“The story of our country’s engagement with the world is a story of resources. Explorers came for gold, then oil, and later for gas and minerals. Each of these helped shape not only the economy but the social and political fabric of Papua New Guinea,” said Anthony Smaré, President of the PNG Chamber of Resources and Energy, at the official opening of the ...

The executive management team of Kumul Petroleum Holdings in early July visited two construction sites where the company is building important infrastructure to support the long-term provision of increased national content and essential services in the country. Currently under construction are the Motukea Fuel Facility, adjacent to the Motukea Internat...

Kuala Lumpur, Malaysia – Papua New Guinea’s Minister for Foreign Affairs Justin Wayne Tkatchenko attended the 32nd ASEAN Regional Forum (ARF) Foreign Ministers’ Meeting on 11 July, where he delivered a landmark address reaffirming PNG’s aspiration to transition from ASEAN Special Observer to full membership. Minister Tkatchenko emphasised the strategic an...

Houston, Texas, USA, 9 July 2025 – Papua New Guinea Prime Minister James Marape has met with senior executives of ExxonMobil Corporation at the company’s global headquarters in Houston, Texas to progress strategic discussions on Papua New Guinea’s next generation of LNG developments — including the Papua LNG, P’nyang LNG and Wildebeest gas projects. Th...

Prime Minister James Marape held a series of meetings with senior US officials on 10 July, reinforcing strategic ties between Papua New Guinea and the United States in areas including trade, investment, security and fisheries cooperation. He engaged with representatives from the Pentagon, US Border Protection and the US Coast Guard, culminating in a ke...

Prime Minister James Marape has announced a landmark development in Papua New Guinea–United States relations, following a historic first-ever bilateral meeting at the White House between a sitting Papua New Guinean Prime Minister and a US Vice President. This milestone meeting, held during Prime Minister Marape’s official visit to Washington D.C., took...

PORT MORESBY — Ok Tedi Mining Limited (Ok Tedi) is pleased to announce it has received clearance from Papua New Guinea’s Independent Consumer and Competition Commission (ICCC) for its purchase of the Misima Gold Project from Kingston Resources Limited (Kingston). This approval completes all conditions precedent required to finalise the transaction. On ...

Wimble & Co Limited, a trusted name in Papua New Guinea’s industrial and mining supply sector, underscored its commitment to sustainable solutions and deeper industry collaboration at the 2025 PNG Industrial and Mining Resources Exhibition and Conference, held at The Stanley Hotel in Port Moresby from 2–3 July. In an exclusive interview with PNG Bu...

The Bank of Papua New Guinea (BPNG) has submitted its 2024 Annual Report and Financial Statements to the Minister for Treasury, in accordance with the Central Banking (Amendment) Act of 2024. The report captures a pivotal year marked by structural reform, digital innovation, monetary tightening, and renewed focus on institutional integrity. The timely ...

K92 Mining Inc. has announced the retirement of Philip Samar from his role as vice president, government and community affairs. Samar will continue to support the company as a senior advisor in a consulting capacity. Samar joined K92 in January 2019 as vice president, external and corporate affairs, later retitled vice president, government and communi...

Canadian firm K92 Mining Inc. has reported a solid second-quarter performance for 2025, producing 34,816 ounces of gold equivalent (AuEq) and initiating commissioning of its new 1.2 million tonnes-per-annum (Mtpa) Stage 3 Process Plant at the Kainantu Gold Mine in Papua New Guinea. The Q2 output represents a 43% jump compared to the same period in 2024...

More than 350 human resources professionals in Port Moresby have received much-needed financial literacy training through a partnership led by PNGX Group Ltd, Comrade Trustees Services Ltd (CTSL) and the PNG Human Resources Institute (PNGHRI). The most recent session, held on Friday, 4 July, drew over 220 PNGHRI members from various industries. It foll...

