PNG Government Officials & Sector Leaders Announced for 16th PNG Mining & Petroleum Investment Conference
by PNG Business News - November 07, 2022
The PNG Chamber of Mines & Petroleum will host its 16th Mining and Petroleum Investment Conference at the Hilton Hotel in Sydney from the 5th-7th of December 2022. The theme of this year’s conference is: “PNG Resources: “Securing the next wave of responsible investment”.
The Conference draws over 1000 delegates from the global hydrocarbon, minerals and energy industries, the investment sector from around the globe, and is shaping up to be their strongest event to date with the confirmation of the attendance of the PNG Prime Minister the Hon. James Marape (MP), the Hon. Sir Ano Pala (MP) - Minister for Mining (PNG Government) and the Hon. Kerenga Kua (MP) - Minister for Petroleum (PNG Government).
Joining senior PNG government officials will also be some of the most prominent resources sector leaders including Mr. Sandeep Biswas (Managing Director and CEO - Newcrest), Mr. Peter Larden (Chairman and CEO - ExxonMobil PNG Ltd), Mr. Brett Darley (President Upstream Oil & Gas - Santos) and Mr. Musje Werror (Managing Director and CEO - Ok Tedi Mining).
“As a 100% PNG owned mining company, Ok Tedi Mining Limited is once again delighted to participate in the PNG Mining & Petroleum conference and thank the PNG Chamber of Mines & Petroleum for organising this important international event. It is a great opportunity to provide an update of the operations and share the significant contributions Ok Tedi will be making to the Western Province and PNG with the extension of mine life to 2032 and beyond.” – OTML Managing Director and CEO Musje Werror
The PNG Mining and Petroleum Investment Conference is PNG’s preeminent investment conference, held biennially in Sydney with the goal of promoting investment opportunities in PNG’s resources sector which contributes nearly 90% of PNG’s exports. It’s held in Sydney to make it easier for developers, explorers, investors, financiers, suppliers and other interested parties to attend from all over the world. The Conference has a track record of successfully complementing the National Government’s investment promotion efforts and helped attract billions of dollars of international investment into PNG’s resources sector over the past 30 years.
“Its been a tough couple of years for PNG and the world economically, but this is our opportunity, working together with Government, to promote investment in the PNG resources sector to international investors. We believe PNG has a lot to offer the world in terms of minerals and energy. The response from the PNG and international business community to the Conference has been very positive, with almost all sponsorship packages sold early, with all booths in the exhibition spaces sold out, and with the tickets selling rapidly, so I encourage anybody who is interested to go, to head to the conference website at www.pngconference.com and secure a seat” - said Mr Anthony Smaré (President PNG Chamber of Mines and Petroleum)
Day 1’s programme will be moderated by well-known Australian business media personality Ms Ticky Fullerton, Editor-at-large of the Australian newspaper and a former anchor of a number of Australia’s leading business TV programs.
According to Mr Smaré “A successful conference helps the National Government’s efforts with attracting international investment into our country, growing our jobs, creating jobs and business opportunities for PNG SMEs. And this year’s Conference is on track to be the best one yet.”
PNG Business News - October 24, 2022
Award winning journalist and Business Editor at The Australian Newspaper, TICKY FULLERTON is confirmed to moderate and host Day One of the 16th PNG Mining and Petroleum Investment Conference and Exhibition to be held in Sydney 05 - 07 December 2022
With over twenty years at News Corp and the ABC (including as Business Editor), Presenter at Sky News and as an investigative reporter with Four Corners, there is no denying the illustrious Ticky Fullerton is a household name in Australian business circles. She is the author of Watershshed, the first comprehensive book on the future challenges facing Australia in water and the tensions between the many stakeholders in our water future and a director of the CRC for Irrigation futures. The 16th PNG Mining and Petroleum Investment Conference (PNG’s leading investment conference) will be held at the Sydney Hilton Hotel and will feature addresses by government leaders from both PNG and Australia alongside presentations by the leading executives of mining, gas and energy companies with billions of dollars of investments in PNG. Attended by over 1300 international executives from the resources, energy, finance and development sectors, the event will focus on how global mining and energy players are navigating challenges and opportunities globally and the importance of PNG within those international portfolios. “We are excited to announce our return to not just live events but to Australia and to have the remarkable TICKY FULLERTON join us on stage to moderate our opening day at this years' 16th PNG Mining and Petroleum Investment Conference. The three day event will feature keynote addresses by Australian Federal Government Representatives and PNG Ministers of Treasury, Mining, Petroleum and Energy. The chamber is thrilled to warmly welcome all our delegates and partners to what we know will be a stimulating and successful event; the premier meeting place for industry trade.” - Anthony Smare (President - PNG Chamber of Mines and Petroleum) Taking place over 3 days, the annual event allows delegates the unique opportunity to meet with senior decision makers, financiers, investors, operators, suppliers and stakeholders from the PNG minerals, gas and energy sector. As one of the premium events within the sector, the conference program will cover the successful operation of many existing mineral and energy operations, the next wave of new mega-projects and offer delegates the opportunity to learn how the global mining an energy players are navigating the current challenges and opportunities globally. Leading industry experts will discuss PNG’s contributions to global energy transition, including the development of its green hydrogen potential and how PNG looks to the future with its investing of resource-benefits for non-mining growth.
