PNG and UAE in dialogue for long Term Partnership
by PNG Business News - October 25, 2021
His Excellency Nooh Alhammadi, (Left), Director for East Asia and the Pacific (including Papua New Guinea) of the UAE Ministry of Foreign Affairs and International Cooperation receives a Sepik bilum from Papua New Guinea’s Ambassador to Belgium and the EU and Commissioner General for Expo2020, H E Ambassador Joshua Kalinoe. Ambassador Kalinoe is also the focal point for Papua New Guinea’s bilateral diplomatic relations with the United Arab Emirates.
Papua New Guinea and the United Arab Emirates have commenced initial dialogue at the senior diplomatic level to start translating the understanding reached at the political level between the PNG Minister for Forest Hon. Walter Schnaubelt and the UAE Minister for State for International Cooperation Her Excellency Reem Al Hashimy, into action.
Papua New Guinea’s Ambassador to Belgium and the EU who is also responsible for bilateral diplomatic matters with the UAE, H.E Mr. Joshua Kalinoe met with the Director responsible for East Asia and the Pacific, including Papua New Guinea, His Excellency Mr. Nooh Alhamadi and discussed the way forward to entering into a long-term partnership on environment and forest conservation and mitigation measures as well as on the financing and execution of renewable energy projects valued over USD 100m.
“The discussions were encouraging and there was a strong desire from both of us to commence putting the nuts and bolts to enter into a long-term partnership," said the Ambassador H.E Mr Joshua Kalinoe.
“It is in our collective interests and that of the world to conserve and protect the third largest rainforest in the world that acts as the clean lung with amazing and rich biodiversity".
“The UAE is one of the like minded leading nations that has and is willing to spend technical and financial resources towards conservation and mitigation measures to save planet earth from self-destruction and to achieve the global agenda of greenhouse emission reduction,” Ambassador Kalinoe said
He said the PNG Expo2020 Team’s strategy of anchoring the country’s sustainable development story under the sub-theme; ‘Connecting Minds and Creating Opportunities for Sustainable Development’ is working.
"Apart from showcasing our rich culture, the scenic geographical features and creating visibility (many people do not know where Papua New Guinea is) the idea is to economically benefit from the country’s rich natural resources by living in balance with the environment".
“Since the beginning of our Expo2020 journey three weeks ago, we have engaged with experts and stakeholders with innovative minds from Europe, North America and Asia to take our story of living in balance with the environment to the next level," said the Ambassador.
“That level is to enter into a conversation to find innovative commercial options to economically benefit from our resources without using destructive harvesting and extractive methods of production”, Ambassador Kalinoe said.
He said the PNG pavilion at the Expo is planning to facilitate these discussions by inviting experts to a round table in the coming months.
Article courtesy of PNG World Expo 2020
PNG Business News - June 23, 2021
Innovative Agro Industry joins expo2020 to tell the PNG story in Dubai
Papua New Guinea’s food production company, Innovative Agro Industry (IAI) is the latest company to join the PNG Expo2020 team to tell our story. The company is the only fresh milk and dairy producer in country, and also invests in fresh vegetable production among many other projects, including the frozen potato chips brand; KUK. The Kuk name is taken from the famous Kuk UNESCO heritage site in the Western Highlands Province. Potatoes are sourced from local out growers before being processed at a state of the art factory located in Pangia. Kuk Kaukau (sweet potato) was recently launched into the market place, adding to the growing list of high quality Kuk products. Managing Director of the company Mr Ilan Weiss said apart from promoting the company’s food products, they will also share the story of the origin of the Kuk heritage site. “The Kuk brand of frozen kaukau and potato chips is produced from the highlands region of Papua New Guinea. “Kuk is a UNESCO heritage site, where archaeological evidence has discovered that Papua New Guineans are said to be the first prehistory agriculture famers, well before other societies in areas like Europe got into organised farming” Mr Weiss said. “We will also be telling the world that with the application of appropriate