O’Neill to open in­vest­ment con­fer­ence in Syd­ney

Fiji Sun - - Business -

Prime Min­is­ter Peter O’Neill is ex­pected to open the 14th In­vest­ment con­fer­ence in Syd­ney on De­cem­ber 5, which more than 900 del­e­gates and ex­hibitors from re­source and ser­vice com­pa­nies will at­tend. Trea­surer Pa­trick Pru­aitch will make a pre­sen­ta­tion on the na­tional bud­get and next year’s fi­nan­cial out­look. Ac­cord­ing to the PNG Cham­ber of Mines and Petroleum, the con­fer­ence will be at­tended by rep­re­sen­ta­tives of Govern­ment or­gan­i­sa­tions, landowner groups, in­ter­na­tional in­vestors and fi­nanciers, and aid or­gan­i­sa­tions. M in­ing Min­is­ter Byron Chan and Petroleum and En­ergy Min­is­ter Nixon Duban will also at­tend. Cham­ber ex­ec­u­tive di­rec­tor Greg An­der­son said the con­fer­ence had al­ways been a sig­nif­i­cant event for the coun­try. It not only show­cases the coun­try’s min­eral and petroleum po­ten­tial to the in­ter­na­tional mar­ket, but also pro­vides in­vestors and fi­nanciers a fo­rum to meet in­dus­try play­ers and dis­cuss in­vest­ment op­por­tu­ni­ties. “De­spite the de­pressed global com­mod­ity mar­ket sit­u­a­tion and the im­pact this has had on the PNG econ­omy, there are some ex­cit­ing re­source op­por­tu­ni­ties emerg­ing in PNG,” An­der­son said.

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