Papua New Guinea experienced a remarkable year for gold production in 2024, with exports soaring by 14.8% during the first three quarters compared to the same period in 2023. These is according to the latest PNG Westpac Wailis Economic for February 2025 Report. Based on the report, PNG exported 34,200 tonnes of gold, with the export value increasing by...

Global coffee and cocoa prices have soared to record levels, driven by severe supply disruptions and adverse weather conditions in key producing regions, according to the latest Papua New Guinea Westpac Wallis, February 2025 Report. Coffee prices jumped 94% over the past year, with a 13.6% increase in the last month alone. Meanwhile, cocoa prices are 133%...

Westpac is proud to reaffirm its position as a pioneer in financial services across the Pacific by continuing its long-standing partnership with Verifone, a global leader in payment technology. This partnership, established in 2016, underscores Westpac's commitment to delivering innovative and efficient payment solutions to businesses in Papua New Guinea....

Prime Minister Hon. James Marape has issued a strong call to action for Papua New Guinea’s agriculture sector, urging an immediate shift from subsistence farming to commercial agriculture as a means of driving economic growth, job creation, and national self-sufficiency. Speaking after a high-level meeting with agricultural leaders and key stakeholders...

Prime Minister Hon. James Marape has commended the Ministry of Coffee, Ministry of Livestock, and Ministry of Oil Palm for their outstanding performance in 2024, highlighting their contributions to economic growth, rural development, and Papua New Guinea’s agriculture sector. Speaking after a meeting with Agriculture Minister Hon. John Boito, Coffee Mi...

Ok Tedi Mining Limited’s (OTML) Senior Aquatic Ecologist, Gilton Alimaka, recently participated in an intensive 24-day training in Perth Western Australia, conducted by Sustainable Leaders in Resources (SLR) Consulting. The training was focused on laboratory processing, taxonomic identification, and statistical methods for assessing aquatic organisms (...

Ok Tedi Mining Limited (OTML) has launched its University Talent Management (UTM) Application, designed to streamline the process for students intending to participate in OTML’s University Internship Program. This new application managed by OTML’s Training & Capability Development (T&CD) Department, aims to enhance the management of the Univers...

Ok Tedi Mining Limited (OTML) progressed its Community Mine Continuation Agreement (CMCA) Review Extension Process on February 17th 2025 with the continuation of its scheduled Regional Meeting #3 in Tabubil, Kiunga and Daru concurrently. The first week of the Regional Meetings #3 featured Lower Ok Tedi leaders in Tabubil, Suki Fly Gogo leaders in Kiung...

Digicel PNG recently announced a major milestone in its mission to enhance connectivity across Papua New Guinea. Since April 2022, Digicel PNG has significantly expanded its network, reaching all 21 provinces and the Autonomous Region of Bougainville, enabling more Papua New Guineans to get connected. Over the past two years, Digicel PNG has built 115 ...

Steamships Limited is proud to announce its continued support as a Gold Sponsor of the Hiri Moale Festival, scheduled to take place from April 3-6th 2025. The company has again pledged K100,000.00 to assist in the celebration of this iconic cultural event in the Capital City. The Hiri Moale Festival is an annual celebration that honours the rich herita...

Weir has entered into a binding agreement to acquire Mining Software Holdings Pty Ltd (“Micromine”), a company based in Perth, Australia, for a sterling equivalent enterprise value of £657m1 (A$1,310m). Micromine is a top-tier global software provider to the mining industry, with comprehensive solutions across the upstream mining value chain. It supports ...

The Minister for International Trade and Investment, Hon. Richard Maru, announced the acquisition of majority shares in the Sepik Fresh Poultry Farm by the Australian company Taylor Pacific. The investment, worth K30 million, marks an important expansion in Papua New Guinea’s poultry industry and strengthens the country’s goal of achieving self-suffici...

Papua New Guinea is set to showcase its trade and investment potential, cultural heritage, and tourism opportunities at the Osaka World Expo 2025, which will take place in Kansai, Japan, from April 13 to October 13, 2025. The Minister for International Trade and Investment, Hon. Richard Maru, announced this on February 28th in Port Moresby, emphasizing...

South Pacific International Academy (SPIA) has achieved great results in its first-ever Grade 8 national exams, with nearly half of its students earning Academic Excellence scores, the school said in a statement. Out of the 17 students who sat for the exams, SPIA said eight were recognized for Academic Excellence, while the remaining students performed...

Minister for Tourism, Arts, and Culture, Hon. Belden Namah, has launched the inaugural Papua New Guinea National Tourism Conference 2025, unveiling an ambitious vision to strengthen the country’s tourism industry through strategic investment, sustainability, and global promotion. The Conference is scheduled from April 9 to 10, 2025, at APEC Haus in Por...

A special audit into Papua New Guinea’s largest infrastructure initiative, the Connect PNG Programme, will commence in March following the signing of an agreement between the government and two independent firms. The agreement was signed on February 25 by Acting Chief Secretary to Government Ivan Pomaleu, Deloitte Touche Tohmatsu, and Norths Projects L...

Papua New Guinea's mining sector is set for significant advancement as Mayur Resources Limited recently secured a substantial capital injection to propel the Central Lime Project (CLP) forward. The latest AU$100 million (PGK 250 million) equity raise by Mayur signals strong investor confidence and underscores the Marape-Rosso Government’s vision for va...

The Minister for Mining Hon. Wake Goi on February 25 officially launched the Mining Bill 2025 for public consultation in Port Moresby at a formal event attended by members of parliament, government officials, industry stakeholders, landowner representatives, and the media. Minister Goi emphasized the bill’s importance, calling it a “historic milestone”...

The team leading the investigation into East New Britain Palm Oil Limited (ENBPOL) submitted its final report on February 27 to the Minister for International Trade and Investment, Hon. Richard Maru, in Port Moresby, the ministry said in a statement. The Deputy Chairman of the Investigation Team, Mr. Tony Waisi, handed over the report, marking the comp...

Education is a key factor in breaking the cycle of poverty, leading to a stronger workforce and economic development in the long term, the Member for Kerowagi District, Hon. Francis Kikin Siune, said. MP Siune said this on February 12 in unveiling a major education assistance initiative under the District Development Authority (DDA), committing K3.7 mi...

K92 Mining Inc. has announced the latest results from its ongoing maiden surface diamond drill program at the Arakompa prospect in Papua New Guinea. In a statement, the company said the drilling confirmed two significant high-grade gold veins, AR1 and AR2, along with extensions of a bulk tonnage zone, reinforcing the area’s potential for both undergrou...

Prime Minister Hon. James Marape has called for urgent global action against illegal fishing and the exploitation of Pacific fisheries, emphasising that Pacific nations have been stewards of the ocean for centuries. Speaking at the Honiara Summit on Sustainable Fisheries, he urged major global powers to take responsibility for their role in sea pollution ...

As Papua New Guinea approaches its 50th anniversary of Independence, the future development of the Kokoda Trail remains a hotly debated issue. At the center of the discussion is a government-backed initiative to construct 190 toilets along 95 campsites on the iconic trekking route. While the Papua New Guinea Tourism Promotion Authority (TPA) argues the...

The Hon. Jimmy Maladina, LLB, LLM, MP, Papua New Guinea’s Minister for Petroleum, has invited Italian energy giant Eni to explore investment opportunities in PNG’s petroleum sector, highlighting the country’s vast resource potential and upcoming licensing bid rounds for new exploration blocks. As part of the ongoing Production Sharing Contract (PSC) fe...