PNG Business News - October 31, 2022
Investors gear up for 2022 PNG Mining and Petroleum Investment Conference
Photo credit: PNG Chamber of Mines and Petroleum The 16th PNG Mining and Petroleum Conference, to be held in Sydney in December, looks set to be sold out in the next 3 weeks with over half of the 1300 seats already snapped up with over a month to go until the Conference, amid a wave of interest from international investors, said PNG Chamber of Mines and Petroleum President Anthony Smaré. The PNG Chamber of Mines & Petroleum will host its 16th Mining and Petroleum Investment Conference at the Hilton Hotel in Sydney from the 5th-7th of December 2022. The theme of this year’s conference is: “PNG Resources: Securing the next wave of responsible investment”. The PNG Mining and Petroleum Investment Conference is PNG’s pre-eminent investment conference, held biennially in Sydney by the PNG Chamber of Mines and Petroleum for over 30 years. The Conference’s purpose is to promote and celebrate investment opportunities in PNG’s resources sector which contributes nearly 90% of PNG’s exports. Its held in Sydney to make it easier for developers, explorers, investors, financiers, suppliers and other interested parties to attend from all over the world. The Conference has a track record of successfully complementing the National Government’s investment promotion efforts and helped attract billions of dollars of international investment into PNG’s resources sector over the past 30 years. The Conference draws over 1300 delegates from the global hydrocarbon, minerals and energy industries, the investment sector from around the globe, as well as representatives of the Australian Federal Government and the PNG Government including the Australian and PNG Prime Ministers and relevant sector Ministers. “Its been a tough couple of years for PNG and the world economically, but this is our opportunity, working together with Government, to promote investment in the PNG resources sector to international investors. We believe PNG has a lot to offer the world in terms of minerals and energy. The response from the PNG and international business community to the Conference has been very positive, with almost all sponsorship packages sold early, with all booths in the exhibition spaces sold out, and with the tickets selling rapidly, so I encourage anybody who is interested to go, to head to the conference website at www.pngconference.com and secure a seat” said Mr Smaré. “The Conference will complement the work that the Marape-Rosso Government has been doing around the world with promoting investment in PNG. Prime Minister Marape and Prime Minister Albanese have been invited to deliver the opening addresses, and the Conference will feature presentations by CEOs and senior executives of some of the world’s largest mining and energy companies, relevant sector Ministers and heads of PNG’s main regulatory agencies and state-owned entities. Day 1’s programme will be moderated by well-known Australian business media personality Ms Ticky Fullerton, Editor-at-large of the Australian newspaper and a former anchor of a number of Australia’s leading business TV programs. According to Mr Smaré “A successful Conference helps the National Government’s efforts with attracting international investment into our country, growing our jobs, creating jobs and business opportunities for PNG SMEs. And this year’s Conference is on track to be the best one yet.”
