Photo credit: K92 Mining Inc K92 Mining Inc is pleased to announce that it has published its 2021 Sustainability Report. This is K92’s third annual sustainability report, outlining the environmental, social and governance (“ESG”) practices and performance of the Company. The report builds on the progress of our reporting and disclosures including key m...

To build the capacity of the local workforce to support rural road transport infrastructure development projects in Papua New Guinea, the EU-STREIT PNG Programme trained and upskilled a new batch of interested young men and women in the Sepik region.  The EU Funded UN Joint STREIT Programme continues to train more young people from rural Sepik with the...

Photo: Part of a 21-vessel fleet, Pacific Towing’s latest tug acquired as part of its fleet expansion program will be dedicated to harbour towage and permanently stationed at the company’s dedicated tug base in Port Moresby. Melanesian marine services company, Pacific Towing (PacTow), has added yet another tug to its fleet.  The Azimuth Stern Drive (AS...

Photo: Local workforce installing Ark Pacific building units for a replacement camp at a one of PNG’s biggest mines.  The camp encompasses 800 rooms in 16 two-storey accommodation blocks. Prefab modular camp specialist, Ark Pacific, is working with one of PNG’s largest mines to finalise the design stage of a 700 room camp.  Ark has provided the same mi...

Photo credit: Post Courtier - Benny Popoitai Bank of Papua New Guinea (BPNG) claims that the government has to concentrate more on an export-driven strategy. This statement on the country's current amount of foreign exchange was given by acting governor Benny Popoitai. He said that the amount of foreign exchange reserves was $3.08 billion as of M...

The Pasca A project's discussions will resume, according to Prime Minister James Marape.  Marape said that they would start dialogue with them after negotiations had been stalled for months. “I assure resources licence holders for Wafi-Golpu, Pynyang, Papua, Pasca A, and Porgera that to enjoy the benefits of the current regime, we need to work toget...

For many of the country's main importers, the problem of lack of foreign exchange availability continues to pose a danger to supply security in the nation. According to Hulala Tokome, Country General Manager and Director of Puma Energy, they are hopeful that a strong framework in terms of government policies would be in place to address these concerns ...

By the end of December 2021, the total public (government) debt still due was K48.1 billion, or 51.6% of the nation's GDP. The present outstanding debt is made up of K25.2 billion from local sources and K22.9 billion from external sources, according to the acting governor of the Bank of PNG Benny Popoitai. Total government deposits at depository fir...

An official claims that it's important to gauge how much agriculture contributes to the country's economic development, particularly its Gross Domestic Product. The Department of Agriculture and Livestock's acting secretary, Dr. Nelson Simbiken, said: “We want to see in a coordinated manner capital investment programmes that have been invested in the a...

The Shareholders Agreement has finally been approved in Port Moresby by Mineral Resources Enga and the Landowners of the Porgera Gold Mine in Enga Province. Nixon Mangape, director of Mineral Resources Enga (MRE), stated that although MRE had been expected to approve the shareholder's agreement four to five months prior, there were still certain concer...

Photo credit: Pacific Mine Watch Prime Minister Hon. James Marape has welcomed the signing of the Porgera Gold Mine shareholder agreement by Enga Provincial Government-owned Mineral Resources Enga (MRE) and landowners in Port Moresby today (August 18 2022). He said it was a “milestone achievement” towards reopening of the Porgera mine which has been...

Prime Minister Hon. James Marape says the K794 million Nadzab Airport Redevelopment Project (NARP) will be “a gamechanger for Lae, Morobe and Papua New Guinea” when completed. He said this today (August 18 2022) after publication of the latest update of the project by National Airports Corporation (NAC). “The NARP is a high-impact Government project...

Photo: PM Marape in Parliament on August 9, 2022. Prime Minister Hon. James Marape is making a call on Australian businesses to consider importing more from Papua New Guinea to balance the disproportionate import-vs-export scale that the two countries have existing between them. He also wants to see more Australian investors partner with PNG to move...

Photo: The EU Funded UN Joint STREIT PNG Programme established the “STREIT Innovation Fund” to support local MSMEs and entrepreneurs and stimulate investments in cocoa, vanilla and fisheries value chains The Food and Agriculture Organization of the United Nations (FAO), under the EU-STREIT PNG Programme, has launched an Innovation Fund to stimulate inv...

Photo credit: Jason Reed Santos today announced its half-year results for 2022, reporting record free cash flow of US$1.7 billion and underlying profit of US$1.3 billion. The results reflect significantly higher oil and LNG prices compared to the corresponding period due to stronger global energy demand combined with a higher interest in PNG LNG follow...

The EU Ambassador to PNG launched a new transport infrastructure project in East Sepik which improves access to market, business opportunities, health aids and schools for more than 2000 villagers in a ground-breaking ceremony.  His Excellency, Ambassador Jernej Videtič, the Head of the European Union Delegation to PNG was in East Sepik recently to ina...

Prime Minister Hon. James Marape hits the ground running in the frontier-breaking clean green energy projects he has been championing over the last two years when he met with leaders of Fortescue Future Industries (FFI) in Singapore recently to progress the talks further. He said from Singapore FFI has voiced its intention to partner Papua New Guinea i...

This month, James Marape is re-elected as the Prime Minister of Papua New Guinea. Despite a general election that was scourged with moments of violence, death, destruction of infrastructure, and claims of election fraud, Marape is back in the office as the country's leader. In the current election, Marape's Pangu Party earned at least 36 of 118 seats a...

Photo: PM Marape addressing Parliament on Tuesday, August 9, 2022 Prime Minister Hon. James Marape says his Government will do its “utmost best” for the people of Papua New Guinea. He said this recently (Sunday, August 14, 2022) as he goes through the process of selecting ministers and laying the groundwork for the next five years. “On August 30,...

Photo: From Left to Right: Dorothy Koch (Public Relations and fundraising Manger, Buk Bilong Pikinini) Ryan Pini (Corporate Development Manager, Theodist Limited) Shaun Pini (Purchasing Manager, Theodist Limited) Buk bilong Pikinini (Tok pisin for “Childrens Books”) An independent charity based in Port Moresby was given a boost from Theodist with a gen...

EU Funded UN Joint STREIT Programme in Papua New Guinea establishes a renewable energy-powered facility to support local government authorities in East Sepik Province, in delivering effective services to rural farmers and entrepreneurs.  With generous support of the European Union, the FAO-led EU STREIT Programme officially opened a new 3 cluster offic...

Certified Practicing Accountants of Papua New Guinea will be hosting their 23rd annual conference with about 400 participants nationwide expected to attend the two day conference organized by CPA PNG in Lae Morobe Province from August 18 to19, 2022 CPAPNG was established in 1974 and has come a long way with a lot of achievements along the way. Over the...

Bank South Pacific's Financial Group Ltd Chief executive officer Mr. Robin Fleming has recently announced that the bank has granted more than K200 million as loans to small to medium enterprises under its credit scheme facility that the then Marape government had released to the bank to support Small to Medium Enterprise (SME) and local businesses during ...

Photo: The Caretaker Cabinet with Governor-General Sir Bob Dadae in Government House Prime Minister Hon. James Marape says he will take no more complacency from heads of Government departments and agencies to move Papua New Guinea forward. He said this in no uncertain terms during a meeting with them on Loloata Island recently (Thursday August 11 20...