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The PNG Chamber of Resources & Energy (PNG CORE) launched PNG Investment Week 2026 on Wednesday, 29 September, marking a major step in preparations for one of Papua New Guinea’s leading investment and business events.
Council President Anthony Smare, Events Chairman Mark McMonagle, Executive Director Richard Kassman and other Council members joined industry leaders, sponsors, stakeholder organisations, and public- and private-sector representatives at the launch. The Chamber confirmed that preparations for the Sydney event are well advanced.
Event Overview
PNG Investment Week 2026
K92 Mining Inc produced 49,776 ounces of gold equivalent in the third quarter of 2026 at its Kainantu Gold Mine in Papua New Guinea, marking its second-highest quarterly production result and taking cumulative output beyond one million ounces.
The Canadian-listed miner said production from July to September included 46,063 ounces of gold, 1.95 million pounds of copper and 55,746 ounces of silver.
The company reported record quarterly ore processing of 250,042 tonnes, an 82% increase from the same period in 2025 and an 11% rise from the second quarter of 2026. The average head grade was 6.6 g
Gulf and Central provinces have agreed to an 80:20 split of benefits worth K6.606 billion from the Papua LNG project, resolving a major dispute over the distribution of royalties, equity and development funding ahead of the project's targeted final investment decision in December.
The Tier 1 benefit-sharing agreement was signed at APEC Haus in Port Moresby on Oct. 8, following months of negotiations between the two provinces and the national government.
Under the arrangement, Gulf will receive 80% of the benefits, while Central will receive 20%. Gulf hosts the project's wellheads, wh
More than 66,000 people in Papua New Guinea and Bougainville are expected to benefit from two new renewable energy projects under Australia's REnew Pacific programme, which aims to expand access to reliable electricity in remote communities across the Pacific.
Australian Minister for Climate Change and Energy Chris Bowen announced the three new projects, including a third in Fiji, at a Pre-COP31 event in Fiji this week.
In Papua New Guinea's Oro Province, Sola PayGo and MiBank will deploy pay-as-you-go solar home systems, streetlights and education servers in 19 communities between P
Trukai Industries has presented K133,100 to the Morobe Provincial Agriculture Show (MPAS), renewing its support for an event it has backed for 40 years.
The cheque was presented to MPAS President Hans Merl at the Lae Showgrounds, marking another year of Trukai’s longstanding partnership with the show.
The Morobe Provincial Agriculture Show provides a platform for the agricultural community to come together to showcase produce, livestock, farming activities, businesses, and other developments within the sector.
For Trukai, the partnership is a natural fit given agriculture’s impo
Japan and Papua New Guinea have formalised grant assistance for a landslide-prone section of the Kokopo-Rabaul Coastal Trunk Road and a scholarship program for PNG public servants, strengthening bilateral development cooperation between the two countries.

The projects were formalised on Sept. 18 through the signing of an Exchange of Note and Grant Agreement between the PNG government and Japan, with implementation to be supported by the Japan International Cooperation Agency (JICA) under Japan’s official development assistance program.

The projects — t
The Morobe Provincial Government is restructuring its tourism board to strengthen coordination across the industry and give businesses and communities a greater role in developing tourism opportunities across the province.

The Morobe Provincial Executive Council has appointed a new Tourism Board to advise and support the Provincial Government and Administration, with its membership drawn from tourism, business, agriculture, transport and community sectors.

The new structure moves away from appointments based primarily on political nominations and is intended to es
Editor’s Note: In this issue, Michael McWalter, former Director of the Petroleum Division and Adviser to the Government of Papua New Guinea, and erstwhile petroleum adviser to the Governments of Ghana, Liberia, Cambodia, Sao Tome, and South Sudan writes about Liquefied Natural Gas. He is a certified petroleum geologist, and technical specialist in upstream petroleum industry regulation, administration, and institutional development. 

Natural Gas 

Many people in Papua New Guinea will have heard of LNG, but how many of us know exactly what it is?&nbs
Hastings Deering PNG showcased its long-standing commitment to Papua New Guinea's resources sector at this year's event, while highlighting the important role skills development and local capability continue to play in supporting the nation's growth.

A key highlight for Hastings Deering PNG was an exclusive visit from Prime Minister James Marape ahead of the official opening of the exhibition.

During his tour, Prime Minister Marape visited the Hastings Deering PNG stand. Accompanied by government ministers, industry representatives and members of the m
The Office of Workers’ Compensation (OWC) has taken a major step in its digital transformation, signing a contract with NiuPay Limited to design, build and support the new OWC Website Development Platform. The platform will give injured workers, their dependants, employers, insurers and insurance brokers access to OWC’s information and services 24 hours a day.
The contract was signed at OWC’s offices in Port Moresby on 2 October 2026 by Chief Commissioner Mr Martin Pala and NiuPay Business Development Manager Ms Kristina Kekedo, following a competitiv