K92 Mining Inc. is pleased to announce that the Board of Directors has authorized the Company’s award of the engineering, procurement, construction and commissioning (“ EPC ”) Lump Sum Contract for the 1.2 million-tonnes-per-annum (“ mtpa ”) Stage 3 Expansion Process Plant to GR Engineering Services Limited (“ GRES ”) following a tender process. The EP...

Kumul Petroleum, Papua New Guinea’s national petroleum and energy company, formally welcomed 12 young professionals into its ranks as this year’s graduate development programme intake, in a small ceremony. Welcoming the new graduates, KPHL managaing director Wapu Sonk said, “You are joining the organisation at the right time, since Kumul Petroleum is c...

Prime Minister Hon. James Marape on Thursday, July 27, 2023, met with the United States Secretary of Defense Lloyd J. Austin III as Papua New Guinea and USA continue to work at taking their deepening bilateral relation to the next level. The visit by Secretary Austin to Port Moresby and his meeting with PM Marape is a follow-up to the signing of two si...

The Marape Government has ambitious plans to escalate palm oil production through enhanced collaboration and equity participation of all stakeholders in the palm oil industry, according to Oil Palm Industry Corporation (OPIC) General Secretary, Kepson Pupita. He made this announcement during his address at the Council of Palm Oil Producing Countries (CPOP...

The Papua New Guinea (Hong Kong, China) Chamber of Commerce (PNGHKCCC) will be officially recognized by the Government of Papua New Guinea (PNG) on October 15, 2023, during a welcome dinner which will be hosted by the chamber for the PNG delegates who will be attending the upcoming inaugural PNG-Asia Investment Conference in Hong Kong on October 16-17. Th...

An agreement was reached recently between the Ministry and the Department of International Trade and Investment, and the Shenzhen Government and private sector for the new Papua New Guinea (PNG) trade mission to be in a very prestigious office building in Shenzhen. “To have a trade mission in China is a very historic decision made by our Government and...

The Governor for Guangdong Province of China, Wang Weizhong said his Government was already working with a local airline company, the China Southern Airlines to open direct flights between Port Moresby and Guangzhou following his discussion with Prime Minister, Hon. James Marape during his visit to Port Moresby in July this year. Governor Weizhong said th...

Papua New Guinean marine services company Pacific Towing (PacTow) is assisting Australia’s Pacific Marine Group (PMG) with the upgrade of two major PNG ports.  PacTow’s commercial dive team completed work at the Alotau provincial wharf in Milne Bay Province in May and is part way through similar work  in Manus Province.  The two port upgrades are part of ...

In a difficult job market, characterised by skill shortages, businesses are constantly seeking innovative solutions to streamline their recruitment processes while fostering social responsibility. PNG CR, formerly known as Red Sea Housing Company PNG, has harnessed the potential of technology and community engagement by teaming up with Wan PNG, an innovat...

The PNG Chamber of Mines and Petroleum (“the Chamber”) is pleased to welcome on board Touchstone NDT Limited as its newest member. As a new service member Touchstone NDT Limited like all other service members can participate in Chamber events at discounted offers which adds more value to their business by networking with other service members as well a...

Papua New Guineans are paying 100% more for rice than they should be, according to a local commercial rice company, Rigo Rice. Rigo Rice has been growing and selling rice for the last five years in their small commercial farm at Rigo in Central Province. They sell their rice to wholesalers for K3 plus GST. Owner of Rigo Rice, Mr. Jeffery Kennedy said the ...

The first step towards reopening of the new Porgera Mine has started today following a Security Forum where leaders and security forces appealed to warring tribes surrounding the mine to stop their tribal conflicts, which affects the mine, businesses and the Porgera Valley. “The National Government is working day and night to ensure the mine is reopene...

