A total of one hundred persons will be part of the first batch of Papua New Guineans to be sent to Australia as part of the Central Seasonal Workers Labor mobilization program under the initiative of Rufina Peter,  Governor for Central Province, and Central’s Manpower Recruitment Ltd. (CMRL). Screening is currently underway at the 5-Mile United Church ...

The European Union and the PNG- Europe Business Council Inc. launched on 1st August the 4th EU-PNG Business Trade and Investment Conference that will be held on the 30th of October, 2023 at Apec Haus. They also officially opened the PNG Europe Businesses Council website at the Lamana Hotel. Present to witness the occasion was the European Union Ambassa...

During questions without notice on the 9th of August, 2023 Rufina Peter, the Governor for Central Province, in a two-part question asked the Minister for Petroleum and Energy, Kerenga Kua, if a firm determination of gas reserve volume from the Elk/Antelope fields had been fixed and confirmed for future revenue, planning, and budgetary purposes. “Papua ...

In a transformative move towards enhancing the future prospects of Papua New Guineans, the Wan PNG platform is all set for its grand debut after several months of meticulous groundwork. With an unwavering commitment to address the challenges posed by skill gaps in the nation's workforce, the Wan PNG team has undertaken a dynamic journey, connecting with e...

President of the Autonomous Region of Bougainville Hon. Ishmael Toroama officially launched the Bougainville Vision 2052 and the Bougainville Integrated Strategic Development Plan 2023 – 2027 in Arawa recently. “I am very proud of the efforts by our government to create the Bougainville Vision 2052 and the Bougainville Integrated Strategic Development ...

Mayur Resources Limited is pleased to announce that it has executed a Term Sheet with Vision Blue Resources (“VBR”), a clean energy related investment firm led by Sir Mick Davis, for an investment of US$40 million for a 49% equity share in the Project. Mayur believes that the Proposed Investment will be sufficient to satisfy the total equity funding requi...

The experiences and impacts on social and economic ecosystems on local communities of mine closures of Bougainville and Porgera mines will feature during the program on Day 1 of CANCONEX in Lae on 28 August 2023. The Bougainville perspective will be presented by prominent Bougainvillean leaders Theresa Jaintong and Paul Nerau and the lessons from Porge...

Prime Minister Hon. James Marape warmly embraces the establishment of a United States Agency for International Development (USAID) Country Representative Office within Papua New Guinea. He also welcomed the backing of a substantial US$7.4 million (K25.4 million) from USAID. Prime Minister Marape asked USAID to ensure that this assistance aligns to the ...

Prime Minister Hon. James Marape expressed his satisfaction upon receiving the announcement that the monumental K770 million Edevu Hydropower Project, situated along the Brown River in Central, is set to commence operations next month. Having inaugurated the project in April earlier this year, Prime Minister Marape acknowledged the government’s collabo...

Support continues to grow for the inaugural Community Affairs and National Content Conference and Expo (CANCONEX), with leading landowner company, PNG Mining And Petroleum Hospitality Services Limited (PNGMPHSL) showing its support as a Platinum Sponsor for the national landowner event. Formed in 2015, PNGMPHSL is a fully owned Papua New Guinea based c...

The PNG Chamber of Mines and Petroleum (“the Chamber”) recently hosted its first ever Media Wind Down event, in Port Moresby on Friday July 28, 2023. Staged as a meet and greet event with the theme “To Connect, Communicate and Collaborate”, the event brought together public relations professionals within the mining and petroleum sectors, and journalist...

Ok Tedi Mining Limited (OTML) hosted esteemed representatives from Mitsubishi Materials Corporation (MMC), one of its leading customers of copper concentrate from Japan last week. Among the distinguished visitors were General Manager – Raw Materials Department, Mr. Hiroyuki Tsukamoto; Deputy General Manager – Raw Materials Department, Mr. Masahide Iwat...

