The signing of the K260-million Kimbe Rehabilitation and Upgrade Marine Package contract, awarded to Pacific Marine Group (PMG), was made official on January 16 at the Kumul Consolidated Holdings (KCH) Boardroom in Port Moresby.

Work on the Kimbe Port is expected to commence at the end of the first quarter of 2025 and would be completed within 16 months. The Land Package component of the project is currently under evaluation and will follow soon, proponents said.

Kimbe Port is the first of several ports slated for upgrades under the K1.5-billion blended financial package provided to PNG Ports by the Australian Government through the Australian Infrastructure Financing Facility for the Pacific (AIFFP) in 2022.

The package contract is part of a larger initiative under PNG Ports’ 30-year Master Plan, launched in June 2021, and supported by Australia through a AU$435-million (1.5 billion kina) infrastructure funding package.

PNG Ports Chief Executive Officer, Mr Neil Papenfus, hailed the project as a significant milestone, highlighting its importance for enhancing trade, connectivity, and commercial opportunities for West New Britain Province and Papua New Guinea as a whole.

“We sincerely thank the Australian Government for its financial support, which has made this development possible. We also acknowledge the West New Britain Provincial Government for their partnership in advancing this initiative,” said Mr. Papenfus.

“Kimbe Port is our third-largest port and a priority in our 30-Year Port Infrastructure Master Plan. Located in PNG's largest producer and exporter of crude palm oil, the port is critical to our economy. This project will bring key benefits, including local job creation and economic engagement.”

“Our ports must remain fit-for-purpose, capable of meeting future business demands, and resilient to climate challenges. This project is an important step in achieving those goals”, he added.

Mr. Papenfus also expressed excitement about collaborating with Pacific Marine Group, a leader in marine contracting and commercial diving with over three decades of experience across Northern Australia, PNG, and the Pacific region.

“Pacific Marine Group’s expertise will be vital in building reliable and sustainable infrastructure for the province and the nation,” he said. 

Mr Papenfus added that the rehabilitation of the port would lead to increased economic activity for Kimbe based businesses over the construction period.

Contractor Assures Project Completion

Speaking at the project’s signing, the Managing Director of the Pacific Marine Group, Mr. Terry Dodd, reflected on PMG’s extensive history in PNG, with over 30 years of successful collaboration on infrastructure and maritime projects with major organizations such as Chevron, Oil Search, and Kumul Holdings.

“We’ve worked on a range of projects in PNG, including the sewage outflow in Port Moresby, the Palatau Wharf rebuild, and the Manus Island Wharf and barge ramp rebuild. We’re bringing the same experienced team who completed those projects to lead the Kimberley Wharf rehabilitation,” Mr. Dodd said.

Mr. Dodd emphasized PMG’s commitment to utilizing local talent and resources for their projects in PNG.

“Our focus when working in PNG is to engage as many local contractors and national staff as possible,” he said. “We also prioritize upskilling and training. The people of PNG are great workers, and we’ve built a strong cohort of employees over the years.”

The company’s approach extends to partnerships with local educational institutions. Mr. Dodd highlighted an ongoing collaboration with the University of Technology (UniTech) in Kimbe, where the company will provide equipment and training.

“In return, UniTech will send trainees to work with us on a rotating basis, allowing us to upskill them directly on the project,” Mr. Dodd noted.

“We’re also proud to have PNG graduate female engineers who have worked with us on past projects. They’ll lead the Kimberley Wharf project as some of the first personnel on-site.”

As the project gears up, Pacific Marine Group has already received overwhelming interest from local workers eager to join the effort.

Mr. Dodd said, “Our interactions with everyone at PNG Ports have been outstanding. We are open to addressing any challenges that may arise to ensure we deliver a high-quality outcome for the Kimberley Port Rehabilitation.”

He acknowledged the weight of expectations but remained confident in the company’s ability to deliver exceptional results.

“We’re excited and ready to meet the challenge. This is a major project for us, and we look forward to working with all stakeholders to achieve a successful outcome.”

Duma Commends Stakeholders’ Collaboration

Minister for State Enterprises, Hon. William Duma, acknowledged the collaborative effort behind the project, highlighting the enduring relationship between Papua New Guinea and Australia.

He witnessed the signing of the project along with the Management of KCHL and the Australian High Commissioner, His Excellency John Feakes, Kimbe Provincial Government, and Project Location Administrative Leaders.

Minister Duma stated: “This for me also demonstrates the never-ending special, very special relationship, mainly based on personal relationships, political considerations of course, and economic relations between our closest neighbour, Australia.”

He lauded the establishment of the Project Management Unit under the AIFLEAD programme, and its role in ensuring transparency and effective utilization of Australian aid.

“We felt that to be able to demonstrate to everyone involved... that we were quite determined and serious about making sure that all those processes that we're involved in, tendering and selection of successful tenders... were used and utilised properly.”

The rehabilitation of Kimbe Port is poised to unlock economic potential in Western New Britain, a province the Minister described as a “sleeping giant” with opportunities in agriculture, fisheries, timber, oil palm, and tourism.

He expressed confidence in Pacific Marine Group, stating: “Your company is not new to power, and you've got to establish a track record. I do not for one minute doubt that the people who are behind this made a mistake in selecting this group.”

Minister Duma also emphasized the importance of this project as a foundation for future developments in the region, noting that Kimbe Port’s upgrade is part of a broader strategy to enhance PNG’s economic infrastructure.

“Once again, I want to thank the people and Government of Australia for their never-ending help.”

Australia-PNG Partnership in Project Development

The Australia and PNG Partnership is now bonded with more projects as Australian High Commissioner Feakes announced the AIFFP support for the Kimbe Port upgrade. He said it aligns with PNG’s upcoming 50th anniversary of independence and its vision for long-term resilience.

"I'm delighted to be here to support this contract signing, the starting point for significant upgrades to Kimbe Port. As Papua New Guinea approaches its 50th anniversary, it's fitting that critical works will be well underway, with designs tailored to withstand climate challenges for the next 50 years," he said.

The Kimbe Port initiative marks the first of five major port upgrades in the country backed by Australia. Acknowledging PNG Ports Corporation Limited and its leadership, including Minister Neil, Mr. Feakes expressed gratitude for the collaborative efforts that brought the project to commence.

The project is expected to generate significant local economic benefits, with up to 300 local jobs created during the construction phase.

"Marine works at Kimbe will involve a workforce made up of 70% locals, and over 30% of project spending will go through Papua New Guinea companies," Mr. Feakes emphasized.

Landside works will also prioritize local firms, with contracts to be awarded in the coming weeks. Mr. Feakes contrasted this approach with other international development models that often rely on foreign state-owned firms, bypassing local labor and suppliers.

"These outcomes for Papua New Guinea are only possible when high-quality contractors with proven track records, like Pacific Marine Group, deliver works that put Papua New Guinea first," he said.

The upgrades to Kimbe Port are set to improve maritime connectivity, enhance regional economic integration, and provide skills development opportunities for local workers. This partnership underscores Australia’s dedication to building infrastructure that directly benefits the people of PNG, he said.

Ok Tedi Mining Limited (OTML) Managing Director and CEO Kerry Ilimbit called for “meaningful change” in Western Province, emphasizing the need for improved governance, infrastructure, and economic participation for locals.

Mr. Ilimbit spoke at the launch of the Western Province Development Plan 2023-2027 on January 17 at Daru Oval, underscoring the responsibility of leaders and stakeholders to ensure development benefits reach the people.

Acknowledging the presence of provincial officials and international partners, Mr. Ilimbit stressed prioritizing community welfare in all initiatives.

“It’s for the people… If it’s not for the people, this piece of paper we’re preparing means nothing. Our place changes because of people — not because of politics or camps,” he said.

Mr. Ilimbit urged elected leaders to actively seek out opportunities to unlock resources and deliver essential services. He highlighted the role of OTML as both a development partner and a significant contributor to the province and its commitment to social and economic benefits.

“As the government partners Ok Tedi Mine tries its best to ensure the province benefits. With the extension of OTML’s operations, we are focusing more on social benefits, aiming to impact regions like South Fly, Delta, Middle Fly, and North Fly,” he stated.

“We have plenty of money flowing through this province, but unless there’s a change in behavior and participation, the province will not progress,” he said, stressing business participation through the CMCA (Community Mine Continuation Agreement) review process.

South Fly District and Delta Fly District share boundaries with Ok Tedi, as he specifically encouraged both district communities to engage more in economic activities linked to the mine.

Increased Funding Through Tax Credits

Highlighting the province’s reliance on the tax credit scheme, which allocates 2% of mine revenue for development projects, Mr. Ilimbit appealed to increase this allocation.

“Two percent is not enough for this province. Acting Prime Minister and Minister for Works, we believe Western Province deserves an additional 1%,” he said.

Noting OTML’s contributions to infrastructure projects, he called for partners to collaborate and realize the full development potential of the province.

