PNG has a chronic shortage of suitably experienced and qualified seafarers, especially higher-ranking officers.  The current shortfall is estimated at 30 percent and is predicted to worsen as vessel traffic increases to meet the logistics requirements of the imminent Papua LNG construction phase.  The shortage of seafarers in PNG is both a ‘supply’ and...

The President of the Papua New Guinea Chamber of Resources and Energy (PNG CORE), Anthony Smare, recently gave a comprehensive presentation on the "catastrophic impact" of the proposed National Gold Bill 2022 in an Information Session held on Thursday, 9th of May, 2024 at the University of Papua New Guinea (New Lecture Theatre).  Mr Smare emphasised ho...

The Papua New Guinea Chamber of Resources & Energy (PNG CORE) is pleased to announce the establishment its Asia Pacific Sub-Committee, an innovative step forward in promoting diversity, inclusion, investments and strengthened relations within the resources and energy sector between PNG and the economies of Asia. This groundbreaking initiative aims ...

Steamships is pleased to share its sustainability initiative of the installation of solar panels on top of Downtown Plaza, located in the capital’s Central Business District. The project marks a significant step towards the company’s dedication to utilising renewable energy sources and reducing its carbon footprint. Installing solar panels highlight th...

The International Monetary Fund (IMF) Country Head, Mr. Sohrab Rafiq, recently gave an update on the multinational lender’s program with the Papua New Guinea government. Mr. Rafiq highlighted the progress made in the IMF program, with successful completion of the first and second review missions, and underlined the importance of the IMF's concessional ...

On Europe Day, the European Union Ambassador to Papua New Guinea, His Excellency Jacques Fradin, delivered a passionate speech emphasizing the significance of the day and the enduring partnership between the EU and PNG. Ambassador Fradin said, “Some might wonder what is the 9th of May celebration all about?  It’s not an independence day, nor a victory,...

Prime Minister Hon. James Marape praised the efforts of PNG Customs in Port Moresby for their significant achievements in combating the importation of counterfeit goods into Papua New Guinea from 36 per cent to 4 per cent. “This has been made possible by increased government investments in border surveillance and fighting illicit trade,” he said. Du...

In a significant endorsement of local governance, Prime Minister Hon. James Marape has praised the Mendi-Munihu District for its proactive approach to development, highlighted by the creation of the Mendi-Munihu District Five-Year Development Plan 2023-2027. Speaking before a large gathering at the Momei Oval in Mendi on Thursday, May 2, 2024, the Prim...

Prime Minister Hon. James Marape has called on the residents of Mendi-Munihu and the Southern Highlands to responsibly maintain the newly reopened K41 million Mendi Airport. His appeal came during the inauguration ceremony held recently, marking a significant milestone facilitated by the Asian Development Bank’s Civil Aviation Development Investment Pr...

A PanAust delegation of seven met with Papua New Guinea Prime Minister the Honourable James Marape to discuss the nation-building Sepik Development Project that includes the Frieda River Copper-Gold Project and Frieda River Hydroelectric Power Project, amongst a multitude of other infrastructure projects that will enable the economic transformation of the...

The Minister for International Trade and Investment, Hon. Richard Maru expressed great satisfaction with the outcome of his bilateral meeting with the Minister for Foreign Trade of the United Arab Emirates (UAE), His Excellency Dr. Thani bin Ahmed Al Zeyoudi. The bilateral meeting was held on the margins of the Annual Investment Meeting (AIM) Congress, wh...

Prime Minister Hon. James Marape recently praised the economic opportunities the Papua LNG Project and the Wildebeest LNG Project are set to bring, as both natural gas projects underline the potential for business growth and development in the region. PM Marape called on the residents of Gulf Province to prepare to supply goods and services to the fort...

With a focus on infrastructure development and a rising middle-class market, including Small and Medium Enterprises (SMEs), Papua New Guinea presents a promising landscape for investors. PNG’s abundant natural resources in mining, oil and gas, forestry, fisheries, and agriculture further enhance its appeal. From coffee and cocoa to vanilla and local pr...

The Papua New Guinea (PNG) National Government and the Autonomous Bougainville Government (ABG) convened for the Joint Supervisory Body (JSB) meeting to address critical matters concerning the ratification and consequences of the Bougainville referendum. Prime Minister Hon. James Marape and ABG President His Excellency Ishmael Toroama co-chaired the me...

The Papua New Guinea Chamber of Resources & Energy (PNG CORE) recently welcomed two esteemed entities, Great Pacific Gold and Southern Cross Assurance Limited (SCAL), into its dynamic network. Great Pacific Gold joins PNG CORE following its recent amalgamation agreement with Tinga Valley Copper & Gold Corp. to acquire a highly prospective PNG c...

The historical ties between Papua New Guinea and Australia run deep, rooted in shared experiences and mutual support. On April 25th, Australian Prime Minister Anthony Albanese and PNG Prime Minister Hon. James Marape embarked on an historic 2-day walk to commemorate ANZAC Day, symbolizing the enduring strength of the relationship. “May the Spirit of AN...

As the global community faces the inevitability of climate change, it becomes imperative for nations and businesses alike to prepare for the ensuing transitions. Papua New Guinea is thus actively addressing the challenges climate change poses, particularly in the realm of sustainable transportation. “It is mandatory upon us to take bold and precise act...

Papua New Guinea Prime Minister Hon. James Marape has emphasized his intention to engage in discussions with Japanese Prime Minister Hon. Fumio Kishida regarding the Papua LNG project. During a recent presentation on April 30th, Prime Minister Marape expressed his desire to formally extend invitations to Japanese contractors for bidding on the construc...

Mining Minister Honourable Muguwa Dilu, has urged all landowners, impacted communities and stakeholders of the Porgera Mining Project, to fast-track the Community Development Agreement (CDA) process so that they could start receiving benefits. The Minister was speaking in Tari on Friday April 26, where he addressed the Hides-Porgera Power Line landowne...

Ok Tedi Mining Limited (OTML) yesterday, presented a dummy cheque of K100,000.00 to the Mineral Resources Authority (MRA), to consolidate its position as a Major ‘Gold’ Sponsor of the MRA organized Geoscience, Exploration & Extraction (GEE) Conference 2024. The conference will be held on August 7-9, 2024, at the APEC Haus, Port Moresby. This is the...

The Autonomous Bougainville Government has announced its intentions to collaborate with foreign investors, particularly from China, to pursue key development projects in the region. This decision comes amid growing interest from Chinese companies to invest in Bougainville's infrastructure and economy. ABG Vice President and Minister for Commerce, Trade...

Prime Minister Hon. James Marape has acknowledged the World Bank for highlighting important steps to be taken by the Papua New Guinea Government to grow its economy during a high-level seminar in Mt Hagen, Western Highlands, on Tuesday, April 30, 2024. He made the acknowledgment when closing the seminar on ‘Doubling the PNG Economy Within a Decade to C...

NiuDeck from PNG Forest Products is a purpose designed and engineered heavy plywood decking system that provides a long-lasting, cost-effective solution for bridge re-decking and widening. Quick and easy to install, NiuDeck’s durability and longevity are further enhanced with the application of a bitumen surface. For situations requiring a whole new br...

The PNG Chamber of Resources & Energy (PNG CORE) is excited to announce the inaugural PNG Resources Week, scheduled from July 1st to 4th, 2024. This event will unite all stakeholders in PNG through a series of activities: The second PNG National Community Affairs and National Content Conference & Expo (CANCONEX) will span from July 1st to...