‘FX market turnover in the June quarter rose 28% from the March quarter 2023 to PGK13.9 billion, due to a 58% increase in BPNG FX intervention,’ according to BSP’s June Quarter 2023, Pacific Economic & Market Insights report. “Excluding BPNG intervention, market turnover rose 12% in the June Quarter, but remains flat (unchanged) in 1H-2023 when com...

The Government, through BPNG, seeks to bring the PGK/USD exchange rate to the ‘market clearing’ rate, where the supply of currency can meet demand without BPNG intervention. “This will, in theory, allow for the free flow of trade particularly for imports. This is a necessary step by the Government for the market to function efficiently,” Mark Robinson ...

Warden’s Hearing for the Porgera Mine has been successfully concluded. The hearing was held at Paiam Oval in Porgera on July 31, and in Tari Town Square Hela Province on Aug 1, with regards to the Special Mining Lease (SML) 13 and 15 supporting tenements. Major stakeholders to the hearing process were the impacted landowners and the applicant New Po...

At Parliament House recently, Kumul Petroleum Holdings presented the Government with a dividend cheque for K250 million Handing over the interim dividend payment to Treasurer, Ian Ling-Stuckey, and SOE Minister William Duma, Wapu Sonk, Managing Director of Kumul Petroleum Holdings said, “KPHL is fulfilling the commitment it made in its 2023 Annual Oper...

Barrick Gold Corporation is aiming to restart operations at the Porgera gold mine later this year, president and chief executive Mark Bristow says. This follows the Security Forum and the opening of the Development Forum on July 20, a precondition for the granting of a special mining lease, by the Minister of Mining, the Hon Sir Ano Pala, at an event a...

Economies in the Pacific are projected to grow collectively by 3.3% in 2023 and 2.8% in 2024 as the subregion continues to recover from the COVID-19 pandemic, according to the latest issue of the Asian Development Bank’s (ADB) Pacific Economic Monitor (PEM) launched recently. In Papua New Guinea (PNG), the subregion’s largest economy, increased output ...

The Asian Development Bank (ADB) has appointed Said Zaidansyah as the Country Director for Papua New Guinea (PNG). Mr. Zaidansyah, who assumes office today, will oversee ADB’s country partnership strategy for PNG and wider engagement in the country. “Working with the Government of Papua New Guinea, we are committed to, among other things, helping rehab...

The Independent Consumer and Competition Commission (ICCC) has given the Newmont Corporation the green light to proceed with its proposed acquisition of Newcrest Mining Ltd. Newmont's Chief Executive Officer, Tom Palmer, expressed his appreciation to the ICCC in PNG for their meticulous review and clearance of the acquisition proposal for Newcrest, paving...

The State Negotiating Team for the proposed Joint Venture (JV) between the State and the RD Corporation met for the first time today to commence JV negotiations. Minister for International Trade and Investment, Hon. Richard Maru met with the team to give them the overall picture of what the Government wanted from this JV negotiations and what the team had...

Minister for International Trade and Investment, Hon. Richard Maru says he is happy with his visit to China recently. “Building on the sister-city relationship between Shenzhen and Port Moresby and the recent State visit of Governor of Guangdong, Wang Weizhong, I was happy to make my first official visit as the Minister for International Trade and Inve...

Prime Minister Hon. James Marape recently gave a gleaming report on Minerals Resources Development Company (MRDC) while describing it “very much the success story (Great) Grand Chief Sir Michael Somare wanted it to be”. PM Marape was tabling the financial accounts of the company in Parliament when he revealed that the company, founded by the late found...

Prime Minister and Foreign Affairs Minister Hon. James Marape expressed his enthusiasm for the goodwill visit of two large Indian naval vessels to Papua New Guinea, stating that it signifies a promising future for India-Papua New Guinea relations. The visit, closely following the historic presence of Indian Prime Minister Hon. Narendra Modi in May, reinfo...