Weir is pleased to announce the appointment of Mick Henderson as Regional Managing Director for the Minerals Division in the Asia-Pacific (APAC) region, effective immediately. Mick brings a wealth of experience and a proven track record of delivering results across Eastern Australia and the Pacific Islands. His deep regional insight and customer-first ...

Ok Tedi Mining Ltd. (OTML) has officially welcomed 41 new intakes under its flagship Graduate Development Scheme (GDS) program, reinforcing its ongoing commitment to building Papua New Guinea’s future workforce. The 2025 cohort comprises graduates from the Papua New Guinea University of Technology, the University of Papua New Guinea and Divine Word Uni...

Nambawan Super Limited (NSL), the leading superannuation fund in Papua New Guinea, wrapped up its 2025 Regional Engagement and Awareness (E&A) programme with visits to Utu Secondary School in Kavieng and Namatanai Secondary School in New Ireland Province where senior leaders met members, students and teachers to promote financial literacy, hard work a...

Nambawan Super Limited (NSL) is pleased to announce Hilton Port Moresby Hotel & Residences as the newest partner for its Member Discount Programme. The Member Discount Partner agreement was signed by Hilton Port Moresby Hotel & Residences General Manager Ryan Mikkelson and Commercial Director Robbie Turner, with NSL Chief Member Services Office...

Swire Shipping, a leading shipping company in the Asia-Pacific, announced a significant upgrade to its North Asia Express (NAX) service with the introduction of fixed-day weekly sailings and expanded capacity. Effective 22 August 2025, the service will offer market-leading speed and reliability, significantly enhancing connectivity between the Chinese ...

Westpac PNG has announced the appointment of Miriam Rothera as Head of Retail Banking. This strategic leadership move comes at a pivotal time as the bank focuses on sustainable growth, enhanced community engagement and strong governance aligned with Papua New Guinea’s national development goals. Rothera joins Westpac PNG with 36 years of experience wit...

The APEC Haus in Port Moresby became the centre of the nation’s resource sector from 28 to 31 July as the PNG Chamber of Resources and Energy (PNGCORE) staged the highly anticipated PNG Resource Week 2025 under the theme “50 Years of Resources Building PNG Communities.” The annual gathering brought together senior government officials, industry leaders...

Prime Minister James Marape has described the official visit of New Zealand Prime Minister Christopher Luxon as a “historic and defining moment” in bilateral relations, reaffirming a shared commitment to peace, prosperity and Pacific solidarity. The visit, from 4 to 6 August, marked a milestone in Papua New Guinea’s diplomatic history as Mr Luxon becam...

Minister for Mining and Member for Finschhafen Rainbo Paita has pledged the National Government’s full commitment to finalising the Community Development Agreement (CDA) for the K92 Mining Project, following his official visit to the company’s operations in Kainantu on 8 August. Joined by Kainantu MP William Hagahuno, Mineral Resources Authority (MRA) ...

Ok Tedi Mining Limited has posted a strong first-half performance for 2025, recording a post-tax profit of US$435 million (PGK1.8 billion), more than double the figure for the same period last year. Managing Director and Chief Executive Officer Kedi Ilimbit attributed the exceptional results to higher commodity prices, increased sales volumes and a US$...

Pacific Lime and Cement (PLC), formerly Mayur Resources Limited, has approved the Final Investment Decision (FID) for its flagship Central Cement and Lime (CCL) Project at Kido Island in Central Province — paving the way for construction to begin on a nation-building venture expected to cut Papua New Guinea’s reliance on imported construction materials. ...

PacSuper had announced the appointment of Chris Hagan as Chief Executive Officer, effective 1 June 2025, succeeding Eric Kramer, who has resigned from the role after leading the organisation through a period of significant change and transition. Mr Hagan returns to PacSuper with deep superannuation experience, having previously served as CEO of the fun...

Anne-Shirley Korave, founder of Queenpads and a passionate advocate for women’s health, has been named the overall winner of the prestigious Westpac Outstanding Women Award (WOWA), receiving a total grant of K10,000 (approximately A$4,100 or US$2,650). The award comprises K5,000 for winning the Sustainability category and a further K5,000 as the Overall W...

Lloyds Metals & Energy Ltd, a major player in India’s metals and mining sector, is eyeing investment opportunities in Papua New Guinea (PNG), particularly in the gas sector. With a legacy spanning more than 50 years, the company is primarily involved in iron ore mining, direct reduced iron (DRI) manufacturing, sponge iron production and power gener...

In recognition of World Mangrove Day, Loloata Island Resort led a coastal rehabilitation activity involving resort guests, local staff and volunteers, highlighting its ongoing commitment to marine conservation, ecological restoration and sustainable tourism. The event saw the planting of 58 Aegialitis annulata seedlings in polybags and the transplantat...

Mining Minister Rainbo Paita has directed the Mineral Resources Authority (MRA) to expedite action on several unresolved matters affecting landowners of the Kainantu gold project, including the release of K80 million (US$21.6 million) in accrued royalties and the approval of a revised development agreement. The directive followed a high-level meeting c...

The Papua New Guinea Tourism Promotion Authority (TPA) and the Small and Medium Enterprises Corporation (SMEC) have joined forces to boost the development of tourism-focused micro, small and medium enterprises (MSMEs) across the country, while also investing in youth empowerment through targeted awareness and training programmes. On 27 June, the two ag...

In a major step toward strengthening Papua New Guinea’s industrial base and economic self-reliance, Prime Minister James Marape has officially launched the $400 million Pacific Lime and Cement Project at Kido Village, describing it as a transformative milestone for the nation’s future. Surrounded by landowners, local leaders and government officials, M...

The Community Affairs and National Content Conference and Exhibition (CANCONEX) has again affirmed its role as a key pillar in Papua New Guinea’s pursuit of inclusive and sustainable development—transforming dialogue into commitment and commitment into national action shaped by the resources sector. In his closing address at CANCONEX 2025, held at APEC...

Papua New Guinea’s Minister for Petroleum, Jimmy Maladina, has unveiled sweeping legal and institutional reforms to modernise the country’s petroleum sector, with the formal introduction of a Production Sharing Act (PSA) that will serve as the legal and fiscal foundation for all new petroleum projects. The announcement was made during the PNG Petroleum...

The MAPEX Training Institute (MTI), a 100% nationally owned and privately registered higher education provider, has announced an ambitious five-year plan to transition into Papua New Guinea’s first nationally owned private university. In an exclusive interview with PNG Business News during MTI’s 20th anniversary celebration on 16 July, MTI Chairman Dr....

K92 Mining Ltd., operator of the Kainantu Gold Mine in Eastern Highlands Province, has paid PGK161 million (USD43.5 million) in corporate tax to Papua New Guinea’s Internal Revenue Commission (IRC), reinforcing its commitment to national economic development. The payment, made on 25 July, is the company’s largest single corporate tax contribution this ...

In a sector once dominated by foreign providers, the establishment of nationally owned Niugini Assurance Group Limited (NAGL) in 2019 reflects PNG’s economic maturity. NAGL is rewriting the script with locally driven leadership, tailored insurance solutions and a commitment to protect what matters most — the people. NAGL is a response to the call for f...

A new global survey of mining executives has delivered a sobering outlook for Oceania, with several Pacific jurisdictions pegged at the lower end of global investment rankings despite their untapped mineral wealth. The Fraser Institute’s 2024 Annual Survey of Mining Companies, which assessed 82 jurisdictions based on geological potential and government...