In the aftermath of widespread rioting and looting in Port Moresby, Prime Minister Marape announced a 14-day State-of-Emergency (SoE) in the National Capital District. The announcement came as a response to the unrest, and four high-ranking officials—Police Commissioner David Manning, Finance Secretary Sam Penias, Treasury Secretary Andrew Oaeke, and Pers...

In the aftermath of riots and looting in Port Moresby, Prime Minister Hon. James Marape has issued a heartfelt appeal to all Papua New Guineans, urging them to prioritise peace and normalcy. The Prime Minister expressed his deep concern for the unnecessary incidents that occurred. During a press conference held at Sir Manasupe Haus in Port Moresby, Pri...

The Papua New Guinea Investment Promotion Authority (IPA) as the investment promotion arm of Government and business regulator, has condemned the senseless attacks on business houses in Port Moresby and other centers around the country following the looting and burning down of shops and warehouses by the public whilst taking advantage of the stand down by...

Ok Tedi Mining Limited (OTML) announced a final dividend payment of PGK350 Million to its shareholders on 28th December 2023, bringing the total dividend to K450 Million for the year. The Company had declared an initial interim dividend payment of PGK100 Million on 26th October citing a positive outlook for a final dividend payment in December 2023. ...

Ok Tedi Mining Limited’s (OTML) Safety Manager, Anna Ila was the proud recipient of the Leader of the Year Award at the ‘Women in Safety’ Awards in Sydney, Australia on November 27th. Women in Safety is a network of women who are safety professionals in Australia and the Asia Pacific region. This network leads discussions on health and safety issues, c...

Steamships Trading Company Limited’s Managing Director, Rupert Bray, and Isikeli Taureka, Chief Executive Officer of Laba Holdings Limited, executed a Memorandum of Understanding that will lead to the creation of a new joint-venture company, Hebamo Transport. Hebamo Transport will focus specifically on logistical support to the resource industry. By co...

Santos is helping improve food security, quality of life and income opportunities for local farmers in its project impact areas through sustainable farming. In a partnership with Fresh Produce Development Agency (FPDA) and PNG Mining & Petroleum Hospitality Services (PNGMPHS), Santos Sustainable Development and Community Affairs teams work with fam...

A solar mini grid will soon be lighting up classrooms, dormitories, and teachers’ housing in Pimaga. Access to the electricity provided through this mini grid will transform the educational experience of young people and teachers at the Pimaga Vocational Education and Training (VET) centre. “For the first time we will have access to power, to suppor...

During the 2023 PNG Resources and Energy Investment Conference and Exhibition in Sydney last 11 December, Brett Darley, Santos Executive Vice President for Eastern Australia and PNG, highlighted Santos as one of Australia’s biggest domestic gas suppliers and a leading Asia Pacific LNG supplier. Darley expressed his gratitude to the PNG Chamber of Resou...

Representatives for the Mineral Resources Development Company (MRDC) and an ExxonMobil subsidiary signed a Jet Fuel Technical Services Agreement on the sidelines of the 2023 Papua New Guinea Resources & Energy Investment Conference this week in Sydney. Augustine Mano, MRDC Managing Director and CEO, said this signing unlocks the ability for MRDC to...

The National Government is taking strategic measures to address the depleting mineral resource inventories and decline in mineral exploration. Mining Minister Hon Sir Ano Pala told the 17th PNG Resources & Energy Investment Conference in Sydney Australia, that major operating gold and copper mines in the country would potentially reach the end of t...

Mining Minister Hon Sir Ano Pala recently presented the country’s mineral production outlook to a room packed with PNG and overseas delegates from government and private sectors, attending the 17th PNG Resources & Energy Investment Conference in Sydney. Minister Pala said PNG expected a strong total annual copper production for a period of over 30 ...

Policy reforms that strengthen legal frameworks will help Papua New Guinea (PNG) boost nontax revenues, says the latest issue of the Asian Development Bank’s (ADB) Pacific Economic Monitor (PEM).. “Subdued economic growth of 2% in 2023 is largely due to foreign exchange shortages, 20%–30% lower sales in various sectors, and a weakened contribution to g...

The Pacific economy is projected to continue expanding in 2023–2024, but supporting further growth requires additional government resources, according to the latest issue of the Asian Development Bank’s (ADB) Pacific Economic Monitor (PEM). Growth for the Pacific is forecast to be 3.5% in 2023 and 2.9% in 2024. Tourism-dependent economies including Fij...

Prime Minister Hon. James Marape has welcomed the reopening of Porgera Mine, which is set to officially restart under SML 13 on 22 December 2023 with New Porgera Limited (NPL) expecting its first gold in the First Quarter of 2024. Prime Minister Marape said New Porgera examplifies a new direction in the handling of negotiations with mining companies fo...

Prime Minister Hon. James Marape praised the dedication and efforts of the 300 contractors involved in the Government’s flagship ‘Connect PNG’ programme for generating employment opportunities for 30,000 individuals, including women, throughout Papua New Guinea. The Prime Minister conveyed his appreciation during the Department of Works and Highways’ C...

Prime Minister Hon. James Marape says the Government’s ‘Connect PNG’ programme will open up Papua New Guinea “like never before” by leveraging unprecedented resource developments. The Prime Minister outlined his vision during the Department of Works and Highways’ Christmas party in Port Moresby recently. “The next 17 years to 2040 will see us building,...

Prime Minister Hon. James Marape has outlined a bold vision for Papua New Guinea’s economic future in an address to the independent Australian think tank Lowy Institute.  He predicts a substantial surge in the country’s economy over the next decade, propelled by six major resource projects. The Prime Minister anticipates a remarkable milestone, reaching a...

Prime Minister Hon. James Marape reaffirmed the substantial progress made by Papua New Guinea since his inaugural address at the Lowy Institute in Sydney, Australia, in July 2019. Addressing the Lowy Institute on Monday, December 11, 2023, Prime Minister Marape outlined significant achievements and acknowledged persisting challenges that require attent...

Prime Minister Hon. James Marape recently highlighted Papua New Guinea’s allure as an investment destination, emphasising its unique status as “carbon-negative, at the 17th Papua New Guinea Resources and Energy Conference held in Sydney, Australia. This declaration positions Papua New Guinea as a frontrunner in environmentally conscious investment oppo...

Sykes Group, a leading name in the realm of dewatering pump solutions, is excited to announce the launch of its latest innovation, the Sykes / Primax XH250. Developed with the distinct requirements of the mining and quarry industries in mind, the XH250 is set to revolutionise dewatering operations in these sectors. Mines and quarries are continually ex...

by Henry Ivarature On 7 December 2023, the prime ministers of Australia and Papua New Guinea signed an historic security agreement in Canberra. It has taken approximately three years to conclude since both countries signed the Comprehensive Strategic and Economic Partnership on 5 August 2020, which committed the parties to develop a bilateral security ...

The 2023 Papua New Guinea Resources & Energy Investment Conference recently held in Sydney Australia was officially opened by Prime Minister Hon. James Marape. Prime Minister Hon. James Marape in his keynote address has acknowledged the collaboration with the private sector and the positive mergers and transitions that have occurred in the likes of...

Ok Tedi Mining Limited projects over K30 billion (US$8.0 billion) in Social Benefits, which includes taxes, royalties, and dividend payments, over the next 27 years. This is based on the company’s current Strategic Business Plan which includes Life of Mine (LOM) extension to 2050, ushering in significant sustainable development for mine operation impac...