Photo credit: Mayur Resources - Central Cement and Lime Project - Decarbonisation Roadmap Mayur Resources Limited has executed a Collaboration Agreement with ASX listed First Graphene Ltd for the development of graphene derived additives for cement manufacturing specific to low carbon cements and Portland Limestone Cements (PLC). The intent of the Agre...

Photo credit: Santos Ltd Santos has joined the Papua New Guinea Government and P’nyang project participants (affiliates of ExxonMobil and JX Nippon) to execute a gas agreement that provides a clear framework for P’nyang’s future development. The signing of the gas agreement marks a major milestone for the project, setting out the fiscal framework an...

Photo: Simberi Mine St Barbara Limited notes the COVID-19 pandemic infection rates across the Tabar Island group have increased significantly, impacting the local communities and our workforce. While gold production at Simberi Operations continues, ramp-up of mining operations is not achieving target rates and uncertainty remains as to when full workfo...

Photo: Pacific Towing’s recent ISO certifications – ISO:9001 (Quality), ISO:45001 (OH&S), and ISO:14001 (Environment) – reflect its marine services market leadership in not just PNG but broader Melanesia.  Pictured is a PacTow tug and linesboat assisting the berthing of US naval vessel ‘USS Charleston’ for refuelling purposes. Marine Services compa...

Prime Minister Hon. James Marape, MP has announced that his Cabinet has cleared the P’nyang Gas Agreement, which now awaits signing between the State and ExxonMobil who is the lead project developer of the Petroleum Retention License (PRL) 3. The Prime Minister said: "When I took office in mid-2019, I committed to the nation better results from resourc...

Santos recently announced its full-year results for 2021, reporting record free cash flow of US$1.5 billion and underlying profit of US$946 million. The results reflect significantly higher oil and LNG prices compared to the corresponding period due to the recovery in global energy demand combined with supply constraints across the industry due to lower c...

Photo credit: K92 Mining Inc K92 Mining Inc is pleased to announce results from the first two surface holes at Kora South and Judd South and from the property-wide airborne geophysics program at the Kainantu gold mine in Papua New Guinea. This is the first time that drilling at Kora South and Judd South had been undertaken from surface by either K92 or...

Photo credit: Geopacific Resources - Mining lease exploration target areas Chief Executive Officer, Tim Richards, said: “The drilling campaign continues to deliver exceptional results. Grade control drilling supports our view that there is considerable upside potential within the existing pit shells, whilst first results from resource extension drillin...

Photo credit: Tech Pacific - PNG Treasurer Ling-Stuckey Concludes Negotiations with Testra CEO , Andy Penn  According to Treasurer Ian Ling-Stuckey, modernizing Papua New Guinea's telecommunications industry can assist the country's economy to evolve. Ling-Stuckey stated in discussions with Telstra chief executive officer Andy Penn in Melbourne earl...

Photo: Bank of Papua New Guinea According to a top official, the volume of foreign exchange in Papua New Guinea increased over a six-month period last year. Benny Popoitai, the acting governor of the Bank of Papua New Guinea, said this was mainly owing to the World Bank's budget assistance loan, liquefied natural gas (LNG) tax collections, and donor...

Photo credit: David Shields According to an official, the reopening of the Porgera mine would allow the Enga Women in Agriculture Association (Ewaa) to produce honey and vegetables. Margaret Potane, the president of Ewaa, said the organization's goal was to get women in the province involved in honey production. “Following the signing of the agre...

According to Justin Ilakini, acting managing director of the National Fisheries Authority (NFA), the government needs favorable rules in place to entice vessels to fish in the country's fishing zones under the Papua New Guinea flag. According to Ilakini, this will boost the country's development of a viable fisheries industry. In recent years, he ad...

Photo: Napa Napa Oil Refinery in Port Moresby Puma Energy PNG, the country's largest fuel and energy provider, claims that changes in crude prices have a direct influence on energy market import parity pricing. Import parity pricing is a pricing mechanism used by goods providers to establish prices for their domestic sales to domestic consumers base...

Improved availability of disease- and pest-resistant crops, as well as nutritious crop types, is helping the ABG Department of Primary Industries boost its food systems. Through the Pacific Regional Integrated Food and Nutrition Security Program to COVID-19 project, this initiative is being carried out in collaboration with the Pacific Community Land R...

The Simbu Provincial Government has signed a K850,000 project agreement with the National Fisheries Authority to build a new training and office facility in Kundiawa. More than 23,000 inland fish farmers in the province will benefit from the facility's basic instruction on how to manage and expand their fish farms. The agreement will see NFA pay for...

Walter Schnaubelt, the country's new Civil Aviation Minister, is committed to improving the country's aviation industry. It is reported that the new minister is interested in knowing what hurdles and difficulties are being faced by the aviation sector participants so that they can adjust and improve within a short period of time, according to him. B...

Landowners from the Panguna Mine area and the Autonomous Bougainville Government have reached a joint resolution to re-open the Panguna Mine. The joint resolution was signed by clan chiefs and representatives from the five major clans of the Panguna area – Basikang, Kurabang, Bakoringu, Barapang and Mantaa. The signing took place at the end of a thr...

Photo: CIC Acting Chief Executive Officer Charles Dambui (seated left) and CEFI Executive Director Saliya Ranasinghe sign the MoU Documents. Witnessing the signing are CIC Company Secretary Wilma Banake (left standing) and CEFI Head Trainer Jill Pijui. The Coffee Industry Corporation (CIC) recently signed a Memorandum of Understanding with the Centre o...

Photo credit: Adyton Resources. Figure 1 - Feni Island – showing Kabang drilling area – other prospects also shown Adyton Resources Corporation is pleased to report the Exploration License at its 100% owned Feni Island Project (Feni) in Papua New Guinea has been renewed for a two year period from August 2020.  Adyton Resources CEO, Mr Tim Crossley, ...

Hon. ABG President Ishmael Toroama has urged the Panguna Landowners to collaborate with the government to ensure Bougainville's political and economic independence. President Toroama delivered this declaration today at the Panguna Chief Summit in Central Bougainville at Tunuru Catholic Parish. President Toroama stated that the moment has come for Bo...

Photo credit: Department of PM&NEC Marape was pleased with the overall conclusion of the visit, which re-establishes, confirms, and enhances PNG's strong ties with China. He said this following a historic Saturday evening virtual meeting with Chinese Premier Li Keqiang. The two Leaders reiterated and announced a considerable set of deliverables ...

Petroleum Minister Kerenga Kua attended a virtual meeting in Beijing with Snr Vice President of Chinese Petroleum Giant SINOPEC. Minister Kua accompanied Prime Minister James Marape to Beijing and held a separate meeting to discuss various aspects of PNG's petroleum business, including how SINOPEC can best partner in upstream and downstream processing ...

According to Fisheries Minister Dr Lino Tom, the signing of the Trade Protocol Agreement for the export of Live Marine Products to the Chinese market was a success. Minister Tom expressed his delight, adding that the Fisheries Sector's trip to China with Prime Minister James Marape was a success. ''We successfully signed the Trade Protocol Agreement...

Hon James Marape has praised and congratulated China's leadership for allowing for a very beneficial interaction to extend their country's continuous interest in Papua New Guinea's oil and gas industry, notably in two of the country's most important gas projects, Papua LNG and P'nyang. This was expressed by the Prime Minister in reference to discussion...