PNG INDUSTRIAL AND MINING RESOURCES EXHIBITION 2022

by PNG Business News - March 10, 2022

A Premier industry event for Australia and Papua New Guinea The 2022 PNG Industrial & Mining Resources Exhibition will showcase over 100 local, national and international manufacturers and suppliers with the latest innovations in the supply of services and equipment for the industrial, mining and oil & gas sectors. 

The two-day exhibition is the premier meeting place to connect and network with thousands of industry decision makers across a broad industry reach including: Senior Management, Procurement, Government Personnel, Engineers, Contractors and Trade Technicians. 

This year, exhibitors will have the opportunity to attend a free How To Do Business in PNG Seminar, and give a short presentation across one of two Conference stages on the exhibition floor over the two days. 

An Industry Networking Event will also run in support of the trade show.

TRADING HOURS: Wednesday 8 June 9am - 4pm Thursday 9 June 9am - 4pm 

REGISTERED ATTENDEE FIGURES: 2019 2,180+

CONTACT: Patrick McElligott - Patrick@ttmediagroup.co.nz

 



Related Articles

Business

PNG Business News - March 09, 2022

PNG-UAE Commodity Trade Potentials Boosted

Potential for PNG-UAE commodity trade, including in mineral products will soon be boosted with the involvement of UAE state-owned companies and other private investors closely connected to the country's Royal families. This is possible through the aggressive implementation of the target-based investment, trade and market access strategic framework by the PNG Expo2020 Pavilion in Dubai. The framework was approved by the Marape Cabinet as part of the Government's policy to increase trade and investment with the focus on using the international economy to facilitate domestic economic growth. The PNG team in Dubai has made important investment and trade connections with both private and public sector business organisations, including the state-owned commodity trade facilitating agency, the Dubai Mutli-Commodities Centre (DMCC). A Letter of Intent (LOI) has been exchanged between PNG and DMCC for trade in commodities, including in agriculture and mineral products. Commissioner General for Expo2020 and Papua New Guinea's Ambassador to Belgium and the European Union, HE Joshua Kalinoe said with K3m investment by the Government in the PNG Pavilion programme in Dubai, the country is to immediately bring in millions of Kina and in the medium-to-long term billions of Kina from the trade and investment connections that are being made. " We have recently announced a carbon trade partnership between a PNG timber concession permit company and an international environment conservation company that will result in sustainable millions of revenue flow annually for both the Government and the landowners for many years to come. "We expect to soon announce major partnerships in commodity trade, including in mineral products", Ambassador Kalinoe said. He said the Pavilion Operations will come to an end on 31 March with the closure of Expo2020 and the Minister for Foreign Affairs & International Trade, Hon Soroi Eoe, is expected to officiate at the closing ceremony. The Minister will also address the Pavilion's last business forum under the Expo2020 programme on 29 March. The forum will be organised in partnership with a Dubai-based investment company, IBMC, and is aimed at bringing the PNG-UAE businesses and Governments together. "I am hoping that one or two important partnership arrangements will be announced, at this final business forum," Ambassador Kalinoe said.   Article courtesy of PNG Expo

Business

PNG Business News - March 31, 2021

PNG Ports Explains Their Decision to Deal with Covid-19

COVID-19 had a major impact on Papua New Guinea's exports and port movement, but the PNG Ports Corporation had taken political decisions to handle the situation. In recent months, the world has seen and continues to see a significant shift in everyday lives, which has had significant implications for industry, commerce, and transportation. The pandemic's emergence altered both economic and trade forecasts for 2020. New predictions have reduced forecasts to negative 4.9 per cent, down from an estimate of 3.6 per cent increase in container trade worldwide in the fourth quarter of 2019 to 2.5 per cent in January 2020. PNG Ports chairman Kepas Wali clarified that the company's earnings were the result of tight cost-cutting steps and prudent decisions taken by management. Last year, he said, the closing of borders and prohibitions surrounding the COVID-19 pandemic struck PNG Ports hard, which is dependent on trade. Despite COVID-19, PNG Ports has continued to operate all of its ports. “When COVID-19 hit the country and the world, the management of PNG Ports worked quickly and instituted certain protocols and prevention measures just so we can maintain our ports operations,” he said. “The management’s quick response to the situation has made it possible for all ports to operate during the hit by the pandemic through until now.” He said the pandemic's consequences on the company were expensive, but PNG Ports is happy with the positive results obtained by their management's swift reaction and aims to continue this going forward.

