geopacific Resources has secured funding to develop the gold mine on Papua New Guinea’s Woodlark Island in Papua New Guinea’s Milne Bay Province. Business Advantage PNG spoke exclusively to Chairman Ian Clyne and CEO Tim Richards about their expectations for the project.

In brief: Newcrest revises Wafi-Golpu plan, and other business stories

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Newcrest plans larger development at Wafi-Golpu, O’Neill confident Papua New Guinea will recover from quake and loan to cover government superannuation debt. Your weekly digest of the latest business news.

In brief: Government prepares to relocate Moresby port to Motukea Island, and other business stories

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The national government prepares to buy Motukea Port from Curtain Bros, exports of LNG could double in five years and fuel prices fall. Your weekly digest of the latest business news.

People moves: executive moves and changes relevant to Papua New Guinea

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New CEO at Air Niugini Simon Foo has been appointed acting Chief Executive Officer of Air Niugini Limited (ANL) following the departure of Wasantha Kumarasiri. Foo is a current ANL board member and a former senior executive with the airline. Former Mining Minister joins Woodlark board Sam Akoitai, Papua New Guinea’s Minister for Mining from 2002 to […]