Papua New Guinea is committed to strengthening its bilateral relationship with the United States in the coming years, with Prime Minister James Marape expressing confidence in future cooperation under the leadership of President-elect Donald Trump.

PM Marape made the statement while congratulating Trump on his election as the 47th President of the United States.

Trump’s return to the White House, following his victory over Democrat Kamala Harris in the 2024 US presidential election, marks a new chapter in US-PNG relations, Marape said.

He also extended his gratitude to outgoing US President Joe Biden and his administration for contributions to PNG’s development, particularly in healthcare, sustainable development, and security.

“On behalf of the Government and people of Papua New Guinea, I extend heartfelt congratulations to President-elect Donald Trump on his election as President. We look forward to reinforcing the longstanding partnership between our nations, grounded in shared values and mutual respect,” Marape said.

He cited the partnership forged with the Biden administration, particularly key milestone like the signing of the 2023 Defense Cooperation strengthening regional security, which reinforced both countries shared goals for regional stability and security.

"We thank President Biden for his commitment to fostering cooperation between the United States and Papua New Guinea, which has bolstered our progress in healthcare, security, and sustainable development,” the prime minister said.

Marape cited a pivotal moment during the Trump administration when US Vice President Mike Pence visited Port Moresby for the Asia-Pacific Economic Cooperation (APEC) summit in 2018, “and that was the first time ever the Indo-Mozambique conversation was pronounced."

He underscored the strategic importance of PNG in the Indo-Pacific for its central location, saying the country is in the heart and soul of the regional space.

"You can't go west from the east without passing through PNG, as far as the Indo-Pacific space is concerned. You can't go north or south without passing through PNG. This makes PNG a critical player in regional discussions and future initiatives in the Indo-Pacific.”

Looking ahead to Trump's second term, Marape expressed confidence that the PNG-US bilateral relationship would deepen.

"We look forward to working with President Trump upon his ascent to office on January 20th next year. The work between our two administrations will continue and expand, especially in economic cooperation."

In the interim, Marape highlighted the ongoing transition period and the strong ties between PNG and the US under President Biden, and to upcoming opportunities for collaboration. One such opportunity is the arrival of a group of American investors later in November as part of a broader effort to diversify and strengthen PNG’s economy.

“We are also a place for manufacturing, construction, downstream processing, and other technology-based businesses," Marape stated, emphasizing PNG’s appeal as an investment destination.

"In my work over the last five years, we have not just run foreign relations; deeply embedded in that is our economic agenda to grow our economy and seek investors. That level of conversation will flow deeper with the US Trump administration next year."

The Prime Minister also noted the broader context of global investment flows, and that PNG seeks investments from across Asia and other regions.

“As we move into this new chapter, Papua New Guinea is committed to strengthening its relationship with the United States to pursue our shared goals of peace, prosperity, and sustainable growth within the Pacific region and beyond,” he said.

November is a month of global activism to take action and prevent all forms of violence against women. Joining this global agenda, more than 1,000 people wearing red walked the streets of Port Moresby with support from Puma Energy as major sponsors for the annual “Redvember Walk.”

This officially launched the “United to End Violence Against Women (EVAW)” campaign led by the Governor-General, His Excellency Sir Bob Dadae, and the Governor of the National Capital District (NCD), Hon. Powes Parkop.

In his address ahead of the walk, Governor-General Dadae underscored the importance of widespread participation in ending violence against women.

“This is a campaign that we all should be involved in, at all levels. I call on every citizen to join us in this vital effort,” he urged the people.

The walk, held on Sunday 10th November, was a highlight of the global 20 Days of Activism against Gender-Based Violence (GBV). It brought together government officials, members of the diplomatic corps, civil society organizations, and concerned citizens in a powerful demonstration of solidarity.

Distinguished guests that attended included the EU Ambassador and Delegation, British High Commission, Australia High Commission, Delegation from US Embassy, UN RC, UN Women, World Bank, Solomon Islands High Commission, Solomon Islands Footbal team and PNG foothball team (PNG Kapuls).

Representing the corporate sector were Puma Energy Limited, Santos Foundation and Santos Limited, Commissioner of NCD Board and Citi Manger Mr Ravu Frank, DPM, ICT, RTA, PNG Trade Union Congress, Bel Isi Network, and members of the city watch teams.

The walk began at 6 AM at Sir John Guise Stadium and traversed several major roads, Ward Strip, Kennedy Road, and Goodwit Road, to the National Parliament House. It continued to the Independence Boulevard Drive, heading back to Waigani Drive, and concluded back at the stadium.

Governor Parkop, who has championed this cause in Port Moresby for the past five years, reflected on the urgency of the moment. He referenced the recent tragedy involving a young woman, the late Jessica Yori, whose death shocked the country.

“We cannot ignore these tragedies,” he said. “This is a call for all of us—government, businesses, NGOs, and citizens—to join together and make our city a safer place for women, children, and everyone.”

“This is not just about a walk. There are thousands of unheard voices out there who need our help. Let us not leave today as another Sunday walk. Let’s make a commitment to take action and support those who need it most. Together, we can make PNG a safe place to live, work, and build a better future,” the NCD governor said.

Corporate Support for the Fight Against GBV: Puma Energy

As one of the key corporate supporters of this year’s Redvember Walk, Puma Energy has made safety a cornerstone of its operations in the country.

Nancy Gah, Marketing Manager at Puma Energy, spoke passionately about the broader impact of GBV beyond the home and into the workplace. She reiterated its strong commitment to supporting the fight against GBV and spoke about the importance of collaboration, urging businesses, the government, NGOs, and individuals to join forces to tackle the issue.

“I believe that as a collective, we can achieve more. Most companies believe in this fight against GBV, and some even have their own programs. It’s time we all join hands and collaborate,” she said.

“At Puma Energy, our guiding principle is to ensure everyone goes home safely. But safety doesn’t start at work—it begins at home. If there’s violence in the household, or if people face violence on their way to work, it affects their ability to perform,” Gah explained.

“Together, we can make a difference. No woman, no child, should fear for their safety in their own home or on the streets. Enough is enough.”

Gah also highlighted the profound mental, emotional, and physical toll that violence takes on individuals. “Violence is a disease. But like many diseases, it can be cured. We must take the necessary steps to address this issue and stop the cycle of violence.”

Inaugural NCD Women’s Expo and Summit

The Redvember Walk also coincided with the opening of the inaugural NCD Women’s Expo and Summit, which ran from 9 to 13 November. The summit aims to empower women by providing a platform for dialogue on critical issues such as gender equality, women’s health, and economic participation.

It was an important opportunity for women in Port Moresby to come together, share their experiences, and take collective action to improve their lives and communities.

Governor Parkop, who chairs the Permanent Parliamentary Committee on Gender Equality and Women’s Empowerment, welcomed the collaboration with businesses, the United Nations, and other partners to promote gender equality and the elimination of violence against women.

“This is not just a city issue—it’s a national issue,” Parkop emphasized. “We all have a role to play in ensuring that Papua New Guinea becomes a place where everyone can live, work, and thrive safely.”

As the walk concluded, participants were reminded that the fight against GBV does not end with a single event. Governor Parkop urged the community to continue advocating for change.

He said: “While today’s walk is an important step, it is only one part of a much larger effort to end violence against women. We must work together, year-round, to create safer communities.”

The United to End Violence Against Women campaign, which is part of the 16 Days of Activism movement, has been a powerful force for social change in the nation. With continued support from government leaders, businesses like Puma Energy, Santos Foundation and Santos Limited, civil society organizations, and individuals, there is hope that real change is possible.