Additionally, the OTML MD emphasized the need for reliable energy supply. While praising Sustainable Development Program (SDP) efforts to power Daru, he added: “Powering Western Province is another agenda we must prioritize.”

“It’s about using the resources we have wisely to implement meaningful changes while seeking additional resources. Together with the provincial government, leaders, and partners, we can make this province a better place for its people,” he concluded.

Western Province, home to Papua New Guinea’s largest mine, celebrated a significant milestone with the official launch of its Provincial Integrated Development Plan (2023-2027) and Four District Development Plans (2023-2027) at Daru Oval.

The launch event held on January 17 drew over 1,000 people, including key stakeholders, development partners, and representatives of civil society. It was both a unified celebration and an opportunity to reflect on how the plans will address challenges and improve the province.

Prominent figures in attendance included Acting Prime Minister and Minister for Works and Highways Hon. Solan Mirisim; The Governor for Western Province, Hon. Taboi Awi Yoto; Minister for Mining Hon. Wake Goi; Minister for Defense Dr Billy Joseph; Minister for Livestock Hon. Sekie Agisa;

Australian high Commissioner to PNG His Excellency Mr John Feakes; Chief Justice Sir Gibuna Gibbs Salika; PNG Sustainable Development Program Management Peter Graham; Managing Director Ok Tedi Mine Limited Mr Kedi Ilimbit; department secretaries, other development partners, and local MPs. 

Traditional dancers from North Fly, Middle Fly, South Fly, and Delta Fly districts added cultural significance by presenting the plans to their district MPs.

Acting Prime Minister Mirisim and Governor Yoto launched the Provincial Integrated Plan jointly. The latter, in his keynote address, described the plans as a roadmap for advancing critical areas such as health, education, agribusiness, infrastructure, and law and justice.

“Your attendance today demonstrates a commitment to delivering on the Strategic Priority Areas and Deliberate Intervention Projects outlined in these plans,” said Governor Yoto.

He highlighted achievements during his tenure since 2017, including the “New Way Forward Plan” (2018-2022), which delivered significant outcomes in partnership with Ok Tedi Mining Limited, the Ok Tedi Development Foundation, and the PNG Sustainable Development Program.

Building on this progress, the 3rd Development Forum, held in November 2023 under the theme “Reviewing and Charting our Development Pathway,” provided the foundation for the new five-year plan.

Five Strategic Priorities (2023-2027):

The province’s development plan focuses on:

1. Health: Expanding infrastructure and improving maternal and public health.
2. Education: Enhancing facilities and promoting adult education, particularly for women.
3. Agriculture: Boosting production through Nucleus Estates and smallholder support.
4. Infrastructure: Improving connectivity across the province.
5. Law and Justice: Strengthening community safety and legal systems.

Governor Yoto acknowledged key accomplishments, such as establishing the Provincial Health Authority, completing a Nursing School in Balimo, and delivering vital projects despite logistical challenges. But he noted persistent issues, including socio-economic disparities and the province's remote geography.

“These plans provide a clear roadmap to address our challenges and ensure sustainable development,” he said.

Development partners, including OTML and other stakeholders, reaffirmed their support.

Acting Prime Minister Mirisim, as Minister for Works and Highways, urged stakeholders to align efforts with the plan's strategies.

“With the help of the National Government and our partners, Western Province must see tangible improvements in the lives of its people,” said Hon. Mirisim.

The Acting Prime Minister officially received the Five-Year Development Plan on behalf of the Marape-Rosso Government and committed to ensuring its execution.

Governor Yoto concluded with a call for unity and dedication, stating, “Our people’s tomorrow is significantly shaped by our actions today.

The Goilala District Development Authority (DDA) has prioritized heavy investment in agriculture, particularly in coffee farming, in close collaboration with the Goilala Development Corporation Limited (GDCL) becoming the first 100% local business to purchase coffee directly from local farmers.

Goilala, in the Central Province of Papua New Guinea, is known for the Tolukuma Gold Mine, but today, the Member for Goilala and Chairman of the District Development Authority, Honorable Casmiro Aia, said it works towards setting Goilala on the exporters’ map as the producers and suppliers of the country’s quality coffee.

Aia said that direct purchasing empowers local farmers and strengthens the district's coffee industry with a clear priority to one day export quality Goilala Coffee.

Goilala in 2022 first exported a container of coffee to Dubai, under a 3rd Party export arrangement officiated by MP Aia in Lae.

The National Cup Testing Competition in the same year resulted with Goilala organic coffee scoring 84% and 85% respectively, which is A & AA in grading.  Internal quality assessment and tests done by CIC Provincial Extension Coordinator and CIC Team based in Port Moresby ensure quality is maintained.

Today, the DDA, including the company and the committed coffee farmers in Goilala, hope to maintain the grade and quality title their coffee holds in quality checks.

This January, a total of 17,917 kilograms of coffee parchment, packaged in 50kg bags, was purchased by GDCL at K6 per kilogram, amounting to K107,502. The purchase directly benefited more than 100 coffee farmers from Lower Vetapu in the Woitape Local Level Government (LLG).

The occasion was witnessed on January 8 at the Ononge Airstrip by Hon. Aia and Dr. Titus Girau, District CEO for Goilala. GDCL General Manager, Mr. Ronald Kolalio, officially handed over the funds to the Ononge Coffee Growers Cooperative Society executives, who facilitated the payments to the farmers the following day.

Aia said Goilala DDA decided to invest heavily in agriculture, especially coffee and other agricultural projects that will follow, to create direct revenue for the locals.

"In doing so, we encourage them to be self-reliant rather than relying on the handout mentality from the government. This handout mentality promotes laziness and develops a parasitic attitude feeding off the hard work of the government and other people,” he emphasized. 

Aia expressed gratitude to the Coffee Industry Corporation (CIC) for supporting Goilala's coffee initiatives and called on the Ministries of Coffee and Agriculture to extend further assistance.

Economic Independence Driven by Agriculture

Hon. Aia has also made a called for a stronger focus on economic independence for PNG, emphasizing agriculture as the key driver for sustainable development and poverty reduction. He expressed concern over the nation’s reliance on imports and the lack of economic empowerment for its citizens.

“This country was given political independence but was not given economic independence.”

“Papua New Guinea is still an import driven country. We need to cultivate the land to cut down on imports, especially food items that can grow here by our people to sustain ourselves and generate little income for our people,” Aia said.

Highlighting agriculture as a solution to social issues, Aia said farming could address poverty and curb rising crime and social disorders driven by food insecurity.

The MP acknowledged the importance of infrastructure but warned that it must be complemented by strategies that empower people economically.

“There is no problem building roads, bridges, and other critical infrastructure like clinics, classrooms, communication towers, police stations, and health centers. However, we need to craft mechanisms to encourage our people to be economically independent and be able to have money in their pockets to attend to their wide range of demands,” he explained.

Without disposable income, he said rural communities cannot fully utilize the infrastructure built for them.

Given Goilala’s remote geography, Aia acknowledged the critical role of aviation partners in enabling agricultural operations with Air Sanga, Farland Aviation, Helifix Aviation, and Loma Aviation in meeting our transportation needs in Goilala.

To complement the DDA's efforts, Goilala has launched the Goilala business arm, an initiative aimed at addressing critical issues in the district. The first major step has been the purchase of coffee in Ononge, which will soon expand to Woitape, Tapini, and Guari local-level governments.

“Having come a long way with many struggles, we decided to come up with Goilala Business to complement DDA to attend to some of our pressing issues. The purchase of coffee in Ononge is the first and will roll out to the entire Goilala from Woitape LLG to Tapini LLG and finally to Guari LLG,” Aia said.

His vision for Goilala reflects a broader push for self-reliance and sustainable development, aligning with national goals to strengthen PNG’s economic independence through grassroots initiatives. 

Accessing Local and International Coffee Markets

Goilala coffee has gained interest from both domestic and international markets, notably in South Korea and Dubai. However, Goilala Development Corporation Limited remains cautious about exporting due to limited capacity and logistical hurdles. 

"We'd prefer to export, but we lack the consistent supply volume required. For now, we're focusing on local sales, buying at K6 per kilo from farmers and aiming to sell at K8 or K12.”

"With the high costs of transport, breaking even with sales and profit especially overseas, would be a great success," General Manager for GDCL Ronald Kolalio explained in an exclusive interview with PNG Business News.

The company is the business arm of the Goilala District Development Authority (DDA), taking steps to unlock the economic potential of the remote Goilala District in the Central Province.

Kolalio described the process as a game-changer with the opportunity to change the negative labeling of Goilala in the country for social issues. He emphasized the company’s renewed efforts to drive local development through agriculture and infrastructure projects.

The company’s first major venture focuses on capitalizing on Goilala’s renowned coffee production, which is highly rated on the global market. At the beginning of January 2025, the company purchased K107,000 worth of coffee from farmers in Ononge, Woitape LLG. 

However, moving the coffee to market has proven difficult due to the region's rugged terrain and lack of reliable transport.

