Photo credit: PNG Chamber of Mines and Petroleum The Mineral Resources Authority (MRA) has commended St Barbara for the application of modern technology in the safe operation of its Deep-Sea Tailings Placement pipeline and in its fleet of heavy equipment at its Simberi mine. MRA Managing Director Jerry Garry, who visited Simberi mine for the very fi...

Photo credit: ADB The Asian Development Bank’s (ADB) transport investments in the Pacific are expected to reach over $1.6 billion, including $115 million in cofinancing, for 22 projects during the 2022–2024 period, according to the latest issue of the Pacific Transport Update launched today. The Pacific Transport Update 2022 provides an overview of ...

Photo credit: Adyton Resources Adyton Resources Corporation is pleased to report that its recent preliminary metallurgical test work program performed by leading Australian metallurgy company Core Metallurgy Pty Ltd confirmed that ROM (‘run of mine”) ore samples from the Gameta deposit upgraded well using a limited range of conditions and produced a co...

Photo: Mining Warden Kopi Wapa addresses local Wapolo Landowners Adyton Resources Corporation is pleased to report that it has successfully completed a Wardens Hearing for the renewal of Exploration Licence EL 2549. The Hearing, which is a mandatory processstep in the renewal for all exploration licenses in PNG, was conducted by senior Mineral Resource...

Photo credit: NFA The National Fisheries Authority (NFA) is focusing on Food Safety, COVID-19, and Pandemic Control Frameworks due to a considerable shift in global trading market requirements. Acting Manager for the Audit Certification Unit, Josephine Komboi, NFA, highlighted the importance of developing the National Fish and Fishery Products Stand...

After 20 years, the Department of Agriculture and Livestock intends to reorganise and construct a corporate and sector strategy. At the 4th World Food Safety Day, Acting Secretary Dr. Nelson Simbiken stated this. According to Dr. Simbiken, the key to reforming the department is to have a Corporate Plan and a Sector Plan, which DAL does not have. ...

Photo credit: Islands Business Although the economy has diversified, agriculture remains the backbone of Papua New Guinea's economy, providing a living for the majority of the people, according to Institute of National Affairs (INA) executive director Paul Barker. Agriculture, according to Barker, will be critical in securing PNG's economic and empl...

According to the Solar Energy Association of PNG, foreign investments in the energy industry are now focusing on green energy, but the country's institutional frameworks are insufficient to take advantage of the prospects. President Christian Lohberger said: “PNG was one of the first countries to sign the Paris Agreement on climate change and under our...

Photo credit: Asian Development Bank International flights will begin shortly at the new K28.8 million Vanimo Airport in West Sepik Province. This new facility was recently inaugurated. The government and the Asian Development Bank are contributing K70.1 million to renovate the airport terminal, runway, and other infrastructure (ADB). The new Van...

Photo credit: Ok Tedi Mining According to the company, Ok Tedi Mining Ltd (OTLM) will complete the shift from current lower grade ore to high grade ore sources, over the next 12 months. Musje Werror, managing director and chief executive officer of OTML, and Roger Higgins, board chairman, said they had hoped to see the transition by the fourth quart...

Photo credit: Ok Tedi Mining Ok Tedi Mining Limited (OTML) in conjunction with Mineral Resources Star Mountain Limited (MRSM) and the Landowners Royalty Trust Limited have launched the Star Mountain Museum Project with an official ground-breaking ceremony on May 25. This project is estimated to cost between K6 million to K7 million and is expected t...

Photo credit: Ok Tedi Mining - Mr Musje Werror The Coronavirus (Covid-19) pandemic hit OK Tedi Mining Ltd (OTML) hard in 2021, creating production losses and incurring significant costs, according to the company. Despite this, according to OTML's annual report for 2021, the company remained profitable, debt-free, and paid a K450 million yearly divid...

Businesses of Papua New Guinea’s private sector have expressed mixed views regarding the country’s economic outlook. The market prognosis, according to Kina Asset Management Ltd, remains unpredictable. In the company's recently issued 2021 annual report, board chairman Sir Rabbie Namaliu emphasised this. “In my last report to shareholders, I note...

Photo credit: K92 Mining K92 Mining Inc. is pleased to announce results from the ongoing underground diamond drilling of the Kora and Judd deposits at the Kainantu gold mine in Papua New Guinea. The results for the latest 116 diamond drill holes completed from underground into the Kora and Judd deposits are summarized in Table 1 and Table 2 below. T...

Prime Minister Hon. James Marape says his Government has paid off K400 million to complete the Yalu Bridge-Nadzab section of the Highlands Highway, paid off outstanding debts to contractors on the 9-Mile to Yalu Bridge section, and paid off the outstanding Papua New Guinea counterpart funding of the Nadzab International Airport. Roadworks come under th...

Photo credit: Kingston Resources - Figure 1: Misima Gold Project site layout Kingston Resources Limited  is pleased to advise that it has taken an important step towards bringing the Misima Gold Project into production with the completion of a positive Definitive Feasibility Study (DFS). The DFS confirms the potential for a large-scale, long-life, l...

Photo: Nasfund GM MES - Anne Wilson The National Superannuation Fund, Nasfund, is encouraging its members to utilize all Fund touch points, for all their superannuation queries. These touch points are 17 branch offices around the country, an online member portal and a dedicated call center on phone 1588 that allows convenient access of their choosing. ...

Photo credit: PNG Chamber of Mines and Petroleum Twenty employees from St Barbara Limited’s Simberi Operations observed the World Environment Day by planting more than 200 mangrove shoots (young trees) at Pikinur along the airport runway at Simberi, New Ireland Province. Led by the General Manager, Randy McMahon and the Environment team, the employe...

Photo credit: Loop PNG - Clarence Hoot  In the fourth edition of the Investment Promotion Authority's opportunity newsletter, published in April, managing director Clarence Hoot stated that it is a comfort to see that international borders have reopened. “As we start receiving international visitors into the country whether it be in tourism, busines...

Photo: Santos is in a strong position with the announcement of the next tranche of backfill gas to maintain PNG LNG production and the final investment decision on the Angore Development project. According to Brett Darley, Santos President Upstream Oil and Gas, who spoke at the recent Australia PNG Business Forum in Brisbane, the first gas from Ango...

Prime Minister Hon. James Marape has become one of the first world leaders to have a meeting with new Australian Prime Minister Hon. Anthony Albanese recently. PM Marape in Port Moresby had a 15-minute zoom meeting with PM Albanese in Canberra on his first day in office since the Australian Labour Party (ALP) won the national elections in Australia on ...

According to the Internal Revenue Commission, all workers earning at least K673 per fortnight would have their tax bills lowered by K42 per fortnight starting tomorrow (IRC). Commissioner-general Sam Koim stated in a public notice that the Government recently authorized an amendment to the Income Tax (Salary or Wages Tax) (Rates) Act, temporarily raisi...

Photo: Chinese Foreign Minister Wang Yi and PM Marape Prime Minister Hon. James Marape says Papua New Guinea is focused on strengthening economic relationships with China, particularly in downstream processing of raw materials for export. He said this on Friday (June 3 2022) after a meeting with Chinese Foreign Minister, His Excellency Wang Yi, the ...

Photo: Chinese Foreign Minister Wang Yi meeting with PM Marape on Friday Prime Minister Hon. James Marape says China-Papua New Guinea relations remain “solid and strong” since in 1976 when diplomatic relations between the two countries were forged. He said this on Friday (June 3 2022) after a meeting with State Councilor and Foreign Minister Wang Yi...