Santos has completed its sale of a 2.6% interest in the Papua New Guinea Liquefied Natural Gas (PNG LNG) project to Kumul Petroleum Holdings Limited (KPHL). The transaction, first announced on 29 December 2023 and detailed on 1 February 2024, was completed on 4 November 2024 and is worth US$602 million in cash (2.43 billion kina).

In addition, Kumul will assume approximately US$90 million (363 million kina) of existing project finance debt associated with the sale interest. Effective 4 November, Santos’ working interest in PNG LNG is 39.9 per cent.

Santos reaffirmed its 2024 market guidance, stating there is no change to it this year. Managing director Kevin Gallaher and KPHL managing director Wapu Sonk confirmed the equity sale on the same day.

Mr. Sonk also said that under its agreement with Santos, KPHL made a partial payment of US$352 million (1.42 billion kina) earlier this year, with the balance due by December 2024.

“We have just completed this share acquisition, well before the end of the year,” he added.

The acquisition increases KPHL’s stake in PNG LNG to 19.2%, including the 4.27% Kroton Equity Option shareholding, held for beneficiaries who are impacted provincial governments and landowner groups.

“Kumul Petroleum having an increased shareholding in the PNG LNG Project is clearly of great benefit to the company and the country,” Mr Sonk said. “The project will be fully depreciated by end of 2024 and project finance fully repaid by 2026, which means this additional equity is expected to provide high returns immediately and strengthen KPHL’s balance sheet.”

Mr Sonk said this increased equity will enable KPHL to expand its role in the country’s energy sector.

“For KPHL, the higher income from the PNG LNG Project means more ability for us to play a greater role in the country’s petroleum and energy sector as well as our ongoing support for nation-building development projects that will improve the lives of all Papua New Guineans,” he added.

In discussing KPHL’s future plans, Sonk said: “This acquisition positions the company to prepare to take up its mandated 22.5% equity in the forthcoming Papua LNG Project, whose FID is expected in late 2025, as well as other activities that the company continues to pursue.”

KPHL Finalises LNG Forward Sale with Chevron

On the same day, KPHL also completed a forward sale agreement with Chevron USA Inc. (Singapore Branch) to support KPHL's acquisition of additional equity in PNG LNG.

As part of the deal, Chevron will make an advance payment to KPHL in exchange for LNG and condensate cargoes over the next two years.

Sonk explained: “KPHL made a partial payment to Santos earlier this year with the balance to be paid by December 2024. Following an extensive bid process with major trading, utility and other entities to source funding, we selected Chevron’s forward sales agreement.”

This agreement follows KPHL's successful participation in the spot market, where it sold four LNG cargoes in 2024. Sonk emphasized the deal with Chevron will provide more security for KPHL as it continues to grow its energy portfolio.

“We appreciate Chevron being able to finalise this deal. This agreement advances PNG’s hydrocarbon business, where we believe there is significant potential in LNG and related energy businesses, including carbon offset possibilities. We look forward to working with Chevron in the future,” he said.

Ark modular buildings are increasingly being chosen for mining and oil and gas camps due to their speed of assembly, low cost, high quality, and green credentials.  With a multitude of building configurations, Ark camps can be found throughout the world, including at some of its biggest LNG developments.  In 2010 Ark delivered its first LNG camp in PNG – a 1,000 person, multi-storey accommodation complex and support buildings assembled by a 99 percent local workforce in less than one year.  Ark camps are now scattered across PNG.

Ark’s impressive production capacity – 2,000 cabins (i.e., modular units) per month – continues to grow largely due to its substantial and ongoing investment in technology.  General Manager for Ark Pacific, Cass Ruka confirms that for a 5,000 person camp it takes a maximum of three months, upon issuance of a purchase order, to have all components delivered to site.  Moreover, given that the company manufactures and delivers in stages, the first lot of building componentry can be on site in less than one month.

Ruka explains that Ark’s production capacity is underpinned by an intelligent manufacturing system that is powered by both robotics and data analytics.  He goes on to emphasise that the same system also maximises quality.  “Not only can our robotic welders operate 24/7 and 365 days per year, but they’re incredibly precise, producing seamless and perfect welds to ensure the durability and longevity of Ark’s buildings irrespective of whether they’re needed in the jungles of PNG or deserts of Qatar.”

Ark’s investment in technology, as well as in its expanded factory facilities, enables it to manufacture at considerable scale, which means that it can bring its product to market at a low cost.  “We don’t cut corners on quality to keep prices down.  It’s our scale and our technology that enables us to price our building systems so reasonably” explains Ruka.  “We’re an ISO9001 certified company with plenty of other certifications such as our fire safety ratings to attest to the superiority of our buildings.”

In addition to the winning ‘trifecta’ of speed, cost and quality, Ark’s modular buildings also perform well when it comes to their environmental credentials.  Ark has the lowest emission rates in the world of modular construction.  Their high-tech manufacturing system keeps production waste to a bare minimum and because they are assembled (as opposed to constructed) there is no on-site pollution, wet work, or special waste disposal required.  Ark buildings are also re-purposeable and largely recyclable. 

Another important environmental advantage when building with Ark is a reduced freight footprint – up to 70 percent less than its competitors.  Six of its flat pack units are equivalent to a single standard 20 foot shipping container when stacked together ready for transport.  This means less ships, trucks, barges, etcetera when building with Ark, which in turn equates to (1) lower carbon emissions, (2) lower costs, (3) reduced degradation of local road networks, and (4) in the case of river transport systems, less water traffic and hence vessel wake erosion.

Ark has a 20-year history of delivering fit for purpose camps to oil, gas and mining developers all over the world.  It’s building systems continue to improve and evolve in accord with client requirements and international standards.  To learn more about Ark buildings in PNG, including its resource sector camp expertise and the advantages of its unique building systems: www.arkpacific.net

Prime Minister Hon. James Marape has opened a two-day forum on Technical and Vocational Education Training (TVET) in Port Moresby recently, describing it as a milestone achievement aimed at empowering Papua New Guineans to participate in the country’s economy.

The multi-million kina ‘Improved TVET for Employment’ project is co-funded by three partners – Australian Government, Asian Development Bank and PNG Government – and is being implemented by the Department of Higher Education, Research, Science and Technology through 10 TVET colleges in different parts of the country.

While thanking the two co-sponsors of the project, Prime Minister Marape high- lighted that if Papua New Guineans are to be empowered to the highest level, it has to be in the education sector, but more so in the area of TVET where they are provided the skills and ethics to be competent and to be able to participate meaningfully in the country’s economy.

Furthermore, he stated that in the past five years, despite the country facing hardships due to COVID-19, it was able to grow its economy but also high- lighted were huge deficiencies in the lack of properly-skilled manpower to sustain the economy.

“By the end of this year, we will post K40 million GDP. But in the midst of this growth, I’ve seen a major deficiency that we carry; we lack properly-skilled workforce to fill in the gap to sustain the growth that is required,’’ said the Prime Minister.

“We aim to grow a K200 million economy. To grow it, we need a skilled work- force.’’

He emphasized that this sector is closest to his heart and thanked the Asian Development Bank for taking heed of his request few years ago to move from its traditional role in sponsoring the infrastructure projects such as roads, ports and airports, to the education sector with a particular focus on TVET.

Furthermore, he stated that the TVET project complements the improvements being made in the infrastructure sector as without skilled people, there would be no one to work in the construction sector.

“In my view, it complements the ports, roads and airports that we are trying to invest in. Or what use is investment in roads, if we don’t have people to work in the construction sector, so thank you, ADB,’’ Prime Minister Marape said.

Prime Minister Marape highlighted that it has shown through studies that an economy is successful because it is anchored by a properly skilled blue-collar workforce.