PNG Business News - November 27, 2022
PM Marape, Ministers and star international business speakers headline PNG Mining & Petroleum Conference in Sydney
Prime Minister Marape headlines a star line-up of speakers at the 16th PNG Mining and Petroleum Conference, in Sydney in December, to promote international investment in PNG. Already over 1000 attendees are registered to attend, as the Conference features a dynamic and engaging program centered around Prime Minister Marape’s announcement of 4 new mega projects and the expected re-opening of Porgera gold mine. Prime Minister Marape will be providing the keynote opening address on Day 1. He will be joined by Australian International Development Minister Pat Conroy. Senior executives of the major international investors in PNG, including Newcrest CEO Sandeep Biswas, Harmony Gold CFO Ms Boipelo Lekubo, TotalEnergies Senior Vice President Mr Julien Pouget, Santos President Upstream Mr Brett Darlie and ExxonMobil PNG Managing Director Mr Peter Larden will be providing a global outlook for their companies’ operations around the world, how they have adapted to emerging trends and how their PNG investments fit into their global portfolios. A highlight will be CEO of Fortescue Future Industries Dr Mark Hutchinson’s presentation of Fortescue’s vision for how green hydrogen can be a gamechanger for the world and PNG’s envisaged role supplying hydrogen to the world. Day 1 concludes with a session featuring former Australian Foreign Affairs Minister, the respected Julie Bishop, presenting her view as to why Australia needs to invest more in PNG, and PNG’s Trade and International Investment Minister Richard Maru outlining the PNG government’s vision for investment and development in non-mining sectors. Each session on Day 1 will feature panels moderated by well-known Australian media personality Ms Ticky Fullerton. Day 2 of the Conference features policy statements by Mining Minister Ano Pala and Petroleum and Energy Minister Kerenga Kua, presentations by Kumul Petroleum and MRDC, project updates on all of PNG’s existing mining and energy projects, and the presentations of the next wave of resource and energy projects – Papua LNG Project, Pnyang LNG Project, Pasca Gas Project and Wafi Gold-Copper Project. Day 3 of the Conference features a unique 3 stream format focused on varied themes including Exploration growth, Climate Change & Energy, Improving Ease of Business, Infrastructure, and Business Success stories. Day 3’s program features a significant list of speakers including heads of government regulatory agencies, CEOs of various PNG and international businesses, and includes international institutions such as the IFC. The Conference concludes with a session that focuses on PNG success stories where resource revenues have been invested for future benefit, and a presentation on the importance of the PNG Sovereign Wealth Fund. “It’s an engaging and dynamic Conference program with a high-profile cast of speakers. I am very grateful for the support that the Prime Minister has provided to the Conference, and the unprecedented participation of Government Ministers and heads of departments and agencies as speakers. Industry and the PNG Government are presenting a united front in promoting PNG as an international investment destination at the Conference. We are pleased that we can work with the Government in this regard. The Prime Minister will be in a unique position in our history by speaking about the advancement of 4 major projects, and the potential doubling of PNG’s GDP in the near future, which can usher in significant economic benefits for our people.” Said Mr Anthony Smaré, President of the Chamber of Mines & Petroleum. “We are also very fortunate that so many high-profile leaders from some of the world’s largest companies have taken time out to come and speak at the Conference to outline why they believe PNG is an important place to invest in. Australian Minister Pat Conroy’s speech will give us an indication of Australia’s view of PNG’s importance. I am personally looking forward to the afternoon session on Day 1 when Julie Bishop will present her view as to why Australia needs to invest more in PNG, and Minister Richard Maru will challenge international companies and countries to invest more into the PNG Government’s investment priority areas such as infrastructure and agriculture.” “Over 1000 people are now registered to attend the Conference, but there is still some seats left, so I encourage business people not already registered, to quickly secure their seats at www.pngconference.com over the next few days. The Conference is unique because you can meet everyone who has a role in PNG’s resources and energy sector - Government policy makers and regulators, the business movers and shakers, landowners, financiers, investors, suppliers and contractors from all over the world – all in one place over three days from 5 to 7 December 2022 at the Sydney Hilton Hotel.”
Paul Oeka - March 27, 2023
Papua LNG project to Minimise Economic Challenges
Photo: Petroleum Minister Kerenga Kua Petroleum Minister Kerenga Kua has recently stated that the Papua LNG project is critical in addressing some of the economic challenges that are currently faced in the country. He said about K75 billion will be generated over a 15 year period when the project is in progress. He added that the initial stages of the project has commenced with K500 million said to be inputted into PNGs foreign exchange capacity in 2023. During a press conference on Thursday the 9th of March, The Petroleum minister highlighted the progressive stages of the Papua LNG project and emphasized the importance and significance of the benefits that the project will provide. According to studies the project life is expected to operate over a 15 year period that will generate about K75 billion and significantly boost Papua New Guinea's struggling economy. "The K75 billion benefit is inclusive of what comes to the state directly as levies, to Kumul Petroleum, to the landowners as royalties and the provincial governments. All of us put together are going to be collecting and sharing that benefit in the next 15 to 20 years", Kua said. Minister Kua said that studies for the Papua LNG project began in 2004 following the discovery by Interoil, the resource estimate is in the range of 6 trillion cubic feet of gas and 98 to 100 million barrels of condensive oil. The benefit of this project is immense and a positive component is the national content