Photo: Manus Acting Provincial Administrator Mr. Oka Nungu and IPA Managing Director Mr. Clarence Hoot proudly showing the signed MOUs after the signing. The Investment Promotion Authority (IPA) has signed a Memorandum of Understanding (MOU) with the Manus Provincial Administration (MPA). The MOU paves way for the Manus Provincial Administration to ...

Photo: Clarence Hoot The Investment Promotion Authority (IPA) delivered a stakeholder awareness and training workshop for the New Guinea Islands Region in Kokopo from 27th – 28th October 2022. The awareness was geared towards training and building the capacity of New Guinea Islands Provincial Commerce Officers and Business Development Officers from the...

Photo caption: L-R: Emanuel Bria, Country Officer – Asia, Mark Robinson EITI Executive Director and Lucas Alkan Head of PNGEITI National Secretariat during a press conference held on the last day of the mission, Friday November 11, 2022.  ​​​​​​​ An EITI International mission led by its Executive Director Mark Robinson to Papua New Guinea concluded tod...

From left to right EITI International Executive Director Mark Robinson, EITI International Director for Asia and the Pacific and the Country Lead for Papua New Guinea Mr. Emmanuel Bria and PNG EITI Head of National Secretariat Mr. Lucas Alkan at the press conference.  EITI International team comprised of the EITI Executive Director Mark Robinson, EITI ...

Photo credit: Sarimu Kanu Linkedin Page Kumul Minerals Holdings Limited has named Sarimu Kanu as its new managing director (KMHL). Nellie James, the KMHL's president, made the declaration. “Under the KMHL constitution, the power to appoint a managing director lies with the board,” James explained. According to James, Vanguard International's i...

Photo credit: Mining Digital  There were no pandemic-related delays in Newcrest Mining Limited's 2 million ounces of gold output in the fiscal year 2022, despite the fact that several maintenance and improvement projects were carried out. Sandeep Biswas, managing director of Newcrest, stated at the company's annual general meeting (AGM) in Melbourne...

According to Governor Luther Wenge, the Morobe government will review the 2005 Memorandum of Agreement (MOA) for the Hidden Valley project with developer Harmony Gold Mining and stakeholders. According to Wenge, the original agreement from 2005 called for a review once the Hidden Valley mine had been in operation for three years. “Many things stipul...

OK Tedi Mining Limited plans to extend its operation beyond the mine life in 2032. According to managing director Musje Werror, the Ok Tedi mine still contains roughly 200 million tonnes of resource that will remain in the earth after 2032 and can support mine operations long into the 2040s and even the 2050s. “We have been in operations now for 38 ...

Prime Minister James Marape made a call for Papua New Guinea’s livestock industry to be revived urgently for import replacement as well as to be an exporter. Marape, in a press statement said Papua New Guinea once had a thriving cattle industry that was started in the colonial days by experienced Australian cattle owners. “Once upon a time, the Highlan...

Photo credit: ANU Despite major setbacks faced by many economies of Island Nations throughout the Pacific due to the global Covid-19 pandemic and the Ukraine-Russian war from 2019 to 2021, a recent study and report released by the Australian National University (ANU) shows that PNG's Gross Domestic Product (GDP) has been progressing well compared to ot...

Prime Minister Hon. James Marape recently stated that Papua New Guinea spends a massive K2 billion-plus on importing food every year, some of which can be easily grown and produced in the country. He said this when announcing that the two major focuses of his government were internal security and growing the economy. “More control of the prevailing law...

Minister for Environment, Conservation and Climate Change and Lufa Open MP Hon Simo Kilepa is determined to connect the Lufa District in Eastern Highlands Province with reliable electricity supply under the PNG Electrification Partnership (PEP) Activity Program fully funded by the United States of America Aid (US AID). The first term MP plans to connec...

Photo: Coffee Minister, Hon Joe Kuli Newly appointed coffee minister and Member for Anglimp-South Waghi, Hon. Joe Kuli is adamant in seeing that the government’s targets set for increasing coffee production and exports is progressed under his leadership. Minister Kuli said this during a recent meeting with the Coffee Industry Corporation Limited (CICL)...

Minister for International Trade and Investment Hon. Richard Maru said Australia must refocus and align their priorities to Papua New Guinea’s preferences. He was referring to the Papua New Guinea - Australia Comprehensive Strategic and Economic Partnership, specifically the Pillar 3- Economic Partnership for Prosperity. Minister Maru said this in his ...

Photo: Hon Justin Tkatchenko & Korean ambassador to PNG, KANG Ho-jeung Foreign Affairs Minister, Justin Tkatchenko has announced the proposed plans for South Korean investments which will include the re-establishment of the Korean International Corporation Agency (KOICA) and establishment of the Ocean and Fisheries Corporation Centre (OFCC) in Port...

The well established and enduring relationship between Papua New Guinea and Australia was highly acknowledged by the Australian Minister of International Development and the Pacific, Hon. Pat Conroy during the introduction and launching of PNG Ports latest K2.2 million customized pilot boat project at Port Moresby's Fairfax harbour waterfront recently. ...

Photo credit: Tourism Promotion Authority Papua New Guinea officially opened its borders to international visitors on the 1st July 2022, and visitor arrivals from January to August 2022 show that the country has received 37,537 visitors – 2,182 of these visitors were here on holiday.  Obtaining a tourist visa remains a challenge for bona fide touris...

The PNG Chamber of Mines & Petroleum will host its 16th Mining and Petroleum Investment Conference at the Hilton Hotel in Sydney from the 5th-7th of December 2022. The theme of this year’s conference is: “PNG Resources: “Securing the next wave of responsible investment”.    The Conference draws over 1000 delegates from the global hydrocarbon, miner...

Photo credit: PM James Marape News Page Prime Minister Hon. James Marape says the Government is investing in key infrastructure development such as the K125.7 million Kavieng Airport Development. He said this on Thursday, November 3, 2022, when opening the project which he launched in June 2020, built through the Asian Development Bank (ADB)-funded ...

Photo: Keith Scott, the British High Commissioner to PNG The British Government, as a significant partner, wants to help Papua New Guinea access its natural resources, especially agriculture, according to British High Commissioner Keith Scott. Scott visited Goroka to see coffee production along with Dr. Ruth Wiseman, director of Oceania, South-East ...

Photo credit: Papua New Guinea Today Mark T. Robinson has been named group chief executive officer of Bank of South Pacific Financial Group Limited. With over 30 years of experience in establishing, developing, and emerging economies, Mr. Robinson is a senior financial services executive and a seasoned banking Chief Executive Officer. Mr. Robinso...

Photo credit: Post Courier The American Embassy in Port Moresby has called on the Ministry of International Trade and Investment expressing their strong interest to work with the Ministry to bring in more foreign direct investments from the United States to Papua New Guinea. American Embassy in Port Moresby Charge d'Affaires Joseph Zadrozny stated t...

Papua New Guinea faces competition for technical workforce as the government pushes ahead with projects in the mining, petroleum and gas resource sector in 2023 onwards. Projects like Wafi-Golpu, Papua LNG, Porgera, and P'nyang are some of the ones that are likely to get off the ground, according to Richard Kassman, Senior Vice President of the PNG Cha...

The recent PNG Industrial and Mining Resource Exhibition and Conference that was held in Port Moresby recently for two consecutive days had a positive turnout by exhibitors as well as representatives and attendees from different companies and businesses in the industrial & mining sector when they showcased their various products and services to potent...