The Prime Minister also pointed out the efforts being made to address the growing problem of dropouts by phasing out Grade 8 and Grade 10 school leavers so all children can progress and complete Grade 12, who will be prepared to streamline into TVET or tertiary institutions such as universities.

In thanking Australia for being PNG’s major bilateral development partner since Independence, Prime Minister Marape highlighted that the workforce being developed in PNG should not only benefit PNG but also Australia and New Zealand.

He urged the two countries to consider employing Papua New Guineans not just in working as seasonal fruit-pickers but also in professional jobs, including trades as, Papua New Guinea has long been influenced by Western societies including through Christianity, which makes it much easier for Papua New Guineans to adjust in the two countries than realized.

The project, Improved TVET for Employment, was initiated 10 years ago when Prime Minister Marape was then the finance minister under the previous government. The key areas in the project include improving governance and management in the colleges, focusing on teacher training; improving the curriculum and gender-inclusive infrastructure.

PM Marape’s role in the project was acknowledged during the opening night by other speakers, including Project Manager Dr George Bopi-Kerepa.

Prime Minister Hon. James Marape has extended his congratulations to two newly appointed Vice-Ministers of State, who were officially sworn in at Government House.

The two Vice-Ministers took their oaths before the Governor General, His Excellency Sir Bob Dadae. They are:

1. Hon. Stanley Muts Samban (Wewak MP) – Vice-Minister for Defence
2. Hon. Francis Kikin Siune (Kerowagi MP) – Vice-Minister for Public Service

In his remarks, Prime Minister Marape acknowledged the growing demands on Ministers of State across various portfolios since Papua New Guinea’s Independence in 1975. He emphasized that the appointment of Vice-Ministers, including today’s, is aimed at enhancing service delivery through targeted support in key areas of government.

“As someone who began as a Vice-Minister before becoming a Minister and eventually Prime Minister, I encourage our newly appointed Vice-Ministers to give their utmost best,” stated Prime Minister Marape.

“Their work in supporting the Ministers will be vital as we move forward.”

“I congratulate the two new Vice-Ministers who have been sworn in today. They are Wewak MP Hon. Stanley Muts Samban (Social Democratic Party) and Kerowagi MP Hon. Francis Kikin Siune (Pangu Pati). These two gentlemen are selected on merit and experience, and we place our trust and confidence in them to support the respective Ministers of State accordingly in these important times in our country’s history and development.

Alongside their duties to their electorates, they will also contribute to nation-building through the

Ministries of Defence and Public Service,” the Prime Minister said.

Prime Minister Marape commended Wewak MP Hon. Samban on his appointment as Vice- Minister for Defence, underscoring the Ministry’s significance for national security and disaster preparedness.

“The Defence Ministry requires coordination with our Defence Force to ensure effective service delivery and discipline within the Force. It also demands a quick response in times of disaster. Additionally, the Defence Ministry plays a role in Youth Mobilisation and Empowerment in communities. Vice-Minister Samban has a track record in mobilizing youth in Wewak District and has delivered well for his electorate since his election in 2023. We trust he will support the Defence Minister effectively,” said Prime Minister Marape.

On the appointment of Vice-Minister Siune to the Ministry of Public Service, the Prime Minister highlighted the importance of an efficient Public Service sector as Papua New Guinea approaches its 50th Independence anniversary.

“The PNG Public Service machinery is where government operations happen, and we are working to address some legacy issues to ensure an effective public service for our country,” Prime Minister Marape stated.

“With Vision 2050, MTDP IV, and other objectives ahead of us, we need a high-quality public service. We’re introducing contract-based engagements for public servants to enhance accountability, as we spend K240 million on salaries fortnightly. Performance and service delivery remain my focus, and Vice-Minister Siune’s support to the Public Service Minister will be crucial in achieving these goals.”

Another Vice-Minister appointment and swearing-in is anticipated soon as the Marape-Rosso Government strengthens its focus on addressing the nation’s key issues and delivering the high- quality services the people of Papua New Guinea deserve.

In an exclusive interview with PNG Business News, the newly appointed Minister for Mining, Hon. Wake Goi, shared his priorities, placing emphasis on transparency in regard to all mining deals done under his ministry. 

"Any mining deals done under my ministry must be done with transparency," he stated.

Minister Goi, now almost five weeks into his tenure, expressed enthusiasm for the challenges ahead, highlighting the importance of collaboration among the government, investors, and landowners.

His vision centers on creating a favorable environment for all parties involved, ensuring that everyone—especially investors, landowners and the government—benefits from a fair share of the resource development and commercialization, with open dialogue with stakeholders.

His statements follow discussions regarding the Wafi-Golpu project, a priority for the Marape-Rosso government, along with input from the electoral members and Governor for Morobe and the PNG Mineral Resources Authority (MRA).

With only two months left in 2024 and one parliament sitting remaining, Minister Goi outlined his top three priorities:

1. Appointment of a Board Chairman for the MRA – Hon. Goi underscored the urgency of filling this critical position to oversee budget approvals and ensure the governance oversight on the operations of the authority. This is important to ensure governance prudence within the State’s regulatory authority, he said.
2. Amendments to the Mining Act – The Minister indicated that some provisions of the Mining Act 1992 have been considered necessary for amendments after much consultation with the industry. Other critical aspects of the review such as the fiscal regime will be consulted with stakeholders and will be taken to NEC and tabled in Parliament.
3. Amendment of the Mining Safety Act 1977 – This law will now be changed to the Mining Health and Safety Act, Hon. Goi said, to reflect the inclusion and emphasis on mine employees health and safety, alongside the environment protection concern, especially in mining regions. The minister emphasized the need for robust safety protocols to protect local communities and mining employees.

“I will do what I can under my capabilities by prioritizing," he said. 

Hon. Goi asserted that clear strategies and open communication are essential for effective crisis management and to prevent disputes among investors, landowners, and other stakeholders.

While he noted other important priorities, such as promoting alluvial mining and exploration in various regions, the minister stressed that these initiatives would be strategically implemented after the start of next year 2025.

He reiterated the significance of alluvial mining as a vital source of livelihood for many locals, stating, “We must protect and advance alluvial mining for our people, to be owned and operated solely by locals as per the amendment.”

Hon. Goi envisions providing better tools, training, and support for local miners, emphasizing collaboration with the Ministry of Commerce and Industry and other related departments and agencies.

Additionally, he aims to advance attempts to attract more exploration investments during his term, to PNG by fostering an environment that encourages exploration while responsibly managing associated risks. The minister is keen on increasing exploration licenses, but with a focus on sustainable resource management.

Recognizing PNG's rich mineral resources and cultural-tribe diversity, he reiterated the importance of crisis management through transparency.

He said, "PNG's clearly stands as a resource rich country, therefore we must apply all laws at all levels. Policy has to be implemented well."

“I am determined to serve effectively throughout this term and beyond, creating a legacy that will benefit generations to come,” he added, reflecting his optimism about making a lasting impact.

“The mining industry is very exciting,” said Hon. Goi. “It keeps me busy and fuels my curiosity to learn more about everything from alluvial mining to deep-sea exploration.”

Goi lauds K92 record production

Hon. Goi also congratulated the K92 Mining Inc. for its remarkable performance at the Kainantu Gold Mine during the third quarter of 2024.

The mine reported record production figures in October, including 44,304 ounces of gold equivalent, underscoring the hard work and dedication of its employees.

The minister lauded the achievements of the K92 team, saying: “This outstanding production highlights the capabilities of our local workforce and also reinforces the importance of the mining sector in driving economic growth in Papua New Guinea."

"The continuation of operations at Kainantu Gold Mine means more jobs for Papua New Guineans and provides a much-needed economic boost for our communities.”

