Ok Tedi Mining Limited (OTML) has donated K550,000 to the University of Papua New Guinea’s (UPNG) Earth Sciences Division & Centre for Disaster Risk Reduction, upgrading the division’s Computer Laboratory for students and teaching staff. The funds cover the purchase and installation of 28 desktops, seven laptops, and one uninterruptible power suppl...

As part of the on-going efforts to enhance national content within the resources sector in Papua New Guinea, the PNG Chamber of Resources & Energy (PNG CORE) is pleased to announce the establishment of its National Content Committee. This Committee, endorsed by the PNG CORE Council in its September meeting, will now lead the industry’s efforts to a...

Innovative technology has shifted business operations from traditional to modern methods. In an interview with PNG Business News, Remington Group CEO Navin Raju shared his vision and stressed the necessity of adapting to these changes. The Remington Group Board of Directors recently appointed Raju as the new CEO, recognizing his extensive experience in...

The government has reiterated its ambition to achieve carbon neutrality by 2050, with an interim target of a 50-percent reduction by 2030, at the recent Petroleum and Energy Conference 2024. Recent reports indicate progress, particularly in the agriculture, forestry, and other land use sectors, which have successfully met initial CO2 reduction targets....

This year's Petroleum and Energy Conference (PEC) attracted an impressive 580 delegates from around the world to Papua New Guinea (PNG), which is the highest attendance to date. The Managing Director for Kumul Petroleum Holdings Limited, Mr. Wapu Sonk, expressed optimism for future events, stating: "I look forward to a better and bigger event next year...

The Papua New Guinea (PNG) Minister for International Trade and Investment, Hon. Richard Maru, said PNG is still facing a pressing energy crisis, nearly half a century after gaining independence. Minister Maru underscored the urgency of the country’s energy challenges, stating: “We cannot pretend, we can't keep talking about providing for other countri...

Prime Minister James Marape invited international investors and energy experts to collaborate with Papua New Guinea (PNG) in harnessing its diverse energy resources, including hydro, geothermal, and solar power, during his keynote address at the opening of the 2024 Petroleum and Energy Conference at the Hilton Hotel in Port Moresby. "We offer strong in...

The Papua New Guinea National Energy Authority (PNG NEA) has officially launched its Board Charter and Appeals Panel Guidelines, signifying the establishment of its governance framework. This initiative aims to enhance transparency and accountability within the NEA, ultimately improving the efficiency and fairness of the country's energy sector. The...

The Minister for International Trade and Investment, Hon. Richard Maru in his meeting recently with the new Chinese Ambassador to Papua New Guinea (PNG), His Excellency Yang Xiaoguang made a commitment to deliver the PNG-China Free Trade Agreement (FTA) feasibility study report by the end of this month. Minister Maru said: “This report will determine t...

Mayur Resources Limited is pleased to announce the signing of a 10-year exclusive Strategic Alliance Agreement (Strategic Alliance) with Guangxi Zhongzi New Materials Co. Limited, a privately owned large-scale Quicklime and Limestone producer operating primarily in China. This agreement provides Mayur with immediate access to superior quality lime product...

Prime Minister Hon. James Marape has acknowledged the special bond Papua New Guinea has with Japan, as he congratulated Japan International Cooperation Agency (JICA) on 50 years of delivering Japan’s development assistance to PNG. JICA, the Japanese government agency that delivers the bulk of the Official Development Assistance (ODA) to developing coun...

Prime Minister Hon. James Marape has described New Zealand as “steady and reliable” in its partnership with Papua New Guinea during his meeting with New Zealand High Commissioner, H.E Peter Zwart recently. The bilateral meeting saw the two leaders discuss common issues of mutual interest between the two countries, New Zealand’s involvement in community...

Prime Minister Hon. James Marape has emphasised that the new casino operations in Port Moresby will be strictly regulated to benefit Papua New Guinea’s economy while safeguarding the welfare of its citizens. Addressing concerns over the recently launched Paga Hill Special Economic Zone (SEZ) Satellite Casino, Prime Minister Marape clarified that this c...

Port Moresby is set to become the heart of Papua New Guinea’s next wave of development and modernisation, with an eye on the booming Asian market, as declared by Prime Minister Hon. James Marape on Friday, October 11, 2024. Speaking at the groundbreaking ceremony for the Paga Hill Special Economic Zone (SEZ) Satellite Casino, Prime Minister Marape emphasi...

A joint understanding has been reached between the Governments of Bougainville and Papua New Guinea to broaden the role of the recently appointed independent moderator, Sir Jerry Mateparae. In a ministerial statement delivered in the Bougainville House of Representatives last week, ABG Attorney General and Minister for Bougainville Independence Mission...

Steamships was proud to break ground on Portside Business Park, its new large scale mixed-use development which is managed by its property division, Pacific Palms Property. The ceremony was attended by the Deputy Prime Minister and Minster for Lands Hon. John Rosso MP and Hon. Dadi Toka Jnr, NCD Deputy Governor and Chairman of the Motu Koita Assembly alon...

Papua New Guinea’s new Mining Minister, Hon. Wake Goi, was sworn in on September 25 at Government House in Port Moresby. Hon. Goi took over the role from Prime Minister James Marape, who had been filling in as mining chief. Marape expressed confidence in Goi's experience and qualifications as the Member of Parliament for the Jimi electorate in Jiwaka P...

The central goal of the Papua New Guinea (PNG) National Energy Authority (NEA) Corporate Plan 2023-2024 is to promote access to affordable, reliable, and sustainable energy services, which are crucial for economic growth and community prosperity. A key focus is extending electricity access to 70 percent of PNG’s population by 2030 and achieving univers...

The Papua New Guinea Tourism Promotion Authority (PNGTPA) has officially partnered with the Jimi District Development Authority (JDDA) in Jiwaka Province to enhance local tourism and promote local culture on a global stage. This was formalised through a Memorandum of Understanding (MOU) signed on October 11 at the Ela Beach Hotel in Port Moresby. PN...

iPi Group’s purified 600ml water also known as “Tenkyu.wara,” is now available for purchase at Tango Supermarket, Tokarara, Port Moresby. Tenkyu.wara and the Tenkyu. initiative aims to promote not only healthy drinking water but also to engage clients and other business entities in a meaningful corporate social effort that empowers Papua New Guineans. ...

The Papua New Guinea Extractive Industries Transparency Initiative (PNGEITI) has called for ongoing dialogue and greater collaboration among all stakeholders in the alluvial mining industry. PNGEITI emphasised that cooperation is essential to address key challenges within the sector, including non-compliance, under-reporting of mineral production, and env...

The Head of the Japan International Cooperation Agency (JICA) in Papua New Guinea (PNG), Matsuoka Hideaki, has urged the PNG government and its implementing agencies to maintain strong leadership, foster continued cooperation, and ensure that arrangements with donor agencies like JICA are upheld. This is essential to maximise the benefits derived from the...

The Aropa Airport upgrade project is set to move forward following the recent contract signing between the National Airports Corporation (NAC) and China Railway Construction Group Ltd (CRCG Ltd). The signing was witnessed by Autonomous Bougainville Government (ABG) President, His Excellency Ishmael Toroama, and the National Minister for Civil Aviation,...

The Asian Development Bank (ADB) and the Government of Papua New Guinea (PNG) have agreed on a timebound action plan to accelerate the implementation and enhance the performance of ADB-financed projects, following discussions at the 2024 Country Portfolio Review Mission Roundtable Meeting. The hybrid meeting, co-chaired by ADB Country Director for PNG,...