Search Results: 2022

Photo credit: K92 Mining Inc K92 Mining Inc is pleased to announce results from the first two surface holes at Kora South and Judd South and from the property-wide airborne geophysics program at the Kainantu gold mine in Papua New Guinea. This is the first time that drilling at Kora South and Judd South had been undertaken from surface by either K92 or...

Photo credit: Geopacific Resources - Mining lease exploration target areas Chief Executive Officer, Tim Richards, said: “The drilling campaign continues to deliver exceptional results. Grade control drilling supports our view that there is considerable upside potential within the existing pit shells, whilst first results from resource extension drillin...

Photo credit: Tech Pacific - PNG Treasurer Ling-Stuckey Concludes Negotiations with Testra CEO , Andy Penn  According to Treasurer Ian Ling-Stuckey, modernizing Papua New Guinea's telecommunications industry can assist the country's economy to evolve. Ling-Stuckey stated in discussions with Telstra chief executive officer Andy Penn in Melbourne earl...

Photo: Bank of Papua New Guinea According to a top official, the volume of foreign exchange in Papua New Guinea increased over a six-month period last year. Benny Popoitai, the acting governor of the Bank of Papua New Guinea, said this was mainly owing to the World Bank's budget assistance loan, liquefied natural gas (LNG) tax collections, and donor...

Photo credit: David Shields According to an official, the reopening of the Porgera mine would allow the Enga Women in Agriculture Association (Ewaa) to produce honey and vegetables. Margaret Potane, the president of Ewaa, said the organization's goal was to get women in the province involved in honey production. “Following the signing of the agre...

According to Justin Ilakini, acting managing director of the National Fisheries Authority (NFA), the government needs favorable rules in place to entice vessels to fish in the country's fishing zones under the Papua New Guinea flag. According to Ilakini, this will boost the country's development of a viable fisheries industry. In recent years, he ad...

Photo: Napa Napa Oil Refinery in Port Moresby Puma Energy PNG, the country's largest fuel and energy provider, claims that changes in crude prices have a direct influence on energy market import parity pricing. Import parity pricing is a pricing mechanism used by goods providers to establish prices for their domestic sales to domestic consumers base...

Improved availability of disease- and pest-resistant crops, as well as nutritious crop types, is helping the ABG Department of Primary Industries boost its food systems. Through the Pacific Regional Integrated Food and Nutrition Security Program to COVID-19 project, this initiative is being carried out in collaboration with the Pacific Community Land R...

The Simbu Provincial Government has signed a K850,000 project agreement with the National Fisheries Authority to build a new training and office facility in Kundiawa. More than 23,000 inland fish farmers in the province will benefit from the facility's basic instruction on how to manage and expand their fish farms. The agreement will see NFA pay for...

Walter Schnaubelt, the country's new Civil Aviation Minister, is committed to improving the country's aviation industry. It is reported that the new minister is interested in knowing what hurdles and difficulties are being faced by the aviation sector participants so that they can adjust and improve within a short period of time, according to him. B...

Hon. ABG President Ishmael Toroama has urged the Panguna Landowners to collaborate with the government to ensure Bougainville's political and economic independence. President Toroama delivered this declaration today at the Panguna Chief Summit in Central Bougainville at Tunuru Catholic Parish. President Toroama stated that the moment has come for Bo...

Photo credit: Department of PM&NEC Marape was pleased with the overall conclusion of the visit, which re-establishes, confirms, and enhances PNG's strong ties with China. He said this following a historic Saturday evening virtual meeting with Chinese Premier Li Keqiang. The two Leaders reiterated and announced a considerable set of deliverables ...

Petroleum Minister Kerenga Kua attended a virtual meeting in Beijing with Snr Vice President of Chinese Petroleum Giant SINOPEC. Minister Kua accompanied Prime Minister James Marape to Beijing and held a separate meeting to discuss various aspects of PNG's petroleum business, including how SINOPEC can best partner in upstream and downstream processing ...

According to Fisheries Minister Dr Lino Tom, the signing of the Trade Protocol Agreement for the export of Live Marine Products to the Chinese market was a success. Minister Tom expressed his delight, adding that the Fisheries Sector's trip to China with Prime Minister James Marape was a success. ''We successfully signed the Trade Protocol Agreement...

Hon James Marape has praised and congratulated China's leadership for allowing for a very beneficial interaction to extend their country's continuous interest in Papua New Guinea's oil and gas industry, notably in two of the country's most important gas projects, Papua LNG and P'nyang. This was expressed by the Prime Minister in reference to discussion...

Photo: Commissioner-General Sam Koim According to Commissioner-General Sam Koim, the Internal Income Commission (IRC) expects to earn roughly K9.3 billion in tax revenue this year. In response to an inquiry, Koim stated that the IRC's income objective had been boosted by around K1.4 billion by the government. “Last year, we collected, in terms of ne...

Geopacific Resources, an Australian mining company, has halted operations on its Woodlark gold and silver project in Milne Bay, Papua New Guinea, as it reviews cost projections and timetables. Geopacific predicted in December that Woodlark's capital costs would almost certainly rise. "Having recently been chosen as chairperson, I am focused on ensur...

“Announcements by investors in Papua New Guinea and the South Pacific has demonstrated a strong international investment intention that will lift economic activities for PNG and the South Pacific in 2022,” says BSP Group General Manager Corporate Bank, Peter Beswick. The rise in business confidence for the year 2022 is attributed to company investments...