Hon. Goi stressed the benefits of the continuation of the mine's operation, which contributes significantly to the economy by paying corporate taxes, collected by the government as a primary source of income for the country.

These taxes help fund public services like education, healthcare, infrastructure, and social programs, benefiting the entire country, he said.

The tax revenue generated can also be reinvested into local infrastructure, improving roads, utilities, and public facilities, ultimately contributing to the overall growth of both the local community and the nation, Hon. Goi added.

The Minister emphasized that the success of the Kainantu Gold Mine places it firmly on the global map, further promoting the country as a resource-rich nation.

“As we celebrate these achievements, we also recognize the potential for future growth and investment in our mining industry,” Goi added. “K92’s progress positions our country as a competitive player in the global mining sector.”

The minister reiterated his commitment to supporting the mining industry in the country, noting that responsible mining operations play a crucial role in the nation’s economic development.

Remington Group is pleased to announce the appointment of Justin Kieseker as Chief Operating Officer, effective immediately. In this new role, Justin will oversee the operations of the Group’s entire Printer Division, which includes both Remington Technology and FX Business Centre. This expanded role marks an important step in Remington Group’s commitment to delivering exceptional solutions to its clients across Papua New Guinea.

Justin, former General Manager at Remington Technology, managed operations across eight branches in Papua New Guinea. Over six years, he enhanced growth and market presence, leveraging over 30 years of business development experience in Australia and Papua New Guinea. His leadership earned Remington Group the Dealer of the Year award for Australia. Known for his customer relationship skills and strategic insight, Justin has significantly contributed to Remington's success.

With his promotion to COO, Justin will now lead the broader Printer Division, managing both Remington Technology and FX Business Centre. His extensive experience and leadership abilities are expected to bring additional synergies and operational efficiencies to both units as they work together to enhance their offerings and continue delivering value-driven solutions for customers.

"Justin Kieseker’s promotion is well-deserved and a testament to our commitment to enhancing our sales and after-sales service for our customers," said Navin Raju, CEO of Remington Group. "By focusing on our two leading brands, we can strategically grow both to better serve the needs of our customers. With Justin’s vision, expertise, and deep understanding of our operations, we are confident that he will grow our Printer Division to new heights."

Remington Group is excited to support Justin in his expanded role and is committed to growing the expertise and capabilities within the organization to meet the evolving needs of its clients and the community.

A research Officer with the PNG Extractive Industries Transparency Initiative says lack of realistic policies and framework to address impacts of sudden mine shutdowns, affect businesses and communities among those whose lives depends entirely on the mine. Eileen Mosusu, in her presentation at the Geoscience, Exploration and Extraction Conference in Port Moresby shed light on a pressing issue faced by communities affected by sudden mine closures. Her research, which focuses on the ‘absence of realistic policies and frameworks to address the impacts of mine shutdowns’, offers both insights and recommendations for industry leaders and policymakers. Miss Mosusu identified two key areas of concern:

The Need for Realistic Policies on Sudden Mine Closures

Mosusu emphasized that Papua New Guinea (PNG) has experienced several sudden mine closures, notably the Panguna Mine on Bougainville in the Autonomous Region, the Porgera Mine in Enga Province, and the Hides Gas Project in Hela Province. These unexpected closure of operations leave impacted communities vulnerable, often triggering social unrest and economic collapse.

“When mines close abruptly, the lack of a structured plan for the affected communities’ results in chaos. There is a breakdown in social and economic systems, which escalates tensions,” she said.

Community Resilience and Adaptation in the Face of Adversity

Despite the challenges, Mosusu highlighted the resilience of communities like those in Panguna, in Autonomous Bougainville. Thirty years after the mine closure and a subsequent civil war, Panguna’s communities have developed innovative survival strategies.

“From artisanal mining to geo-tourism, these communities have found ways to thrive. They’ve turned to reusing and recycling materials and fostering a new market economy. This adaptability showcases their resilience,” Mosusu explained.

Motivation for the Research

Mosusu’s connection to Bougainville played a significant role in shaping her research. “Bougainville’s history is deeply intertwined with the extractive industries, and as my home island continues its journey toward independence, the lessons learned from the Panguna Mine closure remain critical. My background as an Environmental Scientist, specializing in heavy metal assessment, further motivated me to explore the impacts of artisanal mining on the environment and local communities,” Mosusu stated.

Alignment with PNGEITI’s Goals

Although her research began prior to joining PNGEITI, Mosusu highlighted how her findings align with the organization’s broader objectives of promoting transparency and accountability in the extractive sector. “Sudden mine closures often leave communities without critical support and economic stability, which underscores the need for better risk management strategies. PNGEITI’s mission to ensure extractive activities are managed in a way that minimizes negative outcomes for communities directly aligns with the discussions my research generates.”

Mosusu pointed out that PNGEITI can play a key role in advocating for the inclusion of sudden mine closures in policy discussions, ensuring companies and governments are held accountable for their responsibilities toward affected communities.

Shaping Future Policies

Mosusu hopes her research will inspire conversations around creating frameworks that anticipate sudden mine shutdowns. She noted that while mining projects are required to present Mine Closure Plans, these often fail to address unexpected closures.

“We must ask ourselves, what happens if a mine closes ahead of schedule? Do we let the community crumble, or do we implement policies that allow these communities to thrive sustainably, with or without the mine in operation?”

Implications for Stakeholders

Mosusu acknowledged the sensitivity of discussing the Panguna Mine, given its historical context and ongoing human rights complaints. However, she stressed the importance of considering the long-term impacts of mine closures on communities and the role artisanal mining plays in sustaining local economies. “Engaging in transparent and accountable practices is essential. Policies must reflect the realities on the ground, especially for artisanal miners, and include proper licensing and environmental protections.”

Future Research and Recommendations

Looking ahead, Mosusu plans to participate in the 6th Alluvial Mining Convention to further explore the discussions around the alluvial mining sector. She also called on PNGEITI to continue supporting research in the extractive industries by publishing comprehensive reports, partnering with academic institutions, and sponsoring case studies that showcase best practices in governance. Executive Director of PNGEITI, Lucas Alkan said the underlying objective of PNGEITI is to promote transparency and accountability in the extractive sector and that it mission to ensure extractive activities are managed in a way that minimizes negative outcomes for communities directly aligns with the discussions points raised by Miss Mosusu in her research paper. In saying this Mr. Alkan said “ on PNGEITI to continue supporting research in the extractive industries by publishing comprehensive reports, partnering with academic institutions, and sponsoring case studies that showcase best practices in governance”.

In her concluding recommendations for policymakers and industry leaders, Mosusu urged stakeholders to engage in conversations about sudden mine closures and their impacts on local communities. “We need frameworks that sustain local economies with or without mine operations, ensuring that communities can continue to thrive after the mine is gone.”

Great Pacific Gold Corp is pleased to announce the appointment of Ron Gawi as Country Manager, Papua New Guinea, effective immediately.

“With the focus of the Company’s exploration activity now in Papua New Guinea, we are very pleased to welcome Ron Gawi to our executive team,” stated Greg McCunn, CEO of Great Pacific Gold. “His extensive background in permitting and obtaining and managing social license to operate in PNG is critical for the long-term success of Great Pacific Gold. With an exciting maiden drill program just getting underway at Kesar, Ron is joining the team at an ideal time.”

Mr. Gawi, worked for over 20 years for the Papua New Guinea (PNG) Department of Minerals and Energy which later became the Mineral Resources Authority (MRA). He reached the level of Assistant Director Mining and then Manager, Project Coordination at MRA. The MRA is the government institution which regulates the mining industry in PNG and during his tenure, Mr. Gawi provided leadership and guidance to a team of project coordinators overseeing seven operating mines. In this role, Mr. Gawi also acted as team leader for review and negotiation of Integrated Benefits Package Agreements in mining projects. Earlier in his career at the MRA he acted as a Principal Project Coordinator, overseeing mining operations at Porgera and Lihir. His responsibilities also included the Kainantu Mine, now operated by K92 Mining and in close proximity to the Company’s active drilling program at Kesar.