"Out of the 365 bags we bought, we've only managed to move 41 bags due to limited access. The only way in and out is by air, and small airplanes can't carry much cargo," the General Manager shared their challenge.

"Cloud cover and tough geography make flying difficult, limiting how much coffee we can bring out at a time."

To address these challenges, GCDL plans to collaborate with DDA projects to utilize return cargo trips for transporting coffee bags and is exploring charter flights to speed up delivery.

Long-term plans include establishing a coffee processing facility in Goilala to secure an export license and reduce dependency on third-party exporters. Kolalio confirmed negotiations a currently in progress for land to build this facility on.

Beyond agriculture, GCDL is stepping into the construction sector to improve the district’s struggling infrastructure. The DDA, dissatisfied with the performance of external contractors, is now relying on GCDL to deliver critical road projects.

"We have two machines on route to Tapini, earmarked for two critical roads— from Tapini to Kerau and  Tapini to Woitape," he said.

Progress is hindered by flooding and wet road conditions, but once weather permits, construction will begin—offering a lifeline to remote communities and a more logistically convenient for coffee purchasing.

"If all goes according to plan, we hope to generate profits from construction, coffee, and other ventures to declare dividends to the DDA. This will support the DDA’s social obligations in health and education."

Established in 2016 under the leadership of the late Hon. William Samb, GDCL struggled to progress due to funding constraints. Operations stalled after Samb’s passing, but the company was recently revived by MP Aia.

"The Goilala Development Corporation is owned 100% by the Goilala DDA, for the people," the General Manager explained.

"The wisdom behind setting up the company is a great undertaking. When William Sumb set out to do this, he had a very long-term view about the successes that could be achieved. And it gives me great pleasure to be part of this company and project, to work closely with DDA and the Member Casmiro, to change Goilala through agriculture – coffee.”

The company officially resumed operations in December 2024, marking its first active year in 2025.

He emphasized the company’s broader mission to reshape Goilala’s image, which has often been overshadowed by negative perceptions.

"Presently, when you mention Goilala, people think of crime. But we want Goilala to be known for something positive, like our coffee," he shared. "If a Korean chooses Goilala coffee over other brands that would mean everything to us."

Despite formidable logistical and environmental challenges, the people of Goilala have shown remarkable resilience and determination. The General Manager praised their efforts and expressed pride in contributing to the district's progress.

"Goilala is a very challenging place, but the people are very hardworking, resilient, and hospitable. I’m privileged to be part of the change shaping a better image for Goilala," he said.

MP Aia commended both GDCL and the hardworking farmers for their dedication. He reaffirmed his commitment to advancing the district's coffee industry by advocating for an export license for Goilala.

Cyprian Ile, Chairman of the Ononge Coffee Growers Cooperative Society and Woitape LLG Coffee Rehabilitation Projects Coordinator, expressed gratitude for GDCL's partnership with local farmers.

"This is the first direct partnership with our people, especially coffee farmers in the district, where their coffee parchment was previously sold to companies outside of the district."

Mr. Ile reiterated MP Aia’s comments and stated that the timely payment would help farmers meet crucial family financial obligations, including school fees, healthcare bills, and household expenses.

He noted the relief this brought to parents preparing for the upcoming academic year, easing the burden of school-related costs such as uniforms and supplies.

The purchase marks the beginning of ongoing efforts, as GDCL plans to continue buying coffee parchment from farmers in Woitape Station, Jongai, Sopu, and Tapini Station.

The Porgera Landowners Association (PLOA) called for immediate government intervention amid escalating violence in Enga Province, which threatens the safety of local communities, the operations of the Porgera Mine, and Papua New Guinea's economic stability.

A PLOA situation report states the conflict began on August 22, 2024, when violent clashes broke out in the Porgera Mine's Open Pit area between illegal miners and security personnel.

Driven “by desperation,” illegal miners initiated the violence, which rapidly spread to neighboring villages, the report added.

The conflict has since drawn in the Pianda Tribe of Kakadaka Village in Porgera, the Sakare Tribe from Lyonge Village in the Lagaip District, and the Epe Kapi Tribe from the Kandep electorate, who have joined the Sakare in the fighting.

Tensions have intensified, with severe confrontations reported on December 28-29, 2024, and most recently on January 11, 2025.

According to a Press Release issued by the PLOA on January 14, the security situation has deteriorated further “due to internal corruption within the police force.”

Certain police officers have been implicated in aiding illegal miners, including facilitating their transport into restricted mining areas, the association said. “This betrayal has led to a total collapse of law enforcement, leaving the Porgera community exposed and vulnerable.”

The police's failure to restore order “has eroded public trust and deepened the crisis,” PLOA reported. As a result, the Porgera Mine suspended its operations following the December 2024 clashes.

“This suspension threatens the livelihoods of local landowners and poses a severe risk to the economic well-being of Papua New Guinea. Prolonged instability could result in the mine's permanent closure, carrying devastating national consequences,” it said.

In response, the PLOA is demanding swift and decisive action from the government, including:

1. Immediate Suspension of Mine-Related Discussions: All negotiations concerning the Porgera Mine, including the Community Development Agreement (CDA), must be halted until security is fully restored.
2. Police Accountability: Officers aiding illegal miners must be identified and dismissed to restore integrity within law enforcement.
3. Deployment of a Competent Security Force: A well-trained, well-equipped security force must be mobilized to eliminate illegal mining activities and restore law and order.
4. Engagement of Local Leaders in Peace Talks: Special Mining Lease (SML) leaders should be involved in peace negotiations to leverage their local knowledge in resolving the conflict.
5. Adequate Funding for Security Operations: The State of Emergency (SoE) operations, the Porgera Development Authority (PDA), and the PLOA must receive sufficient funding to combat lawlessness effectively.
6. Long-Term Violence Prevention Plan: A comprehensive strategy must be developed to prevent future conflicts and promote constructive engagement with landowners.

The PLOA specifically appealed to Hon. Aimos Akem, Member for Lagaip, and Hon. Don Pomb Ploye, Member for Kandep, urging them to take decisive action to end the conflict.

Leaders of both the Sakare Tribe involved in Lagaip and the Epe Kapi Tribe in Kandep are being called upon to prevent further bloodshed.

The association emphasized that as the nation approaches its 50th Independence Anniversary, celebrations “will be overshadowed by the Porgera Mine's closure and the resulting economic crisis.”

The PLOA stressed that the Porgera Mine is vital to the country's economy and that ongoing violence threatens national stability. Without immediate intervention, the social, economic, and political consequences for the country “could be catastrophic,” it said.

"The time for action is now," the PLOA stated, urging the government and all relevant stakeholders to prioritize the safety of Porgera's people and the stability of the nation's economy.

The National Cancer Services Papua New Guinea has officially resumed Brachytherapy treatment ON January 16, offering renewed hope for cancer patients across the country.

This milestone marks the return of the second phase of radiotherapy treatment—Brachytherapy, also known as internal beam radiotherapy—at the ANGAU Memorial Provincial Hospital in Lae, Morobe Province.

The first patient to receive this life-saving treatment was a female cervical cancer patient who had undergone external beam radiotherapy last year. She is now receiving Brachytherapy as a crucial follow-up to her treatment.

The National Cancer Services PNG extended its gratitude to external partners, particularly Kumul Petroleum Holdings Limited (KPHL), for their support and financial backing.

As the major funding source, KPHL played a pivotal role in ensuring the timely restoration of this critical cancer service.

Acknowledgment was given to contractor Siyol International for the successful construction of the new Brachytherapy facility. Engineers involved in installing the treatment source, enabling the facility to become fully operational, also received thanks.

This achievement reflects a collaborative effort between ANGAU Hospital, KPHL, and the Morobe Provincial Health Authority to improve cancer care services in the country.

Papua New Guinea Minister for Mining, Hon. Wake Goi, has commended K92 Mining Inc. for its record-breaking gold production in the fourth quarter of 2024. He praised the company's operational excellence and its significant contribution to the country's economy.

"I extend my congratulations to K92 Mining for achieving this historic milestone in production. This record-breaking performance not only demonstrates the company's operational excellence but also underscores the strength and potential of our mining industry to drive economic growth and create employment opportunities for our people,” he told PNG Business News in an exclusive interview.

Minister Goi also acknowledged K92 for several efforts which include advancing its exploration efforts, paying corporate tax, and consistently operating within PNG's mining laws, business and national laws. He urged the company to maintain these standards.

He called on other mining companies to fully comply with the country's legal frameworks while recognising those that continue to uphold these regulations and laws.

K92 Mining reported a gold equivalent (AuEq) production of 53,401 ounces in Q4 2024, a 37% increase from the same period in 2023. This surpasses previous records and contributes to the company exceeding its annual production guidance.

Minister Goi acknowledged K92's commitment to responsible mining practices, including environmental sustainability, safety, and community engagement. He emphasized the importance of addressing landowner and community grievances through consultation with the government.