Company

PNG Business News - March 25, 2021

PNG Ports Corporation Records K83mil Profit

PNG Ports Corporation has reported a profit of K83 million for the full year of 2019. This permitted Kumul Consolidated Holdings (KCH) to receive a full-year dividend payment of K21 million, which was finalized yesterday with the presentation of K11.4 million to KCH as a second payment following the first part of K9.6 million paid in November. Chairman Kepas Wali said PNG Ports had had a challenging two years, with the Covid-19 impacting the majority of its business. “We saw a decline in shipment and cargo through our ports, but because management instituted certain stringent measures in management and costs, PNG Ports has been able to maintain a healthy bottom line,” he said. “Despite the Covid-19, we have been able to maintain the ports operationally. Management quickly introduced certain protocols at the ports when the pandemic hit to keep the ports operating. There wasn’t any stage that the ports were closed down. They (PNG Ports Corporation) were able to separate the operation of the ships from the shore so shipping continued and cargo was still transmitted through our shores.” Wali also explained that the dividend was based on a loan agreement they had with Bank South Pacific (BSP), which stipulated that only 25% of profits could be paid out as dividends. The dividend payment for 2019 was timely, according to KCH managing director Isikeli Taureka, since the money would be injected into other state-owned enterprises (SOEs) that were struggling during the Covid-19 period. “One of the things we appreciated is that apart from the major ports, most of the secondary ports around the country are at least recovering cost and breaking even.” The dividend payment was agreed by State Enterprise Minister William Duma. PNG Ports, according to Duma, has been a reliable performer over the years. He stated that the K21 million spent in 2019 was a good effort. “We need every toea and the K21 million is a lot of money and in times like these millions of kina makes a big difference,” he said. PNG Ports Corporation has also paid the government a total of K43 million in royalties.


Recent Articles

Company

PNG Business News - May 16, 2022

Get over it... with PNG Forest Products' NiuBridge

Photo: NiuBridge on the Boluminski Hwy, New Ireland, PNG You know how they say, “Build a bridge… and get over it”?  Well with PNGFP NiuBridge you don’t have to build it, because it’s already built! These expertly designed and engineered modular bridges are prefabricated to your specifications by PNG Forest Products. With a design life of 50+ years and installed cost base typically under half that of equivalent concrete or steel, NiuBridge is the ideal, most cost-effective solution for bridging installations in Papua New Guinea.  The NiuBridge System includes deck, girders, kerbing and accessories, and comes with a pre-applied bitumen surface. Little maintenance is required thanks to PNGFP’s unique veneer preservation treatment, ensuring complete protection from termites and rotting. NiuBridge is manufactured from PNG plantation pine to both AS/NZS 2269 and AS/NZS 1604 standards and exploits the advantages of natural timber, which is not subject to fatigue failure, unlike other materials such as steel and concrete. Available in single lane, dual lane, or custom design, NiuBridge is suitable for a range of load conditions including Austroads T44 and AS 500 Bridge Design.  NiuBridge and sister product NiuDeck are widely used by local and state governments across Australia. The peak body for the timber industry in Queensland has welcomed these products as a demonstration of the versatility and innovation of using Engineered Wood Products in bridge construction. “Using prefabricated timber systems in bridges is gaining greater market recognition due to their inherent strength, light weight and low carbon emissions footprint compared to other construction materials”, said the CEO of Timber Queensland, Mick Stephens. So next time you need to get over it, don’t waste valuable time and loads of money building a bridge. Buy a NiuBridge and get over it sooner and more cost effectively!

Company

PNG Business News - May 16, 2022

Need help with to live, work and study in Australia and with student enrolments in EQI accredited schools? Ask Migration Plus!

Photo credit: Migration Plus Migration Plus is a leading Migration firm in Cairns, in the Far North Queensland region providing professional migration advice to students, individuals, government, businesses and corporate groups including the mining, hospitality, tourism, agricultural and air services industries. Migration Plus are also Education Agents with Qualified Education Counsellors on their team and they represent a number of reputable universities and colleges across Australia, including Education Queensland International (EQI) for student enrolments.  They work closely with EQI and have successfully assisted PNG students enrol in schools across Queensland and also assisted with visa applications for the students for many years.   With Australian borders opening to international visitors, temporary workers and international students, they can assist you with all migration matters for your business and family to visit, work or study in Australia.  Now is the time to start your children’s enrolment to study in any of the EQI’s accredited schools from Prep to Year 12.  Education Counsellors at Migration Plus can assist your children’s enrolment for Year 10, Semester 2, the important pathway into senior high school subjects through the Senior Education and Training Plan. Semester 2 commences in July 2022. With an in-depth knowledge of migration law, their specialist team provides a complete solution to your migration requirements and coordinate all facets of your migration needs. The Migration Plus team is very passionate about what they we do – the rewards of being able to assist in changing lives and helping clients achieve their goals is first and foremost.  With over 90 years of combined experience available to you, you can count on their highly specialised team for accurate advice. Contact the Specialist team for further information.

