The European Union has taken a significant step towards fostering sustainable development in Papua New Guinea (PNG) with the launch of the 2024 (Neighborhood, Development, and International Cooperation Instrument) NDICI Civil Society Organizations and NDICI Human Rights program. This initiative invites both civil society organizations and international...

The Philippines and Papua New Guinea (PNG) are eyeing possible cooperation on critical minerals and fisheries sectors, Foreign Affairs Secretary Enrique Manalo said Thursday. After his bilateral meeting with PNG Foreign Minister Justin Tkatchenko, Manalo said the Philippines is eager to explore opportunities and “new forms” of partnership with the Paci...

Papua New Guinea (PNG) will maintain its position of last 10 years to not be part of PACER Plus, says the Minister for International Trade and Investment, Hon. Richard Maru. Minister Maru made this statement in his first meeting with the new Australian High Commissioner to PNG, His Excellency John Feakes. Minister Maru said: “I want to make it very cle...

Freeport Resources Inc. is pleased to announce that, with the recent Yandera license renewal through 2025, the Company has commenced an internal project optimization review while discussions continue with potential strategic partners to advance the Yandera Copper Project to Definitive Feasibility Study. “There have been a number of new breakthrough adv...

St Barbara Limited provides the following production update for the March 2024 quarter (Q3 FY24). Simberi produced 17,257 ounces of gold in the March quarter, at an average milled grade of 1.63 g/t Au and gold recovery of 77%. Mill and rope conveyor availability are yet to reach targeted levels, however as anticipated mined grade improved during the qu...

Papua New Guinean shareholders of New Porgera Mine stand to receive well over K26 billion over the 20-year life of the mine, with more than K11 billion expected in the first 10 years, if gold price keeps at its current rate. Prime Minister Hon. James Marape announced this after this latest meeting with Barrick Gold Corporation President and Chief Execu...

James Marape, the Prime Minister of Papua New Guinea and Patrick Pouyanné, Chairman and CEO of TotalEnergies, met together to discuss the status of the Papua LNG project. On this occasion, Patrick Pouyanné reaffirmed to the Prime Minister that TotalEnergies, operator of the project, and its international partners ExxonMobil, Santos, JX Nippon, are full...

Prime Minister Hon. James Marape has met with recently-appointed President and Chief Executive Officer of Newmont, Tom Palmer, in the National Capital recently. Mr Palmer paid a courtesy call on PM Marape at his office in Sir Manasupe Haus to update him on his visit to the country, which is primarily to Newmont’s mining sites to “understand the operati...

Weir, the global leader in technology driven mining solutions and sole manufacturer of Linatex® premium rubber, has introduced new branding to their iconic red rubber. Linatex® premium rubber is renowned for its unparalleled wear life and total cost of ownership benefits, this new enhancement is a definitive stand against imitators selling inferior red ru...

Papua New Guinea's Carbon Market Regulation Initiative promises significant benefits for local communities, as it negotiates for a 50- to 60-percent range of benefits from developers. Guided by the Climate Change Development Authority (CCDA) under the Paris Agreement Act, these regulations aim to address climate change issues while ensuring economic st...

One of the greatest challenges for the global community is to sustainably conserve our environment while attracting investors for resource development. A pivotal moment in this ongoing endeavor unfolded with the recent visit of National Executive Director of French Development Agency (AFD) Philippe Orliange, resulting in a high-level dialogue on the de...

In an empowering move for local agriculture and economic growth, Prime Minister and Treasurer Hon. James Marape has announced a significant K5 million funding to the Markham District Development Authority (DDA) in Morobe. This substantial investment is targeted at the development of the cocoa industry among other economic ventures, aligning with the surge...

This year’s Business Conditions Index indicates a positive path for growth, as revealed in the 2024 CEO Survey. Westpac Bank PNG Ltd Senior Economist Justin Smirk interpreted the results of the survey during the company’s recent sponsored breakfast at Stanley Hotel-Port Moresby on 20th March. The information offered clear insight into experiences in...

The Papua New Guinea Chamber of Resources and Energy (PNG CORE) recently hosted an Industrial Wind-Down Media Function, providing a pivotal networking platform for the resources sector. Held in Port Moresby on March 22nd, the event attracted nearly 100 attendees, comprising members, stakeholders, and media representatives, facilitating strategic collab...

Prime Minister Hon. James Marape today extended his gratitude towards Rio Tinto for its diligent efforts in conducting an effective legacy impact assessment for the Panguna mine and its affected communities. The meeting saw the attendance of Rio Tinto PNG Country Director Andrew Cooper, along with Deputy Country Director Cornelius Soagai. Prime Mini...

Prime Minister Hon. James Marape recently announced the Government’s determination to diversify Papua New Guinea’s fuel sources. This announcement came upon his return from a two-day visit to Singapore, where discussions were held with Puma Energies, the nation’s primary fuel supplier, and various other potential suppliers. The Prime Minister announced...

Santos is proud to partner with Telikom PNG in developing an evolving telecommunications landscape in the LNG and Santos project facilities and communities through a 10-year partnership. A Co-Location Agreement was signed between Telikom PNG CEO, Amos Tepi, and Santos Country Chair PNG, Leon Buskens this week in Port Moresby. This collaboration will be...

The Tourism Promotion Authority (TPA), through the International Visitor Survey (PNG IVS 2023) has reported a total of USD 120 million (PGK 400 million) generated by visitors travelling into Papua New Guinea last year. TPA’s 2023 Visitor Arrival Report and PNG International Visitor Survey Report revealed a notable surge in tourism, a 116 percent increa...

 The Government and the project partners for the US$12 billion (or K36 billion) P'nyang LNG project in Western signed the Fiscal Stability Agreement on March 18, 2024 in Port Moresby. [1] Prime Minister James Marape was present at the signing at the Government House, Konedobu. He expressed his gratitude and commendation to ExxonMobil, the project partn...

When it comes to producing, supplying and distribution of high-quality construction materials and project construction, look no further, as Monier Limited provides internationally recognized standards of services, contributing to the development of Papua New Guinea over the past 60 years. What sets Monier apart in PNG is its growth, experience, and exp...

The 39th Australia Papua New Guinea Business Forum and Trade Expo is set to bring together senior business and government representatives in an atmosphere away from the usual grind of daily business. Registrations are open for the event, which is to be held on Mon 13-Wed 15 May 2024, at the Sheraton Grand Mirage Resort, Gold Coast, Queensland. This eve...

In a significant development for tourism along the historical Kokoda Track, Tourism Promotion Authority’s (TPA) Chief Executive Officer, Eric Mossman Uvovo, was sworn in as the Deputy Chairman of the Kokoda Track Special Purposes Authority’s (KTA) Management Committee during a ceremony held at Stanley’s Hotel on Tuesday, March 19, Port Moresby.  The sw...

The Mineral Resources Authority (MRA) on Friday March 22, 2024, played host to a delegation from the Department of Mines of the Southern African country of Botswana. The MRA Managing Director Jerry Garry, welcomed the delegation and presented an overview of PNG's mining industry and the MRA and its functions. The delegation comprised of the Director...

After 50 years of diplomatic relationship between the Independent State of Papua New Guinea (PNG) and the Republic of the Philippines, the Trade Ministers of both countries have agreed for the first ever Trade Committee Meeting between the two countries to be held in Manila on June 17-18, 2024. The PNG Minister for International Trade and Investment, Hon....