The Autonomous Bougainville Government (ABG), Bougainville Copper Limited (BCL), and Rio Tinto have signed a Memorandum of Understanding to address concerns around future risks of ageing infrastructure in the former Panguna mine area.  This collaboration comes in response to information obtained during field work forthe independent Legacy Impact Assess...

Addressing a diverse audience of analysts, regulators, environmental scientists, and industry professionals during the Geosciences, Exploration, and Extraction (GEE) 2024 Conference, the Mineral Resources Authority (MRA) Managing Director, Jerry Gerry, emphasized the critical importance of sustainable practices in harnessing Papua New Guinea’s rich minera...

An innovative partnership between the Australian Government and PNG-based accreditation provider Paradais Review Services is set to send six Papua New Guineans on a vital training program in South Australia.   Over a two-week program, these individuals will train as National Association of Sustainable Agriculture Australia (NASAA) Organic Inspectors...

PNG has and estimated 100 (m) million ounces of gold that is yet to be mined according to the Prime Minister Hon James Marape. The PM revealed this when officially closing the Geoscience, Exploration & Extraction Conference 2024 yesterday at the APEC Haus in Port Moresby. He said based on the gold price of around US$ 2,400, the 100m ounces would...

There has been a decline in mineral exploration activities in the country since 2019, according to the Managing Director of the Mineral Resources Authority (MRA), Jerry Garry. Mr Garry said this recently at the Geoscience, Exploration & Extraction Conference 2024, at the APEC Haus in Port Moresby. The MD said from 2012-2018, most of the country ...

Papua New Guinea (PNG) is losing billions in US Dollars from the fisheries industry in revenue inflows because 80 percent of fish caught in the PNG Exclusive Economic Zone (EEZ) is processed and sold in other countries in US Dollars since PNG does not have a Domestication Policy. Chairman of RD Group, Mr. Roy Rivera revealed that over 60 per cent of RD’s ...

Prime Minister Hon. James Marape on Tuesday, August 6, 2024, expressed his gratitude to the outgoing Indian High Commissioner to Papua New Guinea, H.E. Inbasekar Sundaramurthi, for his exceptional contributions during his tenure. Prime Minister Marape acknowledged the progress made in India-PNG relations under High Commissioner Sundaramurthi’s leadersh...

Prime Minister, Hon. James Marape on Tuesday, August 6, 2024, welcomed new Chinese Ambassador to Papua New Guinea, His Excellency Mr Yang Xiaoguang, while commenting on the “great strides” the two countries have made in their bilateral ties in the last five years. Ambassador Yang Xiaoguang paid a courtesy call on the Prime Minister at his office at Sir...

Credit Corporation (PNG) Limited has achieved a long-held dream of its founding directors by evolving into a fully-fledged bank, a milestone celebrated by Chairman Dr. Albert Mellam during the official licensing event by the Bank of Papua New Guinea (BPNG). The transition to CreditBank PNG marks a pivotal moment in the company’s history, reflecting its...

August 5th marked a historic moment for Papua New Guinea's financial sector as the Bank of Papua New Guinea (BPNG) issued commercial banking licenses to TISA Bank Limited and Credit Bank PNG Limited. This event, held at the BPNG headquarters in Port Moresby, is the first time two banking licenses have been granted on the same day, signaling a significa...

The Papua New Guinea Chamber of Resources & Energy (PNG CORE) is pleased to announce the 2024 Papua New Guinea (PNG) Investment Week. The event, which will take place from December 6th to 11th, 2024, at the International Convention Centre in Sydney, was officially launched by Prime James Marape. In his remarks, the Prime Minister acknowledged th...

As part of its member engagement activities, staff from PNG Chamber of Resources and Energy (PNG CORE) recently took part in a stakeholder engagement, hosted by ExxonMobil PNG (EMPNG). This advocacy session, facilitated by EMPNG’s Government Affairs team, provided PNG CORE staff with an appreciation of work done by the PNG LNG Project operator, particu...

