The hydrocarbon industry in Papua New Guinea is moving so quickly at the moment that I usually don’t bother posting all the interesting articles I read. However, “this new article in Euromoney.com”:http://www.euromoney.com/Article/2173612/CurrentIssue/71519/Papua-New-Guineas-pipeline-to-change.html?ID=71519&p=1 is pretty in-depth and helpful for discussing what is going on macroeconomically in the country.
“Lihir has stopped production for the time being for landowner issues”:http://www.reuters.com/article/rbssPreciousMetalsMinerals/idUSSYD39339920090126. Ouch.
Somehow with Taiwanese politicians having their careers ruined over PNG diplomacy scandals and egregious witchcraft killings in the highlands and developments with PNG’s big hydrocarbon projects you’d think I’d have something else to say but in fact the one newspaper article I have to blog about or else I’ll forget it is in fact that [...]
The Globe and Mail is running a longish article on “Papua New Guinea and China’s New Empire”:http://www.theglobeandmail.com/servlet/story/RTGAM.20081231.wyorkchina0103/CommentStory/International/home. The piece begins with a description of China’s ‘new empire’ and its use of soft power, especially in Africa, and ends with a discussion of the Ramu nickel mine. It is an interesting piece, although not as interesting [...]
According to Inmet “the Ok Tedi strike is over”:http://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUSN1439327920080314 and over at the “Sydney Morning Herald”:http://www.smh.com.au/news/world/png-pm-to-step-down-after-40-year-career/2008/03/15/1205472171792.html Michael Somare says he is stepping down. I do not keep my finger on the beating pulse of PNG politics, but my bet is that he’s figured out that it will be easier to rock the cradle when he’s [...]
Its official — “Barrick is buying into Kainantu”:http://www.barrick.com/News/PressReleases/2007/BarricktoAcquireHighlyProspectivePropertiesinPNG/default.aspx.