Ok Tedi Mining Limited (OTML) is celebrating its 40th anniversary of operation, marking four decades of resilience and excellence in the mining industry in Papua New Guinea. Starting in August 1984 as a gold mining operation by Broken Hill Property Limited (BHP), OTML transitioned to a copper-gold mine in 1987. From 2015 to present, OTML is a fully 100...

The Bank of Papua New Guinea (BPNG) Governor Elizabeth Genia addressed recent significant legislative changes to the Central Banking Act during the recent September 2024 Monetary Policy Statement presentation at the Royal Papua Yacht Club. The amendments, passed by Parliament in September, pave the way for the establishment of a new Monetary Policy Com...

Bank of Papua New Guinea (BPNG) Governor Elizabeth Genia recently outlined the September 2024 Monetary Policy Statement, amid the ongoing economic challenges and the central bank's strategies to stabilize the nation's economy. The presentation took place on October 7th at the Royal Papua Yacht Club in Port Moresby. Reflecting on the previous March M...

Abau District Member of Parliament, Sir Puka Temu, has urged the Papua New Guinea (PNG) government to adopt e-health solutions to overcome the healthcare challenges posed by the country's remote geography. Speaking at the launch of the pilot Waste-Zone Project at Kupiano Health Centre, Central Province, Sir Temu emphasized the need for digital infrastr...

Miss PNG Tyla Singirok, the inaugural Miss Bird of Paradise PNG, has been officially named the Ambassador of PNG Tourism following the signing of a Memorandum of Agreement (MOA) on September 27th at Apec Haus, Port Moresby. As part of her new role, Singirok will promote PNG’s cultural heritage and natural beauty both locally and internationally. Thi...

Resource development remains central to Papua New Guinea's (PNG) economic growth, and as the global shift toward greener energy continues, liquefied natural gas (LNG) is seen as a key transition fuel. During a media briefing on September 30th, Kumul Petroleum Holdings Limited Managing Director Wapu Sonk emphasized that PNG is ready to welcome investors...

The National Government, through the Ministry of International Trade and Investment, the Madang Provincial Government, and RD Corporation, have reached an agreement to initiate immediate feasibility studies for the proposed Madang Integrated Special Economic Zone (SEZ) in Vidar, Madang. In discussions recently concluded at the RD Corporation Headquarte...

Santos has announced the signing of a mid-term LNG supply contract with TotalEnergies Gas & Power Asia Private Limited (TotalEnergies). The contract entails the supply of 20 LNG cargoes, or up to approximately 0.5 million tonnes of LNG per annum, over a period of three years plus one quarter. The contract will commence in Q4 2025, with LNG being su...

Prime Minister Hon. James Marape recently delivered a stirring call to action, urging all Papua New Guineans to work relentlessly over the next 20 years, starting in 2025, to transform the nation into a high-income economy and shift from being an exporter of raw resources to a manufacturer. Speaking upon his return from the 79th United Nations General ...

Prime Minister Hon. James Marape has underscored the urgency of finalising the Mine Development Contract (MDC) and issuing the Special Mining Lease (SML) for the Wafi-Golpu Mine in Morobe Province, stressing that time is running out to get this critical project off the ground. During a high-level meeting with the State Negotiating Team, Joint Venture P...

In support of small and medium enterprises (SMEs) in the tourism sector, the PNG Tourism Promotion Authority and the Ministry of Tourism, Art and Culture officially launched the Tourism Business Incubation Center on September 27th in Port Moresby. Key figures, including the Minister for Tourism, Arts, and Culture, Hon. Belden Namah, TPA CEO Eric Mossma...

As the capital city, Port Moresby has the potential to become a leading tourism hub, which the Governor for the Nation’s Capital, Governor Powes Parkop, described as the "Gateway to Papua New Guinea." He emphasized that this city is the first stop for tourists before they explore other provinces, making it a vital part of the national tourism strategy....

Papua New Guinea (PNG) is focusing on improving safety and infrastructure to boost its tourism industry. The Chief Executive Officer of the PNG Tourism Promotion Authority (TPA), Mr. Eric Mossman Uvovo, emphasized the importance of creating a safe environment for tourists during the World Tourism Day Conference on September 27th at APEC Haus in Port Mo...

The Minister for Tourism, Art and Culture, Hon. Belden Namah, has emphasized the potential for Papua New Guinea (PNG) to significantly increase its tourist arrivals, stating that the current figure of 24,000 visitors is far below expectations. “PNG should be receiving 2.4 million tourists annually,” he asserted, noting that neighboring countries like F...

Papua New Guinea's latest score on the Corruption Perception Index (CPI) is 29 out of 100, showing a slight improvement of one percent from 28 out of 100 in 2021. Despite this progress, PNG remains among many countries with little to no improvement in tackling corruption. This data was highlighted by PNG National Planning Minister Sir Ano Pala during t...

The Australia-Papua New Guinea Business Exchange (APNGBX) recently highlighted opportunities for collaboration and investment in PNG's growing economy. Key discussions focused on infrastructure development, renewable energy, and the broader economic landscape. Key Takeaways included: Global Economic Trends: Senior Economist Justin Smirk from Westpac Ba...

The Weir Group PLC (Weir), a global mining technology leader, has been awarded a £25m contract to provide industry-leading energy efficient, sustainable solutions to the next phase of OCP Group’s Benguerir and Louta greenfield phosphate projects in Morocco. The order will support the continued construction of the Louta project and the trebling of producti...

Alluvial gold miners in the country have the potential to become billionaires if they diversify their ventures, re-invest wisely, and manage their finances effectively, said Mineral Resources Authority Managing Director, Jerry Garry. Mr Garry was speaking at the 6th Alluvial Mining Convention & Trade Show 2024 in Goroka, where over 300 miners, gove...

Prime Minister Hon. James Marape recently delivered Papua New Guinea’s Country Statement at the 79th session of the United Nations General Assembly high-level debate. Speaking along the session theme of ‘Leaving no one behind: Acting together for the advancement of peace, sustainable development, and human dignity for present and future generations’, t...

Prime Minister Hon. James Marape announced that discussions on the Pasca A Gas Project, which aims to develop the Pasca A gas-condensate field located approximately 95km offshore from Gulf Province, are progressing well. The announcement followed a meeting between the Prime Minister, the State Negotiating Team (SNT), and representatives of Twinza, the ...

Prime Minister Hon. James Marape has requested the United Nations secretariat to assist forest nations like Papua New Guinea advocate stronger on forest preservation and climate financing to assist these nations in their development aspirations. The Prime Minister put the special request to United Nations Secretary-General Antoinio Guterres in a bilate...

Weir is an innovative, end-to-end solutions provider focused on accelerating sustainable mining. Exhibiting at this year’s MINExpo, in the Central Hall Booth #8833, Weir will be showcasing its marketing-leading brands and unveiling a range of new innovative technologies and solutions. Weir will launch its ESCO® NEXSYS™ GET Lip System for rope shovel di...

Pacific Towing (‘PacTow’) has been exceptionally busy with salvage projects in its home country, Papua New Guinea.  Melanesia’s marine services and salvage market leader performed four salvages across three separate provinces in just two months.  The salvages involved international fishing vessels as well as a domestic general cargo vessel.  Three of t...

Papua New Guinea (PNG) has the potential to become a key destination for historical tourism, according to Dr. Brent Glass, Former Director Emeritus of the Smithsonian Institution. Dr. Glass said this during his recent visit to the Papua New Guinea Tourism Promotion Authority (TPA). “Papua New Guinea’s war history is compelling and holds global inter...