Minister for Mining and Member for Finschhafen Rainbo Paita has pledged the National Government’s full commitment to finalising the Community Development Agreement (CDA) for the K92 Mining Project, following his official visit to the company’s operations in Kainantu on 8 August. Joined by Kainantu MP William Hagahuno, Mineral Resources Authority (MRA) ...

Ok Tedi Mining Limited has posted a strong first-half performance for 2025, recording a post-tax profit of US$435 million (PGK1.8 billion), more than double the figure for the same period last year. Managing Director and Chief Executive Officer Kedi Ilimbit attributed the exceptional results to higher commodity prices, increased sales volumes and a US$...

Pacific Lime and Cement (PLC), formerly Mayur Resources Limited, has approved the Final Investment Decision (FID) for its flagship Central Cement and Lime (CCL) Project at Kido Island in Central Province — paving the way for construction to begin on a nation-building venture expected to cut Papua New Guinea’s reliance on imported construction materials. ...

PacSuper had announced the appointment of Chris Hagan as Chief Executive Officer, effective 1 June 2025, succeeding Eric Kramer, who has resigned from the role after leading the organisation through a period of significant change and transition. Mr Hagan returns to PacSuper with deep superannuation experience, having previously served as CEO of the fun...

Anne-Shirley Korave, founder of Queenpads and a passionate advocate for women’s health, has been named the overall winner of the prestigious Westpac Outstanding Women Award (WOWA), receiving a total grant of K10,000 (approximately A$4,100 or US$2,650). The award comprises K5,000 for winning the Sustainability category and a further K5,000 as the Overall W...

Lloyds Metals & Energy Ltd, a major player in India’s metals and mining sector, is eyeing investment opportunities in Papua New Guinea (PNG), particularly in the gas sector. With a legacy spanning more than 50 years, the company is primarily involved in iron ore mining, direct reduced iron (DRI) manufacturing, sponge iron production and power gener...

In recognition of World Mangrove Day, Loloata Island Resort led a coastal rehabilitation activity involving resort guests, local staff and volunteers, highlighting its ongoing commitment to marine conservation, ecological restoration and sustainable tourism. The event saw the planting of 58 Aegialitis annulata seedlings in polybags and the transplantat...

Mining Minister Rainbo Paita has directed the Mineral Resources Authority (MRA) to expedite action on several unresolved matters affecting landowners of the Kainantu gold project, including the release of K80 million (US$21.6 million) in accrued royalties and the approval of a revised development agreement. The directive followed a high-level meeting c...

The Papua New Guinea Tourism Promotion Authority (TPA) and the Small and Medium Enterprises Corporation (SMEC) have joined forces to boost the development of tourism-focused micro, small and medium enterprises (MSMEs) across the country, while also investing in youth empowerment through targeted awareness and training programmes. On 27 June, the two ag...

In a major step toward strengthening Papua New Guinea’s industrial base and economic self-reliance, Prime Minister James Marape has officially launched the $400 million Pacific Lime and Cement Project at Kido Village, describing it as a transformative milestone for the nation’s future. Surrounded by landowners, local leaders and government officials, M...

The Community Affairs and National Content Conference and Exhibition (CANCONEX) has again affirmed its role as a key pillar in Papua New Guinea’s pursuit of inclusive and sustainable development—transforming dialogue into commitment and commitment into national action shaped by the resources sector. In his closing address at CANCONEX 2025, held at APEC...

Papua New Guinea’s Minister for Petroleum, Jimmy Maladina, has unveiled sweeping legal and institutional reforms to modernise the country’s petroleum sector, with the formal introduction of a Production Sharing Act (PSA) that will serve as the legal and fiscal foundation for all new petroleum projects. The announcement was made during the PNG Petroleum...

The MAPEX Training Institute (MTI), a 100% nationally owned and privately registered higher education provider, has announced an ambitious five-year plan to transition into Papua New Guinea’s first nationally owned private university. In an exclusive interview with PNG Business News during MTI’s 20th anniversary celebration on 16 July, MTI Chairman Dr....

K92 Mining Ltd., operator of the Kainantu Gold Mine in Eastern Highlands Province, has paid PGK161 million (USD43.5 million) in corporate tax to Papua New Guinea’s Internal Revenue Commission (IRC), reinforcing its commitment to national economic development. The payment, made on 25 July, is the company’s largest single corporate tax contribution this ...

In a sector once dominated by foreign providers, the establishment of nationally owned Niugini Assurance Group Limited (NAGL) in 2019 reflects PNG’s economic maturity. NAGL is rewriting the script with locally driven leadership, tailored insurance solutions and a commitment to protect what matters most — the people. NAGL is a response to the call for f...

A new global survey of mining executives has delivered a sobering outlook for Oceania, with several Pacific jurisdictions pegged at the lower end of global investment rankings despite their untapped mineral wealth. The Fraser Institute’s 2024 Annual Survey of Mining Companies, which assessed 82 jurisdictions based on geological potential and government...

Prime Minister James Marape has commended Lihir Gold Limited (LGL), a subsidiary of Newmont Corporation, for its substantial corporate tax payment of US$55.8 million (approximately K213 million) to the Internal Revenue Commission (IRC), highlighting its ongoing commitment to contributing meaningfully to the national economy. The payment, made on 30 Jul...

Prime Minister James Marape has commended Deputy Prime Minister and Minister for Lands and Physical Planning John Rosso for spearheading historic reforms to Papua New Guinea’s land laws, describing them as essential to securing the country’s future and safeguarding landowners’ rights. Speaking in Parliament during the tabling of amendments to six major...

Ok Tedi Mining Limited (Ok Tedi) recently hosted a formal reception to acknowledge and celebrate its 40-year relationship with Japan. The reception was held at the Imperial Hotel, Tokyo, last week to commemorate the long-standing Japan–PNG collaboration. The intimate event was attended by long-term customers, smelter partners and industry players from ...

The 2025 Community Affairs and National Content Conference and Exhibition (CANCONEX), held as part of PNG Resources Week, officially concluded at APEC Haus following three days of dynamic engagement, strategic dialogue and powerful storytelling. Hosted by the PNG Chamber of Resources and Energy, CANCONEX 2025 brought together over 1,400 delegates, 78 e...

The Total Waste Management Group Ltd (TWM) has broken ground on Papua New Guinea’s first Resource Recovery Centre (RRC), a milestone in the country’s shift towards sustainable waste management. The groundbreaking ceremony was held on 16 June at TWM’s Integrated Waste Management Facility in Roku, Central Province, and marks a first-of-its-kind initiative i...

Among the many voices advocating economic progress and regional cooperation at the 40th Australia–Papua New Guinea Business Forum and Trade Expo this year, Dr Ann Clarke and her team from the Businesses for Health: TB & HIV Project (B4H) used their platform to speak out on the ongoing public health crises of tuberculosis (TB) and HIV in Papua New Guin...

Papua New Guinea Resources Week celebrated the country’s legacy, progress, and future in the resource sector. Hosted by the PNG Chamber of Resources and Energy (PNGCORE), the event brought together more than 1,000 delegates from government, industry, and communities. The week-long program began with the Community Affairs and National Content Conference...

As cyber threats continue to evolve in complexity and frequency, the imperative for robust information security across both government and private sectors in Papua New Guinea has never been more urgent. In a recent interview with PNG Business News, Robert de Haan, founder and chief executive officer of Cypro Pty Ltd, outlined the growing need for proac...