Prime Minister Hon. James Marape has urged participants of the three-day World Indigenous Business Forum (WIBF) in Port Moresby to "think globally and act locally" in as far as international commerce and trade is concerned. This message was conveyed recently as Prime Minister Marape inaugurated the three-day WIBF, hosted at the APEC Haus in Port Moresb...

Minister for International Trade and Investment, Hon. Richard Maru says it is time the Government recognize the need for Papua New Guinean indigenous businesses to be recognized and supported as a unit in the country. Minister Maru said this recently during his closing address at the 14th World Indigenous Business Forum which was jointly hosted in Port Mo...

Mineral Resources Enga (MRE) on Friday October 13 2023, presented its position paper relating to the New Porgera Mine Community Development Agreement (CDA). MRE Chairman Kurubu Ipara, accompanied by directors Nixon Mangape and Mark Yakka, presented the position paper to Mining Minister Hon Sir Ano Pala at the Mining Haus. The presentation was witnessed...

A three-year technical cooperation between the PNG Extractive Industries Transparency (PNGEITI) and JICA will boost data transparency in the PNG Mining and petroleum sectors. This will be made possible with the signing of “Record of Discussion” between PNGEITI Stakeholders and JICA experts undertaken in August this year. The Record of Discussion whi...

Prime Minister Hon. James Marape has passionately called for China’s assistance in land reclamation, water desalination, and green energy initiatives to support small Pacific island states facing the challenges of climate change. Prime Minister Marape, representing the Pacific Islands Forum, has proposed to China that countries with significant carbon ...

A team of investors from one of China's biggest cities, Guangzhou, will be in the country at the behest of their government to explore downstream processing opportunities in PNG. Prime Minister Hon. James Marape was informed of this by Governor of Guangdong Province, H.E Wang Weizhong, when the two leaders met after PM Marape ended his attendance of th...

Trade between Papua New Guinea and China has surpassed K13 billion, with a surplus in our favour as PNG continues to export more to China than import from the Asian superpower. This clearly demonstrates the huge significance in maintaining and expanding the existing bi-lateral relationship with China as the superpower continues to provide the needed ma...

Over 500 delegates are expected to converge into Port Moresby next week to attend and participate in the World Indigenous Business Forum (WIBF) that will be hosted from October 24-26, 2023. From the 500 delegates, 150 will be international delegates who will be coming from 14 countries. Minister for International Trade and Investment, Hon. Richard Maru...

The Minister for International Trade and Investment, Hon. Richard Maru says Papua New Guinea (PNG) needs investments in all sectors and not just in the mining and petroleum sector. Minister Maru said this after hosting of the inaugural PNG-Asia Investment Conference in Hong Kong on October 16-17, 2023. “We need investments across all sectors in order t...

The European Union (EU) has transferred EUR 4.25 million (around 17 million Kina) to the Government of PNG to support key national policies on Good Governance and Anti-Corruption in the Social, Law and Order Sector (SLOS). With this grant, the EU recognizes and supports the Government’s commitment to the promotion of Good Governance and the eradication of...

Like other developing nations, Papua New Guinea has its fair share of problems including illiteracy and a dying need for human capital development especially for the youths who make up the majority of the country's population Life PNG Care is becoming a beacon of light for the silent majority of the population which are the children who will be the leader...

Governor General Sir Bob Dabae recently granted a special mining lease to New Porgera Limited (NPL), clearing the way for Barrick Gold Corporation to restart production at the gold mine, which has been on care and maintenance for three years. This follows the signing of a mining development contract and the conclusion of a fiscal stability agreement fo...

K92 Mining Inc. announces production results for the third quarter of 2023 at its Kainantu Gold Mine in Papua New Guinea, of 26,225 oz AuEq or 22,227 oz gold, 1,784,009 lbs copper and 40,233 oz silver. Sales during the quarter were 18,339 oz gold, 1,255,291 lbs copper and 30,484 oz silver. Production for the quarter was impacted from the safety inciden...

The Bougainville Coastal Waters Survey Program is set to commence this month to map out areas that constitute as ‘Bougainville waters’, as part of the drawdown of fisheries powers and functions to the Autonomous Bougainville Government. ABG President Hon. Ishmael Toroama officially launched the Survey today in Buka, signifying a milestone for Bougainvi...

Bougainville President Hon. Ishmael Toroama has expressed great disappointment at several parties who have been misleading the people of Bougainville on the Autonomous Bougainville Government’s proposals to review the 2015 Bougainville Mining Act. President Toroama made this statement during his maiden address to the Bougainville House of Representativ...

The Manetai Limestone Project is progressing to its next phase of development as road access clearance and grubbing work in the project area paves the way for limestone resource drilling. In providing a project update to parliament, Hon. President Hon. Ishmael Toroama in his capacity as Minister for Mineral and Energy Resources reported that incrementa...

Prime Minister Hon. James Marape has hailed the signing of four agreements on Friday, October 13, 2023, as a “giant leap” towards the reopening of the Porgera gold mine in Enga. The agreements signed between the State and New Porgera Ltd include the Mining Development Contract, Special Mining Lease 13, Fiscal Stability Agreement, and Escrow Arrangement fo...

Prime Minister Hon. James Marape has welcomed H.E Satu Mattila-Budich, the Ambassador-designate of the Republic of Finland to Papua New Guinea. Her Excellency, Mrs Mattila-Budich was introduced to the Prime Minister at his Sir Manasupe House Office, as PM Marape took the opportunity to invite Finnish investments into the country and highlight PNG’s pro...

Minister for International Trade and Investment, Hon Richard Maru officially announced the commencement of the joint feasibility study for a possible Free Trade Agreement between Papua New Guinea (PNG) and the People’s Republic of China (PRC). Minister Maru made the announcement today on the eve of Prime Minister, Hon. James Marape’s official state visit ...

The first direct flight between Port Moresby and Guangzhou of the People’s Republic of China is expected to take place in December this year. This announcement was made yesterday by the Minister for International Trade and Investment, Hon. Richard Maru. The discussion on opening of direct flights between Port Moresby and Guangzhou was held between Prim...

On October 16th & 17th, 2023, Papua New Guinea (PNG) Chamber of Mines and Petroleum will host the inaugural Papua New Guinea – Asia Investment Conference in the Kowloon Shangri-La Hotel in Hong Kong, with support of, and in partnership with, the National Government. The PNG Asia Investment Conference will feature Prime Minister Hon. James Marape an...

Ok Tedi Mining Ltd (OTML) conducted a 2-day meeting with its stakeholders over the weekend in a bid to commence awareness as a lead up to the upcoming Community and Mine Continuation Agreement (CMCA) Review planned to commence in early 2024. The meetings hosted at the New Century Hotel in Kiunga was attended by more than 100 leaders and representatives...

The Bank of Papua New Guinea presented to the Port Moresby Chamber of Commerce and Industry the September 2023 Monetary Policy Statement at the Hilton Hotel on the 4th of October 2023. Ms. Elizabeth Genia, Acting Governor of the Bank of PNG, said: "I would like to thank the POMCCI for inviting the Bank of Papua New Guinea to present the September Monet...

Papua New Guinea’s (PNG) economy is forecast to grow by 2% in 2023 and 2.6% in 2024 amid challenges in various fronts, says the Asian Development Outlook (ADO) September 2023.  Difficulties in accessing foreign exchange, power and water supply disruptions, frequent domestic flight cancelations, and issues in the banking sector are some of the economic ...