Search Results: 2022

Prime Minister Hon. James Marape reaffirmed the substantial progress made by Papua New Guinea since his inaugural address at the Lowy Institute in Sydney, Australia, in July 2019. Addressing the Lowy Institute on Monday, December 11, 2023, Prime Minister Marape outlined significant achievements and acknowledged persisting challenges that require attent...

Prime Minister Hon. James Marape expressed his wholehearted endorsement for the groundbreaking K27.377 billion 2024 Budget, presented in Parliament by Treasurer Hon. Ian Ling-Stuckey. The budget, anchored in the theme ‘Securing Our Future,’ reflects a commitment to propelling Papua New Guinea into economic prosperity with pro-development focus as well as ...

25 November is the International Day for the Elimination of Violence Against Women (EVAW) and once again, Santos and the Santos Foundation have demonstrated ongoing commitment to end all forms of violence against women and girls by leading the annual Bel isi PNG organised EVAW walk in Port Moresby. In a show of solidarity were Bel isi PNG key donors, i...

The US Chamber of Commerce (USCC), the world’s largest business federation and biggest lobby group in the United States, will work at helping to find investors for Papua New Guinea, Prime Minister Hon. James Marape was told. USCC Executive Director – South East Asia, John Goyer said this when he met with Prime Minister Marape on the sidelines of APEC L...

Prime Minister Hon. James Marape has met with the United States International Development Finance Corporation (DFC), America’s development finance institution that funds private sector-based projects and businesses right across the world. The Prime Minister met with Scott Nathan, Chief Executive Officer of DFC, in San Francisco on the margins of the As...

The global financial landscape has seen a rapid transformation in the last decade, driven by a growing emphasis on environmental sustainability. In this new era, institutions, businesses, and individuals are increasingly recognising the rewards from integrating environmental, social, and governance (ESG) factors into their investment decisions. This co...

In addition to its core business of harbour towage, Pacific Towing (PacTow) provides salvage, emergency response, and spill response services in PNG and the broader region.  These services have increased in frequency together with the growth of PNG’s oil and gas sector, as well as the increase in Melanesia’s marine traffic.  PacTow has been involved in...

Shareholders of the Ok Tedi Mining Limited (OTML) have a reason to smile today as the Company paid an interim dividend of K100M on Thursday October 26th while also citing a positive outlook for a final dividend payment for December 2023. OTML Board Chairman Jeffrey Innes said, “We are proud to say that OTML is committed to deliver maximum returns to ou...

Prime Minister Hon. James Marape has urged participants of the three-day World Indigenous Business Forum (WIBF) in Port Moresby to "think globally and act locally" in as far as international commerce and trade is concerned. This message was conveyed recently as Prime Minister Marape inaugurated the three-day WIBF, hosted at the APEC Haus in Port Moresb...

Like other developing nations, Papua New Guinea has its fair share of problems including illiteracy and a dying need for human capital development especially for the youths who make up the majority of the country's population Life PNG Care is becoming a beacon of light for the silent majority of the population which are the children who will be the leader...

K92 Mining Inc. announces production results for the third quarter of 2023 at its Kainantu Gold Mine in Papua New Guinea, of 26,225 oz AuEq or 22,227 oz gold, 1,784,009 lbs copper and 40,233 oz silver. Sales during the quarter were 18,339 oz gold, 1,255,291 lbs copper and 30,484 oz silver. Production for the quarter was impacted from the safety inciden...

The Bank of Papua New Guinea presented to the Port Moresby Chamber of Commerce and Industry the September 2023 Monetary Policy Statement at the Hilton Hotel on the 4th of October 2023. Ms. Elizabeth Genia, Acting Governor of the Bank of PNG, said: "I would like to thank the POMCCI for inviting the Bank of Papua New Guinea to present the September Monet...

As part of our commitment to education and the future of a skilled workforce in Papua New Guinea. Ok Tedi Mining Limited (OTML) is proudly supporting the University of Papua New Guinea's Earth Sciences Division in hosting the 2023 UPNG Geosciences Open Day with K5000. Scheduled for October 6th, 2023, at UPNG's Waigani Campus in Port Moresby, the 2023 U...

K92 Mining Inc. is pleased to announce that it has entered into a loan agreement with Trafigura Pte Ltd, a market leader in the global commodities industry, pursuant to which Trafigura will provide a US$100 million senior secured loan to K92. In addition, the Papua New Guinea subsidiary of the Company, K92 Mining Limited, and Trafigura have amended and...

Prime Minister Hon. James Marape recently extended a warm and formal welcome to the new British High Commissioner to Papua New Guinea, Her Excellency Ms. Angela Macro. The meeting took place in Port Moresby. High Commissioner Macro assumes her role succeeding outgoing High Commissioner Keith Scott, who will be embarking on another diplomatic assignment...

The Ambassador of the United Arab Emirates (UAE), His Excellency Jamal Abdulla Al Suwaidi, embarked on a significant diplomatic mission recently, paying a courtesy call on Prime Minister Hon. James Marape. This meeting followed the presentation of his credentials to Governor-General Sir Bob Dadae at Government House, Konedobu, marking a pivotal moment in ...

Swire Shipping, a leading provider of sustainable and innovative shipping and logistics solutions, has published its Sustainability Report, which details its goals and achievements in the areas of sustainability and decarbonisation for the calendar year 2022. The Company’s sustainability strategy provides the framework and structure to ensure that it meet...

One of the world’s biggest and most profitable agriculture company Wilmar International Limited is keen to partner the Government of Papua New Guinea to invest in more large-scale agriculture investments in the country. Wilmar International Limited was founded in 1991 and is Asia’s leading agribusiness group today with over 500 manufacturing plants and...