technology and utilizing the traditional environment friendly agriculture methods applied by Papua New Guinea small holder/family farmers, PNG can produce some of the best products, including processed organically grown products. “This is also evident from our fresh Ilimo dairy products where the company produce milk and other dairy products like yogurts and ice cream from locally bred cow, using modern technology”. “Unlike the UHT milk that is imported where some nutrients are destroyed in the process. The Ilimo farm milk is fresh milk, comes straight from the cow, making it one of the nutrition rich milk to drink,” he said. He said the milk from Ilimo goes through quality assurance each day at their laboratory before being cleared and certified within internationally accepted health standards by health and food nutrition experts in the company’s laboratory at 14 Mile, outside Port Moresby. Mr Weiss said the company is also investing in aquaculture in the Western Province for the export market and also in cocoa production and processing in the East Sepik Province. “The company is expanding because we have confidence in the ability of Papua New Guinea farmers to produce the best environment friendly organic products that can be supported by modern extension and production technology. “This is the story we are taking to the Dubai Exposition where the world will meet, exchange ideas and make trade and other related connections. “We thank the Government, through the Commissioner General of Expo2020, HE Ambassador Joshua Kalinoe for inviting our company to join in telling the PNG story”. Mr Weiss said.
PNG Business News - June 28, 2021
Vice Minister Richard Masere to Provide Political Oversight on Expo2020 Dubai
To ensure the success of PNG’s participation in Expo2020 in Dubai, UAE, the Prime Minister Hon. James Marape has tasked the Vice Minister Assisting him on Foreign Direct Investment (FDI) Hon. Richard Masere to provide political leadership, guidance and support. The World Expo is of substantial national interest to PNG, and the Prime Minister’s engagement has been well received. Vice Minister Masere was briefed on expo preparations to date, by the core group of the National Coordination Committee, led by the Commissioner General for Expo2020, Ambassador Joshua Kalinoe. He was accompanied by key members of the Task Force on FDI, including Special Economic Advisor to the Deputy Prime Minister and Minister for Commerce & Industry Dulciana Somare and Prime Minister’s Special Envoy on FDI, Ambassador Gabriel Dusava. Vice Minister Masere expressed satisfaction on the preparations and gave an undertaking to work closely with the Expo Secretariat and the National Organising Committee to ensure that we achieve an appropriate return on investment from the programs and projects being developed. With just under 100 days until the official opening of the World Expo, the PNG pavilion contents and interior design will be completed in the next two weeks and the container with display and commercial materials will depart for Dubai on 1 July. PNG intends to use its presence at the expo to attract investment in agriculture, resources, construction, manufacturing, financial services, and renewable energy. It will be an opportunity to showcase the PNG story. “Expo2020 is participative in nature. PNG will be given the opportunity to tell its story, in business, government, SMEs, academia, the arts, culture, tradition and heritage. It will reflect on the beauty and diversity of our great nation, highlighting our tourism industry. There are several theme weeks throughout the 6-month expo program - each representing an opportunity to present PNG in a different light.” The Prime Minister is expected to address members of the Business Council and Manufacturing Council, to encourage support and participation at this prestigious event. Vice Minister Masere said apart from the individual and company participation, the Investment Promotion Authority will also stage weekly roadshows through out the exposition period, promoting the packaged projects and other business opportunities from the private sector and SMEs. “Participation of Expo2020 in Dubai, is as a whole-of-Government NEC approved national event targeted to tell the PNG story, where 200 countries will come together to connect, exchange ideas, tell their respective stories and develop practical investment prospects. Accordingly, the Government will adequately resource and fund our participation as well as continue to provide appropriate political oversight,” Vice Minister Masere said.