Following a successful career at the MRA, Mr. Gawi took on the role of Country Manager, PNG, for Highlands Pacific and held that role for a decade. In this role, Mr. Gawi developed vast experience in government relations and diplomatic relations with extensive dealings with consultants, aid donors, civil society groups, women’s groups and landowner associations in mining and exploration areas.

Mr. Gawi is a former Director of MRA and also the PNG Chamber of Resources and Energy (CORE) and is currently a member of the mining committee of CORE. The role of CORE is to promote the mineral and exploration potential of PNG. CORE has a membership of over 100 companies, including Great Pacific Gold.

In conjunction with Mr. Gawi’s appointment, Benjamin Trotsky, previous Country Manager, will be moving to an advisory role where he will assist the Company as required to ensure a smooth transition.

Papua New Guinea Prime Minister James Marape announced the launch of a “transformative” $1.2 billion (4.8 billion kina) agro-forestry project aimed at boosting the economy and infrastructure of the remote midlands of Western Province.

During a press conference, PM Marape outlined key features of the project, which promises to enhance connectivity and generate substantial employment opportunities in the region and the country.

The conference followed the signing of the GRE Drimgas Project in Western Province at the Government House on October 29th in Port Moresby.

The project will facilitate the construction of over 300 kilometers of sealed roads and an additional 300 kilometers of all-weather roads connecting Kiunga to Nomad, extending towards the borders of Gulf Province. Plans include further expansion of this highway to Kikori in the future, the Prime Minister said.

"This initiative is not just about road construction; it’s about processing and sustainable development," Marape stated.

"Logs harvested from this corridor will be processed within Papua New Guinea by 2028 at a facility located in the deep-water area of Strickland River."

The project, being developed by Italian investors, is set to process timber for export to European markets. Landowners will receive 10% equity in the venture, along with log levies and royalties, benefiting directly from the project’s success.

Additionally, the provincial government of Western Province and the national government will each hold 5% equity stakes. After 25 years, the equity share for PNG beneficiaries will increase to 51%, ensuring greater local ownership and control.

The initiative is projected to create over 3,000 direct jobs, along with numerous indirect employment opportunities through various spinoffs. It emphasizes environmental compliance, adhering to national standards, and includes a five-year project review clause to monitor compliance.

"The state will not invest money but will provide necessary regulatory support, allowing the investors to take the lead in developing the project," Marape explained.

In addition to the agro-forestry initiative, the Prime Minister highlighted the government's plans to diversify agricultural production across the country. This includes the development of oil palm, rice, cattle, and coffee industries, as well as the expansion of cocoa and copra production.

Marape also called on provincial governors from peaceful regions to seek out investors, assuring them of government facilitation.

"This is just the beginning. Our government is committed to unlocking the potential of our natural resources while ensuring sustainable practices," Marape added.

Preparations are underway for the 2024 PNG Investment Week hosted by the PNG Chamber of Resources & Energy (PNG CORE) from the 6th – 11th December at the International Convention Centre, in Sydney, Australia.

Chief Operating Officer for PNG CORE Mrs. Pansy Taueni-Sialis, said with a month to go, PNG CORE is seeing an uptake in registrations from delegates, exhibitors and sponsors alike.

“Whilst we still have a number of delegate seats left, they are selling out fast alongside our exhibition booths and sponsorship packages and we encourage those intending to participate at this event as a delegate, exhibitor or sponsor to register now while we still have spaces available.”

Mrs. Taueni-Sialis also mentioned that part of the uptake in numbers was through the ‘BOMO’ (Booth and Membership Offer) special offer for non-members of PNG CORE who have taken advantage of this special by signing up as exhibitors and new members of PNG CORE.

“We welcome these new members to the Chamber and look forward to their exhibition at the 2024 Investment Week.”

The 2024 PNG Investment Week will open with the ‘PNG Investment Week Charity Golf Challenge’ on Friday 6th December, followed by the pre-conference sessions on Sunday 8th December which will have key regulators speaking on PNG Ready for Investment, and will run in parallel with the International PNG Suppliers Forum.

The opening plenary will commence on Monday 9th December with key government officials from both Papua New Guinea and Australia speaking under the conference theme ‘Creating Opportunities and Reinvesting Equity’, Investment and Trade, Banking and Security with more interesting themes on Tuesday 10th December and the final day on Wednesday 11th December.

A full program on the conference will be made available in the coming days.

For more information on the 2024 PNG Investment Week, the PNG CORE Events team can be reached on email: events@pngcore.org or telephone number: 3212988.

ExxonMobil Senior Vice President of Global LNG, Mr. Peter Clarke, recently shared his insights on the success of Papua New Guinea’s liquefied natural gas industry and the bright opportunities ahead as a keynote speaker at Kumul Petroleum Holding Limited’s Petroleum and Energy Conference held in Port Moresby.

“Papua New Guinea is truly well-positioned for the future -- one where LNG will have an even larger presence in the global energy mix,” said Mr. Clarke.

“With proximity to market and high-quality resources, PNG can continue supporting regional demand for decades to come, with Asia Pacific countries set to be core natural gas customers, and in the process help these countries meet their energy security and emissions reduction goals,” he added.

Through the PNG LNG Project, Papua New Guinea has demonstrated the ability to deliver reliable supply to customers, Clarke said.

“When the first shipment of Papua New Guinea’s LNG set sail on the ‘Spirit of Hela’ to Japan in 2014, and PNG entered an esteemed club of LNG exporting nations, no one could have foretold what the future would bring. But with the benefit of 10 years of hindsight, I can confidently say that through the strength of our partnerships, we have exceeded all expectations -- and together, we have firmly established Papua New Guinea’s global reputation for excellence in the LNG industry,” Clarke said.

“In just its first decade of operations, the PNG LNG Project has generated tens of thousands of jobs and strengthened PNG’s economy. It has engaged 155 local businesses, including 10 LANCOs in the production phase, and invested 6.8 billion kina in PNG with these businesses,” Clarke said.

“And along the way, we have helped to deliver more than 27 billion kina back to the State of Papua New Guinea and its people.”

ExxonMobil and its co-venturers’ investments in the country continue today, with multiple works currently underway to bring new volumes online and further strengthen PNG LNG’s production levels, Clarke said.

“We are also pleased to announce that the P’nyang LNG co-venturers are currently progressing its concept evaluation phase. This phase is critical to ensure that the design to develop this proven 4.6 TCF resource is as capitally efficient as possible which is particularly important given P’nyang’s remote location,” he added.

“Thanks to our close partnerships with the national and provincial and governments, our co-venturers including Mineral Resource Development Company and Kumul Petroleum Holdings Limited, TotalEnergies, Santos and JX Nippon, our LANCOs, local communities and landowner leaders and other business partners -- we are incredibly excited for LNG’s next decade and beyond in Papua New Guinea,” he added.

“Together, we have built a resilient, successful and globally respected LNG industry in PNG.”

Kainantu Gold Mine in Papua New Guinea has reported outstanding production results for the third quarter of 2024, achieving a record output of 44,304 ounces of gold equivalent (AuEq), which includes 41,702 ounces of gold, 1,278,492 pounds of copper, and 37,613 ounces of silver, according to K92 Mining Inc.

