About PNG

Papua New Guinea (PNG) is a commodity resource driven economy, and has large deposits of energy reserves including Liquid Natural Gas (LNG). The enormous PNG LNG Project is expected to start production in 2014.

It is also host to some of the largest mineral deposits in the world, including gold, copper, silver, nickel, cobalt, molybdenum and other base metals. As at January 2012, there are eight operating commercial mines in the country. They are the Lihir, OK Tedi, Porgera, Hidden Valley, Simberi, Sinvit and Tolukuma and the Ramu Nickel mines. Other development projects include the Yandera, Wafi Golpu, Frieda River mines. These projects are each individually worth billions of US dollars.

In addition to the projects already oulined, there are approximately 167 mining exploration leases and over 50 petroleum prospecting licenses granted over mainland PNG and its islands.

PNG also exports timber, fish, coffee, tea, cocoa, oil palm and copra.

PNG's convenient location and investor-orientated fiscal regime makes it attractive, especially to investors from Asia and Australia. The commodities-led economic growth has also spun off a wide range of business opportunities for both local and international investors.

The following web-sites have more information on Papua New Guinea:

Stock Market News and Updates

  • Monday 22nd May 2017

    U.S. U.S. stocks rose Friday for two sessions in row as a rally in industrials and energy sectors supported a broad market gain. However, the S&P 500 and the Dow Jones Industrial Average fell for a second straight week in a row amid ongoing political uncertainty in the wake of President Donald Trump's controversial firing of Federal Bureau of Investigation Director James Comey.

    The S&P 500 SPX, +0.68% gained 15 points, or 0.7%, to close at 2,381 while the Dow Jones Industrial Average DJIA, +0.69% added 141 points, or 0.7%, to end at 20,804. Both indexes fell 0.4% for the week. The Nasdaq Composite Index COMP, +0.47% climbed 28 points, or 0.5%, to close at 6,083, logging a weekly drop of 0.6%.



Education Centre

Let us help you gain knowledge in investing to maximize your wealth

Sign up to receive BSP Capital Research

Sign up for BSP Capital’s Research to help you make your investment decisions