The Tolukuma Mine in Central Province is set to reopen its mining operations after years of closure. However, local communities affected by the mine's previous operations are still concerned about environmental issues that may arise. The local MP for Kairuku, Peter Isoaimo, welcomed the news of the mine's reopening but expressed his constituents' concerns...

Photo credit: EMTV Kumul Minerals Holdings Ltd (KMHL) has made a significant contribution to the State, paying K105 million in dividends. The payment was handed over to State Enterprises Minister William Duma by KMHL Chairman Dr Ila Temu. Speaking about the dividend payment, Dr Temu said, "Kumul Minerals hold 67 per cent in Ok Tedi, through the Governm...

Photo: On January 17th, Ambassador Jacques Fradin met with Hon. Mannaseh Makiba, Minister for Bougainville Affairs, to discuss important matters of mutual interest. Photo credit: European Union in Papua New Guinea European Union (EU) shares the same values of nation building as Bougainville according to Ambassador Jacques Fradin, Head of Delegation to ...

Photo: State Enterprises Minister William Duma State Enterprises Minister William Duma has acknowledged that the state of the economy is a result of global events beyond the government's control. In his words, "We have just come out of a global pandemic, an ongoing war in Europe between Ukraine and Russia, and an increase in the price of oil and gas gl...

Photo: Westpac Bank Senior Economist, Justin Smirk. Credit: Westpac Bank The postponement of the Papua Liquefied Natural Gas (LNG) investment until next year will maintain the lack of foreign exchange as an issue this year, slowing down growth, said Justin Smirk, a senior economist at Westpac Bank. He noted that Papua New Guinea's economy was projected...

Photo: James Marape Prime Minister Hon. James Marape says the Pangu Pati-led Government he leads has “total belief and sees great value” in the provincial government system. PM Marape said this on Monday, March 13, 2023, at the end of the two-day Governors’ Meeting in Port Moresby. “We subscribe to decentralisation – which is deeply entrenched in...

Photo credit: PNG Forest Industries Association Prime Minister Hon. James Marape has called on logging companies, landowners and the National Forest Authority (NFA) to be involved in reforestation of areas that have been logged. He made the call on Friday, March 10, 2023, at remote Kurindal in Lasul-Baining Local Level Government (LLG), Gazelle, Eas...

Returning for its seventh year due to ongoing industry demand, the PNG Industrial and Mining Resources Exhibition and Conference (IMREC) will be held in Port Moresby this June. Acclaimed for bridging the gap for Papua New Guinea and Australia’s industrial relations, PNG’s IMREC will host respected industry delegates and over 100 exhibitors across two d...

Photo: Looking back: Happy memories with the locals at Yandera, Madang Province in 2014. From 2006 until 2014, the Yandera Project was owned and managed by the Australian company, Marengo Mining Limited, with Mr Les Emery as their CEO. (Photo credits: Mr Les Emery) The Yandera Project in Madang Province, PNG, is considered to be one of the world's larg...

Photo: James Marape The Department of Commerce & Industry has finalized the NEC Policy Submission on the Gold Bullion Policy and has submitted it to the NEC for endorsement. The Gold Bullion Policy is an initiative of the Marape-Rosso Government to ensure our non-renewable and renewable resources are properly harnessed to increase revenue streams t...

Photo: Theodist presenters in front of the 'Back to School CRV Promotion vehicle" Theodist Ltd has announced the winner of its Back to School CRV Promotion. Mr Lantan Dawaki was declared the winner on Saturday, 11 March 2023 at the Theodist Car Park Entrance. The promotion, which ran from January to the end of February, was open to customers who spent ...

Coral Sea Hotels & Hospitality is proud to announce the opening of two new ENZO’s Pizza outlets this week in Port Moresby. The two new locations include Downtown, on Champions Parade, and Jacksons’ Airport at the Domestic Terminal Carpark. ENZO’s Pizza Country Development Manager Sudeep Geethanandan said, “At ENZO’s. our vision is to be Papua New G...

