Machinery Action Group introduces a prime opportunity for businesses seeking peak efficiency—a low-hour Volvo L120H wheel loader/tool carrier, now available for purchase. Key Features: Year: 2020 Hours: 2819 Advanced Features: Boom Suspension CDC Steering Volvo Assist with Scale Quick Coupler and Bucket Autolube System Michel...

Papua New Guinea’s peak body representing the mineral, resources and energy sectors on 13 November officially announced its new name and unveiled its new logo. The former PNG Chamber of Mines and Petroleum (“The Chamber”) has formally transitioned to its new name, the Papua New Guinea Chamber of Resources and Energy (“PNG CORE”), following the approval...

Prime Minister Hon. James Marape officially confirmed that Papua New Guinea will take part in the 2025 Osaka World Exposition in Japan, an event set to host 150 countries and 25 international organisations. Prime Minister Marape emphasised that PNG's participation in this global event will have a significant impact, leading to diversification in the ex...

Prime Minister Hon. James Marape, on Wednesday, November 8, 2023, expressed his heartfelt appreciation to outgoing Australian High Commissioner H.E. Jon Philp for his immensely productive four-year tenure in Papua New Guinea. Mr. Philp, who began his eventful tour of duty in early 2020, marked the conclusion of a tenure that has significantly contributed ...

Prime Minister Hon. James Marape announced today that the government has granted initial approval for the establishment of a Rice Special Economic Zone (SEZ) in the country. This groundbreaking development may include a joint venture between the State and Rigo Rice. Prime Minister Marape underlined the government’s commitment to kickstart a substantial...

Prime Minister Hon. James Marape said that the Government is expected to make a major announcement concerning the Wafi-Golpu Mine project in Morobe. This eagerly awaited announcement is set to take place during the forthcoming PNG Mining and Petroleum Conference scheduled for next month in Sydney, Australia. The Prime Minister said this during a press ...

The Papua New Guinea Chamber of Mines and Petroleum (“The Chamber”) participated in the recently concluded National Development Forum. The Forum, organized by the Consultative Implementation & Monitoring Council (CIMC), brought together stakeholders from across the public and private sectors, as well as civil society and development organizations, ...

The global financial landscape has seen a rapid transformation in the last decade, driven by a growing emphasis on environmental sustainability. In this new era, institutions, businesses, and individuals are increasingly recognising the rewards from integrating environmental, social, and governance (ESG) factors into their investment decisions. This co...

In the dynamic workplace environment of Papua New Guinea (PNG), first aid training is not only a responsible choice but also a legal requirement. St John Ambulance is passionate about teaching first aid because every life matters, and no one should suffer or die due to a lack of basic medical knowledge. By equipping the people of PNG with essential ...

Prime Minister Hon. James Marape has officially welcomed Newmont Corporation, the world's leading gold company, into Papua New Guinea. He made the welcome, Monday, November 6, 2023, during a joint press conference with Mr. Peter Toth, Chief Development Officer of Newmont, marking the company's acquisition of all Newcrest operations in PNG. Prime Minist...

Historic Mining-Industry Acquisition Sets the Standard for Gold and Copper Mining Newmont Corporation has announced it has completed the acquisition of Newcrest Mining Limited to create the world’s leading gold company with robust copper production. “Today marks a historic milestone in our company and the industry with the successful completion of t...

The Autonomous Bougainville Government is opening its doors to foreign direct investment from developed nations such as Australia, New Zealand, Japan, China, the United States, and European nations, President Ishmael Toroama said in a statement on 31 October. “The government recently declared Bougainville open for business, but this is a specific call ...

Mayur Resources Limited is pleased to announce the execution of an Investment Agreement with Vision Blue Resources, led by Sir Mick Davis, for a proposed investment of US$40 million for a 49% equity share (the Proposed Investment) in Mayur’s Central Lime Project (CLP). The execution of this long form Investment Agreement formalises the Term Sheet annou...

A leadership delegation from the owners of the Frieda River Copper-Gold Project met with senior executives from PNG’s Mineral Resources Authority (MRA) and the Conservation Environment Protection Authority (CEPA) to discuss the permitting of the project and the best practice environmental standards the project is committed to delivering. Operated by Pa...

PNGX Group, operator of Papua New Guinea’s national stock exchange - PNGX Markets, welcomes Newmont Corporation (PNGX Code: NEM) to the market. Newmont will be the first company to be listed in PNG using depository interests, known as PETS Depository Interests (“PDI”). Newmont has interests in the Lihir gold operation and the Wafi-Golpu gold and cop...

Bougainville’s current special autonomy status grants it a unique position within Papua New Guinea, exempting it from certain laws that apply to other provinces in the country. This was a vital distinction highlighted by the Chief Secretary of the Autonomous Bougainville Government, Shadrach Himata, at the MTDP Alignment Workshop hosted by the National...

Prime Minister Hon. James Marape expressed his heartfelt gratitude to the Asian Development Bank (ADB) for its unwavering support to Papua New Guinea during a meeting with the newly appointed ADB Country Director, Mr. Said Zaidansyah. “Welcome to Papua New Guinea, and I hope that during your time here, you will contribute to a better Papua New Guinea,”...

Prime Minister Hon. James Marape reinforced Papua New Guinea’s global identity as a “forest nation” during the official launch of the K210 million European Union-funded Forestry, Climate Change and Biodiversity (EU-FCCB) Programme. Prime Minister Marape extended his heartfelt gratitude to the European Union for this, and various other projects, includi...

Prime Minister Hon. James Marape has urged the Bank of Papua New Guinea (BPNG) to play a pivotal role in the creation of a K200 billion economy that will help define the future of Papua New Guinea. The Prime Minister's remarks came during his participation in the grand 50th anniversary celebrations of BPNG, which took place in Port Moresby on Wednesday, N...

Prime Minister Hon. James Marape has applauded Air Niugini on its order and impending acquisition of 11 new aircraft that promises a much-improved service to Papua New Guineans and travelers within and outside of the country. Prime Minister Marape gave the applause as he commended the national flag carrier on its continued dedication to aviation safety...

Papua New Guinea (PNG) is ready to grow its trade and investment relationship with the European Union (EU), says the Minister for International Trade and Investment, Hon. Richard Maru. Minister Maru said this in his welcome address at the 4th EU-PNG Business, Trade & Investment Conference in Port Moresby. “We welcome the theme of this year’s confer...

Minister for International Trade and Investment, Hon. Richard Maru is calling for establishment and commercialization of the kava industry in Papua New Guinea (PNG). Minister Maru made this call after learning from the two Fijians who attended the 14th World Indigenous Business Forum in Port Moresby recently that the demand for kava in Fiji and the Pacifi...

iPi Catering, a subsidiary of the iPi Group, completed its Kitchen Operations training program with members of the Papua New Guinea Defence Force (PNGDF), This monumental achievement resulted in 18 men successfully completing their training. iPi Group’s chief executive officer Peter Long expressed delight in delivering the course and commended the p...

Business sentiment is apprehensive due to service disruptions, lower foreign exchange (FX) inflows, likely delays in project commencement and the kina depreciation, according to BSP’s Quarter 3 2023 Pacific Economic & Market Insights report. BSP’s Group General Manager for Corporate Banking, Mr. Peter Beswick, says “recurring power and water supply...