The Rotary Club of Lae Huon Gulf has once again demonstrated the power of partnerships in driving community impact, with the success of the 2024 Rotary Gala significantly boosted by contributions from corporate supporters like Westpac.
At the heart of this success was the auction of a signed Queensland Maroons jersey, generously donated by Westpac. The jersey, signed by rugby league legend Mal Meninga, fetched an impressive K12,000 during the Gala’s live auction. The event, held on June 1st, 2024, under the thrilling "007 James Bond Casino Royale" theme, saw enthusiastic guests rallying behind the auction, reinforcing the spirit of community collaboration that underpins Rotary’s mission.
President of the Rotary Club of Lae, Piero Banchetti emphasised the importance of collaborations and highlighted the areas to which the support is going to saying;
“Proceeds from the event have gone towards vital community projects, including the purchase of school desks for Christ the King Primary School and Labu Butu Elementary School. Additionally, funds have supported critical healthcare initiatives, such as the procurement of a specialised Blood Storage Fridge for Angau Memorial Hospital’s Blood Bank—a much-needed resource that will ensure a stable supply of life-saving blood transfusions. The fridge is expected to arrive and be handed over by February 2025. Rotary is also working towards the repair and maintenance of the Blood Bus, previously donated to the hospital”, said Mr Banchetti.
Westpac’s Acting CEO Warren Bobin commended the strong partnership with Rotary, stating:
"Westpac has a long-standing commitment to supporting initiatives that create lasting impact in our communities. The success of the 2024 Rotary Gala shows what can be achieved when businesses and service organizations work together. We are proud to have contributed to such meaningful projects that will benefit schools and healthcare services in Lae."
Recently, the framed Queensland jersey was officially handed over to the successful bidder marking, another milestone in this ongoing collaboration with the Rotary Club of Lae Huon Gulf. The club emphasised that Westpac’s support has not only strengthened financial outcomes but also inspired others to contribute to the community.
With such impactful initiatives underway, Westpac and the Rotary Club of Lae Huon Gulf continue to build a legacy of positive change, proving that collective efforts can truly transform lives.
Papua New Guinea has entered a week of national mourning following the peaceful passing of former Prime Minister Right Hon. Sir Julius Chan at the age of 85, the last standing of the founding fathers of the country.
The Chan family released a statement on Thursday 30 January, afternoon announcing the death of Sir Julius Chan at 12.30pm at his beloved home at Manmantinut, Huris surrounded by family and friends.
“We thank all those who have stood by him, and those who have shared his legacy throughout his political life from pre-independence to the time of his passing.
He was a political icon transcending generations and his legacy will remain forever in the pages of our history books and moreso in the hearts of so many.”
Sir Julius' political journey from 1939 to January 30, 2025, holding several respectable positions in the PNG political space as the Prime Minister, deputy prime minister, minister and party leader, that’s nearly 50 years in politics and served as PNG’s second Prime Minister, serving two terms between 1980–1982 and 1994-1997.
Sir Julias Chan was one of the last surviving members of the first post-independence leadership team.
He played a pivotal role in shaping the nation’s economic policies, governance, and its transition from colonial rule to self-governance.
The news of his death has flooded the country with emotion as his passing coincided with the launch of PNG’s 50th Anniversary Celebrations, this year.
PNG’s mainstream media rushed to their historical archives to put out what they have, beautifully told and untold stories of Sir Julius. Pictures dated back, black and white that brought out emotions and feeling of patriotism.
One memory notable to all is when Sir Julias Chan was the first Finance Minister in 1972 taking credit for creating the central bank and PNG’s currency, Kina and Toea, known as the father of the Kina and Toea.
To honour Sir Julius’s life and contributions, the government organized a formal State Funeral. Prime Minister Hon. James Marape on February 01, confirmed the updated State Funeral Programme for the late Sir Julius Chan, following discussions with his family.
The funeral programme included a Public Memorial and Cultural Observances on Saturday, February 1 by the New Ireland Community Programme at Kopkop College in Port Moresby (Public welcome). The casket remained at Erima Funeral Home overnight.
On Sunday, February 2, the State Funeral and National Haus Krai was held. Followed by a State Funeral Service at St. Mary’s Cathedral (PNG Defence Force Ceremonial Guard present) and National Haus Krai (mourning place) at Sir John Guise Indoor Stadium (Tributes, cultural presentations, and speeches by national leaders, including Prime Minister Marape).
The National Haus Krai was hosted by the National Capital District (NCD) Governor, Hon. Powes Parkop and provided an opportunity for everyone including Members of Parliament, senior bureaucrats to pay their final respects to Sir Julius Chan.
At the National Haus Krai, National leaders, MPs, and party leaders spoke on behalf of their constituencies and political parties.
This tribute served as a time of remembrance and respect as the country reflected on the monumental contributions of this great man.
The Prime Minister in his statement, further described Sir Julius as one of the last remaining leaders of PNG’s independence era, acknowledging his influence in shaping the nation’s trajectory.
"Sir Julius’s passing is a moment of deep reflection for our nation. He was part of a generation of leaders who took this country forward from colonial rule to self-governance. His leadership, vision, and dedication will be remembered as we continue the work of building Papua New Guinea," Marape stated.
Prime Minister Marape will personally accompany Sir Julius’ body to his home province New Ireland, to its final resting place on Wednesday.
PM Marape said, “The Government will honour him while staying true to his final wish.”
“When Parliament reconvenes in March, the first two days will be dedicated to recognising his immense contributions to Papua New Guinea.
“We owe him our gratitude for a lifetime of service. He was a visionary leader, a founding father, and a statesman who shaped our history. The nation will take this time to reflect on his legacy and give him the farewell he rightfully deserves.
On February 3, lying in state at Parliament Grand Hall, the state dignitaries and MPs paid their last respects. By 12:30 PM, Sir Julias Chan’s casket departed Port Moresby for Kavieng. The 19-Gun Salute by PNGDF at APEC VIP Terminal, was the final respect from everyone in the nation’s capital.
On Tuesday, February 4, the Provincial Funeral and Customary Observances took place. By Wednesday, February 5, burial service for the Late Rt. Hon. Sir Julius Chan at Huris, his home village honouring Sir Julius Chan’s Legacy.
Prime Minister Marape described Sir Julius as a "towering statesman" whose decades of service shaped the nation’s political and economic landscape.
"Sir Julius Chan was not just a leader; he was a statesman of great wisdom and resilience, a man who dedicated his life to the service of our country," Marape stated.
Sir Julias Chan is survived by his wife, Lady Stella Chan, and children Vanessa, Byron, Mark and Toea.
May Sir Julius Chan rest in eternal peace.
K92 Mining Ltd. has announced a series of leadership changes and highlighted the significant contributions of Dr. Chris Muller and Dr. Mark Schubert, both of whom have played instrumental roles in the company’s achievements.
Dr. Chris Muller, who joined K92 in 2016, most recently served as the Executive Vice President – Exploration. Dr. Muller was a member of the team in the discovery of Kora North, a significant achievement recognized with the 2021 Thayer Lindsley Award for Best Global Discovery from the Prospectors and Developers Association of Canada.
His efforts also led to the discovery of the Blue Lake porphyry, which in 2022 delivered a maiden 10.8 million ounces of gold equivalent (AuEq) in inferred resources.
Reflecting on Muller’s contributions, K92 CEO and Director John Lewins said, “I want to express my gratitude to Chris Muller for his very significant contribution to our exploration success.”
