Referring repeatedly to legal threats by Barrick Gold Corp., Prime Minister Papua New Guinea released a statement announcing that his government will be making a deal with the company in regard to the Porgera Joint Venture gold mine.
Barrick is offering the government of Papua New Guinea to pause legal proceedings upon signing of a framework agreement to reverse the decision not to grant it a licence renewal for its former Porgera mine.
Canada’s Barrick Gold said it would challenge the Papua New Guinea government alleged move to grant a 20-year lease for the Porgera gold mine to a state-backed firm.
The governments of Papua New Guinea and Australia signed the Papua New Guinea-Australia comprehensive strategic and economic partnership (CSEP).
Canadian miner Barrick Gold Corp said it served a dispute notice to the Papua New Guinea government over the country’s refusal to extend a mining lease in the Porgera valley.
The Chinese and Papua New Guinea governments are keen to move forward to get the free trade agreement (FTA) negotiations under way.
PNG and the United States of America are to sign the Trade and investment Framework Agreement (TIFA) which is close to being finalised, says US Ambassador.
PNG to call on EU for a review of the current interim Economic Partnership Agreement. PNG is ready to look into new investments, new industry developments, new commercial services, infrastructure for trade and increase volume of trade in goods.
Chinese President Xi Jinping called on the two sides to reach a consensus as soon as possible to start negotiations on a free trade agreement. Papua New Guinea was the first among Pacific island countries to sign a cooperation agreement on the Belt and Road.
The United Kingdom says it will honour the current Economic Partnership Agreements (EPA) with PNG and other ACP member states that have existing preferential trade relations with the European Union, after Brexit.
Samoa and Papua New Guinea will represent the Pacific at the Ministerial level central negotiating for the post-Cotonou agreement.
Papua New Guinea Prime Minister Peter O’Neill says he would like to explore the possibility of a free trade agreement between Fiji and PNG.
Papua New Guinea’s Prime Minister Peter O’Neill is arriving in China today for a week-long visit to strengthen ties with Beijing and to sign the controversial One Belt, One Road initiative.
The PNG government is doing some soul searching over whether to join the Pacer Plus free trade deal and potentially could sign up by the end of the year.
Papua New Guinea is believed to be on course to sign up to a Free Trade Agreement with China to promote bilateral cooperation and deepen cooperation in the ’One Belt, One Road’ initiative.
Fiji and Papua New Guinea have held talks with Britain to ensure trade isn’t disrupted post Brexit.
Papua New Guinea will sign the Melanesian Spearhead Group free trade agreement as soon as the leaders resolve some of the outstanding domestic trade-related issues.
The Papua New Guinea government’s fact-finding mission to India has resulted in the drafting of a Papua New Guinea-India economic partnership agreement.
PNG and Fiji’s unwillingness to participate demonstrates that the agreement is heavily skewed towards the interests of Australia and New Zealand.
Papua New Guinea has signed a series of infrastructure deals with China as part of Beijing’s One Belt, One Road initiative.