Prime Minister Hon. James Marape celebrated the unveiling of the remarkable K794 million Nadzab Tomodachi International Airport on Monday, October 2, 2023, underscoring the enduring bond between Japan and Papua New Guinea. This project was made possible through a K692 million soft loan extended by the Japan International Cooperation Agency (JICA), with th...

Mayur Resources Limited is pleased to provide an update on the construction of the Central Lime Project’s (CLP) wharf infrastructure. Following construction commencing in June 2023, the inner rubble core of the wharf has now largely been completed. Mayur has continued to engage ‘lock step’ with the Regulator on the wharf infrastructure and will continu...

Central Province marked a milestone on the 27th of September 2023 as the Cocoa Board (CB) of PNG officially opened its Southern Regional Office in Port Moresby. The board also signed a Memorandum of Understanding (MoU) with the Central Provincial Government in a significant ceremony, which will now form a pathway for Central Cocoa Central Governor R...

As part of our commitment to education and the future of a skilled workforce in Papua New Guinea. Ok Tedi Mining Limited (OTML) is proudly supporting the University of Papua New Guinea's Earth Sciences Division in hosting the 2023 UPNG Geosciences Open Day with K5000. Scheduled for October 6th, 2023, at UPNG's Waigani Campus in Port Moresby, the 2023 U...

This year Wan PNG's had the honour of travelling to CANCONEX to share its message. At the event Wan PNG was able to engage with various enterprises operating in Papua New Guinea. Their proactive approach allowed them to connect with a multitude of sectors, including financial institutions like BSP, Moni Plus, and Nasfund; FMCG giants such as Paradise Food...

The Minister for Commerce and Industry, Hon. Henry Amuli MP, has told an international audience that Papua New Guinean businesses, including Small and Medium Size Enterprises require technological and financial strength to meaningfully participate in trade and investment, including in service industries like tourism. The Minister was speaking at the la...

Newcrest Mining Limited and the National Energy Authority (NEA) have formalized their collaboration by signing a Memorandum of Understanding (MOU) aimed at identifying, developing, implementing, and financing potential renewable energy initiatives in selected locations across Papua New Guinea (PNG). The signing ceremony, which marked a significant milesto...

Operator of the US$19 billion PNG LNG Project, ExxonMobil PNG has come onboard as the third platinum sponsor for the Inaugural Papua New Guinea (PNG)-Asia Investment Conference in Hong Kong. Hosted by the PNG Chamber of Mines and Petroleum under the theme ‘Partnership for Prosperity’, the PNG-Asia Investment Conference will take place at the Kowloon Sh...

K92 Mining Inc. is pleased to announce that it has entered into a loan agreement with Trafigura Pte Ltd, a market leader in the global commodities industry, pursuant to which Trafigura will provide a US$100 million senior secured loan to K92. In addition, the Papua New Guinea subsidiary of the Company, K92 Mining Limited, and Trafigura have amended and...

Through his participation, President Toroama is proud to announce the signing of an Infrastructure Agreement, which provides the framework to deliver critical infrastructures for Bougainville worth an estimated value of USD$4.8 billion (PGK17.5 billion) comprising government buildings, schools, hospitals, airport, sea ports, bridges, roads, power, telecom...

Prime Minister Hon. James Marape has told American government officials and the business sector that Pacific Island nations were not there in the United States to ask for Aid and grant but to negotiate for better business opportunities for themselves. Prime Minister Marape, who was the spokesperson for the Pacific Island nations, was speaking at a meet...

Prime Minister Hon. James Marape has used the opportunity of the 2nd US-PIF Summit to push for more follow-up action from the United States besides Security and Politics that he said must also encompass Trade & Commerce and other development areas. He pointed out that a “full” relationship between the two countries “must embody all other areas incl...

Prime Minister James Marape, today concluded the US-Pacific Leaders’ Summit and expressed his gratitude to the Biden Administration. The summit was an excellent opportunity for Pacific Island leaders to meet with President Biden and discuss issues related to mutual prosperity, security, and sustainability in the region. He said it is great to see th...

Mount Hagen’s first large scale, mixed-use development, Wonye Dobel is progressing well, as on Thursday 21st September, Steamships and Tininga Group of Companies sign an agreement to move forward with Phase II of the project. The capex investment worth an approximate K200 million is a joint venture with the Duckworth family of Tininga and was identifie...

Prime Minister Hon. James Marape is preparing to attend two significant overseas engagements in October – the inaugural PNG-Asia Mining & Petroleum Investment Conference in Hong Kong and the 3rd Belt & Road Forum for International Cooperation in Beijing, China.  Prime Minister Marape was being briefed recently by Chinese Ambassador to PNG, HE. ...

ABG President Hon. Ishmael Toroama announced a cabinet reshuffle, welcoming the swearing-in of Hon. Robin Wilson as the new Minister for Finance and Treasury in the Bougainville Executive Government.   President Toroama also revealed his assumption of the portfolio of the Minister for the Department of Mineral Energy Resources, previously held by Mi...

The National Government is committed to ensuring that the Porgera Mining Project commences operations before the end of this year. Mining Minister Hon Sir Ano Pala, said the government was in fact almost ready to grant the Special Mining Lease (SML) on 16 September, signaling the re-start of the mine. However, he said in the weeks leading up to that da...

Prime Minister Hon. James Marape recently extended a warm and formal welcome to the new British High Commissioner to Papua New Guinea, Her Excellency Ms. Angela Macro. The meeting took place in Port Moresby. High Commissioner Macro assumes her role succeeding outgoing High Commissioner Keith Scott, who will be embarking on another diplomatic assignment...

The Ambassador of the United Arab Emirates (UAE), His Excellency Jamal Abdulla Al Suwaidi, embarked on a significant diplomatic mission recently, paying a courtesy call on Prime Minister Hon. James Marape. This meeting followed the presentation of his credentials to Governor-General Sir Bob Dadae at Government House, Konedobu, marking a pivotal moment in ...

The Board of Ok Tedi Mining Limited (OTML) has approved in principle a further mine life extension from 2033 to 2050. This marks a significant milestone for OTML, its shareholders and for Papua New Guinea in general and is a sign of the confidence the Board has in the company's ability to deliver over the next two decades. The approval is based on t...

Prime Minister Hon. James Marape says the World Indigenous Business Forum (WIBF) which will be hosted in October is a cost-effective way to promote Papua New Guinea (PNG) as a production country. “APEC 2018 brought leaders; WIBF will bring actual practitioners of business. Don’t downplay the significance of this event. In fact, this is much bigger and ...

The Government of Papua New Guinea is set on establishing carbon-negative clean energy as its priority over crude oil and coal even as it takes its place among carbon-trading countries. Prime Minister James Marape revealed this recently at the Petroleum and Energy Conference at Hilton Hotel along with planned major legislative measures as PNG is set to...

The Government is set to make significant legislative changes in the energy sector, with plans to introduce a bill to establish the National Petroleum Authority in Parliament before the year's end, according to the announcement made by the Minister of Petroleum and Energy, Kerenga Kua, during the recent Petroleum and Energy Conference. Minister Kua out...

The Acting Managing Director of the Mineral Resources Authority (MRA) Jerry Garry, has urged the Porgera Mine landowners, to negotiate for infrastructure developmental projects, during the coming Community Development Agreement (CDA) negotiations. Mr Garry was speaking recently at the Enga Teachers College in Wabag, during the presentation of position ...