Jerilai Pujari Holdings Limited (JPHL) and OM Holdings Limited (trading as Oilmin Field Services- OFS), have jointly announced their partnership, resulting in the establishment of Jerilai Pujari Field Services Limited (JPFSL) with an equal 50% ownership stake with equal representatives from both companies sitting on the JPFSL Board. In 2014, the 11 cla...

Papua New Guinea (PNG) has continued to become an attractive destination for non-citizen workers seeking employment in various specialized skill areas. However, in order to maintain a balance between the influx of foreign labour and the protection of domestic job opportunities, PNG has established an administrative and skills transfer system for non-citiz...

BHP have recently changed suspension suppliers, fitting Terrain Tamer Parabolic Leaf Springs to the fleet of Toyota Hilux servicing their light vehicle needs in the Western Australia Iron Ore mining hubs in the Pilbara region of northern Western Australia. Having tested the springs in their facilities for the past 2 years, BHP have confirmed preference...

Weir, a global mining technology leader, is delighted to partner with CEEC International (CEEC) to drive sustainable innovation and improve productivity in mining. In addition to renewing its support as a premium sponsor, Weir will participate in CEEC’s newly launched Global Water Initiative, a groundbreaking collaboration to drive action to ensure respon...

The 21-member economies of the Asia-Pacific Economic Cooperation (APEC) have since progressed meetings on issues concerning the Asia and Pacific regions. Papua New Guinea’s participation in the two-day APEC Ministerial Meeting (AMM) prior to the APEC Economic Leaders’ Week (AELW), highlighted issues concerning not only PNG, but the rest of the Pacific ...

The US Chamber of Commerce (USCC), the world’s largest business federation and biggest lobby group in the United States, will work at helping to find investors for Papua New Guinea, Prime Minister Hon. James Marape was told. USCC Executive Director – South East Asia, John Goyer said this when he met with Prime Minister Marape on the sidelines of APEC L...

Prime Minister Hon. James Marape has met with the United States International Development Finance Corporation (DFC), America’s development finance institution that funds private sector-based projects and businesses right across the world. The Prime Minister met with Scott Nathan, Chief Executive Officer of DFC, in San Francisco on the margins of the As...

Asian Development Bank (ADB) President Masatsugu Asakawa recently announced new, more concessional lending terms for small island developing states (SIDS) to support efforts to meet their infrastructure needs, strengthen social services, and scale up investments in climate adaptation and disaster risk reduction.  Mr. Asakawa made the announcement durin...

The world’s leading gold producer, American gold mining Company Newmont Corporation, will for the first-time feature at the 17th Papua New Guinea Resources and Energy Investment Conference and Exhibition as a Principal Premium Sponsor. The conference will be held on 10-13 December 2023 at the Sydney International Convention Centre under the theme ‘PNG Res...

Ten high-performance students from the PNG University of Technology and the University of Papua New Guinea have been selected to be involved in an immersive 11-week industrial training program with Ok Tedi Mining Limited (OTML). The trainees from UNITECH (7) and UPNG (3) are third-year undergraduates under OTML’s Undergraduate Students Scholarship (USS...

Machinery Action Group introduces a prime opportunity for businesses seeking peak efficiency—a low-hour Volvo L120H wheel loader/tool carrier, now available for purchase. Key Features: Year: 2020 Hours: 2819 Advanced Features: Boom Suspension CDC Steering Volvo Assist with Scale Quick Coupler and Bucket Autolube System Michel...

Papua New Guinea’s peak body representing the mineral, resources and energy sectors on 13 November officially announced its new name and unveiled its new logo. The former PNG Chamber of Mines and Petroleum (“The Chamber”) has formally transitioned to its new name, the Papua New Guinea Chamber of Resources and Energy (“PNG CORE”), following the approval...

Prime Minister Hon. James Marape officially confirmed that Papua New Guinea will take part in the 2025 Osaka World Exposition in Japan, an event set to host 150 countries and 25 international organisations. Prime Minister Marape emphasised that PNG's participation in this global event will have a significant impact, leading to diversification in the ex...

Prime Minister Hon. James Marape, on Wednesday, November 8, 2023, expressed his heartfelt appreciation to outgoing Australian High Commissioner H.E. Jon Philp for his immensely productive four-year tenure in Papua New Guinea. Mr. Philp, who began his eventful tour of duty in early 2020, marked the conclusion of a tenure that has significantly contributed ...

Prime Minister Hon. James Marape announced today that the government has granted initial approval for the establishment of a Rice Special Economic Zone (SEZ) in the country. This groundbreaking development may include a joint venture between the State and Rigo Rice. Prime Minister Marape underlined the government’s commitment to kickstart a substantial...

Prime Minister Hon. James Marape said that the Government is expected to make a major announcement concerning the Wafi-Golpu Mine project in Morobe. This eagerly awaited announcement is set to take place during the forthcoming PNG Mining and Petroleum Conference scheduled for next month in Sydney, Australia. The Prime Minister said this during a press ...

The Papua New Guinea Chamber of Mines and Petroleum (“The Chamber”) participated in the recently concluded National Development Forum. The Forum, organized by the Consultative Implementation & Monitoring Council (CIMC), brought together stakeholders from across the public and private sectors, as well as civil society and development organizations, ...

The global financial landscape has seen a rapid transformation in the last decade, driven by a growing emphasis on environmental sustainability. In this new era, institutions, businesses, and individuals are increasingly recognising the rewards from integrating environmental, social, and governance (ESG) factors into their investment decisions. This co...

In the dynamic workplace environment of Papua New Guinea (PNG), first aid training is not only a responsible choice but also a legal requirement. St John Ambulance is passionate about teaching first aid because every life matters, and no one should suffer or die due to a lack of basic medical knowledge. By equipping the people of PNG with essential ...

Prime Minister Hon. James Marape has officially welcomed Newmont Corporation, the world's leading gold company, into Papua New Guinea. He made the welcome, Monday, November 6, 2023, during a joint press conference with Mr. Peter Toth, Chief Development Officer of Newmont, marking the company's acquisition of all Newcrest operations in PNG. Prime Minist...

Historic Mining-Industry Acquisition Sets the Standard for Gold and Copper Mining Newmont Corporation has announced it has completed the acquisition of Newcrest Mining Limited to create the world’s leading gold company with robust copper production. “Today marks a historic milestone in our company and the industry with the successful completion of t...

The Autonomous Bougainville Government is opening its doors to foreign direct investment from developed nations such as Australia, New Zealand, Japan, China, the United States, and European nations, President Ishmael Toroama said in a statement on 31 October. “The government recently declared Bougainville open for business, but this is a specific call ...

Mayur Resources Limited is pleased to announce the execution of an Investment Agreement with Vision Blue Resources, led by Sir Mick Davis, for a proposed investment of US$40 million for a 49% equity share (the Proposed Investment) in Mayur’s Central Lime Project (CLP). The execution of this long form Investment Agreement formalises the Term Sheet annou...

A leadership delegation from the owners of the Frieda River Copper-Gold Project met with senior executives from PNG’s Mineral Resources Authority (MRA) and the Conservation Environment Protection Authority (CEPA) to discuss the permitting of the project and the best practice environmental standards the project is committed to delivering. Operated by Pa...