The company extended its best wishes to Dr. Muller in his future endeavors.
Dr. Schubert, who joined K92 in 2019 as General Manager, External Affairs and Sustainable Development, has announced his retirement. He spearheaded engagement efforts and sustainable development programs with local communities, earning K92 Mining multiple ESG Industry Awards from the Papua New Guinea Chamber of Resources and Energy. These awards include:
Recognizing Dr. Schubert’s achievements, John Lewins said: “While Mark Schubert will still be with us for some months, I would also like to recognize his exceptional contribution and initiatives within our local communities. We wish him well in his well-deserved retirement.”
As part of its ongoing operations, K92 Mining has made new leadership appointments. Heidi Grobler, who has been with the company for over three years, has been promoted to a leadership role as Vice President Human Resources.
Lewins commended her performance, stating: “Over the past three years, Heidi Grobler has consistently demonstrated exceptional dedication, resourcefulness, and the ability to excel in many roles, making her a natural fit for this promotion.”
Additionally, the company welcomed Stanley Komunt, who brings extensive expertise in community and government relations in PNG, having worked with Newcrest and Newmont. Lewins expressed enthusiasm about his appointment, highlighting Komunt’s contributions to the team.
To ensure continuity in exploration leadership, Andrew Kohler will serve as Interim Vice President, Exploration. Kohler has been with K92 for over eight years, making significant contributions to the company.
Lewins said: “We are well-positioned to ensure continuity and leadership during this transitional period while we evaluate the long-term needs of the role.”
Lewins emphasized K92’s commitment to growth and innovation, saying: “As K92 Mining continues to grow and evolve, the leadership changes announced today reflect our firm commitment to building a strong, dynamic team capable of driving our success well into the future.”
“Congratulations to Heidi, Stanley, and Andrew on their appointments, and I look forward to their continued contributions as we build on our achievements and pursue the exciting opportunities ahead.”
K92 Mining Inc. has released an update regarding its operations and strategic plans for the future with its 2025 Operational Outlook, which outlines another record year of production plus major capital investment and investment in exploration.
John Lewins, Chief Executive Officer and Director of K92 Mining, expressed his optimism and enthusiasm for the company’s trajectory in 2025 and beyond.
“There is tremendous enthusiasm internally, among our various stakeholders including in Papua New Guinea for the year ahead, as K92 transforms into a Tier 1 Mid-Tier Producer with the delivery of the Stage 3 Expansion,” he said.
A key milestone in this “transformative” journey is the scheduled commissioning of the Stage 3 Expansion process plant in the latter half of the second quarter of 2025, the company said.
This development represents a significant leap in K92’s throughput and production capacity, showing a step-change in operational capabilities.
A significant investment in the expansions has already been made. At the end of 2024, 70% of the capital required for the Stage 3 and Stage 4 expansions will have been spent or committed, it added.
Additionally, K92 Mining’s cash reserves have reached record highs, assuring funding for the remaining capital investment to complete the expansions, driven by two consecutive quarters of record gold production in a record gold price environment.
Strengthening the company’s financial position are $60 million in undrawn credit facilities, which include an accordion feature to increase capacity by an additional $30 million with Trafigura.
To mitigate commodity price risks, K92 has secured gold put contracts providing insurance against potential price downturns until mid-2025 while it completes this major investment.
The company also reiterated its commitment to exploration with yet another year of major exploration investment, with plans to significantly increase it upon delivery of the Stage 3 Expansion.
Lewins stated: “During this major production growth period, we plan to continue to invest heavily in exploration and significantly ramp up our exploration activities.”
K92 Mining’s exploration portfolio includes promising deposits such as Arakompa, Maniape, Kora-Kora South, and Judd-Judd South, and emerging targets like Mati, Mesoan, and Bona Creek.
Additionally, the company continues to advance its porphyry prospects, particularly Blue Lake and A1.
“We believe we control a significant and well-endowed mineral district that we are just scratching the surface of. We look forward to providing updates in due course,” Lewins said.
Papua New Guinea’s Minister for Mining, Hon. Wake Goi, has commended the progress of Phase 2 construction at the Central Cement and Lime Project’s wharf in Kido, Central Province of Papua New Guinea calling it “a significant step toward economic diversification and industrial self-sufficiency.”
Minister Goi visited the project site alongside the Member for Kairuku-Hiri, Hon. Keith Iduhu, on January 27 to assess developments at the country’s first new greenfield mining venture in 16 years.
The project, owned by Mayur Resources Limited, is expected to play a key role in reducing Papua New Guinea’s reliance on imported building materials by locally producing quick lime, clinker, and cement.
Minister Goi said, "The Central Cement and Lime Project is not just a testament to our nation’s diverse rich mineral resources but also a beacon of our strategic vision to harness these assets for sustainable development.”
“The production of quick lime and clinker/cement will be pivotal in supporting nation building infrastructure projects across Papua New Guinea with its own manufactured building materials, thereby reducing our reliance on imports and fostering self-sufficiency.”
The Marape-Rosso government has consistently advocated value-added processing in the mining sector, aiming to transform the country’s rich natural resources into economic opportunities, MP Goi said.
Prime Minister James Marape has reinforced this vision, stating: “We must capitalize on the vast natural resources and convert those into real development outcomes which will grow our economy and make us self-sustaining.”
A key factor in the project’s success has been the implementation of Special Economic Zone (SEZ) fiscal policies, designed to attract foreign direct investment by creating a competitive business environment, the government said.
Minister Goi noted, “Our government’s SEZ fiscal policies are crafted to create an investor-friendly environment. The progress we witness today—turning the rock in our ground into the products that build our roads—is a direct result of these policies, reflecting the confidence foreign direct investors have in Papua New Guinea’s economic potential.”
“My involvement and oversight of such projects underscore the industrious approach I expect myself to perform against in this role, advancing Papua New Guinea’s mining sector.”
As construction continues, MP Goi said the government remains committed to ensuring that the project delivers widespread benefits, including job creation, economic growth, and sustainable development for local communities and the country at large.
Negotiations for the Community Development Agreement (CDA) of the Central Cement and Lime Project commenced on Jan. 30 in Port Moresby for the project in the Hiri-Koiari District of Central Province, Papua New Guinea.
Officials said the discussions are expected to last at least a week, bringing together key stakeholders to finalize agreements on benefits for impacted communities.
Key issues under negotiation include royalties, Special Support Grants (SSG), the Tax Credit Scheme, a Business Development Plan (which involves spin-off benefits and contracts for landowners), and infrastructure development.
These agreements will outline how the project will contribute to the economic growth of the region and improve the livelihoods of impacted communities.
The CDA negotiations involve the Kido Landowners Association, Rearea Landowners Association, Hiri Rural Local Level Government, Central Provincial Government, the State, and developer Mayur Resources Limited.
The first two days of negotiations were attended by Central Governor Hon. Rufina Peter and Member for Hiri-Koiari Hon. Keith Iduhu at Kwalimu Haus.
Both leaders expressed their strong support for the project, emphasizing its potential to significantly impact on the district, province, and the nation. They reassured stakeholders they were committed to ensuring landowners and local communities benefit from the development.
The National Government anticipates the CDA will be signed within the first quarter of this year. This milestone is expected to be one of the key highlights of PNG’s 50th Independence anniversary celebrations alongside major resource projects such as Porgera and Wafi-Golpu.
