Comrade Trustee Services Limited (CTSL), the superannuation fund serving members of the Papua New Guinea Defence Force (PNGDF), has strengthened its governance framework and long-term strategic positioning with the appointment of Mr Chetan Chopra as Chairman of the Board. The appointment of Chopra was formally announced during a CTSL press conference h...

The Bougainville Power and Water Corporation Limited (BPWCL) has become one of the first State-Owned Enterprises (SOEs) under the Autonomous Bougainville Government (ABG) to generate revenue from its own commercial operations following the commissioning of the 1-megawatt Buin Solar Power Plant in South Bougainville. Chief Secretary to the ABG and BPWCL...

New PNG Defence Force facilities strengthen capability, drive workforce development By Roselyn Erehe The completion of the refurbished Garrison Engineer Compound at Murray Barracks in Port Moresby marks a strategic infrastructure investment that strengthens the operational capability of the Papua New Guinea Defence Force while delivering broader eco...

The Business Coalition for Women (BCFW) has positioned Papua New Guinea’s private sector at the centre of regional discussions on workplace safety and gender equality, following the presentation of its Poroman Walkabout Wantaim (Men as Allies) programme at the Australasian Aid Conference in Canberra. The programme was featured during a panel discussion...

Pacific Towing (PacTow) has successfully refloated the grounded Coral Expeditions cruise vessel Coral Adventurer (IMO 9838644). The refloating operation was completed on the afternoon of December 30, 2025, near Dregerhafen, approximately 65 miles north-east of Lae, Papua New Guinea. Following the vessel’s grounding, Pacific Towing was engaged to lea...

The Paga Hill Paradise Apartments, located within the Paga Hill Special Economic Zone (SEZ), was officially opened by Prime Minister James Marape on 5 January 2026. The K130 million (USD 30.5 million), 22-storey luxury residential development sits on the Port Moresby beachfront, overlooking the historic Fairfax Harbour. It features 83 units, ranging fr...

Papua New Guinea has achieved a landmark financial milestone with the PNG LNG Project fully retiring its bank-financed debt six months ahead of schedule, Prime Minister James Marape announced during a site visit to the LNG facilities on 28 December 2025. The repayment marks a major achievement in the country’s economic history and reinforces PNG’s credibi...

Papua New Guinea is set to take a major step in turning resource wealth into community development with the installation of a new gas-fired power plant at the LNG facilities in Hela Province. Prime Minister James Marape said the project represents a shift from resource extraction to direct, long-term benefits for local communities. During a site visit ...

Ok Tedi Mining Limited has unveiled a five-year plan to redevelop the Misima Gold Project following its acquisition from Kingston Resources in May 2025. The company aims to start construction within the two-year term of the exploration lease. The plan includes early investment in community infrastructure to benefit local residents before production beg...

Geopacific Resources Ltd. said ongoing drilling at its 1.67 million-ounce Woodlark Gold Project in Papua New Guinea continues to support potential resource growth, with high-grade gold intercepts confirmed at Little MacKenzie and encouraging geology identified at Kamwak. The company said about 13,000 metres of drilling has been completed so far, as it ...

Adyton Resources Corporation has engaged Global Ore Discovery to advance an integrated exploration programme at its 100% owned Feni gold-copper project in Papua New Guinea. The appointment brings Global Ore’s epithermal and porphyry expertise to support targeting and technical oversight as Adyton seeks to expand resources at the Kabang prospect and ass...

The Bougainville House of Representatives has passed the 2026 ABG Budget, a K844,090,000 (US$198.4 million) financial plan aimed at strengthening Bougainville’s institutional readiness, economic transformation, and service delivery as the region progresses towards political independence. The Budget was tabled by the ABG Minister for Treasury and Financ...

New Porgera Limited has launched its inaugural National Content Plan, setting out measures to expand national participation, develop the local workforce and deliver long-term benefits to communities linked to the Porgera Project. The company said the plan aligns with the New Porgera Mining Development Contract and the Porgera Project Commencement Agree...

Papua New Guinea’s Minister for Petroleum Jimmy Maladina has formally addressed the newly sworn-in Board of the National Petroleum Authority (NPA) under the National Petroleum Authority Act 2025. The ceremony was held 24 November in Port Moresby. The inaugural NPA Board comprises: Chairman Hubert Hanjause Namani Mr. Dairi Vele (Deputy ...

Papua New Guinea’s mining sector continues to underpin the national economy and is positioned for a new phase of growth, reform, and sustainable investment, Acting Managing Director of the Mineral Resources Authority (MRA) Harry Kore said during the regulator’s forum, PNG’s Mining Sector Update, at Investment Week on Dec. 8 in Sydney, Australia. Addres...

St Barbara Limited (ASX: SBM) has taken major steps to advance its Simberi Gold Project, confirming the project as a high-quality, long-life, low-cost asset while securing strategic partnerships with Kumul Mineral Holdings Limited and Lingbao Gold Group. The company released the results of its Feasibility Study for the Simberi Expansion Project, which ...

Pacific Lime and Cement Limited (ASX: PLA; PNGX: PLC) has announced a strategic partnership with the International Finance Corporation (IFC), a member of the World Bank Group, to provide advisory support for its Phase 2 Central Cement Project in Central Province, Papua New Guinea. The collaboration marks a major step for PLC and PNG, as the project aim...

Kumul Petroleum Holdings Limited responded to the announcement that the PNG LNG Project Joint Venture, in which KPHL holds a 19.4% interest, has accelerated the final repayment of the PNG LNG project finance facility, bringing it to a close earlier than expected. The project has delivered strong and sustained performance and benefits to Papua New Guinea s...

The Asian Development Bank has approved three projects worth a combined $275 million to expand access to finance, improve rural connectivity and boost low-carbon electricity supply in Papua New Guinea. The financing package includes support for financial sector reforms, clean energy development and road infrastructure aimed at strengthening economic ac...

The private sector is showing how climate responsibility, inclusive growth, and commercial success can align, with TWM Group positioning itself as a national leader in environmental services following a major investment partnership with the International Finance Corporation (IFC). Speaking at a high-level climate impact session during PNG Investment We...

PNG CR Services is boosting female participation in the country’s construction sector through its Wok Meri Strong Program, a structured workforce development initiative integrated into the company’s project delivery model. The program is designed to increase meaningful and sustainable participation of women across PNG CR’s construction and infrastructu...

Papua New Guinea’s agricultural production and productivity have been in steady decline for more than two decades, and continued emphasis on policies and legislation will not reverse the trend unless there is a fundamental change in how farming is carried out on the ground, according to Farmers and Settlers Association President Wilson Thompson in an inte...

Following an extensive executive search in Papua New Guinea and the broader Asia-Pacific region, Nambawan Super Limited announced that its Trustee Board of Directors has appointed Lachlan Baird as the company’s incoming chief executive officer, effective 1 January 2026. Baird will succeed Paul Sayer, who is stepping down after a successful eight-year t...

Prime Minister James Marape has called on investors to support Papua New Guinea’s transformation from a resource-dependent economy to a manufacturing and green-energy powerhouse, outlining a 20-year vision during a live Q&A session with Australian journalist Tracey Spicer at PNG Investment Week. Looking ahead to 2040 and 2050, Marape emphasised the...