John Lewins, K92 Chief Executive Officer and Director, stated: “As we guided to at the beginning of the year, 2H was expected to be the strongest, and it has certainly delivered thus far, with record ounces produced and sold, and record recoveries while benefiting from record gold prices in Q3.

“Importantly, the results have well positioned the Company to meet its 2024 Operational Guidance, while also delivering a notable strengthening to the Company’s financial position during the Stage 3 Expansion construction, which is very encouraging."

The mine's sales figures were equally impressive, totaling 45,248 ounces of gold, 1,615,185 pounds of copper, and 46,062 ounces of silver.

With over 80 percent of its annual gold equivalent production guidance already met in the first nine months, the company is on track to achieve its 2024 target of 120,000 to 140,000 ounces AuEq.

Lewins said: "In less than 9 months from now, the new Stage 3 Expansion Standalone Plant is scheduled to commence commissioning, marking a major milestone for K92 that has taken multiple years to reach, and it effectively represents the beginning of the Company becoming a Tier 1 Mid-Tier Producer.

“We are also excited to host an analyst and investor tour later this month, highlighting our progress across multiple areas, including current operations, the Stage 3 and 4 Expansions and exploration, while also showcasing the advantages of operating in the mining friendly jurisdiction of Papua New Guinea.”

During the quarter, the processing plant handled 104,992 tonnes of material, with a gold equivalent head grade averaging 13.8 grams per tonne, the highest since Q4 2020. This increase was driven by the mining of higher-grade stopes that had initially been scheduled for the previous quarter, the company said.

The mine's throughput was intentionally reduced to optimize recoveries at this elevated feed grade, K92 said. Notably, metallurgical recoveries also reached new heights, with gold averaging 95.3% and copper at 95.1% for the quarter, surpassing recovery expectations.

The mining operations saw substantial activity, with 112,333 tonnes of ore extracted across nine levels, including significant areas at Kora and Judd, Lewins noted.

The quarter also marked the completion of a 5-metre diameter raise bore for interim ventilation improvements, alongside the successful execution of several smaller raises.

K92 anticipates a significant increase in development rates as it completes multiple infrastructure projects and enhances its mining capabilities with the introduction of additional equipment and initiatives aimed at boosting productivity.

PNG Mineral Resources Authority (MRA) Managing Director Mr Jerry Garry, while giving an update on the mining sector to PNG Business News, commented on K92’s production.

He said: “On track to meet the annual production forecast of 120,000 to 140,000 ounces gold equivalent."

Garry said this will provide much needed financing for the construction of its Stage 3 Expansion, which will produce about 450,000 ounces of gold equivalent annum, comparable to Porgera miners’ annual production of 500,000 ounces per annum.

“This is indeed another sterling performance from K92 mine, and we highly commend their entire team," he added.

A Special Procurement Committee for the Mineral Resources Authority (MRA), under the National Procurement Commission (NPC), was officially sworn in on Friday, 25 October, at the NPC office in Port Moresby.

The formation of this committee is a requirement under the NPC Act 2021, which mandates that government statutory bodies and agencies with the capacity to procure assets and services establish internal procurement committees.

The committee is chaired by MRA Managing Director Jerry Garry, with Samson Metofa, First Assistant Secretary of the Financial Reporting & Compliance Division (FAS-FRCD) of the Department of Finance, serving as Deputy Chair. Committee members include Lilian Vevara from the Office of the State Solicitor, Frank Hare of the NPC, and six senior MRA staff members:

• Nathan Mosusu – Executive Manager, Corporate Services
• Stanley Nekitel – Executive Manager, Regulatory Operations Division
• Thomas Vutun – Manager, Finance
• Jerry Naime – Officer-in-Charge (OIC), Development Coordination Division
• Sharon Haihavu – Acting Manager, Legal
• Saki Beka – Acting Manager, Special Projects Unit

The committee was sworn in by Counsel Barry Mol and will oversee the internal procurement of goods and services for the MRA, with a financial threshold of up to K5 million. The committee is responsible for providing regular reports to the NPC.

Mr Garry, as both Chairman of the committee and MRA’s Managing Director, highlighted the challenges the MRA has previously faced in securing essential assets and services. He noted that establishing this committee is an important step towards streamlining the procurement process, thereby enhancing the authority’s operational efficiency and service delivery. He emphasised that the committee is committed to upholding compliance with national procurement guidelines and maintaining the integrity of the process.

On the sidelines of the 2024 Petroleum & Energy Conference today, Kumul Petroleum Holdings Limited Managing director, Wapu Sonk signed a Pre-Front-End Engineering & Development (FEED) contract for a Floating LNG (FLNG) facility in the Gulf of Papua, in PNG.

Mr Sonk announced that this important contract had been awarded to Shanghai Wison Offshore & Marine Company Ltd. Mr  Damien Nguyen, the Chief Technical Officer (CTO), who signed on behalf of the company said Wison is delighted to work closely with Kumul Petroleum in its ambitious plan to commercialise gas fields in Papua New Guinea.

“Kumul Petroleum Holdings Limited has for some time been investigating how to commercialise stranded gas resources, particularly those in our Petroleum Retention Licenses (PRLs 47 &50) over the Pandora and Uramu gas fields, offshore of Gulf Province,”

“This is a critical step and in the right direction, one we are extremely excited about as the National Petroleum Company,” Mr Sonk said.

“KPHL has evaluated these gas discoveries and completed reserve certification, which has given us confidence to move to this stage of the commercialisation plan.”

“KPHL is 100% license holder of the two PRL offshore licenses at the moment and intends to farm down post this study to interested partners who see value in the 1.5mtpa FLNG project  in PNG.”

“This pre-FEED study is a necessary step to ensure that we understand the full scope, cost, schedule, risk and the full economic value before making a decision on moving to FEED and Final Investment Decision. The pre-FEED study is expected to take 8-12 months, leading to entry of FEED thereafter, and FID sometime in 2026 or 2027.

Prime Minister Hon. James Marape met with Indonesia’s newly inaugurated President, H.E. Prabowo Subianto, in Jakarta shortly after the President's official swearing-in. The bilateral meeting, held at the Presidential Palace, focused on the future of relations between Indonesia and Papua New Guinea.

“President Subianto and I had a very productive bilateral meeting on behalf of our countries,” Prime Minister Marape stated. He was accompanied by Foreign Affairs Minister Hon. Justin Tkatchenko and Defence Minister Hon. Billy Joseph.

“Papua New Guinea was granted the unique privilege of holding discussions with the Indonesian President immediately following his inauguration. We reflected on the progress in Indonesia-PNG relations under my leadership, starting with former President Joko Widodo and now continuing with President Subianto,” Prime Minister Marape added. He highlighted the conversation’s focus on expanding cooperation across a wider range of areas.

Prime Minister Marape also underscored the opportunity to learn from Indonesia’s economic achievements, stating, “Indonesia is a country from which PNG can gain valuable insights, particularly in economic growth, and we anticipate a bright future in our relations under President Subianto.”

Background on Indonesia-PNG Relations

Papua New Guinea and Indonesia have maintained a strong diplomatic relationship since PNG’s independence in 1975. The two countries share a common border and collaborate on matters such as trade, security, and education. With Indonesia’s expanding economy and its significant influence in the Pacific region, it remains a vital partner for PNG. Under Prime Minister Marape’s leadership, relations with Indonesia have deepened, particularly in economic development, defence, and border management.

This recent meeting builds on these foundations, marking a step towards further enhancing the partnership between the two nations under President Subianto's leadership.

Prime Minister Hon. James Marape has urged Papua New Guinean-owned businesses to maintain a strong presence and foster ongoing commercial relationships between Papua New Guinea and Samoa.

Prime Minister Marape highlighted that both countries share similar values and aspirations for development, and PNG-owned businesses operating in Samoa have significant potential to benefit from their investments.