One of the most pressing issues raised by Papua New Guinea’s Minister for Foreign Trade and Investment, Hon. Richard Maru, is the state of the oil palm industry, which he described as being in “a mess.”
MP Maru revealed that the government has commissioned an independent investigation to address regulatory gaps, pricing disparities, laws, and policy, including the industry structure and land acquisition issues that have plagued the sector for decades.
“We must ensure that our people benefit from their land. Right now, they get very little, while foreigners who acquire their land make huge profits. It’s time to clean up this mess,” he stated.
The Oil Palm Investigation Team is the first of its kind and has already arrived in Port Moresby, Minister Maru told the media on Jan. 31 in Port Moresby.
He reassured the public that the investigation team consists of independent experts, including an economist, an accountant, and a legal advisor, to provide unbiased recommendations.
Given the timeframe of the investigation of about three weeks, the team’s findings would be submitted to the National Executive Council (NEC) and debated in Parliament to establish a new regulatory framework, the MP said.
Minister Maru expressed his frustration over PNG’s reliance on foreign loans, emphasizing that a strong oil palm industry could transform the nation’s economy.
Oil palm is the country’s leading agricultural export, generating over K2.8 billion in exports in 2022.
“If we develop the oil palm industry properly, we could increase our revenue from K2.5 billion to K25 billion or more. We need to support our people to get fair prices for their produce, which will encourage them to expand cultivation,” the minister said.
“The oil palm industry has been self-regulating for the last 50 years because the government does not have a policy or law to regulate it,” Maru explained.
He highlighted extreme pricing discrepancies, noting that farmers in different oil palm provinces such as in Kimbe, West New Britain Province and in Rabaul, East New Britain receive different purchasing amounts.
“This investigation will bring to light the differences in lease-leaseback arrangements, land dealings, and price formulas,” he said.
“Our interest as a government is that there should be one price for everybody. When the world market price is high, our farmers must benefit,” he said, noting that implementing a national pricing formula ensures fair compensation for landowners and farmers.
While he admitted this should have been done earlier, MP Maru said his Ministry are taking up the responsibility to ensure the oil palm industry in PNG gets the attention it deserves to grow and boost the economy.
“It’s never too late. It's better to do it now. I've taken the initiative to do it. I thank the government, Prime Minister Hon. James Marape and the Cabinet for agreeing with me that we need to sort out this industry and set it on a growth path,” he said.
“The oil palm industry is the most important agricultural sector in PNG, yet it lacks a proper regulatory framework. We need policies that protect our landowners and ensure that foreign investors do not exploit our resources while paying our people very little,” he added.
MP Maru has declared 2025 as a pivotal year for his ministry, setting ambitious targets to drive economic growth, employment, and industry reform, particularly in the oil palm industry, vowing to “deliver as best as they can in the course of this year.”
He underscored the need for tangible outcomes and directed ministry heads to meet specific targets that have not been achieved since PNG’s independence.
Minister Maru cited Indonesia’s oil palm sector, which employs over four million people, as a model for PNG to follow.
“One oil palm mill with 10,000 acres can create 5,000 jobs. The PNG LNG project only employs 3,500 people. We need to focus on industries that will create real employment for our young people,” he stressed.
He made a strong call to action, saying that PNG has the potential to achieve economic independence.
“I want to see the day when we no longer borrow money. I want to see the day when we have enough revenue to pay for our children’s education, maintain our universities, and develop our country,” the MP said.
Minister Maru affirmed that the Marape government is committed to taking the necessary steps to reform the oil palm industry and drive economic growth, as his ministry is working with other departments, government regulators, and the Minister for Oil Palm Hon. Francis Galia Maneke in “ensuring a smooth flow of the investigation and implementation is done accordingly.”
“The success of this industry will determine the future of our country. We are building an industry that will provide jobs, grow our economy, and secure our financial independence,” he said.
To bring investors into the Yangoru-Saussia District, the Minister for International Trade and Investment, MP Hon. Richard Maru is cleaning up his district with the operation “Ston Brukim Ston” starting in February in line with the preparations for the 50th Independence anniversary of Papua New Guinea.
The Minister said up to three investors are interested in the district in the West Sepik Province of PNG. MP Maru added he has made this year “a year of execution” in both his Ministry and Yangoru-Saussia district portfolios.
"The 50th Independence Anniversary will close one chapter of our nationhood and will begin a new chapter for our Yangoru-Saussia District. We want to bring our district to see economic progress and prosperity, and lawlessness cannot be part of our future," added Minister Maru.
In a press conference on January 31 in Port Moresby, MP Maru added: "Operation Stone Brukim Stone has three key objectives. They are to bring all criminals who are on the run and not been convicted to justice; prevent more crimes; and create a more conducive environment for business to thrive in our district.”
The operation will be fully funded by the Yangonu-Saussia District Development Authority at the cost of K1 million, the minister said.
“This major police operation, together with the support of all local leaders and our communities, is to ensure all criminals on the run and those not prosecuted and convicted must be brought to justice,” he added.
The Minister’s office will also work in collaboration with local churches to ensure the project is carried out successfully across the district.
“We are beefing our police resources by providing two brand new houses to police in Yangoru for a new prosecutor and a new CID (Criminal Investigation and Detection) Officer, and we will provide these two critical officers two new vehicles,” MP Maru said.
“With the arrival of the first batch of mobile police officers next week to begin possession of the new Yangoru Mobile Barracks, we will have sufficient manpower to commence this police operation,” he said.
“We are also building and completing new police stations at Nagum, Haripmo, and Womayen and completing the new Yangoru District Police Headquarters at Yangoru Station to increase police presence and visibility in our district."
To the criminals in Yangoru-Saussia District, Minister Maru said: "Your days are numbered. We will declare war on all murderers, rapists, armed robbers, those who produce and consume homebrew, and also those engaged in domestic violence.”
“We have been arresting many suspects for too long (but) not getting them convicted and sent to prison. We cannot continue to arrest so many suspects without criminal convictions. This has to be a culture of the past," he said, as he called for a collective effort from all people of Yangoru-Saussia.
“We must all rise up and combine to get rid of all criminals who have been killing and destroying the lives of many innocent people and destroying the name and reputation of our district,” MP Maru said.
“I look forward to working very closely with our Yangoru Squad to support our local efforts to clean up Yangoru-Saussia District from criminals. Law and order will be our first priority in 2025 and we will focus our efforts and resources towards fighting crime and bringing to justice those who are on the run and those who have been arrested but not yet prosecuted and convicted of their crimes,” he said.
“We cannot, and we must not accept or tolerate criminals to continue to thrive in our communities. They must be our public enemy number one. We will work very closely with the Office of the Police Commissioner for additional resources to help us achieve the objectives of this operation."
Steamships Hospitality and Coral Sea Hotels are proud to acknowledge the Grand Papua Hotel and Gateway Hotel and Apartments who both have achieved the SafeHotels Certification, the world’s leading safety and security certification.
SafeHotels is the first independent, global Hotel Safety and Security Certification providing certification standards based on best practice, safety, security and hygiene globally.
Undertaking the immense task of SafeHotels certification illustrates Steamships Hospitality and Coral Sea Hotels’ unwavering commitment to comfort, hygiene, safety and security of both our colleagues and guests. SafeHotels is about a passion for hotels and a passion for the highest standards of safety, security and hygiene when staying in a hotel. Standards are independently set through a world leading Certification program including on-site assessments by experts with years of knowledge and understanding of hotels across the globe.
