Issue 2

Before we knew it, it's the middle of the year -- time to bring out Issue 2 2023 of your PNG Business News!

With geopolitical action reaching new highs in the Pacific, Papua New Guinea and the United States signed a new defence cooperation pact ostensibly to counter the growing Chinese influence in the region.

The Chamber of Mines and Petroleum has also confirmed its council and executives following its 35th Annual General Meeting, and Mr Anthony Smare was again elected President unopposed.

We also take a look at Newmont's recent purchase of Newcrest through the Australian Stock Exchange, which will impact the operations of the Lihir and Wafi-Golpu gold mines.

Also, we examine the Porgera Gold Mine's lengthy process to recommencement, and it's clear PNG needs all these mines working to kick its economy into high gear.

Finally, on our cover we feature the launch of the 650-million-kina Edevu Hydro Power Plant in the new Hiri Koiari District of Central Province.