Search Results: 2022

Nickel 28 Capital Corp. says updated estimates for the Ramu Nickel-Cobalt operation in Papua New Guinea show higher mineral resources and continued reserve replacement following exploration activities completed in 2025. In a statement, Nickel 28 said updated mineral resource and reserve estimates provided by project operator China Metallurgical Group C...

China has reaffirmed its commitment to supporting Papua New Guinea’s disaster response and recovery efforts, highlighting years of humanitarian assistance and future cooperation opportunities in disaster management, energy transformation, and emergency response technologies. The commitment was reiterated during a handover ceremony for humanitarian cash...

Kumul Petroleum Holdings Limited has announced an upcoming change in board leadership, with chairman Gerea Aopi, MBE, set to hand over the role to fellow director Isaac Lupari, CBE GCL, effective May 19. The transition follows requirements under the Kumul Petroleum Holdings Limited Act, which mandates the retirement of directors upon reaching the age o...

Ok Tedi Mining Limited (Ok Tedi) has strengthened its position as one of Papua New Guinea’s leading investors in human capital through the awarding of its 2026 Undergraduate Scholarships to high-performing students from three universities across the country. As part of its ongoing investment in education and skills development, Ok Tedi recently awarded...

Papua New Guinea Treasurer Ian Ling-Stuckey has commended the Papua New Guinea Customs Service (PNGCS) for its enforcement efforts after authorities uncovered more than K19 million in unpaid excise duties linked to illegally stored alcohol products in Port Moresby. Ling-Stuckey said Customs’ recent compliance operations demonstrated the agency’s critic...

PNGX Markets Limited (PNGX or PNGX Markets), operator of Papua New Guinea’s national stock exchange, today celebrated the successful listing of Papua New Guinea’s first wholesale corporate bond, a 235 million kina 10-year unsecured subordinated bond issued by Kina Securities Limited (KSL) (PNGX Code: KSL361). This landmark transaction represents a signifi...

Papua New Guinea has taken a decisive step towards the commercial rollout of Starlink services after a National Court ruling cleared legal barriers, while the sector regulator confirmed it has issued operator licences and senior officials called for coordinated implementation across government. Prime Minister James Marape welcomed the court’s decision,...

Pacific Lime and Cement Limited has signed a memorandum of understanding (MOU) with Dirio Gas and Power Company Limited to develop dedicated power infrastructure for its Central Lime and Cement projects in Central Province. The agreement establishes a framework for the potential development of a private 66-kilovolt transmission line and associated subs...

Papua New Guinea is currently undergoing its third validation under the Extractive Industries Transparency Initiative (EITI), marking a significant milestone in the country’s ongoing efforts to strengthen transparency and accountability in the management of its natural resources. Executive Director of the Papua New Guinea Extractive Industries Transpar...

PNG CORE has commended the Papua New Guinea Extractive Industries Transparency Initiative (PNG EITI) on the official launch of its FY2024 Annual Report, marking an important milestone as Papua New Guinea prepares for its upcoming EITI Validation, scheduled to commence in April 2026. The report was launched during the Multi-Stakeholder Group (MSG) first...

The Chief Executive Officer of the National Superannuation Fund (Nasfund), Rajeev Sharma, on 20 February announced the appointment of Christopher Elphick as Chairman of the Nasfund Board of Directors, effective January 2026. Sharma said, “On behalf of the Fund, I am pleased to announce the appointment of Christopher Elphick as Chairman of the Board. Ch...

The Minister for Works and Highways, Peter Tsiamalili Jr, has called for stronger accountability, tighter financial management and engineering excellence as the Department of Works and Highways convened its 2025 final quarter budget review in Lae. The three-day review, held at the Lae International Hotel in Morobe Province on Tuesday, Feb. 17, aims to ...

 From First Oil and Gas to LNG By Michael McWalter EDITOR’S NOTE: Michael McWalter, former Director, Petroleum Division and Adviser to the Government of Papua New Guinea, and erstwhile petroleum adviser to the governments of Ghana, Liberia, Cambodia, São Tomé, and South Sudan, recalls the foundations of petroleum resource development in Papua New ...

Continuing its commitment to developing local talent, Steamships is delighted to commence its 2026 Graduate Development Program (GDP), welcoming nine new graduates into the program while also celebrating the successful completion of the program by the 2022 cohort. Managing Director of Steamships, Chris Daniells, said, “We are pleased to welcome the 202...

Papua LNG is a significant liquified natural gas (LNG) project for Papua New Guinea (PNG). Led by TotalEnergies, it will develop the Elk/Antelope gas fields in the Gulf of Papua, which hold large gas resources, the energy equivalent of more than one billion barrels of oil. Intended to be the country's second LNG project, Papua LNG promises a lot, inclu...

Remington Group is excited to be the first tech company in PNG to launch an e-commerce website, strengthening its commitment to providing Papua New Guineans with reliable, high-quality, and locally supported technology solutions. The online store builds on the success of the recently opened Remington Hi-Tek flagship showrooms in Port Moresby and Lae, e...

The National Cultural Commission has played a growing role in strengthening Papua New Guinea’s future workforce since launching its internship programme in 2022, as it farewelled seven University of Papua New Guinea students who have successfully completed internships and short-term professional attachments. The farewell was held on 6 February at the N...

Papua New Guinea’s newly appointed Minister for the Department of Works and Highways, Peter Tsiamalili Jr, has called for integrity, accountability and uncompromising quality in the delivery of national infrastructure, as he formally assumed office following the passing of former Minister Hon. Solan Mirisim, MP. Minister Tsiamalili was officially welco...