The Porgera Project Commencement Agreement was signed by the State and Barrick Niugini Limited, paving the way for the commencement of mining activities at the Porgera Mine. Prime Minister James Marape confirmed the government's commitment to reopening Porgera Mine as soon as possible, with BNL as an equity partner and operator, and vowed to provide BN...

Last Friday, October 15th, Treasurer Ian Ling-Stuckey met with the United Nations' second most senior official in New York. Ling-Stuckey expressed his satisfaction with the informative and productive conversations he had with Amina Mohammed, the Deputy Secretary-General of the United Nations, on incorporating the Sustainable Development Goals (SDGs) in...

Photo credit: Loop PNG - Paulus Ain According to the Independent Consumer and Competition Commission (ICCC), fuel costs may decline as a result of travel limitations imposed by the Coronavirus (Covid-19). The Covid-19 epidemic, according to Commissioner and Chief Executive Officer Paulus Ain, might affect travel and hence lower demand for gasoline. ...

According to PNG Ports Corporation Ltd, the country's two international marine ports have developed considerably in the last four years. According to statistics released last month, cargo volumes increased by 204,518 20-foot equivalent units (TEU) this year, while vessel turnaround time decreased by approximately 50%. PNG Ports owns the Lae and Motu...

Decentralised sewage treatment is not common in Papua New Guinea (PNG) yet according to the United Nations sustainability development goals (SDG's) sanitation and clean drinking water are two of the core fundamentals for society. Whether your site is a community village, an educational institute, regional hospital or mining camp, it needs to adequately se...

Pacific Towing’s commercial dive team is central to the numerous services it provides PNG’s O&G sector including in-water surveys to class with live feeds back to international survey technicians. Pacific Towing, a 44 year old marine services business headquartered in Papua New Guinea has been servicing the oil and gas sector in excess of 10 years....

Photo credit: Adyton Resources Corporation Adyton Resources Corporation has reported an 88% increase in total gold ounces across the company’s 100% owned Fergusson Island Gold Project and Feni Gold and Copper Project, located within Papua New Guinea’s renowned “Rim of Fire”. Fergusson Island maiden Indicated Resource of 175,000 gold ounces at 1.33 g...

Dirio has completed its first power project in Caution Bay, near the PNGLNG Plant Site, which is expected to be operational later this month. PPL needed to modernize its transmission and substation infrastructure, which took a lengthy time. Governor Undialu advised landowners not to trust Facebook zealots who only know how to write beautiful English and h...

According to Des Yaninen, president of the Micro Small Medium Enterprise (MSME) Council, a reduction in employment nationally reflects the current situation of the economy. Commissioner-general of the Internal Revenue Commission (IRC) Sam Koim indicated that private sector employment has decreased, as evidenced by a drop in the salary and earnings tax ...

Photo: Joyce Bay settlement (Desmond Narongou) by Desmond Narongou Joyce Bay settlement, formerly known as Horse Camp, is a notorious settlement in Port Moresby, Papua New Guinea (PNG). It has been known for criminal activity, and as a place where many criminals live. The settlement is located in the Port Moresby South Electorate of the National ...

Women selling coconut and bottle gourd in Intoap, PNG (P. Mathur/Bioversity International/Flickr) The socio-economic impacts of COVID-19 are devastating communities in the Pacific and Timor-Leste as much as the virus itself, and sometimes to an even greater extent. World Vision surveyed 752 households (with an average of six people per household) in...

Santos Ltd is a fresh entrance into the country's petroleum sector, and Prime Minister James Marape is looking forward to assisting it. In Port Moresby, he recently met with Santos managing director and chief executive officer Kevin Gallagher. Santos' merger with Oil Search Ltd was explained to Marape, as well as the company's broad strategic goals,...

Photo credit: The Autonomous Bougainville Government The Autonomous Bougainville Government and the Independent Consumer and Competition Commission signed a Memorandum of Understanding today in Buka, which now marks the beginning of the drawdown of full powers from the consumer watchdog to the ABG.  The drawdown process falls under the SHARP Agreeme...

The Asian Development Bank (ADB) and the Government of Papua New Guinea (PNG) today signed a $325 million loan to help fund tranche 2 of the Sustainable Highlands Highway Investment Program, a key transport development connecting some of PNG’s most remote rural communities and farmers to services and market opportunities. ADB Director General for the P...

Photo credit: Richard Dellman - EMTV Prime Minister Hon. James Marape has reassured Papua New Guinea of a better deal from the P’nyang Gas Project in Western than previous projects. He gave this reassurance in Parliament (Tuesday Oct 12) when answering a series of questions from North Fly MP Hon.James Donald in relation to P’nyang, as well as execut...

According to the Asian Development Bank, Papua New Guinea's economy will remain difficult in the short term until some resource projects begin (ADB). Edward Faber, a country economist with the Asian Development Bank in PNG, said the country was presently dealing with a variety of challenges, including the impact of the Coronavirus (Covid-19) epidemic, ...

Total E and P managing director Jean-Marc Noiray stated the Papua LNG project will begin in 2027. After three years of delays, he said the business was mobilizing its project team. “Our project of Papua LNG, after three years of delay, we are again, mobilising our project team, targeting front end engineering and design (Feed) entry through to 2022,...

Photo credit: According to the Bank of Papua New Guinea, total real GDP would rise by about 1.0 per cent in 2021, compared to a previous projection of 2.5 per cent in the bank's March monetary policy statement, Michael Sullivan, President of the Papua New Guinea-European Union Business Council, said. Sullivan made the remarks at the Lamana Hotel in ...

Photo credit: Department of Agriculture and Livestock According to Oil Palm Industry Corporation (Opic) acting general-secretary Kepson Pupita, the rehabilitation of smallholder oil palm blocks would result in more money being earned. Pupita was recently in Alotau, Milne Bay, to gift Opic workers with a motorcycle and tour abandoned dwellings on pro...

With approximately US$300,000 in funding, technical help, and mentorship support, the European Union (EU) is promoting rural entrepreneurship, investment, and trade programs. It aims to revive the agricultural sector by partnering with private sector innovators such as Agritech, Fintech, supply chain financing, mobile money providers, and other busines...

PM Marape Gives K1.5 Million For Coffee Development in Menyamya . Photo, PNG Government media Hon. James Marape, the Prime Minister of Papua New Guinea, has set aside K1.5 million for coffee development in rural Menyamya, Morobe, which produces some of the best coffee in the country. During his one-day visit to Menyamya Station last week, he reveale...

Photo credit: Porgera JV Barrick Gold CEO and President Mark Bristow will be in Papua New Guinea from 12th to 15th of October along with senior Barrick Gold executives, as a part of their quarterly review visits to Barrick operated mine sites throughout the world. Dr Bristow is expected to meet with Prime Minister James Marape and senior PNG Governm...

K92 Mining Inc. is pleased to announce that its Board of Directors has approved the Stage 2A Expansion, expanding the annual processing throughput to 500,000 tonnes per annum at its Kainantu Gold Mine in Papua New Guinea. This represents a +25% increase from the Stage 2 processing capacity of 400,000 tonnes per annum. Full commissioning of the Stage 2A Ex...

Minister for Forestry Walter Schnaubelt stated that discussions on renewable energy transitions and financial access alternatives for Small Island Developing States (SIDS) are critical for PNG. Schnaubelt was speaking at the World Expo 2020 in Dubai when the Energy Transition Accelerator funding platform was launched. He stated that Papua New Guinea...