The Grand Papua is the first hotel to be certified, let alone achieving Premium status, in all of Australasia and The Pacific Islands. Gateway Hotel and Apartments have also received certification. Steamships Hospitality is now embarking on certification across all properties across Papua New Guinea.
“We are absolutely thrilled to have achieved the certifications on the first attempt,” said Steamships Hospitality CEO, Alan Christie “On average, only one in five hotels achieve certification and even smaller achieve Premium certification in their first assessment, and I cannot commend the teams at Grand Papua Hotel and The Gateway Hotel and Apartments for their commitment over the past few months to achieving excellence.”
Patrons who choose to stay at the Grand Papua Hotel and Gateway Hotel and Apartments will now have peace of mind, that their chosen hospitality venue has undergone and completed a rigorous checklist, to ensure that all possible measures have been taken to ensure customers well-being, and that each hotel has thought through its Safety, Security and Hygiene programs from prevention to crisis management; setting us apart from our competitors, locally, nationally and internationally.
Steamships Limited strive for excellence with safety first, and always in all our operations.
Prime Minister James Marape provided an update following his productive meeting with ExxonMobil CEO Darren Woods during the World Economic Forum in Davos, highlighting key discussions on the PNG LNG, Papua LNG, and P’nyang LNG projects.
During the meeting, Mr. Woods reiterated ExxonMobil’s strong commitment to progressing these critical energy projects. As the world’s leading oil company, ExxonMobil continues to play a pivotal role in developing Papua New Guinea’s energy resources. Prime Minister Marape shared that Mr. Woods assured him of ExxonMobil’s dedication to collaborating closely with TotalEnergies and other partners to ensure timely decisions and progress on Papua LNG.
“Mr. Woods assured me that he will also be meeting with TotalEnergies CEO Patrick Pouyanné , and I will similarly engage with Mr. Pouyanné to align commitments and expedite the Papua LNG project,” Prime Minister Marape stated.
The Prime Minister emphasised the government’s focus on synchronising Papua LNG and P’nyang LNG to maximise benefits for Papua New Guinea.
“When we combine the gas resources from Papua LNG and P’nyang LNG fields, we have 11 trillion cubic feet (TCF) of gas. This is a tremendous opportunity, and our government is committed to supporting ExxonMobil, TotalEnergies, and their joint venture partners to sequence the projects effectively,” he said.
The discussions centred on expediting final investment decisions (FID), construction, and the first production of gas for Papua LNG, followed by transitioning resources to advance the P’nyang LNG project.
“We aim to ensure that once Papua LNG is operational, efforts are swiftly mobilised to develop P’nyang LNG. Together, these projects, along with the existing PNG LNG operations, will secure Papua New Guinea’s status as a leading gas-producing nation through 2060 and beyond,” Prime Minister Marape added.
Prime Minister Marape highlighted that later, Mr. Woods and Mr. Pouyanné will be meeting to discuss their joint approach to advancing Papua LNG and P’nyang LNG. These discussions aim to ensure a collaborative path forward for the projects.
“The commitment of these global leaders to Papua LNG and P’nyang LNG is crucial for PNG’s economic future. Their shared focus on these projects gives us confidence in achieving our vision of sustainable resource development that benefits all Papua New Guineans,” he concluded.
Prime Minister Marape reaffirmed his government’s dedication to supporting the projects and ensuring their successful implementation, securing long-term economic growth and energy security for Papua New Guinea.
Prime Minister James Marape recently held a productive meeting with Tom Palmer, President and CEO of Newmont Corporation, and Peter Toth, Newmont’s Executive Vice President for Strategic Development. Discussions centred on advancing the Wafi-Golpu Project, ensuring efficiency in Newmont’s operations in Papua New Guinea, and addressing the company’s global restructuring.
Prime Minister Marape emphasised that Newmont’s global restructuring will not impact its operations in Papua New Guinea.
“Mr. Palmer and Mr. Toth assured me that PNG remains a significant part of Newmont’s global portfolio. They are committed to ensuring efficiency in the Lihir gold mine operations while staying focused on progressing the Wafi-Golpu Project,” said Prime Minister Marape.
The Prime Minister also reaffirmed the government’s commitment to finalising the Mine Development Contract (MDC) for Wafi-Golpu within the first quarter of 2025.
“I have instructed the State Negotiating Team to review the draft MDC currently under consideration. Upon my return, we will finalise all outstanding matters in February to ensure the contract is signed at the earliest possible time. This will allow the project to move toward a Final Investment Decision (FID) and subsequent development,” he added.
The Wafi-Golpu Project is poised to become one of the world’s largest copper mines, with significant gold resources. Prime Minister Marape emphasised the project’s transformative potential for Papua New Guinea’s economy and its people.
“The State will have a 30% equity stake in the project, with 10% of that stake allocated to the Morobe Provincial Government and landowners. We are committed to ensuring the benefits of this project are shared equitably among all stakeholders,” he stated.
The Prime Minister also confirmed that the government will engage with the Morobe Provincial Government and landowners to finalise community benefit-sharing agreements.
Prime Minister Marape acknowledged Newmont’s status as the world’s leading gold mining company and welcomed their continued presence in Papua New Guinea.
“Mr. Palmer assured me that Newmont will maintain its Port Moresby office despite the company’s global restructuring. This demonstrates their commitment to PNG as an integral part of their portfolio,” he said.
The Prime Minister also highlighted an opportunity for Papua New Guinean individuals, companies, and superannuation funds to invest in Newmont, whose shares are now listed on the Port Moresby Stock Exchange.
“This opens up opportunities for our people to participate directly in the success of the world’s largest gold mining company,” he added.
Prime Minister Marape concluded the meeting by reaffirming his government’s commitment to advancing the Wafi-Golpu Project as a national priority.
“This is a project my government is deeply committed to, and we aim to finalise the MDC within the first quarter of 2025. With strong support from Newmont, the Wafi-Golpu Project is poised to become a transformative development for Papua New Guinea, driving economic growth and creating lasting benefits for our people,” he said.
Prime Minister James Marape concluded a series of high- level meetings at the World Economic Forum with a productive discussion with Patrick Pouyanné, CEO of TotalEnergies, focusing on the Papua LNG project and its future progress.
Prime Minister Marape confirmed substantial progress on the re-engineering and re-scoping of Papua LNG, which is now moving toward the next phase of development.
“Mr. Pouyanné provided updates on Papua LNG’s progress, assuring us that the project remains on track despite earlier delays due to cost concerns. The initial tender of $18 billion for construction was deemed economically unfeasible, so the project partners went back to the drawing board. Now, the re-engineering work is in an advanced stage, and they are on schedule to move from the concept stage to final investment decisions and project development by the end of this year,” Prime Minister Marape said.
The Prime Minister highlighted the strong commitment from both TotalEnergies and ExxonMobil, the lead investors in Papua LNG.
“This meeting reaffirmed the earlier discussion I had with Mr. Darren Woods, CEO of ExxonMobil. Both companies are aligned in their commitment to ensuring Papua LNG progresses within a feasible economic framework, providing a solid return on investment for all stakeholders, including Kumul Petroleum, which holds a 22.5% stake in the project,” he noted.
Prime Minister Marape also emphasised that Papua New Guinea remains a robust and attractive destination for energy producers, given its proximity to key Asian markets.
