Search Results: 2022

To show its commitment to a trade deal with Indonesia, PNG will, according to International Trade and Investment Minister Richard Maru, attend the Trade Expo Indonesia (TEI) 2022, which will be held next month. Maru said it was appropriate given a recent declaration to make commerce with Indonesia a priority and that he had received an official invitat...

Best industry practises and certification standards, according to OIL Palm Minister Francis Maneke, are crucial for both the agriculture sector and the oil palm business. Maneke said that it will make agriculture more sustainable and continue to boost the economy during a sector meeting on Monday in Port Moresby. He complimented the government for d...

Photo credit: Post Courier - Mineral Resources Authority Managing Director Jerry Garry Mineral Resources Authority will continue its significant assignment in putting in place the Mining Control System for other operating mines in the country in the next six months. The project will continue, according to MRA managing director Jerry Garry, with the ...

Photo credit: Sir Ano Pala Facebook Page Sir Ano Pala, Minister for Mining, has been warmly welcomed as the new Minister to steer the sector for the next five years. The Ministry greeted Sir Ano as someone who will lead the sector moving ahead in the next legislative term because of his expertise and insight. Sir Ano has made it clear that he doe...

The potential benefits of an extended labour mobility programme between the two countries have been emphasised by Treasurer Ian Ling-Stuckey and his Australian colleague Jim Chalmers. The doors would be open through Australia's recently expanded labour mobility policies, according to Mr. Ling-Stuckey, if people in PNG opted to travel and fill some of t...

Photo credit: MRDC Dirio Gas and Power’s next project will be to supply 66 megawatts gas fired power station gas for the Ramu Grid. Speaking at the PNG Energy Summit in Port Moresby, Mineral Resource Development Company (MRDC) Chief Operating Officer John Tuaim said Dirio is currently providing a 45 megawatts (MW) gas-fired power station for the Por...

By 2032, it is anticipated that the Papua Liquefied Natural Gas project (Papua LNG) would produce an additional 2–3 million tonnes of liquefied natural gas annually. Given that Total Energies announced FEED (front-end engineering and design) for the Papua LNG Project in July of this year, Minister for Petroleum and Energy Kerenga Kua believes that PNG ...

The fourth Papua New Guinea Energy Summit and Exhibition commenced on the 20th of September 2022 at the Hilton Hotel and will end on the 22nd of September. The theme of the summit is "A New Dawn for PNG's Energy Sector Development." The host sponsor for the Summit is Kumul Petroleum Holdings Limited, whose Managing Director Wapu Sonk gave the opening r...

Photo: Jerry Garry Mineral Resource Authority (MRA) MD predicts strong copper and gold production for Papua New Guinea up to 2050. Wafi-Golpu and Frieda River, Papua New Guinea's two mining "mega projects," might be completed on schedule. Over the next thirty years, New Guinea will rank among the top producers of copper in the world, according to...

Photo credit: Ok Tedi Mining According to Ok Tedi Mining Ltd managing director and chief executive officer Musje Werror, more than 17 million tonnes of copper concentrate have been exported out from the Ok Tedi mine in Papua New Guinea since operations got underway in 1984. Werror travelled to Port Moresby to officially greet the mine's new vessel, ...

Photo credit: Niuminco Group Niuminco Group Limited is pleased to announce that the Group’s application for an extension of term of its Edie Creek mining lease, ML 511, in the Morobe Goldfields of Papua New Guinea has been approved by the Minister for Mining for a further 10 years from 5 October 2021 to 5 October 2031. ML 511 covers 3.89 sqr. kms an...

Photo credit: Newcrest According to managing director Jerry Garry of the Papua New Guinea Mineral Resources Authority (MRA), processing and shipping of the gold or copper from the Wafi-Golpu project will take six years. He commended the province executive council and Morobe Governor Luther Wenge for promoting the project's launch. Wenge announced...

Photo credit: Sam Moko Prime Minister James Marape has ordered officials to halt the issuance of new logging licences until the 205 active ones have undergone "a comprehensive stock-take." “We want to make more money for our country but at a sustainable rate,” he said during a visit to the PNG Forest Authority office in Port Moresby. “This sector...

Photo: Richard Maru According to Richard Maru, the minister for international trade and investment, the feasibility study for a free trade agreement with the People's Republic of China should be carried out before the end of the year. Maru reiterated PNG's commitment to a potential free trade deal with China during a meeting he conducted with Chen J...

Craig Schulz has been appointed as Kumul Petroleum Holdings Limited's new chief operating officer, filling a long-standing vacancy. According to managing director Wapu Sonk, it is essential that they have senior technical management personnel who are sufficient and properly qualified given their current level of operations in the petroleum sector, in n...

The newly formed Papua New Guinea Parliamentary Election Committee has received the backing of the New Zealand Government in order to handle election-related concerns that arose during this election. This was said by Nanaia Mahuta, the minister of foreign affairs for New Zealand, at a news conference that both nations held in Port Moresby. In order ...

Prime Minister Hon. James Marape recently (September 13, 2022) announced 12 Vice-Ministerial allocations, in line with his Government’s focus on ‘Growing the Economy’ and ‘Strengthening Internal Security’. He made the announcements before he left for London to attend the funeral service of Queen Elizabeth II. Of the 12 Vice-Ministers, four will be d...

The economy in Papua New Guinea is forecast to expand by four percent in 2022, up from one percent in the previous year, according to the latest World Bank Economic Update, released recently. This return to growth following a sharp contraction of -3.5 percent in 2020 was mostly driven by strong performance in the non-extractive sector, with agriculture be...