"K92 Mining’s continued growth reflects a balanced approach to mining—one that prioritizes both economic success and environmental responsibility. I commend the company for upholding these values while contributing to the country’s development goals," he added. 

The Minister highlighted K92's Stage 3 Expansion, which is expected to further boost production capacity and create economic benefits for PNG. He emphasized the government's support for responsible investors and called for efficient and streamlined processes for mining companies.

Minister Goi reiterated the government's commitment to ensuring the resource sector delivers lasting value to the people of PNG.

"The government is committed to fostering partnerships with responsible investors like K92 Mining. Their success sets a positive example for the resource sector, and we encourage other companies to follow this path by investing in our country and empowering our communities," he stated.

K92 Mining's success has been widely recognized as a significant boost to the country's economy, reinforcing confidence in the mining sector's ability to drive the country's long-term development.

"As K92 Mining advances its Stage 3 Expansion, we anticipate greater economic benefits for the country, including job creation, infrastructure development, and increased revenue. This progress is vital for achieving our national development goals. We stand ready to support companies that share our vision for sustainable and inclusive growth,” Minister Goi said.

Prime Minister James Marape has acknowledged the significant challenges highlighted by the Manufacturers Council of PNG regarding economic barriers faced by the country’s manufacturing sector and reaffirmed his government’s commitment to removing structural obstacles and creating a more conducive environment for businesses to thrive.

“The concerns raised by the Manufacturers Council are valid and well understood. We recognise that high operational costs, regulatory uncertainty, and inadequate infrastructure continue to impede the growth of our manufacturing sector and other industries,” Prime Minister Marape said.

The Prime Minister emphasised that PNG’s manufacturing sector is crucial for broadening the country’s economic base beyond resource extraction and reducing reliance on imports. He reiterated his government’s focus on economic diversification, job creation, and empowering local businesses to participate more meaningfully in national development.

“The Government is actively working to reduce the cost of doing business in PNG by improving budgetary processes, fiscal management, and reducing bureaucratic red tape. This includes ensuring that state agencies operate efficiently and do not interfere unnecessarily with private sector operations,” Prime Minister Marape said.

“We are committed to improving trade-related infrastructure — roads, ports, and electricity — to reduce production costs and improve market access. The Government is currently pursuing public-private partnerships (PPPs) to accelerate infrastructure investments across the country.

The Prime Minister highlighted land access issues as a key focus of ongoing reforms. “We understand that secure access to land is critical for manufacturing and other industries to expand. The Government is working with traditional landowners and land agencies to

streamline land tenure processes and make land more accessible for economic development,” he said.

“The regulatory framework is also being reviewed to ensure policy stability and reduce compliance burdens on businesses.”

Prime Minister Marape acknowledged that law and order challenges remain a major deterrent to investment and that addressing crime and corruption is high on the Government’s agenda. He reaffirmed the Government’s commitment to improving security for businesses and communities through increased police recruitment, training, and resourcing.

“We must ensure that our people are skilled and educated to participate fully in economic opportunities,” Prime Minister Marape said. He outlined efforts to improve literacy levels, vocational training, and business skills development to empower Papua New Guineans to engage in entrepreneurship and business ownership.

The Prime Minister reiterated his Government’s commitment to PNG’s Vision 2050, emphasising inclusive and sustainable development across all sectors.

“We are not blind to the barriers that hinder economic growth in our country. My Government is actively working on reforms to address these issues — from land reforms, regulatory improvements, infrastructure development, and enhancing law and order. We are investing in our people, our businesses, and our future.

“Our goal is simple: to make Papua New Guinea a better, safer, and more attractive place to do business, while ensuring that the benefits of economic growth reach every Papua New Guinean.”

Prime Minister Marape called on the private sector, development partners, and all Papua New Guineans to work together with the Government in achieving shared prosperity.

Prime Minister Hon. James Marape has extended his gratitude to senior leaders from ExxonMobil’s headquarters in Houston, Texas, who visited Papua New Guinea to reaffirm the company’s long-term commitment to the country’s energy sector.

Three senior ExxonMobil corporate executives, led by outgoing Upstream President Liam Mallon, traveled to PNG to personally bid farewell to Prime Minister Marape as he prepares to retire from his role. Mr. Mallon, a key figure in ExxonMobil’s operations in PNG, expressed his appreciation for the strong partnership between the company and the Government of Papua New Guinea.

“I want to thank the ExxonMobil leaders from their Houston head office, especially Liam Mallon, who flew all the way to PNG to say farewell,” Prime Minister Marape said.

“He has been a strong partner in ensuring the success of PNG LNG and has worked closely with us over the years. His commitment to our country will be remembered, and we wish him well in his retirement.”

During the meeting, Mr. Mallon introduced his successor, Dan Ammann, the incoming Upstream President, who will now take over ExxonMobil’s global upstream operations.

Prime Minister Marape also congratulated Ms. Tera Shandro, the outgoing Managing Director of ExxonMobil PNG, on her promotion to Vice President of Upstream Business, based at the company’s global headquarters in Houston.

“We are proud that Ms. Shandro, after her time in Papua New Guinea, has been elevated to a senior global role within ExxonMobil. This speaks volumes about the importance of PNG in the company’s operations,” PM Marape said.

“We wish her all the best in her new role and look forward to continuing a strong relationship with ExxonMobil under the leadership of Dinesh Siwasimboo, the incomingChairman and Managing Director of ExxonMobil PNG.”

The meeting also included Peter Clarke, Senior Vice President for Global LNG, who provided updates on ExxonMobil’s commitment to advancing key projects in PNG, including the ongoing developments at Angore, progress on P’nyang, and efforts to synchronise multiple LNG fields for greater efficiency.

Prime Minister Marape noted that ExxonMobil is also working closely with TotalEnergies to support the successful delivery of the Papua LNG project, which is expected to play a significant role in PNG’s energy future.

“This collaboration between ExxonMobil and TotalEnergies will ensure that Papua LNG is developed efficiently and contributes to the broader synchronisation of PNG’s LNG projects, maximising benefits for our country,” Prime Minister Marape said.

“They assured me that PNG LNG remains one of the best-performing fields globally and that the company remains committed to ensuring PNG continues to be a major energy producer for at least the next 30 years,” he added.

ExxonMobil’s leaders also discussed the importance of positioning Papua New Guinea as a producer of clean and green LNG. The company recognises PNG’s negative carbon footprint and the country’s potential to market its LNG as a cleaner, more sustainable energy source in the global market.

“We discussed the importance of aligning our LNG production with PNG’s green credentials,” PM Marape said.

“Our goal is to brand Papua New Guinea as a green energy nation, producing LNG from a country with a negative carbon footprint. This will make our LNG more attractive to buyers in both spot and long-term contracted markets.”

ExxonMobil further highlighted PNG’s strategic location and proximity to major markets, which places the country in a favorable position for energy exports.

Prime Minister Marape concluded by expressing his confidence in ExxonMobil’s continued leadership in PNG’s energy sector and the Government’s commitment to supporting further LNG developments.

“ExxonMobil’s senior leadership has assured me that PNG is a top priority in their global portfolio,” PM Marape said.

“We look forward to continuing our partnership to ensure the success of current and future LNG projects, which will play a significant role in the country’s economic growth for decades to come.”

Prime Minister Hon. James Marape has commended K92 Mining Limited for achieving record-breaking production results for the fourth quarter of 2024, describing the milestone as a significant boost to Papua New Guinea’s economy.

The Kainantu-based mining company recorded a quarterly production of 53,401 ounces of gold equivalent (AuEq), marking the highest in its history.

“The record-breaking results achieved by K92 Mining are encouraging for Papua New Guinea as we continue to see significant contributions from our resource sector to the nation’s economic growth,” Prime Minister Marape said.

“K92 Mining’s continued success, particularly through its Stage Three Expansion, demonstrates the potential of our mining industry to create more jobs for our people, improve community infrastructure, and contribute to the country’s long-term development goals.”

The Prime Minister highlighted the importance of responsible resource development and acknowledged K92 Mining’s efforts in advancing safety, environmental stewardship, and community engagement.

“I commend K92 Mining for its responsible approach to mining. Their success is a prime example of how resource companies can deliver value to our country while also contributing to social and environmental priorities,” he said.

Prime Minister Marape reiterated his government’s commitment to fostering partnerships with companies that focus on sustainable development and ensuring that the benefits of resource projects are shared fairly with the people of Papua New Guinea.

“We welcome partnerships with companies that work with the Government to maximise the value of our resources for the benefit of all Papua New Guineans. The resource sector plays a critical role in our economy, and we are focused on ensuring that it delivers long-term benefits to our people,” he said.

“K92 Mining’s achievements provide a solid foundation for 2025 and beyond, and I encourage other resource companies to follow this example by continuing to invest in our country and our people.”

