Search Results: 2022

Timothy Masiu, the Papua New Guinea Minister for Information and Communications Technology, has welcomed the National Information and Communications Technology Authority's (NICTA) decision to give formal written consent on the transfer of license rights to Telstra as a result of Digicel Pacific's proposed acquisition, particularly on Digicel PNG Limited a...

When the Porgera mine reopens, Papua New Guinea Prime Minister James Marape says 3,500 former employees would be given "first consideration for jobs." According to him, the government had requested that all former mine personnel be given priority consideration. Marape was responding to a question about the Porgera Mine and Allied Workers Union urging t...

Black swan International has appointed and announced Mr. Shane Harden as their new General Manager in February earlier this year, 2022.  Shane’s appointment as General Manager of Black Swan International brings a wealth of senior management and security expertise as he has a great track record built on his experience in the Australian Army followed by a s...

Photo credit: Geopacific Resources - Figure 1: Kulumadau cross section Geopacific Resources Ltd is pleased to provide further updates on its successful grade control and resource extension drilling at the Woodlark Gold Project. Chief Executive Officer, Tim Richards commented  “The grade control drilling campaign continues to deliver encouraging...

Photo credit: Holiday Inn & Suites Port Moresby A powerful panel of five (5) consisting of three female leaders in the community and two male IHG leaders were on centre stage at the hotel’s Gekko Bar. Surrounded by an audience of Holiday Inn staff and management, the theme #BreakingTheBias was the focus of the day. Sharing experiences, overcomin...

The K19 billion (US$5.4 billion) Wafi-Golpu project must benefit landowners and the people of Morobe, according to Papua New Guinea's Morobe Governor Ginson Saonu. “The ongoing development of the Wafi-Golpu mining project (shows) our commitment to ensure that the people of Morobe favourably benefit from this project,” he said. “The Morobe government...

According to kina Bank's chief executive officer Greg Pawson, the Papua New Guinea economy would revive this year, with positive gross domestic product (GPD) growth. In Port Moresby, Pawson noted that the government's support for resource projects such as Papua LNG, as well as more to come, will bring foreign investment into the country over the next s...

Following the Independent Consumer and Competition Commission's decision to reject Kina Bank's bid to buy Westpac's interest in Westpac PNG Limited, Kina Bamk would no longer explore the Westpac purchase deal. According to Kina Bank CEO Greg Pawson, this is the case. Mr Pawson explained that one of the factors that made it difficult for Kina Bank in...

Photo credit: Loop PNG Bougainville communities will benefit from a new K10 million grant to help 25 Bougainville cocoa cooperatives under the Bougainville Partnership Commodity Support Facility (CSF). The money provided to the Takuina Women's Business Group, according to Noelyn Lasua of the Takuina Women's Business Group, would yield positive outco...

Hon. Prime Minister James Marape has announced the payment of K33.7 million to upstream PNG LNG Project landowners of Petroleum Development License (PDL) 7 in Hela, consisting of K19.7 million in cash and K14 million in project component. The Mineral Resources Development Company was used to make the payment (MRDC). PDL 7 was one of a series of upst...

Photo credit: Christine Gneh According to a new World Bank estimate, Papua New Guinea's GDP is expected to increase by 4% in 2022, owing mostly to expansion in the extractives industry. The research, PNG Economic Update: Navigating a Fragile Recovery, examined major recent changes in PNG's economy and placed them in a longer-term and global perspect...

Photo credit: Tourism Promotion Authority According to the PNG Tourism Promotion Authority, Papua New Guinea will soon be promoted as a tourist destination in the Gulf and Middle East areas (TPA). This comes after TPA and Across Borders Travel, a Dubai-based marketing and representation organization, signed a memorandum of agreement (MoU) in Dubai, ...

The PNG Forestry Authority has struck a deal with Total Energies to build 10,000 hectares of industrial forest in the Varagadi district of Central Province. Within 20 years, the initiative aims to convert 800,000 hectares of main grasslands in PNG into industrial forest plantations. Goodwill Amos, director of the PNG Forest Research Institute, said ...

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 th...

Photo: CEFI and key stakeholders pose for a group photo after the meeting The Centre for Excellence in Financial Inclusion (CEFI) is partnering with key stakeholders and government agencies to drive the plan for Green Finance in Papua New Guinea (PNG). On February 23 the Inclusive Green Finance Policy (IGFP) Project Technical Working Group (TWG) hel...

The Independent Consumer and Competition Commission has begun the process of rescinding its recent authorization determination for the Link PNG and PNG Air codeshare agreement. The authorization was given with specific requirements for Link PNG and PNG Air to meet before it becomes operational, according to ICCC Commissioner and Chief Executive Officer...

As the new National Energy Authority (NEA) develops from strength to strength within a year of its inception, structural changes to boost energy output and tap into Papua New Guinea's alternative power-generation sources continue. Hon. Saki Soloma gave the country an update on the NEA's work since its two enabling legislation, the National Energy Act 2...

Photo: Vision City Branch, Kina Bank, Papua New Guinea Kina Securities Ltd (KSL) reported a net profit of K96.2 million for the 2021 financial year, up 27% from the previous year's statutory net profit of K70.8 million. One-time expenditures linked with the termination of the Westpac purchase, according to the bank, harmed the statutory results. ...