“Mr. Pouyanné confirmed TotalEnergies’ long-term presence in PNG. Beyond Papua LNG, they are also pursuing new exploration opportunities, including the Mailu offshore drilling project in the eastern part of Central Province, along with additional exploration in fields near the Pasca gas condensate project,” he added.
The Prime Minister encouraged all current energy investors, including TotalEnergies, ExxonMobil, and Santos, to expand their exploration activities in Papua New Guinea.
“It is also exciting to see TotalEnergies investing substantial resources into new exploration. Offshore drilling in Central Province could yield promising results, and their commitment to exploration signals long-term confidence in PNG’s energy potential,” he said.
Prime Minister Marape also discussed Papua New Guinea’s environmental commitments and invited energy investors to partner with the government in conservation efforts.
“I have invited TotalEnergies and ExxonMobil to collaborate with the government in dedicating specific parcels of forests for carbon offsetting, ensuring their operations in PNG achieve carbon-neutral or even carbon-negative outcomes. This initiative aligns with our broader efforts to conserve forests and contribute to global climate solutions,” he said.
The timeline for Papua LNG remains on track, with a final investment decision expected later this year. Both TotalEnergies and ExxonMobil reiterated their commitment to progressing not only Papua LNG but also associated projects such as P’nyang LNG.
“The consistent commitment from these two global energy leaders, TotalEnergies and ExxonMobil, is encouraging. Their focus on advancing Papua LNG and exploring new opportunities positions Papua New Guinea as a key player in the energy sector for decades to come,” Prime Minister Marape concluded.
Prime Minister Hon. James Marape on Tuesday, January 28, 2025, welcomed a high-level delegation from TotalEnergies to discuss the progress of key LNG projects in Papua New Guinea, including the flagship Papua LNG project and new exploration opportunities at Mailu in Central Province. The delegation included Mr Mehmet Celepoglu – Vice President Oceania and Southeast Asia, Mr Daniel Domine – Managing Director of Marketing and Services PNG, and Mr Arnold Berthet – Managing Director of Exploration and Production for Papua LNG. The meeting centred on project timelines, workforce development, and the significant economic benefits these initiatives are expected to deliver for the country.
During the discussions, TotalEnergies provided an overview of their operations and outlined their strategic roadmap for advancing LNG production in PNG. Four key work streams were highlighted: securing competitive contractor offers, marketing LNG, finalising project financing, and obtaining regulatory approvals. Substantial progress has already been made, including optimising project designs, encouraging competition among contractors, and securing supply agreements with LNG buyers.
The delegation detailed specific design optimisations that have helped reduce project costs.
These included reducing the diameter of gas pipelines to attract more competitive bids, replacing condensate pipelines with an FSO (Floating Storage and Offloading) pipeline system, and implementing horizontal drilling to minimise environmental impacts. These measures have not only lowered costs but also ensured alignment with global sustainability standards.
Prime Minister Marape used the opportunity to underscore the importance of prioritising Papua New Guineans in the workforce. He stated, “I do not want 10,000 overseas workers to fill these roles. I want 10,000 Papua New Guineans—from Kikori, Gulf Province, and other communities across the country—trained and ready to contribute.”
Prime Minister Marape delivered a strong message to TotalEnergies and its contractors, emphasising that employing Papua New Guineans is non-negotiable. “We expect at least 5,000 Papua New Guineans to be employed in these projects. This is imperative, and we will work closely with all stakeholders to make it a reality,” he said.
The Prime Minister also reiterated his government’s commitment to creating a favourable investment environment. He offered access to land at reduced costs to facilitate operations, storage facilities, and long-term strategic developments. “Compared to Singapore or other regions, Papua New Guinea offers a more affordable and strategic location for investments. We are open to discussions about relocating parts of your operations to key project sites,” he said.
Additionally, Prime Minister Marape addressed the need to reduce fuel costs and improve supply chain efficiency. He encouraged TotalEnergies to explore partnerships with local companies to develop integrated supply chains that reduce reliance on costly imports.
The meeting underscored a shared vision for a sustainable and inclusive future for Papua New Guinea. Both Prime Minister Marape and the TotalEnergies delegation expressed optimism about the transformative potential of these LNG projects. The Prime Minister concluded, “Investing in Papua New Guinea is investing in a free market and a growing economy. Together, we can create opportunities that will benefit not only Papua New Guineans but the entire Pacific region.”
The TotalEnergies delegation reaffirmed their commitment to working closely with the PNG government to ensure the success of these projects, further strengthening PapuaNew Guinea’s position as a key player in the global energy market.
Prime Minister Hon. James Marape on Tuesday, January 28, 2025, welcomed the newly appointed French Ambassador to Papua New Guinea, His Excellency Pierre Fournier, in a meeting that highlighted the deepening partnership between PNG and France. The discussion covered shared interests including environmental conservation, military cooperation, trade, investment, and broader regional and global issues.
Prime Minister Marape congratulated Ambassador Fournier on his appointment and recognised France’s role as a key partner in PNG’s development. “France is an important partner to us. President Macron is a global leader in his own right, and his vision for sustainable development, environmental conservation, and global cooperation aligns closely with our own priorities,” he stated.
Ambassador Fournier shared that his predecessor has recently been appointed as the first French Ambassador to Samoa, marking a significant milestone in France’s growing engagement with the Pacific region. He emphasised France’s commitment to strengthening bilateral ties, underscoring its unique position as a G7 and G20 nation with a strong presence in the Pacific.
The discussion included updates on ongoing environmental and forestry conservation projects initiated during President Macron’s visit to PNG. Prime Minister Marape reaffirmed PNG’s commitment to global environmental efforts, stating, “Papua New Guinea is committed to playing its role in global environmental conservation. President Macron’s leadership in this area and our joint conservation projects serve as a model for what can be achieved globally.”
Ambassador Fournier reaffirmed France’s support for PNG’s conservation initiatives and pledged to accelerate project implementation. “France is eager to move forward on these initiatives. We will work closely with the PNG government to ensure swift progress,” he said.
The leaders reviewed the recently formalised PNG-France Security Agreement (SOFA). Ambassador Fournier highlighted upcoming visits by senior French military officials, scheduled for March. These visits aim to enhance defence cooperation, focusing on maritime security, training, and regional stability.
Prime Minister Marape noted PNG’s strategic geopolitical position as a bridge between the Pacific and Southeast Asia. “Papua New Guinea is the only Pacific nation with close proximity to Southeast Asia. This unique positioning enables us to foster regional collaboration and trade,” he said.
The Prime Minister also expressedPNG’s aspiration to become a full member of ASEAN and strengthen partnerships with economic blocs such as APEC. He underscored the importance of France’s support in driving PNG’s economic development, particularly through investments in infrastructure and trade.
Ambassador Fournier extended a formal invitation to Prime Minister Marape for the United Nations Conference on Oceans, to be held in June, with a focus on biodiversity conservation and climate action. He also discussed upcoming bilateral projects, including infrastructure financing and capacity-building initiatives.
Prime Minister Marape invited Ambassador Fournier to explore PNG’s natural and cultural diversity. “Papua New Guinea offers unparalleled beauty—from sun-kissed beaches and coral reefs to snow-capped mountains. We look forward to sharing our rich cultural heritage and unique landscapes with the world,” he said.
The Prime Minister announced plans to appoint a new PNG Ambassador to France to further strengthen diplomatic ties. “This will be a key step in enhancing our bilateral relationship and ensuring continued collaboration acrossall areas of mutual interest,” he said.
