Port Moresby News
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A python hitched a ride on the wing of a Qantas Airways Ltd. flight to Papua New Guinea, prompting some passengers to shoot pictures and videos of the incident.
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A caller to Traffic Radio in Lagos, a city that has long been a byword for chaos, pollution and crime, complained that an illegal building blocking a drain is worsening floods in his neighborhood.
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Australia called for Papua New Guinea’s military chain of command to be restored amid reports soldiers staged a mutiny in the country’s capital, Port Moresby.
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U.S. Secretary of State Hillary Clinton arrived in Papua New Guinea to highlight anti-corruption measures and discuss the island nation’s plans to manage massive fields of petroleum and natural gas.
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Oil Search Ltd., Papua New Guinea’s largest oil and gas producer, said first-quarter revenue almost doubled on higher prices.
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Australian mining magnate Clive Palmer, who’s planning to build a modern replica of the Titanic, aims to start talks next year to sell stakes in a potential $8 billion natural gas project in Papua New Guinea.
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Nuveen Investments Inc. ’s David Iben has a pet peeve: index huggers.
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David Iben’s $589 million ING Value Choice leads the U.S. equities ranking. He’s betting on gold mining and energy stocks.
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Newcrest Mining Ltd. agreed to buy Lihir Gold Ltd. after sweetening its cash and stock bid to A$9.2 billion ($8.5 billion) to create the world’s fifth-biggest producer of the metal.
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Lihir Gold Ltd ., which agreed to a A$9.7 billion ($8.7 billion) takeover by Newcrest Mining Ltd., reported a 17 percent decline in second-quarter production as heavy rain affected mining at its African project.
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