The Minister for International Trade and Investment, Hon. Richard Maru, recently declared that 2025 will be the year that Konebada Petroleum Park Authority (KPPA), under the Chairmanship of Mr. Martin Kombri will be proactive in recovering the parcel of land known as the “Konebada Petroleum Park Zone” as declared and defined in the National Gazette No. G76 published on February 7, 2017, by the Minister for Lands and Physical Planning.

Minister Maru, who is the Minister responsible for KPPA elaborated: “Pursuant to Sections 5 and 12 of the Land Act 1996 (as amended), the Declaration by the Minister for Lands and Physical Planning on the Konebada Petroleum Park Zone effectively vests ownership of that parcel of land totaling approximately 23, 000 hectares on KPPA pursuant to Section 3 (4) of the Konebada Petroleum Park Act 2008 (as amended).”

In this regard, Minister Maru explained that: “Any rights and interests that existed on the Konebada Petroleum Park Zone land prior the Declaration on February 7, 2017, have been nullified and have ceased to exist on February 7, 2017, the date of the National Gazette No. G76. The owner of the land located in Konebada Petroleum Park Zone has been KPPA since that Declaration.”

“Any acquisition of parcels of land within the Konebada Petroleum Park Zone by whatever means after the Declaration on February 7, 2017, will be null and void if the acquisition was not done with KPPA pursuant to Section 38 of the Konebada Petroleum Park Act 2008 (as amended). That is, no land located in the Konebada Petroleum Park Zone may be acquired, disposed of or otherwise dealt with unless KPPA is a party to the dealing or the dealing was and is approved by KPPA.”

“Any contrary dealings in the land or interest in the land located in the Konebada Petroleum Park Zone is null and void and of no effect,” added Minister Maru.

The new Boad of KPPA chaired by Mr. Kombri was tasked to ascertain the status of the land located within the Konebada Petroleum Park Zone and further to recover any parcels or pieces of land that have been acquired by any person or company contrary to Section 38 of the Konebada Petroleum Park Act 2008 (as amended).”

“I now convey my word of appreciation to the KPPA Board for implementing the task by engaging a reputable surveying company and the work had commenced. When the status of the land located in Konebada Petroleum Park Zone is ascertained, then necessary actions will be embarked on to recover what had been lost through illegal deals and for those parcels of land not affected in any manner will be utilized for the purposes which that land have been acquired for,” said Minister Maru.

PNGX recently released the 2024 performance data for the Papua New Guinean market. 2024 represented a year of remarkable growth on the market.

The financial services sector emerged as a strong performer, delivering robust returns for investors and setting a high benchmark for the market. Key highlights among PNG companies included:

• Kina Asset Management Limited (KAM): Share price rose from K0.90 to K1.60, achieving a 77.8% annual gain. With dividends of K0.20 per share, KAM shareholders enjoyed a total annual return of 100.0%.
• BSP Financial Group Limited (BSP): Share price climbed from K13.70 to K19.90, representing a 45.3% increase. With dividends of K1.51 per share, BSP shareholders saw a total annual return of 56.3%.
• NGIP Agmark Limited (NGP): Share price grew from K0.69 to K1.00, achieving a 44.9% increase. Including dividends of K0.07 per share, total annual returns reached 55.1%.
• Credit Corporation (PNG) Limited (CCP): Share price increased from K2.00 to K2.70, a 35.0% gain. When adding K0.25 per share in dividends, total annual returns reached 47.5%.
• Kina Securities Limited (KSL): Share price rose from K2.50 to K3.25, delivering a 30% gain. With dividends of K0.266 per share, shareholders experienced a 40.6% total return.
• Steamships Trading Company Limited (SST): Share price increased from K35.46 to K48.00, a 35.4% gain. Including K1.0 per share in dividends, total annual returns were 38.2%.

City Pharmacy Limited (CPL) faced challenges following civil unrest in early 2024 resulting in a 12.7% decrease in share price.

Increased trading activity significantly enhanced liquidity in the PNGX market. Total trades, share volumes, and transaction values demonstrated robust investor engagement compared to previous years. 2024 saw a 47% increase in the number of trades and a 37% increase in the value of shares traded. There was also a significant decrease in the average trade size which is an indicator of increased retail investor participation in the market. These indicators are a clear sign of a higher level of activity and liquidity which is positive for the PNG market.

The major increases from 2023 were in the volume and value of KSL and NGP shares traded. KSL saw a 123% increase in volume and 181% increase in value of shares traded. Meanwhile, NGP saw a 535% increase in volume and a 581% increase in the value of shares traded.

 

The year ahead promises exciting developments for PNGX:

• PNGX will launch a new Investor Education Program to empower investors, the first of which will be in Port Moresby in February. Follow PNGX on its website, LinkedIn, and Facebook for updates or email PNGX at education@pngx.com.pg
• Upcoming listings, including Pacific Balanced Fund and National Banking Corporation, are anticipated, though timelines remain uncertain.
• The potential partial privatization of PNG Power would be a future opportunity for market expansion, though whether listing is proposed is unclear.

The 2024 market performance underscores the resilience and growth potential of PNGX-listed companies. As always, investors are reminded to consult with stockbrokers to make informed decisions.

Bougainville Copper Limited (BCL) is pleased to announce the appointment of Mr Johnny Patterson Auna as Chief Executive Officer (CEO).

Mr Auna, who hails from Laguai Village, Buin in South Bougainville, joined BCL in March 2024 as Chief Financial Officer and Company Secretary. He has also been serving in the role of Acting CEO since July 2024, following the unfortunate resignation of the late David Osikore, due to health reasons.

Mr Auna’s appointment follows a proud family legacy with his late father Joseph Lawrence Auna, serving as BCL’s first Papua New Guinean and Bougainvillean general manager, heading up its Personnel Services Division in 1989.

Johnny Auna is a highly regarded executive with more than 30 years’ experience in finance and accounting, strategic planning, senior management, and corporate operations in both the private and public sectors in PNG and Australia. He has also served on several boards as both a director and chairman and is a certified practising accountant who holds several qualifications, including a Bachelor of Business in Accountancy from Deakin University in Australia. 

Mr Auna said he was “honoured and privileged” to be given the opportunity to work for and lead the new BCL management team as CEO and thanked the board for its confidence in him. 

“I consider this to be a once in a lifetime opportunity given the significance of where things sit with BCL as a Bougainvillean company and the ABG’s plans and negotiations for Independence with the National Government,” he said.

“The redevelopment of the Panguna mine is a key impact project that Bougainville needs to ramp up its economy and act as a catalyst for further economic development for Bougainville, its people, and all stakeholders.”

Prior to joining BCL, Mr Auna served as Secretary of the Department of Treasury and Finance with the Autonomous Bougainville Government (ABG). During his diverse career to date, he has also served as a managing director, general manager, CEO, accountant, business consultant and commodity trader.

Mr Auna takes on the CEO role at a pivotal time for BCL as the company moves to a more active operational phase. In February 2024, the company was granted a five-year extension of its EL01 exploration licence in the Panguna mine project area.

“The granting of EL01 by the ABG and signing of a Land Access and Compensation Agreement with landowners in 2024 lays the groundwork for the redevelopment of the Panguna mine to commence,” Mr Auna said.

As a brownfield project, work will be completed this year on landowner identification studies and social mapping as well as modelling and pre-feasibility studies using existing intellectual property resource data. Lines of communication are also being opened with potential project development partners and operational structures and funding arrangements will also be explored.

“I look forward to working with all BCL stakeholders as the new CEO to ensure that Panguna’s redevelopment is implemented in an environmental, social and commercially responsible and viable manner,” Mr Auna said.  

BCL Chairman, Sir Melchior Togolo said Mr Auna’s local knowledge and connections across government and the broader community will be invaluable to project advancement. He will also continue to act as Chief Financial Officer and Company Secretary until a new appointment for these positions is made.

K92 Mining Inc. hit record-breaking production results for the fourth quarter of 2024 at its Kainantu Gold Mine in Papua New Guinea, signaling strong momentum ahead of its highly anticipated Stage 3 Expansion.

The company reported on January 8 a gold equivalent (AuEq) production of 53,401 ounces, marking a 37% increase from Q4 2023 and a 21% rise from the previous record set in Q3 2024.

K92 produced 51,371 ounces of gold, 958,312 pounds of copper, and 41,992 ounces of silver in the quarter.

Annual production for 2024 totaled 149,515 ounces AuEq—significantly surpassing the company’s guidance of 120,000 to 140,000 ounces—and representing a 27% increase over 2023.

Annual gold production reached 139,123 ounces, with copper and silver output totaling 4,926,738 pounds and 142,063 ounces, respectively.

Sales figures for Q4 included 48,350 ounces of gold, 946,704 pounds of copper, and 41,720 ounces of silver. For 2024, sales reached 140,659 ounces of gold, 5,043,134 pounds of copper, and 145,060 ounces of silver.

The Kainantu process plant processed 96,614 tonnes of ore in Q4 2024, with a head grade of 18.0 g/t AuEq, including 17.3 g/t gold, 0.47% copper, and 15.2 g/t silver—the highest gold equivalent head grade since Q2 2020.