The meeting concluded with both leaders expressing optimism about the future of PNG-France relations. Prime Minister Marape remarked, “I look forward to working closely with you, Ambassador Fournier, to build on the strong foundation of our partnership and take it to new heights in the coming years.”
Prime Minister Hon. James Marape on Tuesday, January 28, 2025, met with U.S. Ambassador to Papua New Guinea, Her Excellency Ann Marie Yastishock, in a comprehensive discussion that reinforced the growing partnership between Papua New Guinea and the United States. The meeting highlighted critical areas of cooperation, including security, environmental policy, economic growth, and regional stability.
Prime Minister Marape and Ambassador Yastishock reaffirmed their mutual commitment to strengthening diplomatic ties as both countries prepare to celebrate 50 years of bilateral relations this year. The Prime Minister remarked, “The United States has been a longstanding friend of Papua New Guinea. Our partnership has spanned decades and has proven crucial in areas such as defence, development, and climate action.”
The leaders reflected on the U.S.-PNG Defence Cooperation Agreement (DCA), signed in 2023. Ambassador Yastishock assured the Prime Minister that the agreement enjoys strong bipartisan support in Washington and will remain a cornerstone of the U.S.-PNG relationship. “We have communicated the importance of the DCA to Washington, and we expect the partnership to grow stronger in the years ahead,” the Ambassador stated.
Prime Minister Marape expressed his gratitude for the DCA and its role in ensuring regional security. “This agreement is not just about defence; it is about strengthening PNG’s role as a key strategic partner in the Indo-Pacific,” he said. The leaders discussed plans for future high-level military exchanges and joint exercises aimed at enhancing regional stability and resilience.
The leaders also touched on environmental issues, particularly PNG’s commitment to conservation and global climate goals. While addressing the U.S. withdrawal from the Paris Agreement, Ambassador Yastishock emphasised that climate action remains a priority for the U.S. government. “The United States remains committed to balancing climate action, energy security, and economic prosperity. We look forward to finding practical ways to work together to achieve these shared goals,” the Ambassador said.
Prime Minister Marape highlighted PNG’s leadership in climate initiatives within the Pacific. “Papua New Guinea is at the frontline of climate change. As custodians of vast forests and marine biodiversity, we are committed to partnering with global leaders like the United States to ensure sustainable solutions for our planet,” the Prime Minister stated.
The discussion also addressed economic development, with both leaders agreeing on the importance of increasing U.S. investment in PNG. Ambassador Yastishock acknowledged the untapped potential of PNG’s economy and committed to working with American businesses to explore investment opportunities. “There is a significant amount of investment potential here, and we aim to encourage U.S. companies to explore these opportunities in collaboration with the PNG government,” she said.
Prime Minister Marape underscored the importance of sustainable economic partnerships, stating, “We welcome more U.S. investments in key sectors such as energy, infrastructure, and technology. PNG is open for business, and we are committed to creating an environment that attracts international investors.”
Recognising PNG’s unique geopolitical position as a bridge between the Pacific and Southeast Asia, the leaders discussed PNG’s aspirations to join ASEAN as a full member. “Papua New Guinea’s geographic and strategic positioning makes it a natural link between Asia and the Pacific. We look forward to strengthening our role in regional organisations to promote collaboration and shared prosperity,” the Prime Minister said.
Ambassador Yastishock highlighted U.S. efforts to assist PNG in addressing human trafficking and improving its standing in the U.S. State Department’s Trafficking in Persons (TIP) Report. She expressed gratitude for PNG’s collaboration in providing critical data to improve its rankings. “We are committed to working together to address human trafficking and other critical human rights issues,” she said.
As PNG and the United States prepare to celebrate 50 years of diplomatic relations, Ambassador Yastishock extended an invitation from Washington for Prime Minister Marape to participate in commemorative events. She noted that senior U.S. officials are likely to visit PNG during this milestone year, further underscoring the importance of the partnership.
The meeting concluded with both leaders reaffirming their commitment to deepening the U.S.-PNG relationship. Prime Minister Mar ape remarked, “This partnership has stood the test of time and remains vital to PNG’s development and regional leadership. I look forward to continuing our collaboration to build a prosperous and secure future for our people.”
The 3rd Jimi Marita Festival held on January 16 at Karap Primary School in Middle Jimi, Jiwaka Province, was a resounding success, celebrating the cultural heritage of the region and the astonishing health benefits of the traditional superfood Pandanus Conoideus, locally known as Marita.
Supported by a generous K10,000 sponsorship from the Papua New Guinea Tourism Promotion Authority (TPA), the event brought together local communities, cultural advocates, and agricultural experts to shine a spotlight on Marita’s nutritional and cultural significance.
TPA CEO Eric Mossman Uvovo praised the festival’s organizing team for their efforts in preserving Jimi’s cultural heritage while promoting agri-tourism.
“The success of this festival is a testament to the hard work and commitment of the organizing committee. TPA is proud to support initiatives that celebrate our unique traditions and promote economic opportunities for our communities,” said Mr. Uvovo.
The festival highlighted research conducted by the National Agriculture Research Institute (NARI), where research scientist Jonah Anton emphasized the superfood’s nutritional value.
“While Marita is not currently a priority crop for NARI, we have identified 16 species in Jimi, with the total across the province exceeding 20. It’s a vital food that is now gaining the recognition it deserves,” said Mr. Anton.
“Marita is a powerhouse of nutrients with incredible health benefits. It contains three key chemicals that make it a valuable food source: Carotene for improving eye health; Tocopherol, a potent antioxidant; and Omega 3, 6, and 9 fatty acids, which are vital for heart health and brain function. Preserving and promoting Marita is essential for both our culture and health,” he added.
The event also featured local entrepreneurs John and Lorin Kisan, who produce Marita-based products such as oil, soup, and pig feed. Their efforts have provided affordable and sustainable alternatives for local communities, addressing the rising costs of imported goods.
Marita Festival Chairman, Gabbi Apainga, expressed his gratitude for TPA’s continued support.
“We are deeply thankful to TPA for their sponsorship, which ensures the festival’s success and helps preserve our cultural identity,” he said.
Jiwaka Provincial Administrator Rick Kogan echoed this sentiment, commending the organizing team and TPA for their collaboration in making the event a success.
MP Goi Commends Festival
The Member for Jimi District and Minister of Mining, Hon. Wake Goi, extended his congratulations and appreciation to the organizers, the Provincial Administration, TPA, and the people of Jimi for their collective efforts in delivering a successful event.
“I commend the Jiwaka Provincial Tourism team, the event organizers, and the people of Jimi for coming together to make this festival a resounding success. This festival not only preserves our cultural identity but also highlights the immense nutritional value of Marita, an essential food for our people,” said Hon. Goi.
Hon. Goi also applauded the efforts of the local SMEs and producers who are driving innovation with Marita-based products. He likewise commended the work of the Kisan couple, whose efforts have provided affordable options for the community amid the high cost of imported goods.
“The entrepreneurial spirit of our people is inspiring. Initiatives like these contribute not only to local economic development but also to food security in the region,” said Hon. Goi.
While Hon. Goi could not attend the festival due to his commitments as the Minister for Mining—attending the launch of the Western Province Development Plan 2023-2027 and the four District Development Plans—he reaffirmed his strong support for the event.
