#mayur resources

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In Brief: Concern about changes to investment laws and other business stories

In Brief: Concern about changes to investment laws and other business stories #PNG

Business concern about Papua New Guinea’s new foreign investment laws, a new strategy to develop the financial sector and Oil Search CEO receives award. Your weekly digest of the latest business news.

The current ‘value chain’ built over the years on the back of both local and foreign investment runs the risk of being broken if government goes through with its passage of various bills and…

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In brief: Kumul Petroleum says Oil Search shares sell-off costs US$254 million, and other business stories

In brief: Kumul Petroleum says Oil Search shares sell-off costs US$254 million, and other business stories #PNG

Sonk says Oil Search share sale a matter of cutting losses, tourism brings in only US$105 million in the first half of 2017, and Lae businesses downturn about 30 per cent, says business leader. Your weekly digest of the latest business news.

An IFC-ledsurvey has revealed tourists spent US$105 million in PNG during the first half of 2017 with each visitor spending US$2558 per trip on an average.…

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In brief: More than just a Supplementary Budget needed says UN Country Manager, and other business stories

In brief: More than a just Supplementary Budget needed, says UN Country Manager, and other business stories #PNG

United Nations’ Trivedy says Supplementary Budget is essential but not enough, Telikom and bmobile merger approved, visas for SME workers on hold. Your weekly digest of the latest business news.

Roy Trivedy

Plans for a Supplementary Budget, announced by the government, are essential but not enough, says the UN Country Representative Roy Trivedy. He reportedly said the government must also look at…

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Sufficient coal in Papua New Guinea to supply a 50-megawatt power station for 30 years, says Mayur Resources

Sufficient coal in PNG to supply a 50-megawatt power station for 30 years, says Mayur Energy #PNG

A drilling campaign covering 1.5 km in Papua New Guinea’s Gulf Province has revealed there is enough high quality coal to run a 50-megawatt power station for 30 years, according to Paul Mulder, CEO of unlisted Brisbane-based miner, Mayur Resources. Mayur Resources’ Paul Mulder. Credit Mayur Resources. Mayur Resources has rights to explore a 120 km stretch of land in Gulf Province, close to the…

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