CAPITAL MARKETS

Report: PNG budget to encourage mining investment

PAPUA New Guinea Treasurer Bart Philemon is expected to announce measures designed to reverse a slump in the country's key mining industry in his budget speech to parliament today, according to the <I>Australian Financial Review</I>.

Greg Tubby

High political risk and poor commodity prices have seen major mining groups such as BHP Billiton and Rio Tinto largely shun PNG, and the lack of exploration funds flowing into the country mean there are...

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