“The Marita Festival is a vital platform to promote our agritourism potential and sustain the cultural legacy of Jimi. I look forward to the continuation of this festival in the coming years, as it grows to become a hallmark event for the district and the province,” he stated.
Hon. Goi also highlighted the importance of partnerships, such as the Memorandum of Understanding (MOU) signed between TPA and the Jimi District Development Authority last year.
“This partnership ensures the growth and continuity of this festival. I am confident that together, we will continue to preserve and promote our unique traditions for future generations,” he said.
The festival’s ribbon-cutting ceremony symbolized the growing partnership between TPA and the Jimi District Development Authority, ensuring the festival’s continuity and growth in the years ahead.
Westpac continues to deliver on its commitment to empower communities with essential financial knowledge by kicking off its 2025 series of Financial Basics for My Business online webinars. The first session included business owners and representatives from various organizations both in Port Moresby and outside centres, who all successfully completed the program and gained access to a range of resource materials.
This interactive three-hour webinar equips participants with the skills to create and understand a balance sheet, prepare an income statement, and build a solid business plan to drive their ventures forward.
Westpac Acting Chief Executive, Warren Bobin highlighted the importance of such initiatives, saying, "At Westpac, we are committed to building financially empowered communities. These sessions are designed to give participants practical skills and the confidence to make informed decisions about their businesses, contributing to economic growth and sustainability."
Port Moresby participant Albert Mokis Ababh expressed his gratitude for the knowledge gained. Speaking of the workshop he said, “It was highly informative and provided a clear understanding of the financial basics necessary for running a business. The focus on maintaining accurate records and their impact on operational efficiency and profitability was particularly valuable. The practical examples and real-world applications discussed during the session made the concepts easy to grasp and implement. Overall, this training has equipped participants with essential tools and knowledge to make better financial decisions and drive business success”.
Angelica Melly who joined the session from Kavieng also shares the same sentiment. “As someone working with NGOs and rural communities, this training was invaluable. It provided vital resources that are often inaccessible outside Port Moresby and equipped me to better support rural communities with effective strategies. Thank you for the opportunity to participate”, said Ms Melly.
The Financial Basics for My Business webinars are held monthly and are suitable for anyone interested in starting or already running a business. Westpac encourages women's groups, youth groups, and individuals to take advantage of this opportunity.
To register your SME group for upcoming sessions please contact Christopher Saisagu at csaisagu@westpac.com.au . You can also sign up for the February sessions via the link provided on Westpac’s social media pages.
With Westpac’s ongoing financial literacy efforts, communities are empowered to grow, thrive, and contribute to Papua New Guinea’s economic development.
A Memorandum of Understanding (MoU) for the transferring of powers and functions from the Investment Promotions Authority (IPA) was signed between the Autonomous Bougainville Government (ABG) and IPA recently at the Harvest Centre at Buka.
The Investment and Promotions Authority (IPA) Managing Director Mr. Clarence M. Hoot officially announced the signing of the MoU with the Chief Secretary Mr. Kearnneth Nanei and the Department of Commerce Trade and Industry and Economic Development Director Mr. Raymond Moworu.
He said that there are consultations and meetings, which are still taking place with the private sector and business houses in Bougainville, and this was what IPA had wanted for a better turn out of the economy development in Bougainville through a proper registry record for business houses in the region.
Chief Secretary Mr. Kearnneth Nanei acknowledged the efforts of the team from the IPA and the Department of Commerce, Trade and Industry and Economic Development and the business houses for participating in the progression of this milestone achievement.
The consultation for the transferring of the powers and functions from the IPA had actually begun in 2024 and has ked t the MoU signing for the transferring of the powers and functions.
A workshop[ will be carried out today by the IPA in partnership with the Department of Commerce, Trade and Industry and Economic Development on the services offered by IPA here in Bougainville to the business houses and private sector.
Ok Tedi Mining Limited (OTML) has surpassed its annual sediment dredging and its rehabilitation target for 2024 at its Bige Operations.
Last year, 10.75 million Cubic Meters (Mm3) of river sediments was dredged, surpassing the target of 10 Mm3, while 35.21 Hectares (ha) of sand stockpile was rehabilitated, exceeding the target of 30 ha.
The Bige Operations Team has consistently met and exceeded its annual sediment dredging and rehabilitation target consecutively over the last 5 years.
This achievement highlights OTML’s ongoing dedication to managing the sediment loads in the Ok Tedi and Fly River systems, preventing adverse environmental and social impacts.
Manager Bige Operations, Naimen Kepan, emphasized the importance of meeting these targets for OTML, highlighting their role in maintaining the company's social license to operate. Achieving these goals also helps minimize the impact of riverine sediments on the environment and supports local communities.
He further explained that it is a key component of responsible mining and aligns with the Ok Tedi Environment Management Act (OTEMA) guidelines and requirements.
“Reaching our rehabilitation targets brings us closer to restoring the East Bank stockpile in accordance with OTML’s Mine Area Rehabilitation Plan (MARP) and Closure Plan, ultimately ensuring a sustainable environment for the local community after mine closure,” said Mr. Kepan.
Located about 106 kilometres from the Ok Tedi Mine, the dredging operation at Bige, removes about 85 percent of sediment load passing the dredge slot every year to prevent it from traveling further downstream. The dredged materials are placed in engineered stockpiles on the East and West Banks of the Ok Tedi River and rehabilitated with vegetation cover.
OTML has dredged approximately 438 million tonnes of sand from the river since 1998 at a cost of USD$60 million per annum. This operation has significantly contributed to reducing riverbed aggradation and the associated dieback.
This achievement reaffirms OTML’s commitment to sustainable growth, economic prosperity, and community well-being supported by environmental sustainability, community development and operational excellence.
A company that wants to be awarded contracts and operate in Papua New Guinea must stay in PNG long-term and contribute to the economy and development of the people.
When you think about project development, think about the company that is here in PNG—owned, operated, and managed in the country, providing support to other companies in the country, employing Papua New Guineans and contributing meaningfully to the economy.
Business transparency and trust are the best part of having a company and management on the ground, in the country.
This is what sets PNG CR Services apart.
At a time when many international companies operate on a fly-in, fly-out basis, with individual projects, PNG CR Services stands out as a company invested in PNG. Its local presence, commitment to employing Papua New Guineans, and support for local enterprises make it a vital partner in the nation’s growth.
For over 14 years, PNG CR Services has been a national example of what it means to build a business that supports PNG’s growth. The company designs, engineers, and fabricates modular building solutions tailored to PNG’s unique challenges. With a locally-driven approach, PNG CR Services is more than just another registered business—it is a cornerstone of PNG’s development, with projects throughout the country.
Its management team resides full-time within the National Capital District - Port Moresby, ensuring continuous operations are completed and accounted for with warranties. PNG CR also has a base in Lae, making it accessible to clients nationwide.
The company’s factories in Baruni and its petroleum park serve as a hub for its factory turn-key solutions. This facility is not only a production center but also a training ground, empowering employees with the skills needed to deliver top-tier projects. This focus on local talent development reflects the company’s commitment to building capacity within PNG.
PNG CR Services creates opportunities for more than 600 Papua New Guineans as employees. The company also prioritizes sourcing goods and services from locally registered businesses, strengthening PNG’s economy and long-term partnerships.
A Proven Commitment to PNG
PNG CR Services understands the importance of giving back. Some of its corporate social responsibility initiatives include:
By combining world-class capabilities with local insights, PNG CR Services is empowering businesses and driving development in the country.
