Tolu Minerals is poised to breathe new life into the Tolukuma gold mine, aiming to unlock substantial gold resources and restore production. This strategic effort not only signals a significant revitalisation of one of Papua New Guinea’s historically high-grade mines but also promises far-reaching economic and social benefits for the region. Tolu Miner...

Tolu Minerals has launched the Bakoiudu-Tolukuma Road Project in Central Province, Papua New Guinea. This crucial infrastructure initiative will connect the Kairuku and Goilala Districts, benefiting both the Tolukuma Mine and local communities. Governor for Central Province, Hon. Rufina Peter, and Managing Director of the MRA, Mr. Jerry Garry, the Mana...

The Papua New Guinea Chamber of Resources & Energy (PNG CORE) added two new female councillors to its council at its annual AGM last week as CORE's membership renewed its council and leadership. The AGM confirmed the re-election of President Anthony Smarè as independent President, and Senior Vice President Richard Kassman (TotalEnergies), who will ...

Prime Minister Hon. James Marape held bilateral talks with Singapore’s Second Minister for Foreign Affairs and Education, Dr Maliki Osman, this afternoon on the sidelines of the Pacific Islands Forum Leaders Meeting in Nuku’alofa, Tonga. Reflecting on the strong ties between Papua New Guinea and Singapore, Prime Minister Marape noted that PNG has maint...

Prime Minister Hon. James Marape has actively lobbied for a larger quota in New Zealand’s Recognised Seasonal Employer (RSE) Labour Mobility Scheme. During a meeting with New Zealand’s Prime Minister Hon. Christopher Luxon on the margins of the 53rd Pacific Islands Leaders’ Forum, held on Wednesday, 28 August 2024, in Tonga, Prime Minister Marape reque...

Prime Minister Hon. James Marape has commended the United States of America and the People’s Republic of China for their pledges to work together with the nations of the Pacific. Prime Minister Marape made these remarks following statements issued at the 53rd Pacific Islands Forum (PIF) Leaders Meeting by US Deputy Secretary of State Dr Kurt Campbell a...

Ok Tedi Mining Limited (OTML) is pleased to announce the extension of its contract with landowner company Fubilan Catering Services (FCS) for an additional five years, valued at US$116 million (K420 million). This extension will allow FCS to continue provide catering services to the mine operations and FIFO camp in Tabubil. Under the renewed contrac...

 The PNG Extractive Industries Transparency Initiative (PNGEITI) has called on companies operating in the extractive sector to honour their commitments to the EITI process by being transparent in all areas of their operations, including their obligation to pay taxes to the government. The Executive Director of the PNGEITI National Secretariat, Lucas Al...

The recent August POMCCI Breakfast event saw Ashurst PNG host an exclusive breakfast panel discussion, “Building for the Future: Lessons Learnt,” at the Marriott Executive Apartments’ Harbourside South on 29 August in Port Moresby. The event, designed as a networking stand-up buffet, was attended by leading corporate members, industry stakeholders, and de...

The Bank of Papua New Guinea (BPNG) officially launched the Kina and Toea Exhibition, a display celebrating the nation's rich economic history and the 50th anniversary of Papua New Guinea’s currency. This event, held as part of the Bank’s 50th anniversary celebrations, coincides with the upcoming 50th anniversary of PNG's independence in 2025. The Kina...

The National Energy Authority (NEA) has officially launched its Corporate Plan 2023-2027, marking a significant milestone in Papua New Guinea’s energy sector. The Corporate Plan, launched on 23 August at APEC Haus in Port Moresby, is the first of its kind for the NEA. It outlines the strategic direction and key objectives that will guide the Authority’s e...

François Valerian, the Elected Chair of Transparency International (TI), raised concerns surrounding the long-term value of combating corruption within the business sector globally, including in Papua New Guinea. He noted that ethical practices are essential for sustainable growth. "The benefit of shareholders and stakeholders lies in the sustainability a...

