Atlas Steel PNG has broadened its services to meet the needs of the mining sector, eliminating the need for local mines to rely on overseas suppliers for mining support products. The company, which has been Papua New Guinea’s premier steel manufacturer and distributor for 48 years, is now diversifying its offerings beyond its traditional focus on the i...

As the garment and textile sector in Papua New Guinea (PNG) sees increased local innovation and production, the Women Enterprise Development Centre (WEDC) opened its new office in Port Moresby on November 15 to spur more entrepreneurship in the country. Minister for Commerce and Industry, Hon. Win Bakri Daki, expressed optimism about the future of the ...

The Small and Medium Enterprises Corporation (SMEC) recently signed a Memorandum of Understanding (MOU) with the Kerowagi District Development Authority (KDDA) to deliver entrepreneurship training and business development services in Kerowagi District in the Simbu Province Highlands of Papua New Guinea. The partnership aims to empower local entrepreneu...

Papua New Guinea (PNG) is set for economic recovery in 2024, with projected growth of 3.7%, up from 2.8% in 2023, according to the November 2024 WESTPAC WAILIS PNG Economic Update. This rebound is largely attributed to the resource sector, which continues to underpin the nation’s economy. However, inflationary pressures, a managed depreciation of the k...

Tolu Minerals Limited has successfully extended the mineralisation of its Tolukuma gold and silver deposit, announcing strong results from its latest drilling program at the nearby Taula vein system. Located 4.5 kilometers southeast of the existing Tolukuma gold mine, the exploration effort confirmed high-grade gold and silver intersections, opening up...

Papua New Guinea (PNG) recently completed its Mutual Evaluation review, which began in March 2023 and concluded in September 2024. The Mutual Evaluation Report (MER) was adopted during the Asia Pacific Group (APG) Annual Plenary Meeting in Abu Dhabi, UAE, and published on November 14. To address the report's findings, a Strategic Implementation Plan (S...

The year 2025 marks the 50th anniversary of Papua New Guinea's independence, yet significant gaps remain in the provision of healthcare services across the nation, Prime Minister Hon. James Marape said. Amid the challenges and progress in the country's health sector, Marape emphasised the importance of strengthening primary healthcare as the foundation...

Prime Minister Hon. James Marape and his ministers of State have recently (19.11.24) met with a business delegation from the United States of America led by US Ambassado to Papua New Guinea, Her Excellency Ann Marie Yastishock. The delegation is headed by Sarah Morgenthau, Special Representative from the Office of Commerce and Business Affairs of the U...

The Papua New Guinea Chamber of Resources & Energy (PNG CORE) is pleased to announce that for the first time, the Autonomous Bougainville Government (ABG) will feature at the country’s premier international investment event - the 2024 PNG Investment Week. This will see ABG President Hon. Ishmael Toroama headline a session focused on investment oppo...

For service suppliers looking to do business in Papua New Guinea, a key understanding of the needs of various operations across the country’s business sector, including its dynamic mineral resources and energy sectors, is critical in informing their business strategy for trading with PNG businesses but also in investing in PNG operations and employing Pap...

PNG’s flagship investment promotion event, the 2024 PNG Investment Week held in Sydney in early December, is already tracking for a record attendance, with last year’s record figure of 1,300 delegates already exceeded with a month to go. The event, which takes place from December 6th to 11th in Sydney Australia, will provide a platform for PNG business...

Teachers Savings and Loan Society (TISA), headquartered in Port Moresby, is the largest savings and loan society in Papua New Guinea (PNG) and the South Pacific excluding Australia and New Zealand. Established in 1972, TISA began with a simple yet impactful mission: to provide registered teachers of the Department of Education a safe space to save and ...

Ok Tedi Mining Limited (OTML) Managing Director and Chief Executive Officer, Kedi Ilimbit announced a 2024 final dividend payment of PGK250 Million that will be paid in December, bringing the total dividends paid in 2024 to K450 Million. This announcement was made recently at a dinner event hosted to celebrate the Company’s 40th year of production afte...

Mayur Resources Limited is pleased to provide an update on construction activities at Mayur’s Central Lime Project in Papua New Guinea. Mayur continues to make progress at its Central Lime Project, advancing both Stage Two of its wharf and other early construction works. Over recent days, Mayur has taken delivery of essential equipment and materials ut...

The Commonwealth Business Forum (CBF) 2024, held in Apia, Samoa on 23–24 October as part of the Commonwealth Heads of Government (CHOGM) and associated meetings, marked a landmark event as the first such forum of Commonwealth countries hosted by a Pacific country (the last large global conference of comparable proportions held in Samoa was the Small Islan...

Prime Minister Hon. James Marape has congratulated Ok Tedi Mining Limited on its 40th anniversary while noting that the mine – on the verge of closure only a few years ago is now operational for another 25 years. The company held a dinner party on the evening of Thursday, 14 November 2024, in Tabubil to mark the occasion of their 40th anniversary. Alth...

Papua New Guinea, a nation known for its abundant natural resources, a strategic Pacific location, and untapped market potential, makes the country an attractive destination of opportunities for international investors. However, operating in PNG can be complex, with challenges such as managing a unique regulatory environment, overcoming logistical hurd...

Celebrating 70 years of manufacturing in Papua New Guinea this year, PNG Forest Products has long been an industry leader in Engineered Wood Products and is committed to building a better future through sustainable manufacturing practices.  All timber is sourced from renewable pine plantations managed by the PNG Forest Authority, with a focus on minimi...

Exploration is important for the future of Papua New Guinea’s mining sector, which plays a vital role in the nation's growth. Without continued exploration, the country will face a decline in mining activity, said Papua New Guinea Mineral Resources Authority Managing Director Jerry Garry. “And if there is no exploration, there will be no mining in this...

PNG Ports Corporation (PNG Ports) is actively pursuing new business opportunities and courting new investment partners.  The company is repositioning itself from being ‘all about ports’ to also being a major player in the country’s commercial and industrial real estate sector.  This repositioning and appetite for new and different business is evident in P...

The Weir Group PLC (Weir), a global mining technology leader, has been awarded contracts to supply its market-leading WARMAN® slurry pumps and CAVEX® hydrocyclones to Teck’s Highland Valley Copper (HVC) Mine Life Extension (MLE) project in Canada. Teck’s Highland Valley Copper Mine Life Extension Project aims to extend the mine’s operational life by en...

Remington Technology celebrated the launch of the new Konica Minolta bizhub iSeries multifunction devices on Thursday 7th November in Port Moresby, featuring the latest in simplicity, security, and sustainability for business technology. Attended by valued customers, suppliers, and Konica Minolta representatives from Australia, the event highlighted the c...

Santos CEO Mr. Kevin Gallagher recently called Papua New Guinea’s Liquefied Natural Gas (PNG LNG) project  a "world-class asset" that boasts a low-cost, low-emissions intensity profile. He told PNG Business News that the project continues to deliver reliable LNG supply to key markets in Asia, reinforcing its vital role in the global energy landscape. ...

At Sprint Networks, its journey is deeply rooted in the unique landscape of the Pacific Islands. More than a Managed Service Provider, the firm is a pioneer committed to reshaping the technology scene in this dynamic region. The company’s engagement extends beyond mere service delivery to a deeper understanding and “innovative solutioning” for the dis...