“I encourage our PNG-owned businesses already established here, as well as those exploring new opportunities in finance, banking, tourism, and construction, to broaden their investments in Apia.

“I see the achievements of PNG businesses like Bank South Pacific (BSP), which has established a solid presence in Samoa, and the Constantinou Group of Companies, which has invested in the construction and hospitality sectors.

“PNG offers a solid foundation for regional business engagement. I encourage businesses to seize the opportunities available here in Samoa and across the Pacific Islands,” said Prime Minister Marape.

He made these remarks during a business breakfast meeting organised by the Samoan business community at the Taumeasina Island Resort in Samoa.

Prime Minister Marape also informed the Samoan-PNG business community that the PNG Government is actively working to create a more conducive economic environment for businesses to invest and operate both in PNG and across other Pacific nations.

“As a government, we are committed to addressing barriers and enhancing the ease of doing business to benefit your operations.

“We have an effective business arbitration system in place that facilitates mediation in disputes over business contracts, providing a fair outcome for all parties, including the government, developers, and landowners. This ensures that interests are safeguarded in the event of conflicts.

“PNG anticipates continued expansion and a lasting presence of PNG businesses here in Apia, Samoa, and a strengthening of our people-to-people relations, especially in tourism,” he added.

The Samoan business community spoke highly of major PNG companies like BSP and the Constantinou Group of Companies, noting their contributions to the Samoan economy. The Constantinou Group owns and operates the Taumeasina Island Resort, and its subsidiary, Hebou Construction, is actively exploring opportunities in the Samoan construction sector.

The PNG Government also holds shares in Bank South Pacific and the Taumeasina Hotel through landowner investment interests.

Prime Minister Marape held the business community meeting in the morning prior to attending the official opening of the Commonwealth Heads of Government Meeting (CHOGM), followed by the Executive Session.

The meeting was attended by notable figures, including the Executive Director of the Australia-PNG Business Council, Frank Yourn, Group CEO of BSP Financial Group, Mark Robinson, William Blank of Hall Contracting (who has completed dredging projects for major PNG ports like Lae and Port Moresby), and PNG’s Honorary Consul to Samoa, Fiona Ey.

Business representatives and the broader community expressed their appreciation for the PNG Government’s support for PNG companies like BSP and the Constantinou Group, particularly their investments in Samoa, and encouraged further investment in the construction sector.

Prime Minister Marape also acknowledged BSP as a PNG-based bank for its support of the Samoan Government as a key sponsor of CHOGM. He noted his satisfaction in seeing leaders from the 56 member countries accommodated at the Taumeasina Island Resort, which is largely owned by PNG investors.

Prime Minister, Hon. James Marape, signed a framework agreement with the Prime Minister of Vanuatu, Hon. Charlot Salwai Tabimasmas, establishing a commitment between Papua New Guinea and Vanuatu to pursue, develop, and implement economic and technical cooperation activities for the benefit of both countries’ citizens.

The signing took place at the Taumeasina Island Resort in Apia, Samoa, during the Commonwealth Heads of Government Meeting (CHOGM), a notable occasion that underscores the collaborative potential between the two nations.

Prime Minister Marape acknowledged Vanuatu’s Prime Minister Tabimasmas for his dedication to formalising this agreement, which represents a significant milestone in the long-standing relationship between the countries. He noted the historical ties as members of the Melanesian Spearhead Group and highlighted Papua New Guinea’s early support during Vanuatu’s path to nationhood.

Prime Minister Tabimasmas expressed his appreciation for PNG’s past assistance, including relief efforts following natural disasters. He credited prior discussions with PNG leaders and the hard work of government officers in both countries for shaping this framework agreement, which now serves as a foundation for more detailed cooperation.

The agreement provides a comprehensive framework, enabling the two nations to establish further collaborative undertakings across various sectors of development. Areas outlined in the scope of cooperation include, but are not limited to:

• Agriculture
• Air Services
• Bilateral Trade and Investment
• Climate Change and Environment
• Defence and Security Cooperation
• Double Taxation
• Education and Human Resource Development
• Disaster Management
• Health and Medical Services
• Infrastructure
• Investment Promotion and Protection
• Marine and Fisheries Cooperation
• Policing
• Mining and Energy
• Tourism and Culture

The event was also attended by PNG’s Minister for Foreign Affairs, Hon. Justin Tkatchenko, Minister for International Trade and Investment, Hon. Richard Maru, Minister for Fisheries and Marine Resources, Hon. Jelta Wong, and Minister for Community Development, Religion and Youth, Hon. Jason Peter.

Ok Tedi Mining Limited (OTML) has donated K550,000 to the University of Papua New Guinea’s (UPNG) Earth Sciences Division & Centre for Disaster Risk Reduction, upgrading the division’s Computer Laboratory for students and teaching staff.

The funds cover the purchase and installation of 28 desktops, seven laptops, and one uninterruptible power supply (UPS) device. Currently there are only six desktops that caters to the division’s 26 final-year students, 21 third-year students, and 20 second-year students.

Manager Mine Technical Services, James Bu, Manager Production Services, James Waisime, and Manager Corporate Affairs, Dexter Wagambie, attended the University’s Open Day on Friday October 11th to announce the donation.

Mr Wagambie said, “This donation complements OTML’s vision to create a sustainable future for our people, by positively impacting tertiary level students and mould them to be the workforce that we envision them to be in the future.”

OTML’s presence at the Open Day was also an opportunity for the three Manager’s to inspire students eager to learn more about the mine’s operations, geological activities, and training programs.

The impact of OTML’s Graduate Development Scheme on the development of graduates and the benefits that the mine operation gains from these professionals over the years was highlighted.

“The GDS Program is all about building leaders in the industry. The current Managing Director and Chief Executive Officer, Kedi Ilimbit, including Mr Bu, Mr Waisime, myself, and many other leaders in OTML are products of the GDS program,” Mr Wagambie said.

Head of the Earth Science Division Associate Professor Joseph Espi said, “Ok Tedi is an integral part of our vision to be the best because Ok Tedi is a nationally owned company and the largest open-pit mine in PNG right now with a 98% national workforce and national CEO. These are reasons enough to inspire our students excel in their chosen fields of study.”

OTML is committed to maintaining an industry-institution relationship with key tertiary institutions, such as UPNG, to ensure they produce quality graduates that are ‘industry ready’.

As part of the on-going efforts to enhance national content within the resources sector in Papua New Guinea, the PNG Chamber of Resources & Energy (PNG CORE) is pleased to announce the establishment of its National Content Committee.

This Committee, endorsed by the PNG CORE Council in its September meeting, will now lead the industry’s efforts to align the resources sector to effectively implement the government’s national content policies.

According to PNG CORE Chief Operating Officer Pansy Taueni-Sialis, the establishment of the Committee is part of the Industry’s commitment to drive implementation and improve monitoring and reporting of national content in PNG with the aim of maximizing value creation from within the resource sector and from its industry partners.

“The National Content Committee will also focus its efforts towards implementing our Industry Policy Statement on National Content, in alignment with the overarching National Content Policy, administered by the Department of Commerce & Industry, and the Petroleum sector National Content Policy, administered by the Department of Petroleum.”

“ExxonMobil PNG Limited’s National Content Manager, Mr. Samuel Koyama, has assumed the role as interim Chair of this Committee, which also comprises National Content industry leaders from across the mineral, petroleum and energy sectors.

The National Content Committee will lead industry’s efforts to engage with key departments, national and sub-national governments including other relevant partners on matters of mutual interest in the national content space.”

“PNG CORE looks forward to seeing tangible progress made by industry to add value and contribute to National Content initiatives, and to also promote sustainable development within the country’s resources sector.”

