Editorial: Be careful with investment deals

THE Government appears to be treading on a fine line in dealing with multinationals in the mining and hydrocarbon sectors. It has only a year to see the successful conclusion of at least one major project agreement, if at all. The protracted court battle and renegotiations with Barrick Niugini Ltd over the reopening of the Porgera... more →
Posted in: Papua New Guinea

Prime Minister James Marape with Mr Mark Bristow and his team from Barrick

Yesterday I was assisted by Governor GC Sir Ipatas, Hon M Makiba, Ambassador Lupari, Kumul Mining Holding Ltd’s MD in Peter Graham and State Solicitor Mr D Rolpagaera in securing a better deal for our country. We spent whole day yesterday securing well for our country without compromising or sacrificing all of my government’s... more →
Posted in: Papua New Guinea

Golden years ahead for Porgera mine

The NationalBusiness POGERA gold mine in Enga has the potential to produce 500,000 ounces of gold a year for the next 20 years, says Barrick Gold Corporation president and chief executive Mark Bristow. He said the challenge was now on management, staff and the local community to work together to ensure that benefits continued... more →
Posted in: Papua New Guinea

MP hopes gas project will help locals

WESTERN Governor Taboi Awi Yoto has said the Fly River government wanted its people to benefit from the P’nyang gas field which it hopes remains a standalone project and not part of the existing LNG project. The P’nyang field is located within petroleum retention license 3, which covers 105,000 acres (425sqkm). ExxonMobil affiliates... more →
Posted in: Papua New Guinea