which is expected to positively impact GDP, export earnings, forex, revenue to impacted levels of government, landowner benefits and Job opportunities. Minister Kua said the project developer Total Energies will inject K500 million into the PNG economy in 2023. "The Papua LNG project is a project of national significance for Papua New Guinea and will stimulate business confidence and will provide a significant impetus for our economy", "The Marape-Rosso government places high priority on the delivery of the Papua LNG project, we have an improved deal for our people, and improved contribution for our national contractors and workforce. The government strongly supports the Papua LNG project and encourages all stakeholders including project partners to work diligently to deliver the project on time and on budget", Minister Kua said. Petroleum Secretary David Manau was also present at the conference, he highlighted that the petroleum department will work closely with impacted provincial governments and landowners as this is important in ensuring that all stakeholder grievances are discussed and addressed. In light of this, a development forum is expected in the third quarter of this year. Meanwhile, Kua also revealed a unique aspect of the upcoming project which will mitigate the project's carbon footprint and is set to make PNG in becoming the first country in the Asia Pacific region and only the second on the world to re-inject carbon dioxide back into the well pad in a LNG project. He said the re-inspection of carbon dioxide into the well pad is a significant step towards reducing the project's carbon footprint and will help mitigate the environmental impact of the project and contribute to Papua New Guinea's efforts to combat climate change. The Papua LNG project is a joint venture between the PNG government, TotalEnergies and Exxon Mobil. It is one of the largest investments in the country's history and is expected to generate significant revenue for PNG's economy. Total Energies holds 40.1 percent interest in Papua LNG, along with its joint venture partners Exxon Mobil (37.1 percent) and Santos(22.8 percent). The Papua New Guinea government may exercise a back-in right of up to 22.5 percent interest at the Final Investment Decision (FDI) planned by end of 2023 to early 2024 and production will be scheduled for four years later.
PNG Business News - March 27, 2023
WanPNG: The Skills Development and Jobs Platform for the People of Papua New Guinea
Wan PNG is a platform and community dedicated to expanding opportunities for local Papua New Guineans. Its goal is to increase the development and sustainable employment of local PNG talent, so everyone in our great nation can share in newfound resources and growing prosperity. With the goal of empowering individuals and businesses with the skills and people they need to succeed in the 21st century world, the Wan PNG platform spans three core areas for job seekers: Employment opportunities: Gain experience with internships, start earning with entry positions, or upgrade your career with the next big job. Career advice: Advance your career with expert advice and professional resources, and stay up-to-date on the latest news. Education and training: Expand your employment prospects by upgrading your knowledge, skills, and competencies through courses. For employers it provides: Free access to upload jobs and find the best talent. Smart matching between jobs and candidates. Diversity promoting candidate suggestions reaching a wide pool of talent. The platform's primary objective is to promote lifelong learning and employment and simultaneously bridge the skills gap in Papua New Guinea by providing accessible training opportunities to all its citizens. WanPNG believes that by investing in the development of its people, Papua New Guinea can unlock its full potential and become a more prosperous nation. WanPNG is now available for job seekers and employers. Visit the website now at www.wanpng.com to learn more.
PNG Business News - March 27, 2023
St John Ambulance First Aid Training for Workplace
The St John ambulance service responded to over 21,000 emergencies across Papua New Guinea in 2022. In addition to being Papua New Guinea’s main emergency ambulance service, St John is the nation’s leading first aid training provider equipping thousands of workers with essential first aid skills and knowledge. With just one day of training, St John’s expert first aid trainers can equip your workers with the basic skills to handle all kinds of first aid emergencies. Workplace accidents and injuries are a common occurrence and it is essential for employers to have a competent workforce that can respond effectively to emergencies. St John’s workplace first aid courses ensure your workforce is equipped with the first aid training to assist a sick or injured person. It also helps organizations comply with legal requirements, reduce workplace injuries and fatalities and promote a culture of safety and preparedness. The Papua New Guinea St John Ambulance provides training routinely in Port Moresby and Lae, and can facilitate training at any location in PNG, which makes it easy for workers to gain or maintain their first aid qualifications. St John’s first aid trainers come from a variety of backgrounds, enabling them to contribute real-life experiences to the training environment. Each course, based on St John Ambulance Australia’s training resources, goesthrough rigorous appraisal by training and health specialists including St John’s Papua New Guinea’s medical expert advisory panel - made up of some of the industry’s leading physicians and health professionals, who ultimately endorse the clinical training content components of the first aid courses. St John CEO Matt Cannon said, “this rigorous appraisal process gives clients the confidence of St John’s commitment to delivering the highest quality in training content and delivery in Papua New Guinea.” Workplace first aid courses cover a broad range of topics, including basic life support, wound care, bandaging, splinting, CPR and using an AED. Participants learn how to identify and manage different medical emergencies such as heart attacks, strokes, burns, fractures, and poisoning. Each training program is designed to be flexible and can be delivered on-site or at one of our training centres. If you want to ensure that your workplace is prepared to respond to emergencies, contact St John today to learn more about our workplace first aid training.