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...

Photo: Commissioner-General Sam Koim According to Commissioner-General Sam Koim, the Internal Income Commission (IRC) expects to earn roughly K9.3 billion in tax revenue this year. In response to an inquiry, Koim stated that the IRC's income objective had been boosted by around K1.4 billion by the government. “Last year, we collected, in terms of ne...

Geopacific Resources, an Australian mining company, has halted operations on its Woodlark gold and silver project in Milne Bay, Papua New Guinea, as it reviews cost projections and timetables. Geopacific predicted in December that Woodlark's capital costs would almost certainly rise. "Having recently been chosen as chairperson, I am focused on ensur...

“Announcements by investors in Papua New Guinea and the South Pacific has demonstrated a strong international investment intention that will lift economic activities for PNG and the South Pacific in 2022,” says BSP Group General Manager Corporate Bank, Peter Beswick. The rise in business confidence for the year 2022 is attributed to company investments...

The resource sector’s preferred prefabricated modular building supplier, Ark Pacific, commenced 2022 with numerous buildings for multiple clients in its design, engineer, supply and construction pipeline.  The New Year also saw Ark’s production capacity increase by 100 percent, with its main factory now capable of producing 1,000 building modules per mont...

Photo: Built in Singapore, Pacific Towing’s newest ASD tug ‘Koranga’ (60 tonne bollard pull; 4,436 braking horsepower) will be dedicated to harbour towage in Lae.  The company also provides numerous services to PNG’s oil and gas sector. Pacific Towing (PacTow) has expanded its fleet with the purchase of a dedicated harbour tug ‘Koranga’ from Singapore....

Photo: Top left - Ani Topurua, top right - Carolyne Manahave, bottom left - Chantel Christensen and bottom right - Lyndah Brown Ok Tedi Mining Limited (OTML) has announced the appointment of four females to various management roles within the Company as part of its Vision 2025 to increase the number of females in leadership roles. These includes Ani...

The Porgera Project Commencement Agreement (PPCA) formally took effect recently with the execution of the document by its final signatory, Mineral Resources Enga (MRE), marking a significant milestone in the process of reopening the mine. The next critical steps are to sign the Shareholders Agreement, the substance of which along with that of the Compa...