Photo: The PNG Business & Logistics Park provides tenants with the perfect strategic location and operational base for project staging.  Specialising in project cargo, the park and its port is ‘making business easy’ in PNG.  Pictured is one of the tankers that regularly transfer an average of 300,000 litres of fuel into a park tenant’s 5,000,000 litre...

The Investment Promotion Authority (IPA) has assisted a small bee farming business in Simbu Province with bee keeping equipment to help boost its production capacity. Bussy Honey & Integrated Farming is a family business owned by Mr. Mek Degene and his wife Mrs. Matri Degene and located in Ainanimin Village in the Tabare LLG, Simbu Province.  The c...

Photo credit: Investment Promotion Authority  The Investment Promotion Authority (IPA) has signed a Memorandum of Understanding (MOU) with the Eastern Highlands Provincial Administration (EHPA). The MOU paves way for the Eastern Highlands Provincial Administration to deliver IPA services through the Help Desk to be established within the Commerce Di...

The Department of Commerce, Trade and Industry reached another milestone recently when it signed a Memorandum of Understanding (MoU) with the Papua New Guinea (PNG) Tourism and Promotions Authority (TPA). The MOU paves the way forward for both parties to continue bilateral partnership based on the understanding of tourism and promotions in Bougainville...

The PNGEITI Head of Secretariat Mr. Lucas Alkan says all parties to the Pogera Mine must adhere to rules governing the extractive industry, particularly when dealing with fiscal matters that must be administered and observed according to law. His comments follow a news article on The National citing the Internal Revenue Commission (IRC) that unmet tax obl...

Photo: The Warman Slurry Pumping Handbook is the definitive guide for most slurry pumping applications. Weir Minerals, manufacturer of the industry-leading Warman®  slurry pump, has released the latest edition of their coveted Warman® Slurry Pumping Handbook. The 6th edition, compiled by the most trusted name in slurry pumps, features detailed engineer...

Photo credit: PNG LNG The PNG LNG project has generated K16.5 billion for the state over eight years of production (2014-2022). This includes K7.5 billion to Kumul from the state's 19.4% equity, K1.3 billion paid to the Mineral Resources Development Corporation, K0.8 billion in royalty payments, K0.7 billion in development levy payments, and K6.2 billi...

Ok Tedi Mining Limited (OTML) hosted a combined graduation ceremony in Tabubil on 27th January for 25 trainees under its Graduate Development Scheme (GDS) and Preferred Area Development (PAD) programs. A total of 15 trainees from various disciplines of Accounting, Electrical Engineering, Environmental Health, Geology, Human Resource Management, Informa...

Photo credit: PNG Chamber of Mines and Petroleum - Dr Albert Mellam, PhD PNG Chamber of Mines and Petroleum today announced the departure of Dr Albert Mellam, PhD, as the Executive Director of the Chamber, having served in this role for the past 5 years.  Dr Mellam is the first Papua New Guinean and second Director to head this peak industry body in...

Photo credit: PNG Office of the Prime Minister Facebook Page Prime Minister Hon. James Marape announced recently (Wednesday, January 25, 2023) that Papua New Guinea will host the World Indigenous Business Forum (WIBF) in October this year, 2023. The WIBF is a forum where indigenous people from all over the world like the New Zealand Maoris, American...

Photo credit: PNG Office of the Prime Minister Facebook Page Prime Minister Hon. James Marape has welcomed passage of the landmark National Trade Bill 2023 by Parliament. The landmark bill, unanimously passed by Parliament last Thursday (January 19, 2023) after much debate, was introduced by Minister for International Trade and Investment Hon. Richa...

Photo credit: International Trade and Investment Ministry of Papua New Guinea Facebook Page A full feasibility study on the bilateral trade between Papua New Guinea (PNG) and Australia will commence at the beginning of next month. This was announced by the Minister for International Trade and Investment, Honourable Richard Maru ahead of a PNG Australia...