Ok Tedi Mining Limited (OTML) has signed a road construction contract worth K18.1 million for the Alice Pit to the Border Post Road Project in North Fly District. Funded through the Infrastructure Tax Credit Scheme (ITCS), the 14.55km road will serve as a critical link, connecting local communities to a key PNG-Indonesian border post at Yetetkun in the...

The 2024 Business Regulators Summit co-hosted by the Investment Promotion Authority (IPA) and Department of Information, Communication and Technology (DICT) on July 30 to 31 in Port Moresby drew representatives from businesses, regulators, investors, government agencies, non-government organisations, and the media across Papua New Guinea to Port Moresby f...

The Papua New Guinea Chamber of Resources and Energy (PNG Core) Manger for Policy and Analysis, Gretel Orake, addressed the urgent need for regulatory reform and enhanced capacity within PNG's regulatory bodies during the 2024 Business Regulators Summit held at Stanley's Hotel. Orake highlighted critical areas requiring attention to foster a more condu...

PNG Customs Service Chief Commissioner David Towe stressed Papua New Guinea’s commitment to trade facilitation and border protection during his presentation at the 2024 Business Regulators Summit, Session four on July 31. Addressing a diverse audience that included regulatory agency leaders, private sector representatives, NGOs, and media, Towe deliver...

Prime Minister Hon. James Marape, announced on Friday, August 2, 2024, that the State Negotiating Team (SNT) is actively engaged in discussions with Wafi-Golpu mine developers Newmont and Harmony, with the aim of finalising the Mine Development Contract (MDC). This critical step is part of the preparations for the prompt issuance of the Special Mining ...

The Minister for International Trade and Investment, Hon. Richard Maru today announced that the National Executive Council (NEC) in its recent Meeting No: 13/2024 approved, in principle, that the Pacific Marine Industrial Zone (PMIZ) in Madang Province will be developed in two phases. “The Phase 1 of the project will be the establishment of a fishing J...

Prime Minister Hon. James Marape on Thursday, August 1, 2024, lauded the Coffee Industry Corporation Ltd (CICL) for its visionary leadership and strategic planning in advancing Papua New Guinea’s coffee industry. The Prime Minister made these remarks while officially opening CICL’s impressive K10.6 million Coffee Exports Office Complex in Lae. Followin...

Prime Minister Hon. James Marape on Friday, August 2, 2024, presented a K50 million Infrastructure Development Grant (IDG) to Wafi-Golpu landowners and the Morobe Provincial Government. He emphasised that this is not “free” money but funds intended for infrastructure projects in the six impacted areas and the province. This grant is part of the Government...

In July, the Global Green Growth Institute (GGGI) launched the Papua New Guinea Climate FIRST project with a series of workshops, starting with the New Ireland Province. The Climate FIRST Inception and Stakeholder Consultation Workshop, held on July 22 in Kavieng, marked the beginning of the project's implementation across seven provinces: Eastern High...

From July 12 to 14, the Papua New Guinea Tourism Promotion Authority (TPA) highlighted the country's exceptional birding opportunities at the Global Bird Fair (GBF) in Rutland, Oakham, United Kingdom. This major event provided PNG a key platform to engage with international birding tour operators, travel agents, and conservation organizations, enhancin...

The European Union (EU) and Papua New Guinea (PNG) are deepening their commitment to environmental sustainability with the EU-funded Forestry, Climate Change, and Biodiversity (EU-FCCB) program. Launched in October 2023, this €55-million initiative aims to integrate forest management, climate action, and biodiversity protection into PNG's development s...

Since its inception in 2022, the Trukai Smart Farmer Program and its partners have so far trained over 400 participants. Trukai Industries Agriculture team has adopted the irrigated rice farming concept as a sustainable initiative to ensure farmers are introduced to best crop management, quality grain management and pest management systems. Trukai I...