The PNG Extractive Industries Transparency Initiative has expressed concern over unregulated mining activities in the country. Executive Director for PNGEITI National Secretariat, Mr. Lucas Alkan says alluvial mining are largely unregulated activities which raises concern. “Unregulated mining activities leaves authorities and stakeholders with limit...

Prime Minister Hon James Marape said Papua New Guinea will benefit from a total economic value chain of 53 % from the new Porgera mine, in the first 10 years of the total of 20 years of the mine’s operations. He said this when addressing parties to the Porgera project Community Development Agreement (CDA), who are negotiating benefits sharing arrangeme...

Enga Governor Hon Grand Chief Sir Peter Ipatas, has urged landowners of the new Porgera Mine, to find a balance in the current Community Development Agreement (CDA) negotiations, and have the agreement signed in a timely manner. He said the operator New Porgera Limited (NPL), had already started mining and that it was only appropriate that landowners t...

Prime Minister Hon. James Marape had a productive meeting with top executives of one of Papua New Guinea’s oldest trading companies, Steamships Trading Company, in Port Moresby recently. The meeting took place over breakfast and included discussions with the outgoing Managing Director, Mr. Rupert Bray, and the newly appointed Managing Director, Mr. Chris ...

Prime Minister Hon. James Marape recently announced the appointment of five new ministers following recent political developments in which a number of ministers defected to the Opposition. He announced the appointments at Government House today after the five ministers were sworn in by Governor-General H.E Sir Bob Dadae. The newly appointed minister...

Prime Minister Hon. James Marape has welcomed opportunities in various areas, including pharmaceutical manufacturing, with Pakistan. He expressed this during a meeting on Thursday, July 11, 2024, with Pakistan High Commissioner to Papua New Guinea, H.E Zahid Hafeez Chaudhri, who is based in Australia. Mr. Chaudhri also extended an invitation to Prime M...

Steamships and John Swire & Sons are pleased to announce the successful completion and official opening and hand over of a classroom in Lae. The brand-new classroom was formally presented to the school community in a small ceremony at the school grounds attended by students, parents, teachers, and project partners of Yanga Elementary School. Add...

The Credit Guarantee Corporation PNG Agri Trade Expo took place from June 24 to 27 in Port Moresby with a focus on enabling access to tailored financial products. The Trade Expo, hosted at the APEC Haus, attracted significant international attention with its diverse array of exhibitors. Participants included banks, financial institutions, agribusinesse...

Theresa Jaintong, a prominent women’s representative from Panguna Mine, emphasized women's pivotal role in shaping Panguna’s future amidst historical grievances and environmental concerns. Speaking during the inaugural Papua New Guinea Resource Week, she addressed delegates, companies, stakeholders, investors, partners, and the media in Session 8 title...

The Papua New Guinea Resources Week allowed presenters to share information, network opportunities, and PNG’s national content. East Sepik Governor Allan Bird took the opportunity to articulate a bold vision for the future of his province, highlighting significant strides in agriculture and community empowerment. In his presentation during the Resou...

The inaugural Papua New Guinea (PNG) Resources Week, featuring the PNG Core Expo and Canconexx, concluded on a high note at the University of Papua New Guinea (UPNG) and The Resources Summit Dinner hosted at Hilton Hotel on July 4th. Aimed at fostering greater local engagement in the country’s resource sector, the event saw a good turnout of delegates,...

PNGX Group, operator of Papua New Guinea’s national stock exchange, has taken another step towards enhancing the PNG capital market. PNGX has released amendments to its Business Rule to modernise the management requirements for PNG’s stockbrokers. This follows the improvement to the speed of settlement of trades which took effect in July 2023, enhancin...

Kumul Petroleum Holdings has awarded a contract to OilMin Holdings Limited to carry out seismic work in two petroleum retention licences where KPHL is the operator. General Manager, Fintan Lalor, signed the contract on behalf of OilMin. Kumul Petroleum managing director, Wapu Sonk, said,”This contract award is the next step in our management of the pet...

Earlier this year, Pacific Trade Invest (PTI) Australia invited exporters across the Pacific to participate in the Pacific Islands Export Survey 2024. The survey, conducted biennially, provides crucial insights into the activities, challenges, and opportunities faced by Pacific exporters, informing regional policy development and trade strategies. PTI Aus...

Terrain Tamer 4WD have launched a new TV ad on various platforms across regional Australia, New Zealand, Fiji and Papua New Guinea, to air primarily during NRL, AFL and State of Origin matches. Running from May until September, the ad, titled “Customer is King” follows the story of a young Frank Hutchinson, who founded the Terrain Tamer brand in 1969 a...

Often referred to as PNG’s premier charter airline, Tropicair recently completed a major upgrade of its terminal at Jackson’s Airport. Tropicair CEO, Ivona Kadlec, explains why. “In 2023 Tropicair commemorated 25 years of operation in PNG.  As the airline has grown over that time, so too have the number of passengers and clients. Thus, there was a n...

NiuHomes, from PNG Forest Products, manufacture premium designed, quality kit homes in ranges to suit every budget and lifestyle in Papua New Guinea. Perfect for those starting out on a tight budget, the Baset Range starts at only K69,550 and provides low-cost 3 & 4 BR kit homes that are designed to lock-up stage, with no internal fixtures or fitti...

EDITOR’S NOTE: Ossberger, the German hydro-industry experts, has provided PNG Business News with this feature story that originally came out in Zek Hydro magazine’s May 2024 issue. Ossberger has supplied and installed 19 mini-hydropower turbines throughout PNG, mostly in rural districts, since the 1960s. The company likewise provided the hydropower system...

Lae Biscuit Company announces Brisbane based & East New Britain brought up professional basketball player Christian Pang as its newest brand ambassador under the company’s energy drink brand “PAWA”. Inline with Lae Biscuit Co. Ltd.’s core value of Passion that speaks highly of exercising pride in our brands and our history while promoting a positiv...

Mr. Chris Daniells officially assumed the role of Managing Director of Steamships Trading Company Ltd. (Steamships) on Monday 1st July 2024. He takes over from outgoing Managing Director, Mr. Rupert Bray, in a planned succession move. This is not his first time in PNG, as early in his career, Mr. Daniells worked for Steamships Shipping Agencies as Nati...

It is anticipated that following the endorsement of the National Agritourism Policy, the parties will work together to facilitate investment in the agritourism sector. This includes the development and marketing of existing agritourism products to create niche markets and attract tourists. The Secretary for the Department of Agriculture and Livestock, ...

by Rishabh Mukerjee, Helmtrude Sikas Iha and Damaris Warambukia Coffee is one of the most important smallholder cash crops in Papua New Guinea. It accounted for US$156 million of export earnings, 13% of agricultural export revenues, and 1.4% of total export revenues in PNG in 2021. According to the PNG Rural Household Survey 2023, approximately 55% of ...

MRL is pleased to announce the signing of a Non-Binding Exclusive Term Sheet (“Term Sheet”) with S&F Investment Advisors Ltd and ACAM LP (the "Investor"), for a proposed USD $50 million investment in MRL and its 100% owned MRCL subsidiary (the “Proposed Transaction”). Additionally, the Company is also pleased to announce an AUD $5 million placement...

The Prime Minister of Papua New Guinea James Marape officially launched the Five-Year Development Plan for Central Bougainville in Arawa Town yesterday. Present at the launching was the President of Bougainville Ishmael Toroama, Regional Member for Bougainville Peter Tsiamalili Jnr and cabinet Ministers from both the National Government and the Autonom...