This performance was driven by higher-grade stopes from the Judd and Kora deposits, along with notably positive gold and moderately positive copper grade reconciliations against the independent mineral resource model, the company statement said.

The plant achieved record metallurgical recoveries, with gold recoveries averaging 96.4% and copper at 94.7%. December set new monthly records with gold recoveries of 97.1% and copper recoveries of 96.1%.

Annual recoveries were also strong, with gold at 94.6% and copper at 94.1%, outperforming the company's Updated Integrated Development Plan (IDP) recovery targets of 92.6% for gold and 94.2% for copper.

Underground mining operations delivered 97,016 tonnes of ore across 12 mining levels at Kora and Judd. Total material movement, including waste, was 306,430 tonnes—the second highest on record.

Mine development advanced 2,571 metres in the quarter, up 17% from the previous quarter, setting the stage for increased development rates to meet the demands of the Stage 3 Expansion.

PM Marape commends K92

Prime Minister Hon. James Marape commended K92 Mining Limited on January 10 for its achievement, describing the milestone as a significant boost to the country’s economy.

 “The record-breaking results achieved by K92 Mining are encouraging for Papua New Guinea as we continue to see significant contributions from our resource sector to the nation’s economic growth,” Mr. Marape said.

“K92 Mining’s continued success, particularly through its Stage Three Expansion, demonstrates the potential of our mining industry to create more jobs for our people, improve community infrastructure, and contribute to the country’s long-term development goals.”

The Prime Minister highlighted the importance of responsible resource development and acknowledged K92 Mining’s efforts in advancing safety, environmental stewardship, and community engagement.

“I commend K92 Mining for its responsible approach to mining. Their success is a prime example of how resource companies can deliver value to our country while also contributing to social and environmental priorities,” he said.

The Prime Minister reiterated his government’s commitment to fostering partnerships with companies that focus on sustainable development and ensure that the benefits of resource projects are shared fairly with the people of Papua New Guinea.

“We welcome partnerships with companies that work with the Government to maximise the value of our resources for the benefit of all Papua New Guineans. The resource sector plays a critical role in our economy, and we are focused on ensuring that it delivers long-term benefits to our people,” he said.

“K92 Mining’s achievements provide a solid foundation for 2025 and beyond, and I encourage other resource companies to follow this example by continuing to invest in our country and our people.”

Stage 3 Expansion Nearing Completion

Construction of the Stage 3 Expansion at Kainantu is advancing rapidly, with approximately 70% of the required growth capital spent or committed as of December 31, 2024. The expansion is designed to elevate Kainantu to a Tier 1 mid-tier gold producer.

Commissioning of the new process plant is slated to begin in late Q2 2025.

Drone footage showcasing the progress of the process plant construction underscores the project's momentum. Other key infrastructure developments include:

• Completion of the interim ventilation upgrade, operational since early January 2025.
• Stage 2 interim clean water supply upgrade, scheduled for completion in late January 2025.
• Puma ventilation drive for life-of-mine ventilation upgrade, with two 2 MW fans becoming operational by Q2 2025.
• First ore pass/waste pass raise bore completion in early Q1 2025, fully operational by late Q2 2025.
• An increase in mine development rates, targeting 1,000 metres per month for Stage 3 and 1,200 metres per month for Stage 4.

The progressive introduction of new mining equipment and the execution of productivity initiatives are set to enhance operational efficiency, the company said.

K92 Mining's record production and high gold price environment have strengthened its financial standing to fund both the ongoing Stage 3 Expansion and its extensive exploration programs on high-priority targets.

The company remains confident in its strategy to expand production capacity while advancing exploration efforts, as this dual approach aims to unlock further value at Kainantu.

Prime Minister James Marape has urged Papua New Guineans to draw inspiration from South Korea’s extraordinary journey out of poverty following the devastation of the Korean War (1950-1953), highlighting their rise to global economic prominence as a testament to hard work and determination.

“South Korea, a nation ravaged by war and with virtually no natural resources, rebuilt itself through sheer commitment to hard work and a strong work ethic. From a GDP per capita of just USD $63 in 1953, they now boast over USD $33,000 per capita as of 2023,” said Prime Minister Marape.

“Their transformation is a powerful example of what a nation can achieve when its people and leaders focus on productivity and innovation rather than dependence on government handouts.”

The Prime Minister contrasted South Korea’s rapid economic growth with Papua New Guinea’s trajectory. “In 1975, when Papua New Guinea gained independence, our GDP per capita was USD $521—significantly higher than South Korea’s $252 at the time. Yet today, South Korea’s GDP per capita has skyrocketed to over $33,000, while PNG’s stands at less than $3,000. This stark difference is a wake-up call for us to rethink our priorities and embrace the values of hard work and enterprise.”

Prime Minister Marape drew attention to the similarities in land size, noting, “South Korea’s landmass, at 102,000 square kilometres, is only slightly larger than our Western Province at 98,000 square kilometers. Despite having limited arable land and only nine months of planting and harvest annually, their people turned poverty into prosperity through dedication, effective policies, and a focus on manufacturing and technology.”

The Prime Minister called on Papua New Guineans to make better use of their land and resources, stressing the significance of land ownership as a foundation for self-reliance. “One of the greatest legacies of our independence in 1975 was ensuring that land remained in the hands of traditional landowners. From your land, you can become masters of your destiny. Let’s stop talking and start building businesses for our children,” he said.

He commended young Papua New Guineans who are already demonstrating entrepreneurial spirit by creating businesses, exporting local products, and adding value to PNG’s resources without relying on government support. “These young entrepreneurs are proving what is possible with dedication and action. They are bringing foreign currency into PNG and showing us all the way forward,” he said.

Addressing the ambitious goal of creating one million jobs under the Medium-Term Development Plan 4 (MTDP 4), Prime Minister Marape outlined a broader definition of employment. “A job is not just a 9-to-5 salaried position. It is any productive activity that earns income to support individuals and families. Achieving this goal requires empowering landowning families to engage in agriculture, forestry, fisheries, tourism, and SMEs.”

The Prime Minister emphasised that the government will continue to refine policies to support productive Papua New Guineans. “We will revisit SME development, tax regimes, land accessibility, banking, and market opportunities to foster growth. But the responsibility also lies with our people to work hard and maximise these opportunities,” he said.

Prime Minister Marape closed with a call for unity and action. “If South Korea could transform itself with no natural resources and the scars of war, we can do it too. What we need are more doers and fewer talkers. Let politicians talk, but let the rest of us work. Together, we can build a prosperous Papua New Guinea where every family is financially productive and self-reliant.”

He added, “God has blessed us with land, brains, hands, and feet. Let us use them to work hard and create a brighter future. Prosperity will come when we embrace the ethic of hard work, just as South Korea did.”

Prime Minister James Marape recently commended the Chinese government for its commitment to strengthening bilateral trade ties by granting Papua New Guinea access to its vast agricultural market. This milestone, facilitated through the National Agriculture Quarantine and Inspection Authority (NAQIA), is set to unlock significant economic opportunities for PNG producers.

The Prime Minister praised the progress made in recent years, particularly the successful collaboration between NAQIA and China to meet the required phytosanitary and agricultural standards.

“Our government has worked very hard over the last five years to secure this historic agreement, and I extend my heartfelt thanks to the Chinese government for facilitating this process. Their recognition of PNG’s agricultural potential is a testament to the strength of our bilateral relationship,” said Prime Minister Marape.

With a population of 1.4 billion people and a rapidly expanding middle class, China represents one of the largest and fastest-growing coffee markets in the world. Coffee consumption in China has been rising at a rate of approximately 15% annually, far outpacing global averages. While the market demand for coffee is substantial, PNG’s current production levels are insufficient to meet its potential export volumes.

“China alone needs a substantial amount of coffee every month. The market is there, but unfortunately, we are not yet producing enough to supply this demand,” said the Prime Minister.

“This untapped opportunity pains me because we could be earning significant foreign exchange revenue in U.S. dollars through exports to China. Our farmers and producers must seize this opportunity and scale up production to meet market demands.”

Prime Minister Marape highlighted the government’s achievements in opening up new markets for PNG’s agricultural produce. “In addition to China, we’ve worked tirelessly to secure access to India, Japan, South Korea, Southeast Asia, the Philippines, and our traditional partners in Australia, New Zealand, Europe, and the U.S. Asia, being our closest neighbor, offers immense opportunities for growth, and China, as the largest market, stands at the forefront,” he said.

The Prime Minister called on PNG citizens to take advantage of these expanded market opportunities by increasing agricultural production. “While the government continues to open doors for our exports, the responsibility now lies with us as a nation. Our people need to work harder on the land to grow and produce more. Coffee is just one example—our agricultural potential spans far wider. Let us step up and take ownership of these opportunities,” he urged.

