Search Results: 2022

Photo credit: CPL Group - Mr. Navin Raju For its 2021 financial year results, The City Pharmacy Group Limited recorded a trading profit of K23 million. Despite fiercer competition, significant increases in the cost of goods, freight charges, and COVID-19, this represents a 6% gain over 2020. A 4 toea per share full and final dividend has also bee...

Photo credit: Papua New Guinea Today The National Agriculture Quarantine and Inspection Authority has launched its 10-year biosecurity policy 2022-2032, the first for the authority and the country since Independence. The policy will put an emphasis on easing trade inside the nation while also addressing the problems and difficulties the nation faces...

Epiroc has won a large order for mining equipment from Rio Tinto in Australia.  Rio Tinto, one of the world’s largest mining companies, has ordered several Epiroc Pit Viper 271 drill rigs that will be retrofitted by Rio Tinto with autonomous capabilities, as well as SmartROC D65 drill rigs that also are loaded with intelligent features. They will be us...

Photo: The Wantok Shop - Crowne Plaza Residences Port Moresby The ‘Grim Jordan’ paintings on exhibition at the Crowne Plaza Residences Port Moresby, are on display both within the hotel and at the Port Terrace Restaurant & Bar. The unique art pieces showcase a mixture of local traditional culture intrinsically woven into a contemporary and quite de...

Photo credit: Newcrest Mining According to Dr. John Kuwimb, managing director of Kumul Minerals Holdings Ltd (KMHL), the government plans to exercise its option to acquire up to the full 30% equity in the K18.5 billion Wafi-Golpu project in Morobe. Kuwimb stated that KMHL was looking forward to taking part in upcoming projects, particularly those in...

Photo credit: Kumul Mineral Holdings According to a representative, a new company will be established as soon as Mineral Resources Enga (MRE) signs the shareholders' agreement for the new Porgera mine. Kumul Mineral Holdings Ltd (KMHL) managing director Dr. John Kuwimb said: “The moment they sign it, we will move to the next stage (which is) the inc...

Local contractors of Porgera Joint Venture (PJV) and others benefitting from the Porgera mine lost around K110 million since the mine closed two years ago, an official says. According to Nickson Pakea, head of the Porgera Chamber of Commerce and Industry, there were about 700 small-to-medium-sized businesses (SMEs) and 176 contractors affected. “Mos...

The rise of flights into particular provinces and the influx of people into the province are projected to boost domestic tourism in the coming months. According to Eric Uvovo, Chief Executive Officer of the PNG Tourism Promotion Authority (TPA), Domestic travel, he said, is projected to see a significant spike in domestic tourism now that the Nation...

The PNG Extractive Industries Transparency Initiative has praised the Mineral Resources Authority's and mine operators' efforts in developing a digital platform that would give real-time mineral data from all of the country's main mines. According to Lucas Alkan, the National Secretary of the PNG Extractive Industries Transparency Initiative (PNGEITI)....

Photo credit: PNG Haus Bung The National Airports Corporation has inked an agreement with the Port Moresby Technical College to provide students with job opportunities. The MoU is the first of its sort for NAC with a national training institute, according to managing director Rex Kiponge. He stated that NAC and Port Moresby Technical College will...

The funding will be used to rehabilitate six of the 15 ports in Daru, Kavieng, Kimbe, Lae, Lorengau,   Oro Bay and highlands Inland Freight Hub.

Photo: Leon Buskens, Santos Country Chair PNG meeting the 25 new apprentices in Port Moresby before their departure to the Institut Teknologi Petroleum Petronas (INSTEP) in Malaysia. Joining Mr Buskens and the apprentices are members of the Santos Training and People & Culture Teams. Santos is helping to equip Papua New Guinea’s next generation of ...

Photo: PM Marape addressing the crowd in Maprik Prime Minister Hon. James Marape says East Sepik has the potential to become the “economic powerhouse” of Papua New Guinea. He said in Maprik recently (June 22 2022) that because of this potential, and in memory of founding Prime Minister the late Sir Michael Somare, the next Government would be formed...

In the first quarter of 2022, Papua New Guinea welcomed 9845 overseas tourists after the COVID-19 travel restrictions were lifted. Eric Mossman Uvovo, Chief Executive Officer of the Tourism Promotion Authority (TPA), disclosed. He said that in the first quarter of 2022, the country had a 100 percent rise in overseas arrivals, or an additional 4933 p...

A group from the National Fisheries Authority is in General Santos, Philippines, led by board chairman Ango Wangatau, to exchange and gain fisheries expertise and experiences in this region. General Santos is renowned as the Philippines' "Tuna" city capital, and visiting this region provides delegates with first-hand information and improved ideas for ...

The Wafi-Golpu project's State Negotiating Team is thought to be in the final stages of discussions with shareholding companies. However, due to the National General Election, most of the work on the ground has been put on pause. Any development forum procedure that arises following the successful completion of the mining development contract discus...

Photo: Porgera Mine  Given the delayed pace in obtaining stakeholders to sign off on the Porgera Project Commencement Agreement and progress shareholders agreement, the reopening of the Porgera mine is currently on hold. Jerry Garry, managing director of the Mineral Resource Authority, said the State Negotiating Team (SNT) is continuing in talks wit...

Photo credit: ADB The Asian Development Bank’s (ADB) transport investments in the Pacific are expected to reach over $1.6 billion, including $115 million in cofinancing, for 22 projects during the 2022–2024 period, according to the latest issue of the Pacific Transport Update launched today. The Pacific Transport Update 2022 provides an overview of ...