Papua New Guinea is moving towards establishing the Pacific region’s first Blue Carbon Policy, aimed at safeguarding the country’s vital blue carbon ecosystems. The National Blue Carbon Policy provides an enabling framework for the conservation and sustainable management of blue carbon ecosystems in the country. A two-day National Blue Carbon Policy Ro...

To enhance maritime security, PNG Ports Corporation Limited (PNG Ports) has announced its active involvement in a newly formed working committee aimed at addressing criminal activities within declared port areas. This initiative comes at a time when ensuring the safety and security of ports is increasingly vital to the smooth operation of national and int...

As the pandemic recedes and gradually fades from people’s memories, travel in the Pacific is rebounding. However, the Pacific’s travel recovery is highly variable. Comparing visitor arrivals in 2023 with those in 2019 (Figure 1 below), it looks like Vanuatu is the biggest winner, but this is misleading. Vanuatu has experienced a surge in cruise tourism...

Deputy Prime Minister Hon. John Rosso led a small Papua New Guinea delegation on Monday, August 19, 2024, to a significant meeting with the management of the Java Integrated Industrial and Ports Estate (JIIPE) Special Economic Zone in Gresik, Surabaya, Indonesia. This visit is part of a broader series of engagements aimed at attracting trade and investmen...

The Indonesia Government has proposed that Indonesia and Papua New Guinea (PNG) establish a high-level Dialogue Cooperation Committe to meet every six months to drive the agenda of growing trade and investment, and all cooperation between the two countries. Minister for International Trade and Investment, Hon. Richard Maru said: "This committee will pr...

The Centre for Excellence in Financial Inclusion (CEFI) and the SME Corporation (SMEC) will work in partnership together in advancing financial inclusion in Papua New Guinea following a Memorandum of Understanding (MoU). CEFI Executive Director Mr. Saliya Ranasigne and SMEC Managing Director Mr. Petrus Ralda signed a MoU on Tuesday August 13 at the SME...

A very warm exchange took place between Prime Minister Hon. James Marape and Indonesia’s President-elect, Prabowo Subianto when the two met recently during the president’s 5-hour stop over visit in Port Moresby. Prime Minister Marape met the Indonesian leader at Jacksons International Airport to welcome him to Papua New Guinea, and later in a bilateral...

The Papua New Guinea Tourism Promotion Authority (TPA) officially launched the Enga Cultural Festival on Friday 9th August in Wabag, Enga Province. The festival, renowned for celebrating the rich culture of Enga Province, marked a significant milestone this year with its 30th Anniversary. Honourable Sir Peter Ipatas, Governor of Enga Province, expre...

The 26 trainee apprentices that recently joined the Ok Tedi Mining Limited’s (OTML) apprenticeship training programme for 2024 have successfully signed their indenture contracts with the company and the National Apprenticeship Trade Testing Board (NATTB) on July 24th in Tabubil. OTML Manager for Training Capability & Development Ian Strachan encour...

Ok Tedi Mining Limited (OTML) hosted a delegation from the East Sepik Provincial Administration on a fact-finding mission to gain insights from the Ok Tedi operations to prepare for the upcoming Frieda River Project in the Sepik Region. The delegation from the Provincial Administration Mining Desk Team, visited from the 11th – 16th August, to understan...

A state team recently conducted a pre-Community Development Agreement (CDA) awareness program in Lae, involving parties to the Wafi Golpu mining project CDA. The parties are Yanta, Hengambu, Babuaf, Wampar, Butibam, Wagang, Morobe Provincial Government and host Local Level Governments. The consultation program was aimed at educating the parties who ...

The first call-off order of £26m, which includes both ENDURON® large format High Pressure Grinding Rolls (HPGR) and wet screens, will be recognised in Q3 with the remaining orders booked later in 2024 and early 2025. The Weir Group PLC (Weir), a global mining technology leader, has been awarded a £53m contract to provide industry-leading energy efficie...