To further enhance PNG’s ability to capitalise on these markets, the government is considering the establishment of a National Export Agency. This agency would coordinate the export of PNG’s agricultural and food produce, ensuring that farmers and producers have direct access to international markets. “This initiative will support producers by reducing barriers to export and streamlining processes to get our goods to market quickly and efficiently,” said the Prime Minister.

Prime Minister Marape emphasised that these advancements in trade are part of a broader effort to strengthen PNG’s relationships with its neighbors. “The healthy bilateral relationships we have fostered with China and other nations are not just political achievements—they are economic lifelines. These partnerships will ensure PNG has access to global markets, boosting our economy and creating opportunities for our people,” he said.

Prime Minister Marape urged the nation to focus on productivity and export readiness. “I thank the Chinese government for opening its doors to our agricultural products, and I call on our people to rise to the challenge. Together, we can transform PNG into a leading exporter of coffee and other agricultural goods, creating wealth and opportunities for all.”

Ok Tedi Mining Limited (OTML) recently replaced two of its 40-year-old Ball Mill Units at a cost of USD$14.59 million.

The new Ball Mill units will bolster OTML’s processing operations and production output and generate revenue for our shareholders.

The project was led by the Processing Maintenance Department with the support of other OTML departments and local contractors.

Manager, Processing Maintenance Department, Joe Aufo said over the years, repair and maintenance were conducted, including partial major component replacements but a complete replacement was never done.

“This is a milestone achievement for the team as both Ball Mill 1B and 2A have never been completely replaced since they were first installed in the early days of the mine. And we did that in almost two months without any safety incidents and we also finished the installation of the Ball Mill 1B two weeks ahead of the scheduled completion date.”

Mr Aufo thanked the teams who completed this project and cited the opportunity for young members who took the lead in planning and executing such a historic project. He added that such projects also offered a learning opportunity for many of the team members to upskill themselves.

General Manager Operations, Ben Burger commended the team for the successful project completion stating they can be proud of their contribution to these projects that ultimately supports OTML’s vision and production targets.

This project’s completion will see the ball mills production increased by USD$ 150,000 per day when both new ball mill units are functioning.

OTML is projecting a K40 Billion revenue to be generated over the next 27 years, thus the successful completion of strategic improvement projects like this will further support the realisation of revenue for the impact communities, and the people of Papua New Guinea.

Up to 30 world leaders are expected to attend Papua New Guinea’s 50th Jubilee Independence celebrations, with Pacific leaders already confirming their participation, Prime Minister Hon. James Marape revealed in a statement.

“All Pacific leaders have given the indication to join us on 16 September as well. It will be a busy year for all of us right through. I urge our people to stay informed about announcements and upcoming activities," said PM Marape.

The Prime Minister emphasized the importance of unified efforts, and that activities will culminate in December 2025.

Major events include the launch of the PNG NRL team in February, which will align with school and youth programs, he said. August will feature a nationwide revival and reconciliation program organized by churches, including an event in Bougainville on August 30 to honor those who lost loved ones during the Bougainville crisis.

The PNG Games will be hosted in the Southern Highlands, with the National Capital District serving as a standby host. The games are scheduled to conclude in early September, allowing athletes to participate in the Independence Day celebrations.

Additionally, the Education Department will adjust the school calendar to accommodate these events, ensuring the participation of students and educators, the PM’s office said.

The events are set to boost the economy and promote tourism, setting an opportunity to promote the country’s products.

The Governor for NCD, Hon. Powes Parkop, reiterated his commitment to ensuring Port Moresby stands ready to host the nation and its guests.

“We are prepared to deliver a memorable experience for Port Moresby and Papua New Guinea,” he told PNG Business News.

A detailed program for the year, encompassing events, celebrations, and development initiatives, will be unveiled following the stakeholders’ meeting on January 6.

This collaboration between the National Government and the National Capital District Commission (NCDC) promises to mark PNG’s 50th Independence Anniversary as a landmark event in the country’s history.

PM Marape and Governor Parkop said the milestone event, set to culminate on September 16, 2025, will feature year-long activities designed to commemorate the nation’s journey since independence.

Their preliminary meeting on January 2 between the National Government and the municipal government of Port Moresby preceded the full stakeholders’ meeting involving key representatives, such as Minister for National Events Hon. Justin Tkatchenko, and various agencies on January 6.

“Port Moresby will be the epicentre of this momentous year for our people and our country. It is vital that the National Government and our City’s municipal government are aligned to deliver a celebration befitting this historic occasion,” said Governor Parkop.

“We have prioritized an outstanding celebration and are ready to synchronize plans with the National Government. The city will be fully prepared in all aspects before the main celebrations in September,” added the governor.

The Internal Revenue Commission (IRC) of Papua New Guinea (PNG) has announced a number of tax relief measures introduced in the 2025 Budget by the Marape-Rosso Government.

These reforms are aimed at addressing the rising cost of living, supporting small businesses, and promoting home ownership across the nation, the IRC said in a statement.

Key Relief Measures:

1. Zero-Rated GST on Essential Goods - To combat rising inflation and its effects on households, the Government will zero-rate Goods and Services Tax (GST) on 13 essential items, including staples such as rice, canned fish, cooking oil, and soap. This measure, set to take effect in the second half of 2025, will lower the cost of these basic necessities, providing relief to families. The IRC, in collaboration with the Independent Consumer and Competition Commission (ICCC), will monitor compliance to ensure businesses pass on the tax savings to consumers. This reform is projected to cost the Government K272 million annually in forgone revenue, but represents a crucial investment in household welfare and economic resilience.
2. Simplified Tax Filing for Small Businesses - Small businesses with annual turnovers below K1.5 million will now file GST returns quarterly instead of monthly. This change aims to reduce administrative burdens, enabling small businesses to focus on growth and innovation. More than 10,000 small and medium enterprises (SMEs) will benefit from this initiative, which reflects the Government's commitment to fostering an environment conducive to SME success.
3. First-Home Buyer Incentives - Stamp Duty Exemption: The stamp duty exemption threshold for first-time homebuyers will rise from K500,000 to K700,000 starting 1 January 2025, aligning with current housing market conditions. This reform, costing K15 million annually, reduces upfront costs for homeownership. Citizen Employee First-Time Homebuyer Scheme: The qualifying threshold under this scheme will also increase to K700,000 effective 1 January 2025. Additionally, employees will receive income tax exemptions on employer-supported housing loans for properties valued up to K700,000. These measures aim to make homeownership more accessible and affordable, with an annual cost of K40 million in forgone revenues.
4. Superannuation Tax Exemption - Individuals with over 15 years of service will enjoy full tax exemptions on their superannuation withdrawals. This reform ensures financial security for retirees and recognizes their years of contribution, enabling them to live with dignity.
5. Retirement Savings Account Relief - Only the interest earned on Retirement Savings Accounts will now be taxed, with the principal amount remaining untaxed. This move incentivizes long-term savings and enhances retirement benefits for account holders.
6. Tax Exemption on Judges’ Pensions - Judges’ pensions will be exempt from income tax, ensuring financial security in retirement and reinforcing judicial independence. This reform reflects the Government’s appreciation for the judiciary's role in upholding justice and the rule of law.
7. Corporate Tax Reduction for Banks - The Corporate Income Tax (CIT) rate for banks will be reduced in a phased approach starting 1 January 2025. This measure, which will cost K30 million annually, seeks to balance fiscal goals with the need to foster growth and innovation in the financial sector.
8. NRL-Related Tax Exemptions - In preparation for establishing a National Rugby League (NRL) team in PNG, players and staff will be exempt from income tax if they are tax residents in PNG. This initiative aims to attract world-class talent and build a competitive team, with an annual fiscal impact of K12 million.
9. Tax Clearance Certificate (TCC) Relief - The TCC threshold for overseas remittances has increased from K500,000 to K1.5 million as of 1 January 2025. This change reduces compliance costs for businesses and individuals while enhancing oversight of larger transactions.
10. Continuation of the K20,000 SWT Threshold - The Marape Government continues to prioritize relief for hardworking Papua New Guineans through the ongoing K20,000 Salaries and Wages Tax (SWT) threshold. This measure ensures that employees earning below K20,000 per year pay no tax at all, while those earning above the threshold benefit by having the first K20,000 of their income excluded from SWT calculations.

The Government did make a slight correction in the 2025 Budget to clarify that its intent when permanently maintaining the tax-free threshold at K20,000 in the 2024 Budget, adding that the removal of the 22% tax bracket equally applied to non-resident individuals.

This initiative provides critical financial relief to employees, helping them manage living expenses and improve their quality of life, the IRC said.

“While this policy costs the Government over K160 million annually in forgone revenue, it underscores a strong commitment to easing the tax burden on wage earners and supporting the nation's workforce.”

The Marape Government’s 2025 Budget delivers nearly K500 million in tax relief measures to support households, businesses, and key sectors of the economy. Despite these revenue sacrifices, the IRC’s revenue collection target has been increased by 14% to K19.4 billion for 2025.

“These measures reaffirm the Government’s commitment to creating a fair and supportive economic environment, prioritizing relief for families, workers, and small businesses. The IRC will publish detailed implementation guidelines for each measure in the coming weeks,” it added.