Photo: Amazon Web Services officials speaking to UPNG students. Connected PNG commenced its Technology Summit on 7th March at Stanley Hotel and Suites starting off with 10 exhibitions and showcasing globally-recognized technology companies including Real Wear, Eset, Stulz, Signiflow, Seagate, Amazon Web Services, Digicel PNG, Schneider Electric, Pandit...

Photo: Kedi Ilimbit The Ok Tedi Mining Limited Board of Directors has appointed Kedi Ilimbit as the Acting CEO of the Company at its meeting on Wednesday 08th March. The appointment is in accordance with Mr Ilimbit’ s current position as the Deputy CEO and General Manager Community & Operations Support. The OTML Board acknowledges Mark Thomps...

Photo: Chief Censor of the Office of Censorship, Mr Jim Abani Papua New Guinea has been faced with cybersecurity issues and accessibility of indecent and harmful materials on the internet over the past couple of years. In light of this, Chief Censor of the Office of Censorship, Mr Jim Abani, has called for a public private partnership to tackle cybe...

The landowners of the Wafi-Golpu mine have issued a 14-day ultimatum to the government to respond to their grievances regarding the Infrastructure Development Grant (IDG) for this year, in which the state has allocated K100 million to the impact areas in the vicinity of the mine. The landowners, who arrived from Lae, have been in Port Moresby for over ...

Photo: NSL CEO and Deputy CEO in a recent radio interview. Credit: NSL Nambawan Super Limited is expecting a negative outcome on its 2022 returns as some of its investments have come under pressure due to the combination of high inflation, supply chain disruption, and the rise in fuel and energy prices. This also includes the introduction of the add...

Photo: Indian High Commissioner to PNG, Inbasaker Sundaramuthi Papua New Guinea is one of the best and most ideal places on earth for tourists. White sandy beaches, beautiful people, and local traditions are among some experiences the country has to offer to its visitors. Recently, Indian High Commissioner to PNG, Inbasaker Sundaramuthi, revealed th...

New Britain Palm Oil Limited has established and opened its new corporate office complex in the West New Britain Province. The new NBPOL Group headquarters was officially opened in a ceremony witnessed by dignitaries including Oil Palm Minister Francis Manake and Minister for Trade and Investment Richard Maru. The K20 million facility is situated at...

Photo: Panguna Mine - Credit: Ilya Gridneff/AAP The Department of Mineral and Energy Resources (DoMER) has set its strategic objectives for the next five years, according to Secretary Mr. Peter Kolotein. These are being captured in the Bougainville Integrated Strategic Development Plan (BISDP) 2023-2027 and the DOMER Strategic Plan 2023-2027 to be l...

Photo: The Autonomous Bougainville Government has had a major cabinet reshuffle and appointment of new Ministers. Three Ministers have been decommissioned with three new appointments to replace them and a reshuffle within cabinet saw several Ministers reassigned to new portfolios. President Hon Ishmael Toroama in welcoming the new Ministers and anno...

Photo: PM Marape and Ambassador Qian in Port Moresby Prime Minister Hon. James Marape has reaffirmed Papua New Guinea’s relationship with the People’s Republic of China in the ‘Friends to All; Enemy to None’ diplomatic policy when he welcomed visiting Special Envoy, His Excellency Qian Bo recently (07.03.23) to PNG. Ambassador Qian was appointed by ...

PNGX, Papua New Guinea’s national stock exchange, has today released a proposed new Corporate Governance Code for Listed Issuers for public consultation. PNGX is proposing to introduce a new Corporate Governance Code for the guidance of Boards of listed issuers. The proposed Code contains 17 Standards. Within each of the 17 Standards are a number of...

Santos recently announced the Papua LNG joint venture has launched fully-integrated front-end engineering and design (FEED) for the Papua LNG project in Papua New Guinea. Papua LNG is expected to have liquefaction capacity of up to six million tonnes of LNG per annum with first production expected by the end of 2027 or early 2028. Following pre-FEED...