Australian gold producer St Barbara Limited has returned to underlying profitability in the first half of FY2026, while expanding mineral resources at its Simberi Operations in Papua New Guinea and advancing a fully funded pathway for the New Simberi Gold Project. For the six months to 31 December 2025, the group reported an underlying net profit after...

South Pacific Metals Corp. has bolstered its 2026 exploration campaign at the Ontenu prospect in Papua New Guinea by contracting a second drill rig, the company announced on 18 February. The additional rig is expected to arrive on site within approximately two weeks and will work alongside the company’s existing drill to step up testing across multiple ta...

K92 Mining Inc. on 18 February announced high-grade results from ongoing underground diamond drilling at its Kora, Kora South, Judd and Judd South deposits, as well as the first results from its Kora Deeps and Judd Deeps targets at the Kainantu gold mine in Papua New Guinea. The company said drilling has expanded a near-mine infrastructure dilatant zon...

The Papua New Guinea Chamber of Resources & Energy (PNG CORE) has welcomed the inaugural meeting of the National Petroleum Authority (NPA) board, held in Port Moresby, describing it as an important step toward strengthening governance in the country’s petroleum sector. PNG CORE interim executive director Philip Samar commended the new leadership te...

Nambawan Super Limited (NSL) has received a K50 million payment from the State toward outstanding rental arrears for several properties occupied by government agencies, marking what the fund described as a critical step in resolving a two-year debt. In a statement, NSL said the payment followed constructive discussions with the Government through the D...

 The Autonomous Bougainville Government (ABG) has clarified its position on Bougainville Copper Limited (BCL) and the redevelopment of the Panguna mine, following questions over recent partnering arrangements. The ABG confirmed that Bougainville now holds a 72.9 per cent shareholding in BCL, split evenly between the ABG and Bougainville Minerals Limite...

The Mineral Resources Development Company (MRDC) participated in the Ministry of International Trade and Investment Stakeholders High-Level Planning Workshop in Lae, Morobe Province on 16 February 2026. Deputy CEO and Chief Investment Officer John Tuaim presented MRDC’s vision to transform the East New Britain township of Kokopo into the regional touri...

Steamships is pleased to announce the appointment of Damian Cooper as Head of Division for Steamships Hospitality. Managing Director Chris Daniells said: “Damian joins us at an exciting time as we continue to strengthen and grow our hospitality portfolio. Damian’s deep operational expertise, development background and strategic vision will play a criti...

Westpac PNG is proud to officially announce the 2026 launch of the country’s most prestigious recognition programme, the Westpac Outstanding Women (WOW) Awards. Established in 2002 to honour exceptional women making significant contributions across business, government, community, education and social development, the Westpac Outstanding Women Awards r...

 Kumul Petroleum Holdings Limited, Hevehe Petroleum Limited and Twinza Oil (PNG) Limited have signed a Memorandum of Understanding (MoU) to jointly investigate gas aggregation opportunities in the Gulf of Papua. The agreement provides a framework for the parties to undertake joint studies and evaluate the technical and commercial feasibility of aggrega...

 The PNG Chamber of Resources & Energy will deliver two major events in 2026, providing platforms for dialogue, collaboration, and investment engagement across Papua New Guinea’s key resources sectors. PNG Resources Week APEC Haus, Port Moresby 29 June – 16 July 2026 Register your interest: https://pngcmp.eventsair.com/2026.../prw26eoi...

Weir, a global leader in mining technology, has successfully installed China’s largest mill circuit slurry pump. The order includes six WARMAN® MCR® 650 pumps and two WARMAN® MCR® 750 pumps. The site, located in the Tibet Autonomous Region (TAR), sits 5,300 metres above sea level. The thin air and freezing temperatures create a complex operating enviro...

Continuing its commitment to developing local talent, Steamships is delighted to commence its 2026 Graduate Development Program (GDP), welcoming nine new graduates into the program while also celebrating the successful completion of the program by the 2022 cohort. Managing Director of Steamships, Chris Daniells, said, “We are pleased to welcome the 202...

At his first appearance on the Nasfund–FM100 Talkback Show this month, Nasfund CEO Rajeev Sharma announced two major milestones set to reshape member and employer  engagement in 2026.  Nasfund is preparing to deliver its first multi-location Employer Conference, scheduled  for 25th March 2026. This annual event will be streamed live from a central loca...

Datec PNG has appointed Preetam Talukdar as acting chief executive officer effective 12 January, following the departure of former acting CEO Russell Tato. Talukdar, who currently serves as chief operating officer, brings extensive leadership experience across technology, telecommunications and enterprise ICT solutions in Papua New Guinea and the wider...

Acting Minister for Information and Communications Technology Peter Tsiamalili Jr. formally closed a week-long programme on international cyber law and cybercrime cooperation, calling it a pivotal step in Papua New Guinea’s digital development pathway. The workshop, held at APEC Haus from 9 to 13 February, brought together government agencies, internat...