Westpac Banking Corp. has lowered Papua New Guinea’s economic growth forecast for 2025 from 5.1 percent to 4.7 percent, attributing the revision to a stronger-than-expected 2024 base. But despite the downgrade, the Australian bank remains broadly upbeat about the country’s economic trajectory, underpinned by sound fundamentals, improving liquidity and res...

Minister for International Trade and Investment Richard Maru has declared his full support for the proposed 90-megawatt Kaugel Hydropower Project in the Southern Highlands Province, calling it a “transformational project of highest national priority.” “The proposed K2.5 billion (USD 625 million) project, which will take four years to construct, has my ...

This year’s Papua New Guinea Industrial and Mining Resources Exhibition and Conference (PNG Expo) concluded two productive days of industry insights, innovation and networking at The Stanley Hotel & Suites from July 2 to 3. Bringing together expert-led discussions, real-world case studies and opportunities for sector-wide collaboration, the annual ...

Papua New Guinea must stop crafting “a rulebook for every project” and instead focus on building reliable, trade-enabling infrastructure to underpin a strong and inclusive economy, said Chey Scovell, Vice President of the Port Moresby Chamber of Commerce and Industry (POMCCI). Speaking at a POMCCI-hosted breakfast forum on Thursday, 3 July, at the Roya...

PORT MORESBY – The capital city came alive on 28 June as more than 12,000 people gathered at the Sir Hubert Murray Stadium for the inaugural Meganesia Concert 2025, a free-entry spectacle that has set the tone for Papua New Guinea’s countdown to its 50th Independence Anniversary. The stadium pulsed with vibrant colours, festive food and the rhythmic so...

The PNG Resources Golden Expo, hosted by the PNG Chamber of Resources and Energy (PNG CORE), will run this July at APEC Haus, and is free and open to the public daily from 9 a.m. to 4 p.m. Papua New Guineans are invited to explore, learn, and celebrate the vital role of the minerals and energy sector in the nation’s development. The Golden Expo will be...

The Papua New Guinea Chamber of Resources & Energy (PNG CORE) is calling on community leaders, landowners and small-scale miners to unite in tackling the escalating issue of unregulated alluvial mining across the country. Unregulated alluvial mining poses a serious threat to the mining industry, local communities and legitimate small-scale miners. ...

Following the success of the first two of four Regional Engagement and Awareness (E&A) sessions in May, Nambawan Super Limited (NSL) held the third E&A session in Kokopo, East New Britain Province. The third regional E&A session was hosted on Friday, 27 June 2025, at the Gazelle International Hotel. Over 100 members attended the event, incl...

South Pacific Metals Corp. has announced the appointment of Mr Timo Jauristo as Chief Executive Officer, effective 30 June 2025, as the company prepares to commence its maiden drilling campaign in Papua New Guinea. Jauristo brings more than 40 years of global mining leadership experience to the role, having previously served as Executive Vice President...

Kumul Consolidated Holdings (KCH), the trustee shareholder of the country’s state-owned enterprises (SOE), and PNGX Group Limited (PNGX Group), the holding company of PNGX Markets Limited, operator of Papua New Guinea’s national stock exchange, have signed a memorandum of understanding (MOU) aimed at improving SOE governance and unlocking new investment p...

The independent Panguna Mine Legacy Impact Assessment (PMLIA), in its Phase 1 report released in December 2024, identified safety risks associated with geotechnical instability in the slopes of the open pit. Persistent alluvial and small-scale mining (ASM) activities have contributed to these risks, alongside erosion and water run-off. As a precauti...

The Papua New Guinea Chamber of Resources and Energy (PNG CORE) is proud to announce ExxonMobil PNG Ltd, the operator of the PNG LNG Project, as the Principal Sponsor for the 2025 PNG Resources Week, to be held from 28 to 31 July 2025 at APEC Haus, Port Moresby. ExxonMobil PNG, a core player in Papua New Guinea’s energy sector and operator of PNG LNG, ...