Innovative technology has shifted business operations from traditional to modern methods. In an interview with PNG Business News, Remington Group CEO Navin Raju shared his vision and stressed the necessity of adapting to these changes.

The Remington Group Board of Directors recently appointed Raju as the new CEO, recognizing his extensive experience in leadership and business development. Prior to this role, he was CEO of CPL Group PNG and held other senior positions in various companies, including Heli Nuigini Limited.

The Remington Group, formerly a key typewriter distributor in the Pacific and now a leading printer distributor in Papua New Guinea, faces new challenges. Raju mentions that the brand had an early presence in the Fiji Islands, as noted by his father. 

"It began with typewriters, and Remington was a significant business across the Pacific. My 80-year-old father noted that Remington sold typewriters in Fiji when he was young," he said.

The Remington brand has been supplying products to PNG since 1948 and has continuously adapted its business model to keep pace with technological advancements and changing times.

"The essence of our business has remained consistent, but we are now facing a pivotal moment. Our line of business is likely to decline as society increasingly adopts paperless solutions and e-commerce."

He stressed that Remington Group must adapt to changing market dynamics. "We aim to find new products and services that match our current offerings. My goal is to grow the business while contributing to the country's growth for the next many more years."

“We aim to be leaders in the print and ICT sectors as technology evolves,” Raju said.

The Remington Group is the preeminent provider of business solutions, print technology, and related services in Papua New Guinea. With an unwavering commitment to quality and local talent development, Remington has been a pivotal entity in PNG’s business sector for 76 years.

Since its inception, the Group has cultivated a comprehensive portfolio, encompassing Remington Technology, FX Business Centre PNG, Premier Business Solutions PNG, and BizPrint PNG. Its extensive national presence extends beyond Port Moresby to several key provinces, including Lae, Madang, Kokopo, Wewak, Goroka, and Mt. Hagen.

Remington’s print technology solutions furnish businesses, government offices, and organizations within PNG with superior operational platforms in business services, document solutions, and commercial printing.

During the interview, Raju detailed his journey to PNG. Originally from Fiji and having grown up in New Zealand, he arrived on a three-year contract in 2010 and has since made PNG his home over the past 14 years.

"My family and I have grown fond of this place. We feel integrated into the country and are committed to PNG," he stated.

He emphasizing the cultural nuances in business settings. Drawing from his Fijian background, he remarked, "I understand Melanesian culture and the challenges that young Papua New Guineans face in the workforce."

He stressed the importance of practical exposure, saying: "While theoretical knowledge is essential, providing practical experiences and exposure is crucial for success."

Raju described the working environment in PNG as dynamic, with daily challenges emerging regularly. "It is vital to understand the social circumstances of employees; often, a missed day of work stems from deeper underlying issues impacting their lives," he concluded.

National Content:

Raju emphasized the importance of having Papua New Guineans in management, advocating for their promotion to senior roles with the right skills. As he shared his past experiences, he noted the need for qualified candidates to prevent mismanagement.

Despite challenges like corruption, fraud, crime, and poor infrastructure in PNG, Raju remains hopeful about nurturing local talent.

“We need to invest in education and provide exposure to prepare Papua New Guineans that can effectively take on leadership roles.”

“Exposure is crucial. People may have the theoretical knowledge, but we must provide them with the practical experiences necessary to succeed,” he asserted.

On Business in PNG:

On the economic front, Raju articulated concerns regarding the business sector, particularly with respect to the availability of foreign exchange.

“Our overheads are considerably affected by the forex situation, making it challenging for us to maintain competitiveness,” he explained. He urged for enhanced government support to improve the operational environment for businesses.

As Remington Group continues to adapt to market demands, Mr. Raju stressed the need for forming partnerships that prioritize local printing over international production.

“We must deliver the right products at competitive prices to remain viable. Increasing business volume is crucial for achieving cost efficiency,” Raju said as he reaffirmed his vision, which now forms the cornerstone of the Remington Group's objectives.

“We have been a part of PNG’s growth for the past 76 years, and this company remains committed to contributing to the nation's development for many more years. We aim to be integral to the print and ICT environment, furthering the advancement of modern technology."

“Our vision is to become a leader in this domain as we pursue our business endeavors. This new vision reflects our ambition to lead and contribute to the country's growth in this sector,” he added.

PNG Business News congratulates CEO Navin Raju on his new role and expresses gratitude to the Remington Group for their ongoing dedication to providing quality services. 

The government has reiterated its ambition to achieve carbon neutrality by 2050, with an interim target of a 50-percent reduction by 2030, at the recent Petroleum and Energy Conference 2024.

Recent reports indicate progress, particularly in the agriculture, forestry, and other land use sectors, which have successfully met initial CO2 reduction targets.

Papua New Guinea (PNG) Climate Change Development Authority (CCDA) Acting Managing Director Debra Sungi highlighted the collaborative efforts between the agency, the PNG Forest Authority, and National Energy Authority to advance these objectives.

Sungi said: “In our recent bi-annual update report, which we've submitted off to the United Nations Framework Convention on Climate Change, we have reached our target under the agriculture, forestry, and other land use, which is of 10,000 gigagrams of CO2 equivalent with zero debt in our recent findings.

“That is a positive step that the government have actually taken together with you all in terms of ensuring that we work together in a more sustainable way.

“Those targets are very specific for our agriculture, forestry, and other land use. And that is from our enhanced NDC, which was done back in 2020. We are in 2024, almost halfway through 2030.

“It's a 10-year target. It is a positive milestones which we have achieved together,” she added

Speaking at PEC24, Sungi, emphasized the urgent need for PNG to transition toward greener practices in the face of mounting climate challenges. Her remarks centered on leveraging nature-based solutions to combat climate change, while also promoting sustainable development.

Sungi highlighted the importance of the country’s forests, as reiterated by PNG Prime Minister Hon. James Marape.

"As we engage in international forums, we must fully utilize our forest resources," she stated, noting the increasing frequency of climate-related disasters over the past decade, which have disrupted traditional agricultural practices and altered weather patterns.

Despite contributing a mere 0.001% to global emissions, she argued that PNG cannot afford to ignore the impacts of climate change.

"If we don't take action now, we risk becoming one of the highest emitters in the future," she cautioned.

Sungi also addressed the challenges of financing climate initiatives, noting the delays often associated with accessing international funds like the Green Climate Fund.

"We need to mobilize resources effectively to respond to the immediate impacts of climate change," she urged, noting the importance of public-private partnerships.

The CCDA executive detailed specific goals for transitioning from fossil fuels, particularly diesel-powered plants, to renewable energy sources by 2030. She said the National Energy Rollout Plan outlines potential investments in cleaner energy solutions across identified provinces.

Moreover, Sungi announced recent amendments to the Climate Change Management Act, which will enhance governance around carbon markets, enabling better collaboration between the government, local communities, and the private sector.

This regulatory framework aims to streamline efforts in forestry management and carbon trading.

“I am pleased to say that even after the amendments of the Climate Change Management Act in 2023, we have made some few amendments to allow us as an authority to now manage and govern the space around carbon markets. And we have the regulation that maybe in a couple of days we will have a statement out that we have some endorsement.

“I would like to acknowledge our good Prime Minister in driving this agenda going forward together with our ministers,” she said.

“It a legislation that has been missing for a very long time. And having that around the forestry sector governs our work in terms of working together not only with our local communities, our landowners, but also with the private sectors around a different market approach, which we have identified another carbon market regulation.”

Sungi called for collective action, noting that achieving PNG's climate goals requires partnership across all sectors. "We must ensure that our development is sustainable and inclusive," she stated.