Geopacific Resources Ltd. has appointed Argonaut Corporate Finance and Taylor Collison as joint financial advisers to lead project finance and strategic equity processes for its wholly owned Woodlark Gold Project in Papua New Guinea, the company said. The appointment marks the start of a formal funding process to support development of the 1.67-million...

Papua New Guinea Prime Minister James Marape promoted the country as an investment destination of choice among global emerging markets during the 2026 World Economic Forum in Davos. Speaking on a panel titled “Where are we with emerging markets?” at a WEF side meeting, Marape said Papua New Guinea’s economy has continued to grow despite heightened geop...

Pacific Lime and Cement Limited has appointed Kevin Savory as chief executive officer for its cement business, effective Jan. 12, the company announced 19 January. Savory will work alongside John McBride, CEO for lime, with support from the company’s Lime and Cement Advisory Board. Savory brings more than 30 years of senior leadership experience acr...

Ok Tedi Mining Limited (Ok Tedi) has reported a strong, safe, and reliable performance in 2025, underlining the company’s disciplined operational execution and its role as Papua New Guinea’s 100% nationally owned mining company. The company exceeded production targets last year, achieving: 106,018 tonnes of copper 298,350 ounces of gold 1,008...

Technology and communications specialist TE (PNG) Limited has achieved a national first, receiving Papua New Guinea’s inaugural approval from the National Information and Communications Technology Authority (NICTA) to trial a fixed land OneWeb Low Earth Orbit (LEO) satellite service in Port Moresby. Live testing has now commenced, marking a significant mi...

O.M. Holdings Limited has appointed longtime executive Fintan Lalor as its new chief executive officer, effective Feb. 2, 2026, marking a leadership transition aimed at ensuring continuity and supporting the company’s next phase of growth. The company said Lalor will succeed Peter Aitsi, who has served as executive director for the past two years follo...

The U.S. Embassy in Port Moresby announced that Prime Minister James Marape met with U.S. President Donald J. Trump during the United Nations General Assembly (UNGA) in New York. The historic exchange underscores the strong partnership and close friendship between Papua New Guinea (PNG) and the United States. The meeting follows a landmark visit to Por...

The Sepik Development Project (SDP)’s approach to engagement with Sepik communities has been validated by the OECD’s Australian National Contact Point (AusNCP), following an exhaustive examination of the Project’s activities. A Follow-Up Statement issued by the AusNCP, reporting on the SDP’s compliance with recommendations issued in 2023, confirmed tha...

The Centre for Excellence in Financial Inclusion (CEFI) and the National Information and Communications Technology Authority (NICTA) have signed a two-year Memorandum of Agreement (MoA) to establish a dedicated Fintech Incubation Centre at the Papua New Guinea University of Technology (Unitech) Taraka Campus in Morobe Province. The agreement was formal...

Ok Tedi Mining Limited (Ok Tedi) has reinforced its commitment to addressing domestic and family violence in Papua New Guinea by supporting Femili PNG, a leading non-government organisation providing essential services to survivors of violence across the country. As part of this partnership, Ok Tedi purchased Femili PNG’s coffee, sourced from the Weste...

Prime Minister James Marape has launched a comprehensive review of Papua New Guinea’s state-owned enterprise (SOE) governance system, citing persistent blackouts, water shortages and underperformance as key concerns. Speaking during Cabinet, Marape said the government is examining the entire Kumul Consolidated Holdings (KCH) structure and how major uti...

Air Niugini’s new Airbus A220-300 aircraft are reshaping domestic air travel across Papua New Guinea, delivering improved reliability, comfort and capacity since entering service late last year. The national carrier introduced its first A220-300 in September, followed by two additional aircraft in December. The three next-generation jets have quickly b...

The board of SD Guthrie, owner of New Britain Palm Oil Ltd., has agreed in principle to commence negotiations with the Government of Papua New Guinea on a long-term business partnership, including potential equity participation by the state in Ramu Agri Industries. The agreement followed a special board meeting held in Kuala Lumpur during a visit by Mi...

Ok Tedi Mining Limited has strengthened its commitment to addressing domestic and family violence in Papua New Guinea by supporting Femili PNG, a leading non-government organisation providing assistance to survivors of violence nationwide. As part of the partnership, Ok Tedi purchased Femili PNG’s locally produced coffee, sourced from the Western Highl...

The National Airports Corporation (NAC) has advised the travelling public and stakeholders that the runway at Hoskins Airport in West New Britain will be further shortened to allow for essential upgrade works, with Stage 4 of the Method of Works Plan (MOWP) expected to commence by the end of the week, subject to the issuance of a Notice to Airmen (NOTAM)....

The National Information and Communications Technology Authority (NICTA) and the Centre for Excellence in Financial Inclusion Inc. (CEFI) have entered into a two-year Memorandum of Agreement (MoA) to establish a dedicated FinTech Incubation Centre at the Papua New Guinea University of Technology (Unitech) Taraka Campus in Morobe Province. The initiativ...

The Australia Papua New Guinea Business Council (APNGBC) has announced that its 41st Australia Papua New Guinea Business Forum (#41APNGBF) will be held in Brisbane in 2026, coinciding with the city’s highly anticipated Magic Round weekend. Under the theme Game On for Growth, the forum will bring together business leaders, policymakers, and long-standin...

The Asian Development Bank (ADB) has appointed Takafumi Kadono as its new country director for Papua New Guinea, with responsibility for leading the bank’s resident mission in Port Moresby and overseeing its development engagement in the country. Kadono assumed office on January 13 and will lead the formulation and implementation of ADB’s next country ...

K92 Mining Inc. has reported strong fourth-quarter production from its Kainantu Gold Mine in Papua New Guinea, capping a record year in which the company achieved the upper end of its production guidance and completed commissioning of its Stage 3 process plant expansion. In a statement released on January 12, the TSX-listed miner said fourth-quarter 20...

 Minister for International Trade and Investment Richard Maru will travel to Malaysia to meet the board and management of SD Guthrie to advance discussions on the state’s proposed acquisition of shares in Ramu Agri Industries (RAI). SD Guthrie currently owns New Britain Palm Oil Ltd., which holds interests linked to RAI. The talks are part of the gover...

The Government’s initiative to establish a coconut processing plant in Madang, in partnership with Sri Lankan firm Jaindi Exports, is progressing as planned, according to the Minister for International Trade and Investment Richard Maru. Minister Maru made the announcement following the weekend visit of Jaindi Exports’ Founder and Managing Director, Mr ...

Communities in Kutubu and Bosavi have marked a major infrastructure milestone with the official launch of the Poroma–Kutubu Road Sealing Project on Wednesday, January 7, 2026, signalling a new phase of connectivity and development for the Kutubu district. The 106-kilometre road project, valued at K370 million, is expected to significantly improve acces...

The Bank of Papua New Guinea’s Monetary Policy Committee (MPC) has maintained the Kina Facility Rate (KFR) at 5.0 percent following its final meeting for 2025, signalling continuity in monetary policy settings amid moderating global growth and evolving domestic economic conditions. The decision was announced on 2 December 2025 after the Committee met t...

Prime Minister James Marape has launched Papua New Guinea’s National Fisheries Authority (NFA) Monitoring, Control and Surveillance (MCS) Command Centre in Daru, describing the facility as a critical step in protecting national sovereignty, securing marine wealth and strengthening the fisheries sector as a major pillar of the country’s future economic ind...