Photo of: Tasman Samuel, General Manager, Colony Papua New Guinea Colony is a 100% independent, full-service strategic communications agency that had its inception in Asia-Pacific in 2012. So, it’s only befitting that for the first time ever Colony were a Diamond Sponsor of the 36th Australia Papua New Guinea Business Forum and Trade Expo along with K...

Swire Shipping serves the many communities in the Pacific which are directly impacted by global warming. “With many communities at risk of disappearing we must take action to drive change. We are committed to reducing our GHG footprint, ultimately to net zero by, and preferably well before, 2050,” said James Woodrow, Managing Director, The China Naviga...

Kina Bank is pleased to announce the appointment of Judith Ugava-Taunao as Chief of Staff reporting directly to the Chief Executive Officer. In this new senior leadership role, Judith will take a position on the Executive Committee, demonstrating Kina’s continued commitment to promoting PNG women into leadership roles. Judith joins Kina Bank with a dis...

Ok Tedi Mining Limited (OTML) launched its COVID-19 Vaccination Roll-out on Friday 21st May in Tabubil, Western Province. The launching marked the first batch of 1,000 doses of the AstraZeneca vaccine which OTML received from the National Department of Health on Wednesday 19th May. OTML Managing Director and Chief Executive Officer Musje Werror with...

The Bank South Pacific Financial Group Ltd has had its application to join the Australian Securities Exchange (ASX) accepted. The bank will be listed on the ASX this week, according to Group Chief Executive Officer Robin Fleming, and shareholders will be able to transfer partial shares to the ASX. “We were listed on the PNGX (PNG Stock Exchange) in ...

In the first quarter of 2021, South Pacific Financial Group Ltd recorded a net profit of K203 million. According to the bank, this is a 2.6 per cent decrease from the first quarter of 2020, owing to a decrease in net insurance revenue and a rise in computing costs. Some highlights included net assets of K3.6 billion, a cost to income ratio of 40.3 p...

Weir Minerals is proud to announce another major order of Enduron® HPGR in Gold application with our valued Customer IAMGOLD. An Enduron® HPGR with rolls measuring 2.4 m x 2.4 m (length : diameter) will be installed at IAMGOLD's Côté Gold Project. This will be the largest HPGR in Canada and the largest in the world in a gold hard rock application. W...

  New analysis lays out the scale of the mining industry’s energy use and identifies ways it can be reduced using currently available technologies Materials such as copper, lithium and nickel play an essential role in the technologies like electric vehicles and renewables that will help the world meet its decarbonisation targets As demand for th...

According to South Pacific Brewery managing director Ed Weggemans, the national isolation strategy's ban on the selling of alcohol has resulted in a sales loss of K21.46 million. According to Weggemans, this amounted to an 85 per cent drop in the volume of sales in the closed channels, which would have provided K17.08 million in excise duty and K4.38 m...

 PNG Biomass is Oil Search’s renewable energy and sustainable tree farming business. Subject to a final investment decision, PNG Biomass will be Oil Search’s first targeted investment into the energy transition. Establishing a renewable energy and sustainable development project in the Markham Valley in Morobe Province is a strategic and sustainable di...

Despite a challenging year amid the global Covid-19 pandemic, the Kina Bank Group has recorded strong economic growth for the 12 months to December 31, 2020. This was the message from Greg Pawson, Managing Director and Chief Executive Officer of Kina Bank. “We have delivered planned business growth across all of our existing businesses this year, de...

‘It is a big year for Atlas Steel PNG, a local company, who is introducing Modular Houses – a new product to the PNG market during the second quarter of 2021. Business Development Manager Aliraza Agai said: ‘Modular Houses are a new addition to our Building Division which is already the largest supplier of steel buildings across PNG for the residential...

Ark Pacific has cleverly engineered its flat pack buildings to guarantee a minimum freight footprint for its clients.  Unlike competing products, six of Ark’s high quality flack pack units are equivalent to a single standard 20 foot shipping container when stacked together ready for transport.  Not only are freight costs drastically reduced (by up to 75 p...

For the fiscal year 2020, Steamships Trading Company posted a profit of K78.9 million. This represents a 57.7% increase from the company's financial year 2019 figures. Consort's better efficiency, along with small contributions from the other logistics companies, helped to offset a loss in Coral Sea Hotels and a weaker outcome for Pacific Palms Prop...

The role of the procurement team in PNG will evolve and change in 2021.  These changes will come off the back of some unforeseen issues which may not of been as pertinent prior to the pandemic. Due to regulatory penalties, unprecedented disruption caused by COVID, an increase in raw materials, high demand in shipping and an increase to freight prices d...

Caption: From Top Left: Issac Kwetok, OTML’s new Deputy General Manager for Processing, Hillary Turnamur, now Manager Process Operations, Beverly Pasen (Manager Finance), David Laulau (Manager Mine Technical Services), Dexter Wagambie (Manager Kiunga Operations), and Rueben Lapin who is now Manager of Business Continuity. As part of its vision to grow ...