PNG Business News - June 15, 2021
PNG Vanilla Company Partners Expo2020 Team
Dr. Nancy Irwin (left) with the Deputy Commissioner General for Expo2020 and Head of the PNG Expo2020 Secretariat, Mrs. Jacinta Warakai-Manua began the partnership to tell the PNG Vanilla story in Dubai, by exchanging ideas in Port Moresby last week. A vanilla production and export company is partnering with the PNG Expo2020 Team to promote their products in the Dubai World Exposition that starts in October this year. KAMAPIM, a company working with landowners in the Madang and Morobe Provinces produces top quality vanilla beans and is already exporting to the EU market. The Managing Director of the company Dr. Nancy Irwin, met with the PNG Commissioner General to Expo2020 Ambassador Joshua Kalinoe and his Deputy Mrs. Jacinta Warakai-Manua in Port Moresby last week to firm up the arrangements. Dr. Irwin said Kamapim (pidgin for develop and to improve) concentrates its efforts in producing the best quality bean for the international market through quality assurance production methods. “PNG farmers can grow anything, they have instinctive ability to grow well any crops. When I first started the project, the quality of the beans were poor, full of fungus due to lack of processing knowledge. We saw huge potential of the organically grown beans and started working with landowners through a cooperative production and marketing structure to improve quality” “The company provide extension services to farmers and buy the beans directly, ensuring farmers are paid a fair price for their efforts”, she said. Dr Irwin said the beans are tested internationally and are consistently classed as the top-quality A grade level. “While PNG has a good perception of growing environment friendly organic vanilla beans, the challenge is for the relevant Government authorities to work with farmers to improve quality. I believe the cooperative production methods applied by our company, Kamapim, could be used nationally as one of the models to improve quality for the export market as well as to maximize revenue gain for farmers”, Dr. Irwin said. She said the company is looking forward to partnering with the PNG Expo2020 Team to tell the PNG story and to connect with niche importers in Dubai and the Arab world in general. Dr. Irwin said the company would promote its products in specially branded PNG Expo2020 containers to create visibility for the country as well as to preserve quality at the company’s cost.
PNG Business News - December 02, 2021
Adyton Resources hits significant copper at Feni Island, Papua New Guinea
Photo credit: Adyton Resources Adyton Resources Corporation has reported significant copper assays at its 100% owned Feni Island Project (Feni) in Papua New Guinea following the completion of the company’s maiden drilling program of five diamond holes (1,982m) in September. The initial objectives of the program were to expand the gold resource as well as test various induced polarisation (IP) anomalies for the potential of a copper porphyry system. Multi-element assays have now been returned with significant copper intersections being recorded from hole ADK004 in two zones – a shallower disseminated zone of copper mineralisation followed by a zone of massive sulphide copper mineralisation: Disseminated Cu + Au: • 35.9m (70.7 to 106.6m) @ 0.3% Cu & 1.1g/t Au Massive sulphide Cu + Au: • 6.4m (149.7 to 156.1m) @ 5.1% Cu & 1.6g/t Au Incl 3.6m (151.5 to 155.1m) @ 6.9% Cu & 2.1g/t Au Incl 0.7m (154.4 to 155.1m) @ 14.5% Cu & 2.4g/t Au Adyton Resources President, Executive Chairman and CEO, Mr Frank Terranova, said the assay results demonstrated Feni’s significant copper potential. “The results confirm that Feni could contain zones of high-grade copper within the extensive gold mineralisation and this confirmation of massive sulphide copper in the system justifies more work which is currently being planned,” Mr Terranova said. “The recent drilling program has highlighted the potential for a significant discovery to be made in the 1.5km long Kabang structural corridor. The corridor is lightly drilled, and going north is covered by younger volcanic cover, which has hindered previous exploration efforts – a focus of the next program will be exploring under this younger cover.” Located in a Tier 1 region along a mineral belt containing the world class Simberi, Lihir, and Panguna gold and copper projects, Mr Terranova added that the model at Feni was for a “Lihir-style” epithermal gold overprint on a deeper porphyry copper system.
