AGP Executive Report
Last update: 9 hours agoPorts and Logistics: Lae’s South Pacific International Container Terminal reports 15% growth over the past two years and expects cargo volumes to rise further, driven by imports for development projects and strong mineral exports. LNG Investment: As the Government targets a December 15 investment decision on Papua LNG, a call for independent financial scrutiny highlights borrowing, construction and price risks; Prime Minister James Marape has separately assured about 800 landowner representatives that their benefits will be protected. Mining: Taruga Minerals has appointed Eric de Mori managing director as it prepares maiden drilling at its Weioko gold deposit on Normanby Island. Energy and Construction: Pacific Lime and Cement is seeking partners for a proposed 1.8-billion-litre fuel reserve near Port Moresby, while its cement project moves toward contractor selection. Agriculture: Erap coffee has drawn interest from 22 UK buyers, with eight discussing potential supply deals. Climate Risks: A strong El Niño is expected to bring dry conditions into 2027, threatening crops and raising bushfire risks in PNG.
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