Papua New Guinea (PNG) needs to work on developing a very strong, deep, and a robust relationship with Indonesia, says the Minister for International Trade and Investment, Hon. Richard Maru who will be leading a trade delegation to Indonesia at the end of March this year. “We have wasted the last 50 years. Indonesia is the country we should have focuse...

Prime Minister and Treasurer Hon. James Marape has extended his gratitude and apologies to all businesses that have supported Papua New Guinea over the years,  in an address recently to the business community during the annual Back-to-Business Breakfast sponsored by Kina Bank in Port Moresby, The Prime Minister’s speech comes in the wake of the events ...

Prime Minister and Treasurer Hon. James Marape has described Morobe as one of the “most-important” provinces of the country which anchors 70 per cent of Papua New Guinea’s economy. He reiterated this sentiment on Friday, February 16, 2024, when receiving the K681 million Morobe Provincial Budget from Morobe Governor Hon. Luther Wenge. Prime Minister Ma...

Beltech Engineering, born as a one-man mining maintenance consultant that has grown into a significant national presence in Australia, now extends its expertise and commitment to excellence internationally to Papua New Guinea and the wider Oceania region. As a renowned engineering, fabrication, and maintenance services provider to the mining and heavy ...

Ok Tedi Mining Limited (OTML) is committed to maintaining an industry-institution relationship with the Papua New Guinea University of Technology (PNGUoT) to ensure the institution produces quality graduates that are ‘industry ready’. OTML Managing Director & Chief Executive Officer, Kedi Ilmibit, said this on 8th February at the opening week of PN...

More than 500 Papua New Guinea Defence Force (PNGDF) soldiers stationed in Port Moresby were recently treated to a belated but unforgettable Christmas Luncheon in February. Soldiers who had missed out on their traditional Christmas celebrations were surprised with a festive luncheon organized by the local catering company, iPi Catering. The event wa...

President of the Autonomous Region of Bougainville, Hon. Ishmael Toroama, met yesterday with over 300 participants of the Panguna Mine Land Owners Clan Chiefs, at Tunuru Catholic Mission outside of Arawa Town, Central Bougainville. The purpose of this important meeting was for President Toroama to inform the landowners of the Government’s recent decisi...

K92 Mining Ltd. (“K92”), the operator of the Kainantu Gold Mine in Eastern Highlands Province, is pleased to announce that it has welcomed 11 graduate students as part of the 2024 class of the K92 Graduate Program. The K92 Graduate Program was established in 2022 to award students who have completed their degree qualifications with the opportunity to u...

The State Team working on the Community Development Agreement (CDA) for the Porgera Project, (Friday 9 Feb) completed a two-days pre-CDA meeting. The meeting held in Mt Hagen, involved the 25 Special Mining Lease (SML) landowner agents, and Ward Councillors of the Porgera Rural Local Level Government, which hosts the Porgera Mining project. The purp...

​ Consort Express Lines (Consort) proudly announces the latest addition to its fleet – MV Papuan Coast. The vessel, formerly known as MV Dili Chief, has now been seamlessly integrated into Consort's liner operations following its deployment in Consort’s network since November 2023. The acquisition, completed on the 3rd February 2024 at a total cost ...

It was a joyous celebration on Thursday the 1st of February at Hilton Hotel as the Star Mountain Plaza Hilton Port Moresby officially opened its stage 2 Star Mountain Plaza Hilton Residence and welcomed the launching of its third development project, an office complex and mixed use retail precinct. Marking the first branded residences in Papua New Guin...

Bougainville Copper Limited (BOC) has confirm that the Autonomous Bougainville Government (ABG) has taken a decision to award a five-year extension of the Company’s EL01 exploration licence for the Panguna project in Central Bougainville. At a ceremony in Buka recently, to mark the granting of the extension, Bougainville President Ishmael Toroama said ...

PNGX Group, operator of Papua New Guinea’s national stock exchange, is pleased to announce that it has received advice from the Internal Revenue Commission (“IRC”) that, having looked into the taxation treatment of the various PNG residents impacted by the establishment of depository interests (“PDIs”), the IRC is satisfied that the existing tax treatment...

Prime Minister and Treasurer Hon. James Marape has welcomed the positive update from New Porgera Ltd (NPL) regarding the Porgera mine’s reopening. He conveyed his satisfaction with the announcement that the restart of Porgera is well underway and on schedule, with the first gold production expected in the first quarter of 2024. Expressing his appreciat...

Treasury has recently approved the Manus Provincial Government Budget of K180,594,462, presented last week to Prime Minister Hon. James Marape. Prime Minister Marape said the Manus provincial budget, and the budgets of Enga, New Ireland Province and the Autonomous Region of Bougainville have been approved. Governor Hon. Charlie Benjamin presented th...

Swire Shipping announced today that Westwood Shipping Lines (Westwood), a niche vessel operator specialising in the trade between the Pacific Northwest and Northeast Asia, will change its name to Swire Shipping effective 1 February 2024. Swire Shipping acquired Westwood in June 2022 as part of a growth strategy to expand its liner network in North America...

Minister for International Trade and Investment, Hon. Richard Maru urged his Department Head and Agency Heads to deliver results this year. Minister Maru made this statement in a meeting recently with the heads of Department of International Trade and Investment, National Trade Office, Special Economic Zone Authority, and the Securities Commission of Papu...

Mining Minister Honourable Muguwa Dilu, recently said delivering Porgera and Wafi Golpu projects, and progressing Freda River were amongst the government’s key priorities under his leadership. The Minister outlined his priorities during the hand-over-take-over ceremony of the Mining Ministry between him and his predecessor Hon Sir Ano Pala. He said ...

Out-going Mining Minister Honourable Sir Ano Pala, officially handed over the Mining Ministry to the new Mining Minister Honourable Muguwa Dilu recently, during a ‘hand-over-take-over’ ceremony. Hon Dilu was appointed as the Mining Minister in a cabinet reshuffle last week, that saw his predecessor Sir Ano, appointed as the National Planning & Moni...

New Porgera Limited (NPL) is pleased to announce that the restart of Porgera is progressing well and is on track. First gold production is expected to be achieved in Q1 2024, as planned, subject to the Highlands Highway continuing to remain open and no further vandalism of project infrastructure.  NPL General Manager, Chad Coulin, acknowledged the tremend...

The Asian Development Bank (ADB) welcomes a new framework for public–private partnerships (PPPs) in Papua New Guinea (PNG) aimed at unlocking private investment and know-how, and allowing PNG to expand and improve infrastructure service delivery. The new framework was developed with the support of ADB’s Pacific Private Sector Development Initiative (PS...

The Credit Guarantee Corporation Limited (CGC) is pleased to announce the signing of groundbreaking agreements with ten leading financial institutions in the country aimed at providing critical credit guarantees to support small and medium-sized enterprises (SMEs) in Papua New Guinea (PNG). These landmark agreements reinforces CGC’s commitment to bolst...

Bank South Pacific Chief Executive Officer, Mark Robinson, expressed his enthusiasm for the economic potential of Papua New Guinea over the next decade. During a meeting held on Tuesday, January 23, 2024, Robinson conveyed his confidence in the country’s trajectory to Prime Minister and Treasurer Hon. James Marape. Prime Minister Marape highlighted the...

In a significant diplomatic engagement, Prime Minister and Treasurer Hon. James Marape underscored the pivotal role of Malaysia as a “very important” bilateral partner for Papua New Guinea (PNG). The statement was made during the welcoming address to the new Malaysian High Commissioner, H.E. Hamizan Hashim, on Tuesday, January 23, 2024. Prime Minister ...