Twenty-four (24) new apprentices have begun their training with Ok Tedi Mining Limited (OTML) after signing their Indenture Contracts on 23rd February. The trainees comprising of 12 males and 12 females, signed their contracts with OTML’s Training and Development Department and the National Apprenticeship and Trade Testing Board (NATTB). Acting Mana...

Ok Tedi Mining Limited (OTML) celebrated International Women’s Day on Tuesday, March 8, showing appreciation for the contribution its female workforce has made towards the Company’s growth and success as well as towards nation-building. “Ok Tedi is an equal opportunity employer, and diversity and inclusion are paramount to our success. Females play an ...

The K19 billion (US$5.4 billion) Wafi-Golpu project must benefit landowners and the people of Morobe, according to Papua New Guinea's Morobe Governor Ginson Saonu. “The ongoing development of the Wafi-Golpu mining project (shows) our commitment to ensure that the people of Morobe favourably benefit from this project,” he said. “The Morobe government...

According to kina Bank's chief executive officer Greg Pawson, the Papua New Guinea economy would revive this year, with positive gross domestic product (GPD) growth. In Port Moresby, Pawson noted that the government's support for resource projects such as Papua LNG, as well as more to come, will bring foreign investment into the country over the next s...

Following the Independent Consumer and Competition Commission's decision to reject Kina Bank's bid to buy Westpac's interest in Westpac PNG Limited, Kina Bamk would no longer explore the Westpac purchase deal. According to Kina Bank CEO Greg Pawson, this is the case. Mr Pawson explained that one of the factors that made it difficult for Kina Bank in...

Photo credit: Loop PNG Bougainville communities will benefit from a new K10 million grant to help 25 Bougainville cocoa cooperatives under the Bougainville Partnership Commodity Support Facility (CSF). The money provided to the Takuina Women's Business Group, according to Noelyn Lasua of the Takuina Women's Business Group, would yield positive outco...

Hon. Prime Minister James Marape has announced the payment of K33.7 million to upstream PNG LNG Project landowners of Petroleum Development License (PDL) 7 in Hela, consisting of K19.7 million in cash and K14 million in project component. The Mineral Resources Development Company was used to make the payment (MRDC). PDL 7 was one of a series of upst...

Photo credit: Christine Gneh According to a new World Bank estimate, Papua New Guinea's GDP is expected to increase by 4% in 2022, owing mostly to expansion in the extractives industry. The research, PNG Economic Update: Navigating a Fragile Recovery, examined major recent changes in PNG's economy and placed them in a longer-term and global perspect...

Photo credit: Tourism Promotion Authority According to the PNG Tourism Promotion Authority, Papua New Guinea will soon be promoted as a tourist destination in the Gulf and Middle East areas (TPA). This comes after TPA and Across Borders Travel, a Dubai-based marketing and representation organization, signed a memorandum of agreement (MoU) in Dubai, ...

The PNG Forestry Authority has struck a deal with Total Energies to build 10,000 hectares of industrial forest in the Varagadi district of Central Province. Within 20 years, the initiative aims to convert 800,000 hectares of main grasslands in PNG into industrial forest plantations. Goodwill Amos, director of the PNG Forest Research Institute, said ...

A Premier industry event for Australia and Papua New Guinea The 2022 PNG Industrial & Mining Resources Exhibition will showcase over 100 local, national and international manufacturers and suppliers with the latest innovations in the supply of services and equipment for the industrial, mining and oil & gas sectors.  The two-day exhibition is th...

Pacific Towing (PacTow) is celebrating the return of its tug ‘Waiowa’ to the water.  One of PacTow’s 11 tugs, Waiowa is back at work following an engine replacement.  Predominantly used for open ocean towage and salvage projects, Waiowa has already been utilised on three projects since rejoining the PacTow fleet. Waiowa is a 35-metre-long Azimuth Stern...

Potential for PNG-UAE commodity trade, including in mineral products will soon be boosted with the involvement of UAE state-owned companies and other private investors closely connected to the country's Royal families. This is possible through the aggressive implementation of the target-based investment, trade and market access strategic framework by t...

Photo: CEFI and key stakeholders pose for a group photo after the meeting The Centre for Excellence in Financial Inclusion (CEFI) is partnering with key stakeholders and government agencies to drive the plan for Green Finance in Papua New Guinea (PNG). On February 23 the Inclusive Green Finance Policy (IGFP) Project Technical Working Group (TWG) hel...

The Independent Consumer and Competition Commission has begun the process of rescinding its recent authorization determination for the Link PNG and PNG Air codeshare agreement. The authorization was given with specific requirements for Link PNG and PNG Air to meet before it becomes operational, according to ICCC Commissioner and Chief Executive Officer...

As the new National Energy Authority (NEA) develops from strength to strength within a year of its inception, structural changes to boost energy output and tap into Papua New Guinea's alternative power-generation sources continue. Hon. Saki Soloma gave the country an update on the NEA's work since its two enabling legislation, the National Energy Act 2...

Photo: Vision City Branch, Kina Bank, Papua New Guinea Kina Securities Ltd (KSL) reported a net profit of K96.2 million for the 2021 financial year, up 27% from the previous year's statutory net profit of K70.8 million. One-time expenditures linked with the termination of the Westpac purchase, according to the bank, harmed the statutory results. ...

For development on the Rouna 3 hydropower project in Central, the Japanese government has awarded a K15.6 million grant. Soroi Eoe, the Minister of Foreign Affairs and International Trade, thanked Japanese Ambassador Nobuyuki Watanabe for the money in Port Moresby. The K15.6 million donation, according to Ambassador Watanabe, was authorized by the J...

Tokua Airport in East New Britain has received a K9.2 million grant from the Japanese government (ENB). Soroi Eoe, the Minister of Foreign Affairs and International Trade, praised Japanese Ambassador Nobuyuki Watanabe for his aid in Port Moresby. A K15.6 million grant from the Japanese government was also offered for development on the Rouna 3 hydro...

Steamships Trading Company Ltd, based in Port Moresby, has declared an improved financial performance for 2021. “On the back of a strong performance in the hospitality division and a continued recovery in the shipping division, revenue increased 11 per cent to K564 million on a continuing basis and the underlying profit attributable to shareholders ros...

Ango Wangatau, head of the National Fisheries Authority, said at the two-day National Tuna Fishing Sector consultation that inclusive government and private partnership investment is needed to strengthen the fisheries industry. In his keynote talk, Mr Wangatau stated that the key to growing and increasing demand in the fishing industry is to be inclusi...

Photo: The PNG Cultural group preparing for their performance at the Al Wasl Dome's stage of nations Papua New Guinea celebrated its national day at the world expo with cultural performances and the raising of the flag at the Al Wasl dome’s stage of nations. Deputy Prime Minister Honorable Sam Basil, MP officiated at the event alongside His Excellen...

Photo: The Trio® TC84XR cone crusher Pebbles contain valuable ore but without a crusher capable of processing them, pebbles can end up discarded or stockpiled. Weir Minerals has developed the Trio® TC84XR cone crusher – specifically engineered to perform in the most challenging applications, including pebble crushing. Pebble crushing is one of the t...

Photo: The PNG Cultural group after their performance at the Earth Stage at the Dubai World Expo. The Papua New Guinea traditional costumes and dances supported by PNG International reggae sensation Anslom Nakikus brought out the PNG colours and vibes at the Earth Stage in the Dubai world expo on Monday night. The event kick started the PNG week org...