Prime Minister Hon. James Marape emphasised the potential of rugby league as a potent "unifying force" for Papua New Guinea during his address at the Australian National Rugby League (NRL) Bid Corporate dinner in Port Moresby on Wednesday, July 19, 2023. The event took place as PNG seeks to secure its position as the 18th team in the NRL for the 2025 s...

President and CEO of Barrick Gold Corporation, Mark Bristow, has on Monday (17.07.23) met with Prime Minister Hon. James Marape to discuss recent progress and the status of the matters remaining to be completed in anticipation of the reopening of Porgera Mine. Prime Minister Marape welcomed Mr Bristow’s statement that Barrick was committed to PNG “for ...

Prime Minister Hon. James Marape has expressed his appreciation to the Department of Works and Highways for their outstanding efforts in nearing the completion of the Trans-National Highway Corridor Missing Link between Aseki in Morobe and Epo in Gulf. Prime Minister Marape commended the dedicated teams of the Department of Works and Highways for their...

PNGX Group, operator of Papua New Guinea’s national stock exchange, has welcomed the statement by Minister for International Trade and Investment, Hon Richard Maru MP, to seek to increase the size of the Papua New Guinean capital market to over 500 billion kina in the next 4 years. Minister Maru outlined the objective when announcing the new PNGX Corpo...

The people of Pimaga, in Kutubu, Southern Highlands Province, were the proud recipients of a brandnew literacy library presented by Santos through the Santos Foundation, signifying the company’s strong commitment to its project impact communities. At the official opening ceremony at Pimaga in June, over 2000 people gathered at the Kawama Foursquare chu...

The long-overdue Central Chamber of Commerce and Industry (CCCI) is now set up with an interim board and is poised to deliver change in the Central Province by working with the Central Provincial Government (CPG). This was announced on Friday, 14th of July 2023, with another historic moment as CCCI received a boost of Kina 200,000 to assist in establis...

Santos has maximised its sponsorship of the Papua New Guinea Chief of Defence Force Rugby Cup Tournament to advocate an end to family and sexual violence. The campaign for ‘Happy Homes, Healthy Mindsets and Mission Focused’, was rolled out to Papua New Guinea Defence Force (PNGDF) personnel at Igam Barracks in Lae by Santos Foundation in close partners...

Minister for International Trade and Investment, Hon. Richard Maru says he is pleased that the Asian Development Bank (ADB) has already started on the design work of the Wewak and Vanimo international wharves which will be completed by January 2024 according to the ADB Country Manager, Mr. David Hill. “These wharves must be given absolute priority beca...

On the 6th of July, 2023, Petroleum & Energy Minister Hon. Kerenga Kua, officially signed the Memorandum of Approval for transfer; of a 2.58% equity share from the operator of the Papua LNG project TotalEnergies EP PNG (TEP PNG) to JX Nippon Oil & Gas Corporation. Witnessed by the joint venture partners of the Papua LNG project, , as well as St...

Chief Secretary to Government, Ivan Pomaleu informed participants of the High Level Seminar Workshop on Connect Papua New Guinea that projects under the program are designed to improve connectivity to our people in rural areas. In his closing remarks, Chief Secretary Pomaleu said access to quality basic services for our more than 1,000,000 people livin...

K92 Mining Inc. is pleased to announce production results for the second quarter (“ Q2 ”) of 2023 at its Kainantu Gold Mine in Papua New Guinea, of 30,794 oz AuEq or 27,405 oz gold, 1,526,547 lbs copper and 34,001 oz silver, representing an increase of 18% from Q2 2022 and 43% from Q1 2023, respectively. Sales during the quarter were 28,141 oz gold, 1,657...

Prime Minister Hon. James Marape expressed his enthusiasm, describing the signing of a memorandum-of-understanding (MOU) between RD Fishing Group (RDFG) of the Philippines and the Papua New Guinea Government as a “historic milestone for the country.” The MOU was signed during a ceremony by RDFG, the National Fisheries Authority (NFA), Kumul Consolidate...