Ok Tedi Mining Limited (OTML) recently graduated 29 trainees under its Graduate Development Scheme (GDS) and 12 Apprentices from its Apprenticeship Training Program during a combined graduation in Tabubil on December 19th, 2024.

The graduate trainees who completed two years of training were part of the 2022 GDS recruitment. OTML has now trained a total of 635 trainees through its GDS program. This figure includes the 45 currently in training.

Out of the 29 trainee graduands, 26 have been retained by the company. Nineteen (19) were offered permanent positions with OTML, seven received extensions on their GDS contracts, and three will pursue other opportunities.

Of the 12 apprentice graduands, seven were retained while the remaining apprentices are likely to be hired by local business partners.

This underscores OTML’s 40 years of commitment to providing firsthand training in various aspects of the mining industry in Papua New Guinean since the establishment of the apprentice training program in 1982 and later expanded in 1988 to include the GDS program.

OTML Training & Development Manager Ian Strachan said, “We are thrilled to see our trainees complete their training programs and move on to the next stage of their careers.”

OTML General Manager, Strategic Business Development & Optimization and Acting MD/CEO Allan Bong, congratulated the graduands and wished them well in their careers.

“You are few of the lucky ones in the country to have received these skills. Therefore, do your best in future endeavours for the success of your family, community, and the country,” said Mr Bong.

OTML is committed to developing the next generation of the mining industry professionals, graduands who are industry-ready, and highly skilled with values that will contribute to the human resource sector and economy of the country.

Ok Tedi Mining Limited (OTML) Managing Director and Chief Executive Officer Kedi Ilimbit is pleased with the progress of the Community Mine Continuation Agreement (CMCA) Extension Review.

Mr Ilimbit said that the company has made significant progress with the community meetings and the Working Group Meetings (WGM) towards the end of 2024.

"The significant progress we’ve made with the Community Mine Continuation Agreement Extension Review underscores our commitment to meaningful community engagement and transparency.

"Transparency has been a cornerstone of this process. Bringing village leaders to Tabubil to visit the mine site, including the Engineered Waste Rock Dump, the Bige dredging, stockpile rehabilitation, and Pyrite Concentrate storage on the West Bank, ensures they are well-informed and confident in the efforts taken by the company to manage environmental impact.

"The open dialogue we’ve fostered with leaders across the eight CMCA regions has strengthened trust and confidence in OTML, and we are committed to maintaining this collaborative approach throughout the review process," Mr Ilimbit said.

Held in Tabubil, Western Province, this high-level discussion brought together lead delegates from eight CMCA regions and six mine villages to present their communities’ positions and receive feedback from OTML.

The CMCA, established by legislation in 2001, ensures that communities impacted by OTML’s operations receive equitable economic and social benefits. This review supports OTML’s planned mine life extension from 2026 to 2033. It began with 158 village meetings earlier this year, followed by two regional meetings in Daru, Kiunga, and Tabubil which involved engagement of over 300 leaders, including youth and women representatives.

“Historically, women and youth were not represented at these discussions, however they are now included at all levels of meetings” said Michael Miise, OTML’s Superintendent of Sustainability Planning & CMCA. “Their inclusion ensures a more representative process, reflecting our commitment to inclusivity.”

Transparency has been a cornerstone of the review process, so all village leaders were brought to Tabubil, and they visited the mine site and Bige operations to see for themselves the works happening here. At the mine they got to see the location of the Engineered Waste Rock Dump 1 whilst at Bige they visited the dredging operations, rehabilitation area, and the Pyrite Concentrate storage pits on the West Bank.

“Leaders from across the eight CMCA regions appreciated the opportunity to observe mining operations firsthand and engage directly with OTML’s Executive Leadership Team, including Managing Director and CEO Mr. Kedi Ilimbit,” Mr Miise noted. “This open dialogue has strengthened trust and confidence.”

Formal negotiations occurred from October 29 - 31 in Tabubil, between OTML and 64 regional leaders and 20 mine village representatives. Other stakeholders included Kumul Minerals Holdings Limited (KMHL), Mineral Resources Development Corporation (MRDC), and Fly River Provincial Government, Mineral Resources Authority (MRA) and other State agencies.

Independent facilitators from Tanorama PNG Limited and Observers ensured adherence to Free, Prior, and Informed Consent (FPIC) principles in all the meetings. An Independent Advisor was also engaged at the Working Group meeting to provide advice to matters relating to the compensation package.

The review process will continue in February 2025 with more regional and working group meetings and negotiations. A new compensation package and CMCA agreement is expected to be finalized by August 2025, followed by village-level endorsements of the package in October.

“The updated CMCA will secure a renewed social license for OTML to operate while driving socio-economic development in Western Province and Papua New Guinea,” Miise stated. “We are committed to transparency, collaboration, and delivering on our promises.”

In the rapidly changing field of fuel management, maintaining the integrity of your fuelling system is crucial. Leaks compromise fuel quality, pose significant environmental risks and lead to costly operational disruptions. Our acoustic leak detection method is a highly effective, revolutionary solution for maintaining and securing fuel infrastructures.

Importance of controlling leaks

Ensuring there are no leaks in your fuelling system is crucial for several reasons:

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Acoustic leak detection process

The process begins with meticulous preparation to ensure accurate results. All tank-related activities, including fuel delivery and filling, are suspended. We ensure that all openings and gaps, including the filling line, vent, and suction lines, are securely closed to create a controlled testing environment.

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The background noise level inside the tank is measured and recorded to establish a reference value.

A vacuum is then used to create a controlled environment, essential for accurate leak detection. The background noise level is measured again, allowing for precise comparison of the noise level before and after the vacuum was applied. Significant discrepancies between the reference background and post-vacuum noise levels may indicate potential leaks. All readings are meticulously documented, and an inspection report is generated and printed on-site for immediate review.

Why choose SGS’s acoustic leak detection method?

More than 90% of leaks stem from accessories, fittings and joints, rather than the tank itself, and 95% of these leaks can be easily repaired by qualified pipefitters. This highlights the importance of comprehensive system checks and the efficiency of the acoustic method in identifying even the most minor vulnerabilities.

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The acoustic leak detection method is a game-changer in fuel system maintenance. Its precision in detecting even the tiniest leaks ensures your entire system's integrity, from the tank to the piping, and allows you to invest in the future of your fuelling infrastructure by prioritizing safety, efficiency and reliability.

The Mineral Resources Development Company (MRDC) has demonstrated its commitment to creating value and strengthening partnership opportunities at the 2024 PNG Investment Week, hosted in Sydney, Australia. MRDC’s active participation and strategic investments were key highlights of the conference, showcasing the company’s leadership in driving sustainable development and fostering global investment partnerships.

Prime Minister James Marape and Twinza Oil Limited initialised a partnership agreement on the Pasca A Gas Project, the country’s first offshore in Gulf Province. This collaboration allows Hevehe Petroleum Limited through MRDC to acquire up to a 50% participating interest in the project. This partnership ensures greater local participation and guarantees that benefits flow directly to the people of Papua New Guinea.

This milestone represents a significant achievement for landowners and provincial governments, ensuring their active participation in the oil and gas development value chain.

MRDC’s Managing Director, Mr. Augustine Mano, emphasised the strategic impact and overall value from the conference.

“The strategic deal space created by this conference cannot be understated. MRDC has recognized this opportunity and has continued to invest, partner, and actively participate in the conference and CANCONEX to harness the value and opportunities. It is a first mover advantage for MRDC.”

The company’s evolution into a success story worth K12 billion today is a testament to its adherence to strong values and principles. Established in 1975 as an exploration company, MRDC has grown significantly, managing 21 subsidiary companies, and diversifying its portfolio across various sectors, including aviation, hospitality, healthcare, real estate, and power generation.

Mr. Mano highlighted the company’s achievements, including the clean and unqualified audit opinions from the big four audit firms and international recognitions for its investments in PNG Air and Hilton PNG.

“By adhering to our strong values and principles, we are confident we will achieve our vision to become a K300 billion company within 20 years,” he said.

PNG Chamber of Resources and Energy (PNG CORE) Chief Operating Officer, Pansy Taueni-Sialis, acknowledged MRDC’s immense support as a Major Sponsor of the 2024 PNG Investment Week.

“MRDC’s significant sponsorship highlights its leadership role in driving sustainable development and fostering global investment partnerships for our country. Their presence at PNG Investment Week exemplifies their commitment to showcasing Papua New Guinea’s immense potential to an international audience.”

“MRDC’s delegation to the conference included senior executives, community representatives, and industry experts who engaged with global investors, government leaders, and policymakers. Their involvement underscored a strategic focus on national content, ensuring that Papua New Guineans actively participate in and benefit from the resource sector’s growth.”

“We thank MRDC for their continuous support and look forward to working together to promote shared values for a better Papua New Guinea,” said Taueni-Sialis.