Photo credit: International Trade and Investment Ministry of Papua New Guinea Facebook Page The team of rice investors from the Republic of the Philippines who arrived on Monday have chosen Gabadi in the Kairuku District of Central Province as the most ideal location for large-scale rice investment in Papua New Guinea (PNG), under the nucleus estate c...

Photo credit: International Trade and Investment Ministry of Papua New Guinea Facebook Page Minister for International Trade and Investment, Hon. Richard Maru has invited Indonesia through its Ambassador to Papua New Guinea, His Excellency Adriana Supandy to host the first ever historical PNG-Indonesia Trade Meeting this year in Jayapura, Indonesia. ...

Photo: Minister for Trade and International Investment, Hon. Richard Maru Special Economic Zones are a launching pad for economic development in the country, and the current government has taken a decisive stance under the leadership of current Prime Minister James Marape by setting up and legislating 18 SEZs in 2019. This policy was the brainchild ...

Photo credit: Paga Hill Estate The Yangoru-Saussia District in the East Sepik Province is undergoing a phase of significant and progressive transformation as local farmers will benefit from a direct cash injection that will see a new revolution in cocoa production. Currently, the Cocoa Board has reported that the district produced 9,000 metric tons ...

Photo: Luke Liria speaking at the official charity golf Launch Kumul Petroleum Holdings Limited (KPHL) is once again hosting its inaugural ANGAU Cancer Charity Golf tournament for the third year in partnership with Morobe Provincial Health Authority in Lae next month to support The National Cancer Treatment Center at Lae’s Angau Hospital. Luke Liria...

Photo: Sam Basil Junior. credit: Sam Basil Junior Facebook Page The alluvial mining sector is a fast-growing sector in Papua New Guinea, with more than 80,000 alluvial miners engaged in the sector, which also generates a significant amount of export receipts in millions of kina to the PNG economy annually. The Bulolo area in Morobe has been known fo...

Papua New Guinea has ceased issuing import permits for Australian and Asian raw poultry in a trade move some viewed as political maneuvering. A blanket ban was imposed on the importation of frozen chickens into the country to protect the billion-kina local poultry industry. PNG's Agriculture Minister Aiye Tambua announced that the ban will take effe...

Photo credit: K92 Mining Inc K92 Mining Inc is pleased to provide its operational outlook for 2023. The Company expects gold equivalent production of 120,000-140,000 ounces, while also delivering low-cost production with an estimated cash cost of $620-$680 per ounce gold and AISC of $1,180-$1,300 per ounce gold. Cash cost and AISC per ounce have increa...

Photo: Barrick Gold Corporation Chief Executive Officer Mark Bristow Barrick Gold Corporation Chief Executive Officer Mark Bristow has urged all PNG parties involved in the Porgera Mine reopening negotiations to complete the process by the end of the first quarter 2023. Bristow was in country as part of his quarterly visits to all Barrick owned and ...

Photo: Minister for Agriculture Aiya Tambua. Credit: Aiya Tambua LinkedIn Page Minister for Agriculture Aiya Tambua has announced the new price support for copra or coconut farmers in the country. Mr Tambua said brown coconut will now be bought at a price of K2, which is an increase of K1.1, while white coconut will be bought at K2.50, he said when ...

The National Government continues to embark on prioritizing its "Connect PNG Economic Road Transport Infrastructure Development Programme 2020-2040" with its delivery target set for 2040. This means by 2040, PNG will have access to 100 per cent road connectivity, connecting more than six million people to massive services and economic opportunities. Th...

Photo: Simon Sia and PNG SME Corp Delegates As the Government has placed more emphasis on Micro, Small & Medium Enterprises (MSMEs) and Small & Medium-Sized Enterprises in the country, Eastern Highlands Province launched its SME policy over the festive period. Governor for Eastern Highlands Simon Sia and delegates from the PNG SME corporatio...