Business

Marcelle P. Villegas - May 16, 2022

Australia Opens Its Doors to International Students

Photo credit: Education Queensland International “International students are an important part of the Australian community, and we are excited to welcome them back to our classrooms, campuses and communities.”  This was the announcement posted on their website by the Australian Government last February to herald the reopening of international travel to students. “Australia’s borders are open to fully vaccinated international students and Temporary Graduate (subclass 485) visa holders.” [1] “From 21 February 2022, all visa holders who are fully vaccinated for international travel purposes can travel to Australia without a travel exemption. Unvaccinated visa holders will still need to be in an exempt category or hold an individual travel exemption to enter Australia.” [2] The Australian Government said that international students will be subject to Australian Government border restrictions and any State and Territory quarantine and testing requirements. Quarantine and testing arrangements for State and Territories are frequently changing. Therefore, international students are advised to visit www.Australia.gov.au/states to be updated with the latest information and announcements of the Australian Government. In relation to this, the Department of Education, Skills and Employment has developed a “factsheet on the reopening of international travel to students” which is available for downloading from the website. [3] “All visa holders who are fully vaccinated in accordance with Australia’s international border entry requirements are able to arrive in Australia without needing an approved travel exemption. This includes fully vaccinated international students.” [1] Here are more important reminders from the Australian Government: People who do not meet Australia’s vaccination requirements for international travel must apply for a travel exemption to travel to Australia, unless they are in an exempt category. Visa holders who arrive in Australia may have their visa cancelled and be detained and removed if they: are not fully vaccinated for international travel purposes in accordance with Australia’s border entry requirements; or do not have a medical contraindication to a COVID-19 vaccine as defined by the Australian Government; or are not in an exempt category or hold an individual travel exemption. To be considered as “fully vaccinated for international travel purpose” to or from Australia, one should have completed a primary course of a vaccine approved or recognized by the Therapeutic Goods Administration (TGA). This includes mixed doses. The currently approved or recognised vaccines for travel are the following: Two doses at least 14 days apart of AstraZeneca Vaxzevria, AstraZeneca Covishield, Pfizer/Biontech Comirnaty, Moderna Spikevax or Takeda, Sinovac Coronavac, Bharat Biotech Covaxin, Sinopharm BBIBP-CorV (for people under 60 years of age on arrival in Australia), Gamaleya Research Institute Sputnik V, Novavax/Biocelect Nuvaxovid. Single-dose dose of Johnson & Johnson/ Janssen-Cilag COVID Vaccine are also in the list of approved and recognized vaccines. “At least 7 days must have passed since the final dose of vaccine in a course of immunisation for you to be considered fully vaccinated for international travel purposes. Mixed doses count towards being fully vaccinated as long as all vaccines are approved or recognised by the TGA.” How about exceptions for vaccination requirements and arrangement for children? “People with acceptable proof they cannot be vaccinated for medical reasons, and children under 12, can access the same travel arrangement as people who are fully vaccinated for international travel purposes.” Moreover, temporary visa holders who are younger than 18 years old at the time of departure for international travel to Australia do not require an approved travel exemption when the child is travelling with at least one adult who is fully vaccinated for international travel purposes. “Unvaccinated or partially vaccinated children aged 12-17 years old entering Australia may be exempt from passenger caps and eligible for reduced quarantine requirements. Travellers should always check the quarantine requirements for the state or territory they plan to travel to, or transit through, prior to arranging their travel.” “If the child is travelling with unvaccinated adult family members, then the entire family group will be subject to managed quarantine and passenger caps.” For more information on vaccination travel requirements, quarantine rules, and other related matter, visit https://covid19.homeaffairs.gov.au/vaccinated-travellers.   Reference: [1] https://www.dese.gov.au/reopening-international-travel-students [2] https://covid19.homeaffairs.gov.au/vaccinated-travellers [3] Factsheet on the reopening of international travel to students https://www.dese.gov.au/reopening-international-travel-students/resources/factsheet-reopening-international-travel-students

Join Papua New Guinea's

Business Community

Be the "First" to get our exclusive Digital Magazine & Weekly Newsletter.