Briefs

Business

‘Promote work’
HEAD of Papua New Guinea Extractive Industries Transparency Initiative (PNGEITI) Lucas Alkan has told stakeholders in the extractive industries to promote its work to derive best value from the industry. He opened the upper highlands regional consultation on a proposed law to transition the PNGEITI into a statutory authority.

Project talks hailed
PNG Chamber of Mines and Petroleum president Anthony Smaré, has applauded the Government, Petroleum Minister Kerenga Kua, ExxonMobil PNG and their joint venture partners for agreeing to reengage in negotiations on the P’nyang project in Western. “In light of the extremely challenging economic conditions in PNG, the P’nyang and Papua LNG projects need to start to create jobs, bring in foreign exchange and provide opportunities for PNG businesses.”