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...

Prime Minister Hon. James Marape has reiterated the need for major interventions by the government to save struggling State utilities companies PNG Power, Air Niugini and Water PNG, as he witnessed his Treasurer present a K200 million funding to Kumul Consolidated Holdings (KCH) recently. After a four-hour long meeting during which the Prime Minister w...

Prime Minister Hon. James Marape expressed his support for the newly formed Independent Commission Against Corruption (ICAC) today, heralding it as a significant milestone in the fight against corruption. The commission gained momentum with the recent arrival of three highly qualified and experienced ICAC Commissioners. Recognising the devastating impa...

On October 16th & 17th, 2023, Papua New Guinea will take center stage at the inaugural Papua New Guinea–Asia Investment Conference in Hong Kong, organized by the PNG Chamber of Mines and Petroleum with support of, and in partnership with, the National Government. PNG Chamber of Mines and Petroleum (“the Chamber”) President Anthony Smarè made these ...

Papua New Guinea's recently launched Medium Term Development Plan IV (MTDP 4) has been described as ambitious by the World Bank, stating that a developing economy like PNG needs a clear plan to address issues and grow the economy. MTDP 4 stands as the roadmap for the Marape-Rosso Government in pursuit of its ambitious development agenda to incorporate ...

In starting a new era that has been proposed to see inclusive growth, the Papua New Guinea Government is planning to increase its economic incentives, according to its newly-released Medium Term Development Plan IV 2023–2027. The plan envisions a “strategic shift” in budget allocations based on 12 specific priority areas of the government that is poise...

With just under six weeks to the start of the inaugural Community Affairs and National Content Conference and Expo (CANCONEX), Landowner Groups and Landowner companies are being encouraged to ensure they register their participation. When providing an update on preparations for CANCONEX2023, PNG Chamber of Mines and Petroleum President Anthony Smarè en...

Steamships Trading Company Ltd (Steamships) and GFS Limited are pleased to announce the launch of a new joint venture partnership, and the establishment of Gulf Maritime Services Limited (GMS) with the MOU being signed on Wednesday 14 June.  GMS will provide marine, quayside and land logistics services to Papua LNG and more broadly to the Gulf Province...

PT Citilink, an Indonesia airline will now commence flights to and from Port Moresby and Indonesia. Minister for Transport & Civil Aviation Walter Schnaubelt confirmed this in a media statement last week. PT Citilink Indonesia has met all requirements under the PNG Civil Aviation Act as a foreign air operator to commence flights to and from Port...

Earlier in May and in the first week of June, the Papua LNG Project team successfully updated local and international business houses in Papua New Guinea (PNG) the status of the Project, as well as crucial information regarding Upstream Project packages of interest. Two information sessions in the form of breakfast events, were held in partnership with...

The Asian Development Bank (ADB) and the governments of Australia and Papua New Guinea recently commissioned the Alotau Wharf as part of the cofinanced Building Resilience to Climate Change in Papua New Guinea (PNG) project, which has upgraded Alotau Wharf to improve safety and make it less vulnerable to climate change. Papua New Guinea’s Deputy Prime ...

Prime Minister Hon. James Marape has issued a directive recently, (Sunday, July 9, 2023) mandating all Government departments and agencies to align themselves with the Medium-Term Development Plan (MTDP) IV (2023-2027), which was launched on Friday, July 7, 2023. Under the directive, Prime Minister Marape stressed the importance of immediate action and...

Prime Minister Hon. James Marape recently announced the inaugural Papua New Guinea-Asia Investment Conference, scheduled to take place in Hong Kong on October 16-17, 2023. The conference will be hosted by the PNG Chamber of Mines and Petroleum (PNGCMP) and will serve as a platform for government and business representatives from China and other parts of A...

Prime Minister Hon. James Marape expressed his utmost satisfaction with the State Visit of Indonesian President H.E. Joko Widodo to Papua New Guinea on Wednesday, July 5, 2023, describing it as a “resounding success.” Prime Minister Marape recently (Thursday, July 6, 2023) highlighted the significant achievements resulting from President Widodo’s visit...

Minister for International Trade and Investment, Hon. Richard Maru announced the launching of a new Capital Market product, a Debt Security or local bonds. This Capital Market product will be available on the Debt Market immediately. The companies who want to issue bonds must contact Papua New Guinea National Stock Exchange (PNGX). “I have the powers u...