On 19 August 2020, Kumul Petroleum Holdings Limited (Kumul Petroleum) signed an MOA with the Ministry of Health and Port Moresby General Hospital to support the improvement of the Port Moresby General Hospital National Heart Centre. Today, nine months later, Kumul Petroleum follows through on this commitment with the presentation of the first set of speci...

Flat pack building specialist Ark Pacific is further expanding its business in Papua New Guinea while simultaneously exploring opportunities in both Africa and Indonesia.  The company’s growth and international business development initiatives are on the back of 10+ years’ project delivery in Papua New Guinea, primarily in the resources sector. The fir...

Photo Credit: Post Courier In the year 2020, Exxonmobil PNG has invested a total of K8.4 million in local communities through contributions, sponsorships, in-kind assistance, and community-based initiatives. Through tax credit initiatives, an additional K57.4 million was spent on local infrastructure. Despite multiple COVID-19 challenges, EMPNG's...

Weir Minerals, global leader in the provision of mill circuit technology, dewatering solutions and services, has launched the new Multiflo® MudfloTM hydraulic submersible slurry pump. Engineered for abrasive applications and large particle handling, the Multiflo® MudfloTM pump features a hydraulically driven wet-end specifically designed to efficiently an...

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 produ...

Photo Credit: Kina Asset Management Limited - Portfolio Allocation as at 31st May 2021 For the fiscal year ending December 31, 2020, Kina Asset Management Limited made a net profit of K3.3 million. Shareholders benefited from a 6.2 per cent portfolio return in a market that has begun to recover from the significant drops saw in the first quarter of ...

Ok Tedi Mining Limited (OTML) commemorated the World Environment Day on June 5th by planting over 1,000 trees in Tabubil, and at its Mine Waste Management project site at Bige located 80 kilometres downriver from the mine. In line with this year’s World Environment Day (WED) Theme ‘Ecosystem Restoration’, the Bige project is testament of the company’s ...

Photo of: Tasman Samuel, General Manager, Colony Papua New Guinea Colony is a 100% independent, full-service strategic communications agency that had its inception in Asia-Pacific in 2012. So, it’s only befitting that for the first time ever Colony were a Diamond Sponsor of the 36th Australia Papua New Guinea Business Forum and Trade Expo along with K...

Swire Shipping serves the many communities in the Pacific which are directly impacted by global warming. “With many communities at risk of disappearing we must take action to drive change. We are committed to reducing our GHG footprint, ultimately to net zero by, and preferably well before, 2050,” said James Woodrow, Managing Director, The China Naviga...

Kina Bank is pleased to announce the appointment of Judith Ugava-Taunao as Chief of Staff reporting directly to the Chief Executive Officer. In this new senior leadership role, Judith will take a position on the Executive Committee, demonstrating Kina’s continued commitment to promoting PNG women into leadership roles. Judith joins Kina Bank with a dis...

Ok Tedi Mining Limited (OTML) launched its COVID-19 Vaccination Roll-out on Friday 21st May in Tabubil, Western Province. The launching marked the first batch of 1,000 doses of the AstraZeneca vaccine which OTML received from the National Department of Health on Wednesday 19th May. OTML Managing Director and Chief Executive Officer Musje Werror with...

The Bank South Pacific Financial Group Ltd has had its application to join the Australian Securities Exchange (ASX) accepted. The bank will be listed on the ASX this week, according to Group Chief Executive Officer Robin Fleming, and shareholders will be able to transfer partial shares to the ASX. “We were listed on the PNGX (PNG Stock Exchange) in ...

In the first quarter of 2021, South Pacific Financial Group Ltd recorded a net profit of K203 million. According to the bank, this is a 2.6 per cent decrease from the first quarter of 2020, owing to a decrease in net insurance revenue and a rise in computing costs. Some highlights included net assets of K3.6 billion, a cost to income ratio of 40.3 p...

Weir Minerals is proud to announce another major order of Enduron® HPGR in Gold application with our valued Customer IAMGOLD. An Enduron® HPGR with rolls measuring 2.4 m x 2.4 m (length : diameter) will be installed at IAMGOLD's Côté Gold Project. This will be the largest HPGR in Canada and the largest in the world in a gold hard rock application. W...

  New analysis lays out the scale of the mining industry’s energy use and identifies ways it can be reduced using currently available technologies Materials such as copper, lithium and nickel play an essential role in the technologies like electric vehicles and renewables that will help the world meet its decarbonisation targets As demand for th...

According to South Pacific Brewery managing director Ed Weggemans, the national isolation strategy's ban on the selling of alcohol has resulted in a sales loss of K21.46 million. According to Weggemans, this amounted to an 85 per cent drop in the volume of sales in the closed channels, which would have provided K17.08 million in excise duty and K4.38 m...