The country's rugged terrain and remote locations present unique challenges for development, but PNG CR Services has successfully delivered more than 127 completed projects to top-tier clients in Mining, Industry, Health, Education, Provincial Development Projects, and other sectors.
The company has the expertise to deliver tailored solutions, including:
By offering end-to-end project management, PNG CR Services ensures clients receive quality service and lasting support, even in the most remote corners of the country.
When choosing a company for your next project, ask yourself: Is this company invested in PNG? Does it create jobs for our people, support local businesses, and contribute to the nation’s growth?
For PNG CR Services, the answer is a resounding yes. The company doesn’t just meet expectations—it goes beyond business to reach communities.
When you engage PNG CR Services, you’re choosing more than a service provider—you’re choosing a partner in nation-building.
Fiji’s South Pacific Stock Exchange Pte Limited (“SPX”) and Papua New Guinea’s PNGX Group Limited (“PNGX Group”) have reaffirmed the commitment to fostering innovation and enhancing sustainability in the capital markets of Fiji, Papua New Guinea and the wider South Pacific region by entering into a Memorandum of Understanding to explore technology sharing opportunities (“MOU”).
The MOU sets the foundation for deepening cooperation to advance shared objectives, including developing and deploying innovative market infrastructure that supports the growth and sustainability of capital markets in the region. This renewed partnership builds on the MOU signed by SPX and PNGX Markets Limited in December 2019.
Strategic Areas of Cooperation
Under the MOU, SPX and PNGX Group will explore:
This strategic partnership reflects a shared vision of creating robust, efficient, and inclusive capital markets that drive regional economic growth. Both SPX and PNGX Group will retain their own commercial and local identities and operations.
Nitin Gandhi, SPX Chair, said "This collaboration marks a pivotal step toward exploring integration and strengthening of capital markets in Fiji and Papua New Guinea. Together, we are committed to unlocking new opportunities and driving economic progress across the region."
David Lawrence, PNGX Group Chairman added "Our enhanced partnership underscores a unified vision to provide resilient market infrastructure, foster the sustainability of both exchanges, and promote regional long-term investment. By supporting the development of regional capital markets, we aim to deliver meaningful opportunities for economic development.”
Three young women have been selected as the first aged care workers from Sepik to secure employment in Sydney, Australia. The care workers flew to Australia on January 20th.
These women will begin four-year contracts in a highly competitive field, marking a significant achievement for themselves and their community.
“This is a very proud day for me personally,” said Allan Bird Governor for East Sepik Province in Papua New Guinea.
“I had the honor of farewelling our first three young Sepik women to work in aged care in Sydney. They have undergone stringent testing by the Labor Mobility Unit (LMU) at Treasury and successfully passed employer interviews to secure this opportunity.”
Among the three women, two hold nursing qualifications: one graduated from the nursing school at Boram, and the other from the Kaindi campus of Divine Word University. The third woman is a qualified primary school teacher. Bird highlighted the growing emphasis on gearing Sepik nursing programs toward aged care, a sector in high demand in developed countries, particularly in Australia.
“I have been pushing for our nursing programs in Sepik to be tailored to aged care.
“I look forward to seeing many more of our young women take up these highly competitive opportunities overseas.”
The achievement underscores the collaborative efforts of various stakeholders. Bird expressed gratitude to the LMU, the Sepik Labor Mobility team, the employers, and the Australian government for facilitating this opportunity.
Residents of Sepik, Papua New Guinea can look forward to relief from prolonged fuel shortages as Zap Fuel, a private distributor, prepares to establish a temporary fuel storage facility in Wewak.
Governor for East Sepik Province Hon. Allan Bird announced this on January 19.
“I am pleased to advise our people that a fuel distributor is ready to locate 600,000 liters of temporary fuel storage to Wewak as soon as possible and supply fuel to the Sepik region,” Governor Bird stated.
After two years of chronic fuel shortages in Sepik, Zap Fuel, which already supplies fuel to Manus, Gulf, and the Autonomous Region of Bougainville (AROB), committed to addressing Sepik’s demand of over one million liters of petroleum products per month.
“This week, we will connect them with potential business partners in Wewak so they can start as soon as possible,” Bird revealed.
Over the coming year, the East Sepik Provincial Government (ESPG) will assist Zap Fuel in securing land for a permanent tank farm to ensure sustainable fuel supply options.
In addition to the fuel crisis, Governor Bird acknowledged another pressing issue affecting Sepik residents: unreliable power supply.
“Our next challenge is to solve our continuous power blackouts. We need reliable power supplies, and PPL [PNG Power Limited] sadly doesn’t have the solutions,” he said.
“This year, we will find solutions and seek out the partners who will help us with solutions.”
Bird emphasized that the Zap Fuel initiative is a fully private sector-driven solution, with the ESPG serving only as a facilitator.
“The fuel supply by Zap Fuels is a 100% private sector solution. ESPG will only help to facilitate. We will not be providing any funding for the business,” he clarified.
Governor Bird concluded by welcoming businesses like Zap Fuel that are committed to delivering practical solutions for the people of Sepik.
Ok Tedi Mining Limited (OTML) is pleased to announce its exceptional performance results for 2024, showcasing yet another successful year of disciplined operational and financial excellence.
In 2024, OTML achieved outstanding strong, safe and reliable production results, surpassing set targets for copper, gold, and silver. The company produced 103,246 tonnes of Copper metal, 265,830 ounces of Gold and 993,274 ounces of Silver, showing and reinforcing its turnaround of the business in the last 18 months.
Despite some operational challenges, this success is attributed to the dedication of our workforce, optimized operational efficiency from the pit to the port, and a seamless execution of the major processing plant shutdown earlier in the year.
OTML delivered robust unaudited financial results, reflecting increased metal prices, efficient cost management, and consistent production levels. The company reported a revenue of K5.7 Billion (US$1.5 Billion) contributing significantly to Papua New Guinea’s economy through royalties of K106M, taxes K346M, compensation K119M, training K30M, Tax Credit Scheme K285M, and a total of K450M in dividends for the year 2024.
The company also celebrated 40 years of production since 1984, highlighting its significant contribution to PNG’s economy over the years.
The year 2024 also brought its share of challenges; among the hurdles faced were shipping constraints, such as fuel, concentrate and cargo shipment issues and evolving operational demands. In addressing the fuel crisis, OTML not only ensured operational continuity but also supported the nation by supplying JET A1 fuel to commercial airlines.
Furthermore, as a responsible corporate entity, the company made significant contributions through key donations at both local and national levels, reinforcing its commitment to the community.
Looking ahead, OTML remains steadfast in pursuing its Growth 2050 Strategy, which focuses on long-term sustainability, operational excellence, and community partnerships. Key initiatives include:
OTML’s Managing Director and CEO, Kedi Ilimbit, stated that “2024 has been an extraordinary year of resilience, collaboration, and achievement for Ok Tedi. These results reaffirm our commitment to creating value for all stakeholders, while upholding our responsibilities to the people of Papua New Guinea and future generations. Our focus on sustainable growth under the Growth 2050 framework ensures that we are well-positioned for the challenges and opportunities that lie ahead.”
“Our unwavering commitment to responsible mining practices and sustainable development has delivered outstanding outcomes for stakeholders, employees, and the communities in which we operate,” said Mr Ilimbit.
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