Photo credit: Department of Agriculture and Livestock The PNG Agriculture Commercialisation and Diversification Project will get US$40 million (K120 million) in financing from the World Bank. The money will help 12 provinces that have been identified establish competitive and varied agricultural value chains for specific commodities like coffee, coc...

Photo credit: Laga Industries Paradise Company Chairman, Mr. Anthony Smaré was in Lae to open the new Laga Industries Ltd. Administration offices during the Board of Directors meeting being held in Lae. The purpose-built building accommodates all the Finance, HR and IT teams in a modern facility including visitor and meeting rooms. The previous admi...

In addition to other topics, Papua New Guinea will speak at the second United Nations Oceans Conference in Lisbon, Portugal, about the recently authorised Global Climate Fund component. Other issues PNG will bring up include the passing and implementation of maritime transportation legislation, particularly the usage of the Jomard Passage by large vess...

According to Reg Monagi, chairman of Nambawan Super Ltd (NSL), global inflation is increasing swiftly and rising living expenses. It was one of the difficulties experienced this year, according to Monagi, who spoke at the NSL employers' conference in Port Moresby. “The global market has been volatile as (it) reacts to the Ukraine-Russia conflict, re...

Photo: Minister John Simon According to Minister John Simon, the Department of Agriculture and Livestock has the capacity to give the country economic independence within the next five to ten years. He claimed that around 90% of those who reside in rural areas are actively engaged in agriculture. The goal of the government is to increase output and ...

Photo credit: CPL Group - Mr. Navin Raju For its 2021 financial year results, The City Pharmacy Group Limited recorded a trading profit of K23 million. Despite fiercer competition, significant increases in the cost of goods, freight charges, and COVID-19, this represents a 6% gain over 2020. A 4 toea per share full and final dividend has also bee...

Photo credit: Papua New Guinea Today The National Agriculture Quarantine and Inspection Authority has launched its 10-year biosecurity policy 2022-2032, the first for the authority and the country since Independence. The policy will put an emphasis on easing trade inside the nation while also addressing the problems and difficulties the nation faces...

Photo credit: Hidden Valley Mine Senior executives from Harmony’s offices in South Africa visited PNG last month to tour company assets and meet with Prime Minister James Marape to emphasise the company’s continued commitment to invest and grow in the country. Harmony’s Financial Director, Boipelo Lekubo, and Senior Group Executive: Enterprise Risk ...

Epiroc has won a large order for mining equipment from Rio Tinto in Australia.  Rio Tinto, one of the world’s largest mining companies, has ordered several Epiroc Pit Viper 271 drill rigs that will be retrofitted by Rio Tinto with autonomous capabilities, as well as SmartROC D65 drill rigs that also are loaded with intelligent features. They will be us...

Photo: Stefano Mocci, Country Manager for the World Bank in Papua New Guinea The World Bank’s Board of Executive Directors has approved three new projects with a combined commitment of over US$200 million (PGK722 million). The projects will support Papua New Guinean communities through major upgrades to key roads, tackling malnutrition and stunting, an...

Photo: Mr Lucas Alkan The PNG economy stands to make a quick recovery and growth can pick up this year if the Government acts early to facilitate recovery in a fragile environment as the country slowly recovers from the Covid 19 challenges, according to the PNG EITI. Head of the PNG Extractive Industry Industries Transparency Initiative Mr Lucas Alk...

In a bid to enable farmers to put into practice skills acquired during capacity-building trainings, the EU Funded UN Joint STREIT PNG Programme has started distributing tools and materials that will enable rural communities to improve their husbandry practices in cocoa and vanilla blocks. This intervention which started in May has so far distributed to...

Photo: Vulco® R63 mill liners installed in the JHP ball mill processing silica Weir Minerals has developed a custom-engineered mill lining system with Vulco® R63 rubber liners for James Hardie Philippines (JHP), a regional manufacturing hub of the global leader in fibre cement production, James Hardie™. Due to a substantial increase in demand for t...

Photo: The Wantok Shop - Crowne Plaza Residences Port Moresby The ‘Grim Jordan’ paintings on exhibition at the Crowne Plaza Residences Port Moresby, are on display both within the hotel and at the Port Terrace Restaurant & Bar. The unique art pieces showcase a mixture of local traditional culture intrinsically woven into a contemporary and quite de...

Photo credit: Newcrest Mining According to Dr. John Kuwimb, managing director of Kumul Minerals Holdings Ltd (KMHL), the government plans to exercise its option to acquire up to the full 30% equity in the K18.5 billion Wafi-Golpu project in Morobe. Kuwimb stated that KMHL was looking forward to taking part in upcoming projects, particularly those in...

Photo credit: Kumul Mineral Holdings According to a representative, a new company will be established as soon as Mineral Resources Enga (MRE) signs the shareholders' agreement for the new Porgera mine. Kumul Mineral Holdings Ltd (KMHL) managing director Dr. John Kuwimb said: “The moment they sign it, we will move to the next stage (which is) the inc...

Local contractors of Porgera Joint Venture (PJV) and others benefitting from the Porgera mine lost around K110 million since the mine closed two years ago, an official says. According to Nickson Pakea, head of the Porgera Chamber of Commerce and Industry, there were about 700 small-to-medium-sized businesses (SMEs) and 176 contractors affected. “Mos...

The rise of flights into particular provinces and the influx of people into the province are projected to boost domestic tourism in the coming months. According to Eric Uvovo, Chief Executive Officer of the PNG Tourism Promotion Authority (TPA), Domestic travel, he said, is projected to see a significant spike in domestic tourism now that the Nation...

The PNG Extractive Industries Transparency Initiative has praised the Mineral Resources Authority's and mine operators' efforts in developing a digital platform that would give real-time mineral data from all of the country's main mines. According to Lucas Alkan, the National Secretary of the PNG Extractive Industries Transparency Initiative (PNGEITI)....

Photo credit: PNG Haus Bung The National Airports Corporation has inked an agreement with the Port Moresby Technical College to provide students with job opportunities. The MoU is the first of its sort for NAC with a national training institute, according to managing director Rex Kiponge. He stated that NAC and Port Moresby Technical College will...

The funding will be used to rehabilitate six of the 15 ports in Daru, Kavieng, Kimbe, Lae, Lorengau,   Oro Bay and highlands Inland Freight Hub.

Photo credit: Mayur Resources - Project Locations Mayur Resources Limited has executed an Expression of Interest (EOI) with Santos Ventures Pty Ltd, a subsidiary of Santos Limited, to jointly develop a portfolio of nature-based carbon offset projects in Papua New Guinea. Under the terms of the EOI, Mayur has agreed to provide Santos with an exclusiv...

EU Funded UN Joint STREIT PNG Programme, as part of its mission to support efforts towards reducing rural poverty, is engaging local communities with a focus on struggling single parents as a support workforcefor maintenance of 18 selected farm-to-market roads in the Sepik region. Led by the International Labour Organization (ILO), the creation of thes...

Photo: Leon Buskens, Santos Country Chair PNG meeting the 25 new apprentices in Port Moresby before their departure to the Institut Teknologi Petroleum Petronas (INSTEP) in Malaysia. Joining Mr Buskens and the apprentices are members of the Santos Training and People & Culture Teams. Santos is helping to equip Papua New Guinea’s next generation of ...