Ok Tedi Mining Limited (OTML) Managing Director and Chief Executive Officer, Kedi Ilimbit announced a 2024 final dividend payment of PGK250 Million that will be paid in December, bringing the total dividends paid in 2024 to K450 Million. This announcement was made recently at a dinner event hosted to celebrate the Company’s 40th year of production afte...

Mayur Resources Limited is pleased to provide an update on construction activities at Mayur’s Central Lime Project in Papua New Guinea. Mayur continues to make progress at its Central Lime Project, advancing both Stage Two of its wharf and other early construction works. Over recent days, Mayur has taken delivery of essential equipment and materials ut...

The Commonwealth Business Forum (CBF) 2024, held in Apia, Samoa on 23–24 October as part of the Commonwealth Heads of Government (CHOGM) and associated meetings, marked a landmark event as the first such forum of Commonwealth countries hosted by a Pacific country (the last large global conference of comparable proportions held in Samoa was the Small Islan...

Prime Minister Hon. James Marape has congratulated Ok Tedi Mining Limited on its 40th anniversary while noting that the mine – on the verge of closure only a few years ago is now operational for another 25 years. The company held a dinner party on the evening of Thursday, 14 November 2024, in Tabubil to mark the occasion of their 40th anniversary. Alth...

Papua New Guinea, a nation known for its abundant natural resources, a strategic Pacific location, and untapped market potential, makes the country an attractive destination of opportunities for international investors. However, operating in PNG can be complex, with challenges such as managing a unique regulatory environment, overcoming logistical hurd...

Celebrating 70 years of manufacturing in Papua New Guinea this year, PNG Forest Products has long been an industry leader in Engineered Wood Products and is committed to building a better future through sustainable manufacturing practices.  All timber is sourced from renewable pine plantations managed by the PNG Forest Authority, with a focus on minimi...

Exploration is important for the future of Papua New Guinea’s mining sector, which plays a vital role in the nation's growth. Without continued exploration, the country will face a decline in mining activity, said Papua New Guinea Mineral Resources Authority Managing Director Jerry Garry. “And if there is no exploration, there will be no mining in this...

PNG Ports Corporation (PNG Ports) is actively pursuing new business opportunities and courting new investment partners.  The company is repositioning itself from being ‘all about ports’ to also being a major player in the country’s commercial and industrial real estate sector.  This repositioning and appetite for new and different business is evident in P...

The Weir Group PLC (Weir), a global mining technology leader, has been awarded contracts to supply its market-leading WARMAN® slurry pumps and CAVEX® hydrocyclones to Teck’s Highland Valley Copper (HVC) Mine Life Extension (MLE) project in Canada. Teck’s Highland Valley Copper Mine Life Extension Project aims to extend the mine’s operational life by en...

Remington Technology celebrated the launch of the new Konica Minolta bizhub iSeries multifunction devices on Thursday 7th November in Port Moresby, featuring the latest in simplicity, security, and sustainability for business technology. Attended by valued customers, suppliers, and Konica Minolta representatives from Australia, the event highlighted the c...

Santos CEO Mr. Kevin Gallagher recently called Papua New Guinea’s Liquefied Natural Gas (PNG LNG) project  a "world-class asset" that boasts a low-cost, low-emissions intensity profile. He told PNG Business News that the project continues to deliver reliable LNG supply to key markets in Asia, reinforcing its vital role in the global energy landscape. ...

At Sprint Networks, its journey is deeply rooted in the unique landscape of the Pacific Islands. More than a Managed Service Provider, the firm is a pioneer committed to reshaping the technology scene in this dynamic region. The company’s engagement extends beyond mere service delivery to a deeper understanding and “innovative solutioning” for the dis...

The Information Management division of APCS (Asia Pacific Communication Specialists) may be new, but it comes equipped with more than three decades of experience in PNG information compliance and governance. Better known across PNG for their expansive range of IT products and services, as well as business internet, APCS’s foray into the world of inform...

In celebration of the company’s 75th anniversary as a Caterpillar Dealer in Papua New Guinea, Hastings Deering PNG held an event in Port Moresby to commemorate the significant milestone. Members of the Hastings Deering PNG team, together with members of the broader Pacific Islands and Hastings Deering Executive Leadership Teams, came together with some...

Since 2007, the Head Hunters team has sourced and connected professionals worldwide to match their clients' talent and cultural needs. With a mission to connect organisations with top-tier talent, the firm leverages extensive industry expertise and a global database to deliver exceptional results, ensuring clients find the right candidates for key posi...

Tolu Minerals Limited has announced a successful placement, raising A$26.7 million (Australian Dollars) from sophisticated and institutional investors at an issue price of A$0.80 per share. In an exclusive interview, Tolu Minerals Managing Director and CEO Iain Macpherson told PNG Business News that this funding will significantly strengthen and accele...

Papua New Guinea is committed to strengthening its bilateral relationship with the United States in the coming years, with Prime Minister James Marape expressing confidence in future cooperation under the leadership of President-elect Donald Trump. PM Marape made the statement while congratulating Trump on his election as the 47th President of the Unit...

November is a month of global activism to take action and prevent all forms of violence against women. Joining this global agenda, more than 1,000 people wearing red walked the streets of Port Moresby with support from Puma Energy as major sponsors for the annual “Redvember Walk.” This officially launched the “United to End Violence Against Women (EVAW...

Santos has completed its sale of a 2.6% interest in the Papua New Guinea Liquefied Natural Gas (PNG LNG) project to Kumul Petroleum Holdings Limited (KPHL). The transaction, first announced on 29 December 2023 and detailed on 1 February 2024, was completed on 4 November 2024 and is worth US$602 million in cash (2.43 billion kina). In addition, Kumul wi...

Ark modular buildings are increasingly being chosen for mining and oil and gas camps due to their speed of assembly, low cost, high quality, and green credentials.  With a multitude of building configurations, Ark camps can be found throughout the world, including at some of its biggest LNG developments.  In 2010 Ark delivered its first LNG camp in PNG – ...

Prime Minister Hon. James Marape has opened a two-day forum on Technical and Vocational Education Training (TVET) in Port Moresby recently, describing it as a milestone achievement aimed at empowering Papua New Guineans to participate in the country’s economy. The multi-million kina ‘Improved TVET for Employment’ project is co-funded by three partners ...

Prime Minister Hon. James Marape has extended his congratulations to two newly appointed Vice-Ministers of State, who were officially sworn in at Government House. The two Vice-Ministers took their oaths before the Governor General, His Excellency Sir Bob Dadae. They are: Hon. Stanley Muts Samban (Wewak MP) – Vice-Minister for Defence Hon. Fran...

In an exclusive interview with PNG Business News, the newly appointed Minister for Mining, Hon. Wake Goi, shared his priorities, placing emphasis on transparency in regard to all mining deals done under his ministry.  "Any mining deals done under my ministry must be done with transparency," he stated. Minister Goi, now almost five weeks into his ten...

Remington Group is pleased to announce the appointment of Justin Kieseker as Chief Operating Officer, effective immediately. In this new role, Justin will oversee the operations of the Group’s entire Printer Division, which includes both Remington Technology and FX Business Centre. This expanded role marks an important step in Remington Group’s commitment...