AGP Executive Report
Last update: 7 hours agoMining: Ok Tedi has approved a long-term plan to extend operations beyond 2050, saying continued production would support jobs, exports and government revenue. The company also expects to fully fund the Misima gold redevelopment, which is targeting first production in 2030–31 and could operate for about 20 years. Development Finance: PNG and China have signed agreements covering a K5 billion portfolio of nine projects, including a 15-megawatt solar plant in Hela, hospital facilities and telecommunications upgrades. Energy: Papua LNG is reported to be on track for a December final investment decision, while campaigners are urging insurers not to back gas expansion near the Coral Triangle. Business and Jobs: PNG is seeking regional investment to grow fisheries, processing and aquaculture, while Australia-PNG partnership funding is helping a women-led coffee exporter buy stock and meet orders.
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