PNG Business News - November 30, 2021
Weir Minerals’ new Trio® TC84XR live-shaft cone crusher improves safety, functionality and reliability
Weir Minerals has upgraded its range of Trio® TC live-shaft cone crushers. The Trio® TC84XR features all the robust design elements that have made live-shaft crushers a fixture of the mining and sand and aggregate industries for generations, while also incorporating the latest technology to ensure it remains integral to flowsheets long into the future. ‘The Trio TC cone crushers’ live-shaft design has been proven to perform in heavy-duty secondary and tertiary crushing applications. We wanted to build on this strong foundation. My team followed a comprehensive design process – we’ve reviewed and tested every inch of this crusher. While the TC84XR may seem familiar on the outside, we’ve upgraded its design and control functionality. The motor is larger and it has a much higher crushing capacity compared to equivalent sized crushers,’ Mark Utecht, Weir Minerals’ Director of Comminution Engineering said. ‘The result: we now have an incredibly robust, powerful and technologically advanced crusher that is easy to operate, has a low wear rate and uses less energy, which ultimately lowers operating costs,’ he said. While many OEMs have made the decision to discontinue their live-shaft cone crushers, Weir Minerals has resisted this trend, believing that – because every mining and sand and aggregate operation is different – there can’t be a one-size-fits all approach. Instead, Weir Minerals partners with its customers and empowers them to choose the machine best suited to their crushing needs. There are some applications and situations where pedestal (fixed-shaft) style crushers may be the more appropriate solution, which is why Weir Minerals continues to manufacture the premium Trio® TP pedestal style machine. Weir Minerals is the only global equipment manufacturer that offers both the TC live shaft and TP fixed shaft style machines. ‘The combination of the Trio TP and TC fixed and live-shaft cone crushers ensures that Weir Minerals continue to offer their customers the right technology, regardless of their site structure, operating conditions or application,’ Mark Utecht, Weir Minerals’ Director of Comminution Engineering said. Trio® live- and fixed-shaft cone crushers are made for modern mines and quarries with advanced hydraulics, wear resistant material and the latest technology. ‘This is really exciting for our customers, as they now have a real choice. The combination of our TC and TP series allows us to have an honest conversation with our customers on the options available to them and make a technological recommendation which truly meets their needs,’ Ekkhart Matthies, Weir Minerals’ Global Application Director said. Replacing existing live-shaft style machines on site with the Trio® TC84XR crusher is now a straightforward process because it has very similar dimensions and is a comparable weight to its live-shaft predecessors. And because it produces the same product, downstream changes aren’t required, which isn’t the case when replacing a live-shaft style machine with a fixed-shaft style machine. In other words, there is no need to re-design existing circuits. Technology upgrades The recent technology upgrades in the Trio® TC84XR crusher have improved its safety, functionality and reliability. ‘At Weir Minerals, we understand and appreciate the important role live-shaft cone crushers play in today’s challenging crushing applications. Combining decades of experience and first-hand customer feedback with innovative designs, the highest quality materials and latest in control technology we believe that our new Trio TC84XR cone crusher is the most reliable and robust live-shaft cone in the market today’ Ekkhart Matthies, Weir Minerals Global Application Director said. Engineered to perform in the most extreme applications, the Trio® TC84XR crusher is robust and easy to maintain and operate. It reliably delivers high crushing force and high horsepower in primary, crushed ore and quarry rock applications. The ability of the TC84XR crusher to handle variable feed and crush pebbles is also partly a result of its large motor; it’s been designed with higher power capability than comparable cone crushers. Ultimately, this translates to a higher potential crushing force and therefore increase in production. Another feature that allows it to handle variable feed, as well as deal with tramp material safely, is the fully-automated tramp-release and setting recovery system. The tramp release hydraulics can also be used to safely clear the crushing chamber should a sudden disruption in plant power cause a shut-down of the cone crusher. The