Photo: PM Marape addressing the crowd in Maprik Prime Minister Hon. James Marape says East Sepik has the potential to become the “economic powerhouse” of Papua New Guinea. He said in Maprik recently (June 22 2022) that because of this potential, and in memory of founding Prime Minister the late Sir Michael Somare, the next Government would be formed...

Ok Tedi Mining Limited (OTML) joined the global community to recognise ‘International Day of Women in Mining’ with a special Breakfast hosted by the Ok Tedi Women’s Network (OWN) on 19th June in Tabubil. The event was attended by members of the management team and women employees of OTML and business partners. Keynote speakers at the event included ...

Photo credit: PNGX PNGX Markets - Papua New Guinea’s national stock exchange, XBourse Australia - a leading technology services company specialising in building innovative bespoke solutions for financial markets, and Pacific Capital Markets Development - an Australian company committed to the development of capital markets in the Pacific region, have r...

In the first quarter of 2022, Papua New Guinea welcomed 9845 overseas tourists after the COVID-19 travel restrictions were lifted. Eric Mossman Uvovo, Chief Executive Officer of the Tourism Promotion Authority (TPA), disclosed. He said that in the first quarter of 2022, the country had a 100 percent rise in overseas arrivals, or an additional 4933 p...

A group from the National Fisheries Authority is in General Santos, Philippines, led by board chairman Ango Wangatau, to exchange and gain fisheries expertise and experiences in this region. General Santos is renowned as the Philippines' "Tuna" city capital, and visiting this region provides delegates with first-hand information and improved ideas for ...

The Wafi-Golpu project's State Negotiating Team is thought to be in the final stages of discussions with shareholding companies. However, due to the National General Election, most of the work on the ground has been put on pause. Any development forum procedure that arises following the successful completion of the mining development contract discus...

Photo: Porgera Mine  Given the delayed pace in obtaining stakeholders to sign off on the Porgera Project Commencement Agreement and progress shareholders agreement, the reopening of the Porgera mine is currently on hold. Jerry Garry, managing director of the Mineral Resource Authority, said the State Negotiating Team (SNT) is continuing in talks wit...

Photo: Tenkyu.wara delivered to Angau Hospital “With forward looking vision toward innovation, growth, sustainability and respect for the people and our communities, The iPi Group’s Tenkyu. initiative is an example if this commitment to our people and community. “As we continue to develop, we want to give back to the community whom support us in a mean...

Photo credit: ADB The Asian Development Bank (ADB) today announced a $305 million project which will support the strengthening and expansion of electricity in Papua New Guinea (PNG). The Power Sector Development Project is supported by loans and grants from ADB and the governments of Australia and PNG and will target five subprojects within the main...

Photo: The new Camps and Catering Office and carpark Ok Tedi Mining Limited (OTML) is committed to providing a safe and conducive working environment for its employees and business partners.  Managing Director and CEO Musje Werror made these remarks during the opening of the new Camp Administration office and a cafeteria in Tabubil on the 25th of Ma...

Photo credit: ABG Celebrations began as early as 5am in the Autonomous Region of Bougainville as the region marked its 17th anniversary since the establishment of the Autonomous Bougainville Government. Seventeen years ago on 15 June 2005, the members of the first Bougainville House of Representatives were sworn in under the leadership of the first ...

Photo credit: PNG Chamber of Mines and Petroleum The Mineral Resources Authority (MRA) has commended St Barbara for the application of modern technology in the safe operation of its Deep-Sea Tailings Placement pipeline and in its fleet of heavy equipment at its Simberi mine. MRA Managing Director Jerry Garry, who visited Simberi mine for the very fi...

Photo credit: ADB The Asian Development Bank’s (ADB) transport investments in the Pacific are expected to reach over $1.6 billion, including $115 million in cofinancing, for 22 projects during the 2022–2024 period, according to the latest issue of the Pacific Transport Update launched today. The Pacific Transport Update 2022 provides an overview of ...

Photo credit: Adyton Resources Adyton Resources Corporation is pleased to report that its recent preliminary metallurgical test work program performed by leading Australian metallurgy company Core Metallurgy Pty Ltd confirmed that ROM (‘run of mine”) ore samples from the Gameta deposit upgraded well using a limited range of conditions and produced a co...

Photo: Mining Warden Kopi Wapa addresses local Wapolo Landowners Adyton Resources Corporation is pleased to report that it has successfully completed a Wardens Hearing for the renewal of Exploration Licence EL 2549. The Hearing, which is a mandatory processstep in the renewal for all exploration licenses in PNG, was conducted by senior Mineral Resource...

Photo credit: NFA The National Fisheries Authority (NFA) is focusing on Food Safety, COVID-19, and Pandemic Control Frameworks due to a considerable shift in global trading market requirements. Acting Manager for the Audit Certification Unit, Josephine Komboi, NFA, highlighted the importance of developing the National Fish and Fishery Products Stand...

After 20 years, the Department of Agriculture and Livestock intends to reorganise and construct a corporate and sector strategy. At the 4th World Food Safety Day, Acting Secretary Dr. Nelson Simbiken stated this. According to Dr. Simbiken, the key to reforming the department is to have a Corporate Plan and a Sector Plan, which DAL does not have. ...

Photo credit: Islands Business Although the economy has diversified, agriculture remains the backbone of Papua New Guinea's economy, providing a living for the majority of the people, according to Institute of National Affairs (INA) executive director Paul Barker. Agriculture, according to Barker, will be critical in securing PNG's economic and empl...

According to the Solar Energy Association of PNG, foreign investments in the energy industry are now focusing on green energy, but the country's institutional frameworks are insufficient to take advantage of the prospects. President Christian Lohberger said: “PNG was one of the first countries to sign the Paris Agreement on climate change and under our...

Photo credit: Asian Development Bank International flights will begin shortly at the new K28.8 million Vanimo Airport in West Sepik Province. This new facility was recently inaugurated. The government and the Asian Development Bank are contributing K70.1 million to renovate the airport terminal, runway, and other infrastructure (ADB). The new Van...

Photo credit: Ok Tedi Mining According to the company, Ok Tedi Mining Ltd (OTLM) will complete the shift from current lower grade ore to high grade ore sources, over the next 12 months. Musje Werror, managing director and chief executive officer of OTML, and Roger Higgins, board chairman, said they had hoped to see the transition by the fourth quart...

Photo credit: Ok Tedi Mining Ok Tedi Mining Limited (OTML) in conjunction with Mineral Resources Star Mountain Limited (MRSM) and the Landowners Royalty Trust Limited have launched the Star Mountain Museum Project with an official ground-breaking ceremony on May 25. This project is estimated to cost between K6 million to K7 million and is expected t...

Photo credit: Ok Tedi Mining - Mr Musje Werror The Coronavirus (Covid-19) pandemic hit OK Tedi Mining Ltd (OTML) hard in 2021, creating production losses and incurring significant costs, according to the company. Despite this, according to OTML's annual report for 2021, the company remained profitable, debt-free, and paid a K450 million yearly divid...

Businesses of Papua New Guinea’s private sector have expressed mixed views regarding the country’s economic outlook. The market prognosis, according to Kina Asset Management Ltd, remains unpredictable. In the company's recently issued 2021 annual report, board chairman Sir Rabbie Namaliu emphasised this. “In my last report to shareholders, I note...