Steamships is pleased to announce the appointment of Christine Kasou, who joins the Board of Directors, effective 1 March 2024, adding to a growing number of young Papua New Guinean representatives in leadership positions within the Company. She is the third Papua New Guinean director to be appointed.  Ms Kasou holds a Bachelor of Laws from the Univers...

After years of dedicated effort and a commitment to empowering the nation's workforce, we are excited to announce the imminent launch of the Wan PNG platform, a significant milestone in our journey toward a brighter future. The official launch is scheduled for March the 13th at the APEC Haus Port Moresby, and it is our honor to welcome the Hon. Kessy Sawa...

The Minister for International Trade and Investment, Hon. Richard Maru in his statement to the World Trade Organization (WTO) on the Fisheries Subsidies Agreement which had been discussed for many years said the Pacific Region had every reason to be concerned about the future of the fisheries industry because 50 per cent of the world’s tuna supplied by th...

The Minister for International Trade and Investment, Hon. Richard Maru and the New Zealand Minister for Agriculture, Hunting and Fishing, Forestry, and Trade, Hon. Todd McClay have agreed for a small Papua New Guinea (PNG) delegation to visit New Zealand in the last week of April to hold high-level trade talks. The two Ministers agreed on this in their me...

The Trade Ministers for Papua New Guinea (PNG), Madagascar, and Comoros have agreed in their three-way bilateral meeting that they would work together to establish a world association for vanilla growing nations. The meeting was held in Abu Dhabi, United Arab Emirates (UAE) on the margins of the World Trade Organization (WTO) 13th Ministerial Conference (...

Wilmar International Limited is set to immediately commence detailed feasibility study on two Joint Ventures (JV) with the Government of Papua New Guinea (PNG) on commercial large-scale rice farm and chicken production. Wilmar CEO & Chairman, Mr. Khoon Hong Kuok said this in a meeting today with the Minister for International Trade and Investment, Hon...

Highlights Assays received for the final four metallurgical diamond drill holes of the 14-hole, 1,856-metre program completed in January (refer ASX release Simberi Resource Definition Drilling Update January 23, 2024) including: SDH520: 28.6 m @ 1.4 g/t Au from 96.4 m; SDH522: 60 m @ 2.6 g/t Au from 118m, including 4 m @ 10.3 g/t Au from 11...

Prime Minister Hon. James Marape has urged Central Province Governor Hon. Rufina Peter and her provincial administration to unleash the enormous untapped economic potential of Central Province. The Prime Minister particularly stressed the unique tourism potential of the province, given its proximity to the nation’s capital, and the opportunity this off...

Improving access to healthcare is at the heart of a three-year partnership agreement signed recently by Interplast and PanAust. Interplast sends teams of volunteer plastic and reconstructive surgeons, anaesthetists, nurses and allied health professionals to provide life-changing surgery and medical training in 17 countries across the Asia Pacific regio...

Prime Minister Hon. James Marape has urged the New Ireland Provincial Government to do more to modernise the province. PM Marape said this can be done relatively easily because of the existence of some enabling infrastructure, revenue from Lihir Mine, and the strong observance of the Rule of Law in the province. The Prime Minister highlighted New Ir...

Prime Minister and Treasurer Hon. James Marape announced recently that Cabinet has invoked provisions of the Essential Services Act in light of the fuel crisis now affecting the country. “This allows for the Government emergency powers to give directions to companies in the fuel and banking sector in the best interests of Papua New Guinea,” stated Prim...

The Minister for Commerce & Industry, Win Bakri Daki through the Papua New Guinea Investment Promotion Authority (IPA) has praised the 50- member delegation from Japan who visited the country recently seeking business and investment opportunities. Minister Daki told the investors that even though PNG has been hitting the media for the wrong reasons...

