Photo credit: Post Courier - Treasurer Ian Ling-Stuckey  Treasurer Ian Ling-Stuckey said the Papua New Guinea government had launched a K350 million package to assist households with the rising cost of living. He stated that the government will do so responsibly, striving at a temporary decrease with expenditures restricted to K350 million as part o...

Two important documents as part of the important milestones to be ticked off by the State and its project partners were signed today at the Government House this morning. The Prime Minister delayed his scheduled visit to Oro Province this morning to observe this important signing. These are the Deed of Amendment to the Porgera Project Commencement Agreeme...

Photo credit: Asian Development Bank After 2 years of recession caused by the coronavirus disease (COVID-19) pandemic, the Pacific is expected to return to positive growth this year, according to the Asian Development Outlook (ADO) 2022, ADB’s flagship economic publication, which was released today. The economies of ADB’s Pacific developing member c...

To fulfill its commitment to diversity and inclusion, St Barbara, operator of Simberi gold mine in New Ireland, has announced a generous parental leave package for its employees. Women staff can now take four months fully paid maternity leave to recover from pregnancy and childbirth while bonding with their babies while the men are entitled to 15 days ...

The National Government has granted a Special Purpose Lease to Newcrest’s wholly owned subsidiary Lihir Gold Limited (LGL), which now allows the company to develop the Londolovit Township on Lihir Island further. Minister for Department of Lands and Physical Planning, Mr John Rosso, handed over the Special Purpose Lease (SPL) for Portion 1021 in Lihir,...

According to James Marape, the 2022 General Election will go place as planned and will not be postponed. He stated this to calm worries that the polls will be postponed, which had been fueled by speculation and bogus news on social media. “The elections will not be delayed and will go ahead as scheduled,” PM Marape said. “We are working together ...

According to the Independent Consumer and Competition Commission (ICCC), there are still concerns with internet price regulation in the nation. Following consumer complaints over the costs of retail broadband internet services, the ICCC launched a preliminary investigation into the industry. Consumers were concerned that PNG DataCo Ltd price reducti...

Photo: The Maramuni Road at Maramuni Station James Marape claims that his government's trademark 'Connect PNG' program links rural Papua New Guinea like never before. He remarks when unveiling the K15 million 57-kilometre Maramuni Road, which connects Maramuni to Wabag, and launching the Enga-Sepik Highway, which would connect Maramuni to Karawari i...

Photo credit: Australian Infrastructure Financing Facility for the Pacific Australia will provide $158 million for repairs and refurbishments to Papua New Guinea's electricity and transportation networks under the Australian Infrastructure Financing Facility for the Pacific. A $86 million finance package for the Laitim Hauslain project to upgrade na...

Photo: Judah Waffi (Head of Special Projects – Nasfund) & Saliya Ranasinghe (CEFI Executive Director) The National Superannuation Fund (Nasfund) Limited signed a Memorandum of Understanding (MoU) with the Centre for Excellence in Financial Inclusion (CEFI) on March 31, 2022.  This MoU is a 12-month partnership between Nasfund and CEFI that enabl...

Through the rural electrification on grid initiative, more over 56,000 people in Rigo, particularly in Hula communities in the Central Province, now have access to power. The project was successfully completed thanks to the New Zealand Government and PNG Power Limited. The overall cost of this project, according to Rigo MP Lekwa Gure, is $9 million ...

According to the British High Commission in PNG, Papua New Guinea's specialty coffee has consistently received top cupping scores for its unique and distinctive single-origin Arabica coffee. The coffee was pushed by the UK's trade partnerships programme (UKTP), which was provided through the International Trade Centre, Banz Kofi, and the PNG Coffee Ind...

With a one-on-one meeting and bilateral discussions with President Widodo, James Marape ended his Official State Visit to Jakarta, the capital of the Republic of Indonesia. PM Marape has extended President Widodo an invitation to visit PNG later this year on behalf of the PNG government. He stated that the two nations' ties must now shift away from ...

Photo: Major Richard Elizah from the PNG Defence Force (left) receives Commissioner General’s Certificate of Excellence from Ambassador Joshua Kalinoe, who officiated at the PNG Expo2020 Pavilion Closing Dinner on behalf of the Minister for Foreign Affairs and International Trade, Hon. Soroi Eoe. Major Elizah is seconded from the PNGDF as Logistics Manage...

Since 2003, the Japanese government has provided K19.2 million to encourage rice production in East Sepik and Madang, according to Nobuyuki Watanabe, the Japanese Ambassador to Papua New Guinea. “K11.2million was funded in the first phase of the promotion of smallholder rice production project from December 2003 to November 2008,” he said. “Another ...

Photo: Credit Guarantee Corporation The Bank of Papua New Guinea has launched the Credit Guarantee Corporation to help sustain and increase the growth of the Small to medium enterprise (SME) sector. Small businesses in Papua New Guinea will now leverage on the Credit Guarantee Corporation (CGC) to grow their businesses. The Credit Guarantee Corporat...

Photo: Peter Laigaard Jensen, Senior Vice President & Group General Manager - Coral Sea Hotels & Hospitality Radisson Hotels Coming to Papua New Guinea - Grand Papua Hotel Joins Radisson Individuals Coral Sea Hotels has announced an exciting new partnership with Radisson Hotel Group for Grand Papua Hotel to become a member of Radisson Indivi...

Photo credit: K92 Mining  K92 Mining Inc. is pleased to announce results from its financial statements for the three and twelve months ended December 31, 2021. Safety Strong focus on safety with zero lost time incidents (“ LTI ”) in the fourth quarter. Since the start of operations, Kainantu has had one of the best safety records in the Austra...

Photo: Figure 1: Feni Island – showing Kabang drilling area – other prospects also shown Adyton Resources Corporation is pleased to report that petrology work carried out on the highly successful diamond drill hole ADK004 (see TSXV Release 01 December 2021) supports the existence of two styles of mineralization – a shallower epithermal style overprinti...

Photo: Weir Minerals Engineer configuring the Synertrex® IntelliWear™ panel Intelligent equipment monitoring provides pipeline operators with increased control over performance and maintenance schedules, reducing operating costs and unplanned downtime. Weir Minerals, global market leader in premium technology and mining solutions, is launching Syner...

Papua New Guinea’s second country validation on implementing the Extractive Industries Transparency Initiative (EITI) Global Standard commences on Friday, April, 1st, 2022.  Head of the PNGEITI National Secretariat Mr. Lucas Alkan says the “validation” is intended to assess the impact EITI implementation has made in the country in terms of addressing s...

Launched in 2015, the Certificate IV Leadership & Management Course has positively strengthened and impacted the professional carrier of 299 Papua New Guinean women who are employed across different industries. The course has grown from strength to strength. This year, the course will be delivered online in partnership with Tafe Queensland, a move ...

Photo: Weir Minerals Synertrex® Monitoring Centre in the UK Weir Minerals has announced a new partnership with XMPro, a leading digital twin platform. The partnership will enable intelligent equipment and services and support miners to achieve higher performance while also reducing the environmental footprint of their operations.  The XMPro platform...

Santos recently released its 2022 Climate Change Report which sets out our climate transition strategy and action plan to become a net-zero emissions[1] energy and fuels business by 2040. The Climate Change Report features the following milestones for Santos’ journey to becoming Net Zero: New 2030 targets of a 30 per cent reduction in absolute em...