Mayur Resources Ltd has declared that it will engage a partner to expand its Central cement and lime project. According to the company's half-year report, which concluded December 31, it will make a final investment decision this year. This year, the group will concentrate on: Bringing on board a strategic development partner for the project, ...

Photo: PM Marape announcing the good news in Parliament recently. Picture courtesy of PARLIAMENT MEDIA In the midst of the worldwide crisis caused by the Russia-Ukraine war, James Marape claims that the Bank of PNG has the largest amounts of foreign exchange ever, totaling more than K10 billion. This is in sharp contrast to the O'Neill era, when for...

Hon. Prime Minister James Marape says he wants Madang to become a pillar of Papua New Guinea's economy. He addressed this in front of hundreds of people at Walium Station in Usino-Bundi when announcing K100 million in financing for the Pacific Marine Industrial Zone (PMIZ). PM Marape said that hundreds of millions of kina for the PMIZ had been spent...

St Barbara Limited now expects Simberi will produce between 25-30koz at an AISC of $3,200-3,600 per ounce in FY22. Group FY22 production has been updated to 275-290koz and AISC of $1,750-1,870 per ounce. Guidance for Leonora and Atlantic remain unchanged.  St Barbara Limited withdrew guidance for its Simberi operations on 18 February 2022 due to signif...

According to Coffee Industry Corporation Ltd (CICL) board chairman Jerry Kapka, the increase in the levy on green bean coffee exports from 10t to 20t per kilogramme is reasonable. “The increase is not same as 10t administrative levy. With the current scenario facing the coffee industry, the board has seen the need to have a reserved funding source assi...

Senior executives from Newcrest flew into Kavieng to pay Governor Sir Julius Chan and his administration a courtesy visit. Sandeep Biswas, the managing director and CEO, was joined by Stanley Komunt, the national manager, Tim Bryson, the strategic engagement manager, and Felix Kipalan, the environment, social, and government manager. Discussions cen...

Photo: Rocky Roe - ABC According to Ambassador Jernej Videtic, the European Union (EU) is willing to provide Papua New Guinea with hundreds of millions of Kina to help the country complete its forestry reforms. “Some of the areas that the EU will help are in environmental data management for carbon trading, knowledge management, green jobs and growt...

Photo: The Usino Junction along the Ramu Highway. To the left is Madang, to the right is Ramu Valley leading on to Markham Valley, and the road in the middle is to Ramu Nico. Hon. Prime Minister James Marape has announced that a K159 million contract for the Ramu Highway in Madang has been awarded, as well as a K43 million contract to expand the North ...

Ian Tarutia, president of the Papua New Guinea Chamber of Commerce and Industry, is pleased to hear that the Porgera Mine will reopen next month. “The closure two years ago and its consequences had an adverse impact on the country’s economy in terms of foregone tax revenue, royalties and unemployment of more than 3,000 workers,” he said. “We are hop...

Synertrex® Monitoring Centre in South Africa Weir Minerals, a leading supplier of equipment and services to the mining industry, and AVEVA, a global leader in industrial software, driving digital transformation and sustainability, have signed a digital business framework for strategic cooperation. The objectives of the agreement include: Digit...

Photo credit: Bougainville Copper Limited The Panguna Mine Legacy Impact Committee held its second meeting early this month in preparation towards the detailed impact assessment set to commence in mid-2022. The Committee heard a presentation from the technical consultant Tetra Tech Coffey where they presented their initial findings and recommendatio...

Photo: Everett Chue (on right) at Pacific Industries Head office Port Moresby Since its birth in 1936 as Gabriel Achun Bottling Co. Pacific Industries Ltd has emerged as a catalyst for social interaction through the manufacturing of food and beverages mainly by producing fast-moving consumer goods and distributing leading international brands. Their pr...

Timothy Masiu, the Papua New Guinea Minister for Information and Communications Technology, has welcomed the National Information and Communications Technology Authority's (NICTA) decision to give formal written consent on the transfer of license rights to Telstra as a result of Digicel Pacific's proposed acquisition, particularly on Digicel PNG Limited a...

When the Porgera mine reopens, Papua New Guinea Prime Minister James Marape says 3,500 former employees would be given "first consideration for jobs." According to him, the government had requested that all former mine personnel be given priority consideration. Marape was responding to a question about the Porgera Mine and Allied Workers Union urging t...

The Centre for Excellence in Financial Inclusion (CEFI) has been certified by the National Training Council (NTC) to conduct Courses in Financial Literacy. At an official presentation on March 07, NTC presented CEFI its Certificate of Registration to conduct Training. NTC also presented CEFI ‘Accreditation of Courses’ Certificate that will allow CEF...

Photo credit: Geopacific Resources - Figure 1: Kulumadau cross section Geopacific Resources Ltd is pleased to provide further updates on its successful grade control and resource extension drilling at the Woodlark Gold Project. Chief Executive Officer, Tim Richards commented  “The grade control drilling campaign continues to deliver encouraging...