socket assembly has been redesigned to improve sealing, which has optimised functionality and manufacturability by reducing the machining setups of the socket and seal rings. The Weir Minerals comminution team has also redesigned the countershaft assembly to remove welding and machining, while simultaneously improving venting and the dust seal. The Trio® TC84XR crusher, like the range of TP series cone crushers, can be fitted with ESCO® wear parts, designed with superior ESCO® alloys, they can be custom designed based on your specific requirements. With over 100 years of casting expertise and in-house engineering and metallurgy, ESCO transforms what was already a robust machine into one that, in the toughest conditions, is unsurpassed. All Trio® equipment is supported by the Weir Minerals unmatched global service centre network – with over 160 facilities worldwide. Further information can be found at https://info.global.weir/trio
PNG Business News - November 26, 2021
PM Marape welcomes K22 billion Budget
Photo credit: PM James Marape News Page - Treasurer Ling-Stuckey tabling the 2022 Budget Prime Minister Hon. James Marape has welcomed the tabling of the record K22.175 billion 2022 Budget by Treasurer Ian Ling-Stuckey in Parliament. He said it would help Papua New Guinea on the path to economic recovery as well as support successful delivery of the 2022 National General Election. “The total Budget of K22.175 billion is 9.3 per cent higher than the 2021 Supplementary Budget, with a revenue envelope of K16.190 billion which is 18.4 per cent higher than the 2021 Supplementary Budget,” PM Marape said. “The fiscal deficit for 2022 is K5.895 billion, which is 5.9 per cent of the 2022 Gross Domestic Product (GDP). Compare this deficit to K6. 6 billion or 7 per cent of GDP in 2021. “In 2022, the PNG economy is projected to grow strongly by 5.4 per cent, from K93 billion in 2021` to K102 billion. “The 2022 Budget will continue the budget repair and economic recovery path, with strong focus on non-resource sector growth, and at the same time support families and businesses. “There will be increased development and capital funding to high priority programmes and sufficient funding for key social sectors to stimulate economic growth. “The delivery of my Government’s third Budget today, despite the many challenges and obstacles, shows clearly the work that we have been doing. “It points to the fact that our path to economic recovery is correct, and with critical analysis by all multilateral Budget partners like Asian Development Bank, International Monetary Fund and World Bank, our positive trajectories show an increase in GDP for next year and beyond as well as a declining budget deficit trend. “The handing down of the Budget is the single most-important parliamentary occasion of any government. “With hangovers and effects of a slowed economy due to COVID-19, your Government has used the last three years of National Budget to ensure our domestic economy was functional and alive, and our crucial services were maintained. “I want to assure our people and all stakeholders in our economy that we are responsible and prudent to ensure expected outcomes of our Budget are achieved.” PM Marape said since his Government took office in May 2019, it had used the Budget to support schools, hospitals, COVID-19 programmes, road construction, SME funds, retiring old debts and contractual obligations, paying outstanding industrial awards, and many others. “Our 2022 Budget embraces our national outcomes including opening up all parts of our country; intervening in sustainable economy; starting up Porgera, Papua LNG and Wafi-Golpu for our economy; paying for our children’s education in 2022 and beyond; building new hospitals; ramping up support to Bougainville; clearing up projects like new Supreme Court Building and ensuring the 2022 General Election is fully funded,” he said. “All the above we are doing whilst maintaining strict discipline in sticking to our money plan, with our development partners observing our discipline to reforms. “Key in our reforms is to borrow low-cost US dollar denominated borrowings like the Australian $400-million dollar and the Japanese Government US$280million 0.01 per cent five-year grace period lending, which all came directly into our economy by way of Budget support. “I just want to assure our people and our economic stake holders that we are going through tough times, but we will use the Budget policies wisely to share the load of burden and also ensure key infrastructure like the 1900 kilometres of road we built the last two years all over rural PNG through our flagship ‘Connect PNG’ programme are continued.” Article courtesy of PM James Marape News Page