An exciting milestone under the Youth Opportunities program was completed last week. Thirty-nine participants made up of nine Kutubu Local Level Youth Development Council (KLLYDC) executives and 30 representatives from 18 wards attended a week-long consultation workshop. The representatives were from a range of sectors including education, health, sports,...

Twenty-two new apprentices officially joined Ok Tedi Mining Limited’s (OTML) Apprenticeship Training Program, after signing their Indenture Contracts with OTML and the National Apprenticeship Trade Testing Board (NATTB) on January 30th in Tabubil, Western Province. The 22 apprentices are enrolled in various trades including auto electrical, carpentry, ...

Mayur Resources Limited wishes to update shareholders regarding its announced partnership with PT SEA First Nickel Industry (PTSFNI) on 23 January 2024 concerning the Orokolo Bay Vanadium, Titanium, and Iron Sands project in Papua New Guinea (PNG). PTSFNI has requested to put on hold its obligations to fund the development of the Orokolo Bay project, c...

The seven landowning communities of the proposed Frieda River Copper-Gold Project have reaffirmed their commitment to work collaboratively with PanAust Limited at the first Community Leaders Forum for 2024. The Community Leaders Forum is a regular pre-development meeting that provides an opportunity for Frieda River Limited to inform and consult with k...

Financial Statement Highlights: • Strong Balance Sheet o Cash on Hand of $214 million including $168 million available cash and $46 million restricted cash o Listed Investments of $26.1 million • Growth Capital of $4.6 million incurred to rapidly advance development projects: o Resource definition supporting a targeted upgrade of 1 Moz...

Prime Minister Hon James Marape, recently witnessed the first gold pour of the New Porgera Mine, since the expiry of the then Special Mining Lease (SML1) in 2019. The event signifies that it will be 'all systems go' come July when full operations are expected to commence. The PM was on-site accompanied by the Governor for Enga Province Hon Sir Peter...

Production in 2024 is expected to be 120,000 to 140,000 ounces gold equivalent (“AuEq”). The second half of the year is expected to be the strongest, as operations progressively ramp up ahead of the new 1.2 million tonnes per annum (“mtpa”) Stage 3 Process Plant commissioning, scheduled for the end of Q1 2025. Cash costs between $820-$880 per ounce gold...

The Minister for International Trade and Investment, Hon. Richard Maru recently announced that the Government has issued new policy directions for Special Economic Zones (SEZs) in Papua New Guinea (PNG) to give first priority to PNG investors. “The Marape-Rosso Government enacted the Special Economic Zone Authority Legislation in 2019 without the polic...

Minister for International Trade and Investment, Hon. Richard Maru today announced that Papua New Guinea (PNG) will roll out Trade Commission Service this year. “I am happy to inform the country that PNG is appointing Honorary Trade Commissioners across the world this year with the first being the Honorary Trade Commissioner to Australia and the Philip...

Abu Dhabi, February 25, 2024- The Minister for International Trade and Investment, Hon. Richard Maru indicated to his counterparts from Pacific ACP who had gathered in Abu Dhabi, United Arab Emirates for the World Trade Organization (WTO) 13th Ministerial Conference (MC13) that Papua New Guinea will maintain its position to standstill on fisheries subsidi...

First two holes from K92’s maiden drill program at the Arakompa project (“Arakompa”), located ~4.5 km from the Kainantu process plant, recorded significant mineralization, with 4 high grade lodes intersected in hole KARDD0002 recording 7.20 m at 24.76 g/t AuEq, 5.70 m at 9.94 g/t AuEq, 5.30 m at 6.06 g/t AuEq and 3.60 m at 3.38 g/t AuEq (See Fig 1), and s...

Kumul Petroleum Holdings Limited, Papua New Guinea’s national petroleum and energy company, announced recently that all necessary verification had been completed with the representative company of the PDL 2 landowners, enabling them to receive their portion of accrued Kroton Equity Option (KEO) preferential dividends. Wapu Sonk, Managing Director of Ku...