#frieda river

What can Papua New Guinea business look forward to in 2018? #PNG

As Papua New Guinea business gets back to work, Andrew Wilkins looks at some of the issues coming up in 2018. With APEC coming to Port Moresby and a second LNG project in the offing, this is a year when PNG is going to be the subject of international attention. APEC Haus under construction. Source: BAI The economy

Based on new Treasurer Charles Abel’s 2018 National Budget, delivered in late 2017,…

Sticking points in Mining Act yet to be resolved, says Mining Minister Byron Chan #PNG

The Minister for Mining, Byron Chan, says that the long-awaited amendments to Papua New Guinea’s Mining Act are ‘complete’. But, he tells Business Advantage PNG, there are still some contentious issues.

Byron Chan, Minister for Mining  Source: Business Advantage International

Byron Chan says there has already been considerable work on the revisions to the 1992 Mining Act. ‘Everything is complete,…

Frieda River project still faces obstacles says managing director Fred Hess #PNG

PanAust is keen to start development of the Frieda River copper-gold project, Managing Director Fred Hess told the Papua New Guinea Mining and Petroleum Investment Conference in Sydney last week. But he warned there are many obstacles to overcome before a final decision to go ahead with the mine.

PanAust’s Fred Hess. Source: Business Advantage International

Hess said the nature of the resource at…

PanAust looks for 'social licence' to operate Frieda River mine in Papua New Guinea #PNG

Frieda River Ltd, the wholly-owned Papua New Guinea subsidiary of PanAust, has lodged a Special Mining Lease application with PNG’s Mineral Resources Authority to develop the Frieda River Copper-Gold Project. Glen Connell, PanAust’s General Manager, Government and Community Relations, tells Business Advantage PNG that developing a ‘social licence’ to operate is critically important for the…

Frieda River 'one of largest' undeveloped copper-gold deposits in world, says PanAust #PNG

PanAust has released its feasibility study into the Frieda River mine in Sandaun Province, claiming it is ‘one of the largest undeveloped copper-gold deposits in the world’, with an initial 17-year mine life. The company’s intention is to take a staged approach to development. The Frieda River project in Sandaun Province. Credit: Xstrata Copper The feasibility study found that there are over 2.7…

Resources sector needs legislation that will position it for the future: Chamber #PNG

Papua New Guinea’s approach to mining and resources legislation, currently under review, will be critical to positioning the country for the next upswing in prices, claims Greg Anderson, executive director of the PNG Chamber of Mines and Petroleum.

The PNG Chamber of Mines and Petroleum’s Greg Anderson.

Anderson says PNG is well placed to attract investment when the cycle turns, but choices made…

In brief: Port Moresby Chamber backs Northern Australia development, and other business stories #PNG

Port Moresby Chamber applauds development of Northern Australia, Papua New Guinea well-placed on global LNG stage, and SP Brewery launches new brew. Your weekly digest of the latest business news. The Port Moresby Chamber of Commerce (POMCCI) has expressed support for the Australian Government’s announcement of a A$1.2 billion funding commitment for the ‘Our North, Our Future: White Paper’ on…

Bright spots, but challenges remain for Papua New Guinea’s mining sector #PNG

Despite some positive developments for the mining sector in Papua New Guinea, the industry continues to face funding challenges for critical exploration activity, the PNG Chamber of Mines and Petroleum’s Greg Anderson tells Business Advantage PNG. A helicopter at Highlands Pacific’s Star Mountains project. Credit: Highlands Pacific After sharing the pain of a global downturn in commodity prices…