The Bougainville House of Representatives has passed the 2026 ABG Budget, a K844,090,000 (US$198.4 million) financial plan aimed at strengthening Bougainville’s institutional readiness, economic transformation, and service delivery as the region progresses towards political independence. The Budget was tabled by the ABG Minister for Treasury and Financ...

New Porgera Limited has launched its inaugural National Content Plan, setting out measures to expand national participation, develop the local workforce and deliver long-term benefits to communities linked to the Porgera Project. The company said the plan aligns with the New Porgera Mining Development Contract and the Porgera Project Commencement Agree...

Ok Tedi Mining Limited says it will not comment on the merits of disputes surrounding the Community Mine Continuation Agreement Extension Agreement while related matters are before the courts, responding to recent public statements by North Fly MP and Deputy Opposition Leader James Donald. In a statement, the majority state-owned miner said issues rais...

Papua New Guinea’s Minister for Petroleum Jimmy Maladina has formally addressed the newly sworn-in Board of the National Petroleum Authority (NPA) under the National Petroleum Authority Act 2025. The ceremony was held 24 November in Port Moresby. The inaugural NPA Board comprises: Chairman Hubert Hanjause Namani Mr. Dairi Vele (Deputy ...

Papua New Guinea’s mining sector continues to underpin the national economy and is positioned for a new phase of growth, reform, and sustainable investment, Acting Managing Director of the Mineral Resources Authority (MRA) Harry Kore said during the regulator’s forum, PNG’s Mining Sector Update, at Investment Week on Dec. 8 in Sydney, Australia. Addres...

St Barbara Limited (ASX: SBM) has taken major steps to advance its Simberi Gold Project, confirming the project as a high-quality, long-life, low-cost asset while securing strategic partnerships with Kumul Mineral Holdings Limited and Lingbao Gold Group. The company released the results of its Feasibility Study for the Simberi Expansion Project, which ...

Pacific Lime and Cement Limited (ASX: PLA; PNGX: PLC) has announced a strategic partnership with the International Finance Corporation (IFC), a member of the World Bank Group, to provide advisory support for its Phase 2 Central Cement Project in Central Province, Papua New Guinea. The collaboration marks a major step for PLC and PNG, as the project aim...

Kumul Petroleum Holdings Limited responded to the announcement that the PNG LNG Project Joint Venture, in which KPHL holds a 19.4% interest, has accelerated the final repayment of the PNG LNG project finance facility, bringing it to a close earlier than expected. The project has delivered strong and sustained performance and benefits to Papua New Guinea s...

The Asian Development Bank has approved three projects worth a combined $275 million to expand access to finance, improve rural connectivity and boost low-carbon electricity supply in Papua New Guinea. The financing package includes support for financial sector reforms, clean energy development and road infrastructure aimed at strengthening economic ac...

The private sector is showing how climate responsibility, inclusive growth, and commercial success can align, with TWM Group positioning itself as a national leader in environmental services following a major investment partnership with the International Finance Corporation (IFC). Speaking at a high-level climate impact session during PNG Investment We...

PNG CR Services is boosting female participation in the country’s construction sector through its Wok Meri Strong Program, a structured workforce development initiative integrated into the company’s project delivery model. The program is designed to increase meaningful and sustainable participation of women across PNG CR’s construction and infrastructu...

Papua New Guinea’s agricultural production and productivity have been in steady decline for more than two decades, and continued emphasis on policies and legislation will not reverse the trend unless there is a fundamental change in how farming is carried out on the ground, according to Farmers and Settlers Association President Wilson Thompson in an inte...

Following an extensive executive search in Papua New Guinea and the broader Asia-Pacific region, Nambawan Super Limited announced that its Trustee Board of Directors has appointed Lachlan Baird as the company’s incoming chief executive officer, effective 1 January 2026. Baird will succeed Paul Sayer, who is stepping down after a successful eight-year t...

Prime Minister James Marape has called on investors to support Papua New Guinea’s transformation from a resource-dependent economy to a manufacturing and green-energy powerhouse, outlining a 20-year vision during a live Q&A session with Australian journalist Tracey Spicer at PNG Investment Week. Looking ahead to 2040 and 2050, Marape emphasised the...

Prime Minister James Marape and Queensland Premier David Crisafulli on 10 December signed the Papua New Guinea–Queensland Memorandum of Understanding (MoU) 2025–2030 at the Queensland Parliament, establishing a framework to deepen Government-to-Government, Business-to-Business, and People-to-People ties. The MoU provides a multi-tiered structure for co...

Prime Minister Hon. James Marape has commended Samarai-Murua District in Milne Bay Province for its first fish export under a joint venture with Thai company Pornupphan 2018 Co. Limited, marking a milestone in the district’s economic development and fisheries sector. The partnership involves the district’s fishing business, Kekeisi Limited, and the Tha...

K92 Mining Inc. welcomed Dr Joseph Espi, Associate Professor and Divisional Leader of Earth Sciences at the University of Papua New Guinea (UPNG), for a lecturer immersion visit at its Kainantu operations, strengthening the company’s ongoing collaboration with local universities. The visit forms part of K92’s School-to-Mine strategy and Memoranda of Un...

The Autonomous Bougainville Government (ABG) has formally signed a project charter with the Government of Australia, through its Transport Sector Support Program (TSSP3), and the National Department of Works and Highways (DOWH) to commence major upgrades on the Bougainville Trunk Road. The project covers the upgrade and sealing of the trunk road from I...

The National Airports Corporation (NAC) will temporarily open Tokua Airport in East New Britain Province to Airbus A220 aircraft operations and facilitate night flights at selected airports to ease congestion and support passenger movement during the peak festive travel period. The measures are part of NAC’s strategy to boost air travel capacity during...

PNGX Group Limited (PNGX Group), the holding company of PNGX Markets Limited (PNGX), has welcomed Pacific Lime and Cement Limited (PLC) as a listed company on the Papua New Guinea stock exchange. Trading in PLC commenced at 10:00 a.m. on 15 December 2025, under the trading code PLC. PLC, incorporated in Singapore, is listing on PNGX as an exempt iss...

Papua New Guinea’s Minister for Petroleum, Jimmy Maladina, has reaffirmed major reforms and significant project progress in the country’s petroleum sector, announcing that 2026 will be a pivotal year for exploration, licensing and LNG project development. Speaking at the PNG Investment Summit in Sydney, Maladina said the Marape–Rosso government’s commi...

Australia’s enduring commitment to Papua New Guinea’s economic reform has been reaffirmed by Ewen McDonald, Australian High Commissioner to Papua New Guinea and Special Envoy for the Pacific and Regional Affairs. Speaking at PNG Investment Week on 9 December in Sydney, McDonald highlighted what he described as a relationship “joined at the hip,” emphasisi...

When Tisa Bank brought in Saamrat Dutta to lead its strategic objectives, it wasn’t just making a hire - it was placing a strategic bet on a leader known for steering transformation even in the most complex environments. Saamrat carries with him over 25 years of international banking and fintech experience, but what truly sets him apart is his instinct...

The Asian Development Bank (ADB) and Air Niugini Limited have signed a $35.8 million financing package to modernise Papua New Guinea’s national airline, boosting efficiency and safety standards. The initiative is expected to strengthen both domestic and international connectivity while supporting the country’s social and economic growth. The package in...