Prime Minister Hon. James Marape has reinforced his government’s strong commitment to securing a fair and beneficial agreement for Papua New Guinea in the development of the Wafi-Golpu mine. Addressing Parliament, the Prime Minister provided an update on the status of negotiations, confirming that discussions are in the final stages, with only three key i...

Prime Minister Hon. James Marape has reaffirmed his government’s unwavering commitment to the Bougainville peace process, emphasising the significance of the 2001 Bougainville Peace Agreement (BPA) and the necessity for continued dialogue between Papua New Guinea and Bougainville. Speaking at the opening of the First Joint Consultation Meeting with Bou...

Four out of five tourists who visited Papua New Guinea in 2024 were satisfied and are willing to return to the country and would recommend it to other tourists, according to the annual PNG International Visitor Survey (IVS) Report released this month. About 86 percent of the survey respondents recommended PNG and 89 percent said they were willing to co...

Ok Tedi Mining Limited (OTML) is encouraging its Business Partners, Trust and Royalty associations to invest back into OTML operations for the benefit of the people of Western Province, especially the impacted regions under the Mine Village communities and the Community Mine Continuation Agreement (CMCA) communities. OTML Managing Director and CEO Kedi...

Following the recent announcement of its Energy Transition Policy, the Papua New Guinea Chamber of Resources and Energy (PNG CORE) provides further details on this initiative, which focuses on promoting sustainable energy practices and addressing climate change. This policy underscores PNG CORE's commitment to facilitating a just and equitable transiti...

In celebration of International Women’s Day 2025, the European Union (EU) has signed two new Human Rights thematic grant contracts to support women’s economic empowerment in Papua New Guinea (PNG). The initiative aligns with the United Nations’ global theme, “For ALL women and girls: Rights. Equality. Empowerment,” which aims to accelerate action towar...

The Papua New Guinea Extractive Industries Transparency Initiative (PNGEITI) convened a Beneficial Ownership (BO) Technical Working Group meeting, bringing together key stakeholders to discuss strategies for enhancing BO transparency within the extractive sector. Representatives from the Bank of Papua New Guinea’s Financial Analysis and Supervision Unit (...

The Autonomous Bougainville Government (ABG) has imposed a moratorium on new foreign investments in business sectors reserved exclusively for indigenous Bougainvilleans. This directive, issued under the authority of the Minister for Commerce, Trade, Industry and Economic Development, Hon. Patrick Nisira, is in line with Bougainville Executive Council (...

Prime Minister Hon. James Marape has announced that the National Executive Council (NEC) has approved the National Palm Oil Policy 2025-2030 during its meeting on Monday, 10 March 2025. The Prime Minister commended the Minister for Oil Palm, Hon. Francis Maneke, and the Oil Palm Industry Corporation (OPIC) for their leadership in driving the policy for...

The Papua New Guinea Chamber of Resources & Energy (PNG CORE) successfully hosted a media briefing on Benefit Sharing Agreements in collaboration with ABC International Development - Media Development Initiative, PNG (ABC-MDI) on Friday, March 7, 2025, in Port Moresby. This media briefing provided valuable insights on Benefit Sharing Agreements (BS...

Papua New Guinea’s PNGX Group Limited (“PNGX Group”) and Fiji’s South Pacific Stock Exchange Pte Limited (“SPX”) have together released a Request For Proposal (“RFP”) for an integrated Trading Platform and Central Securities Depository solution for the Pacific stock exchanges. The release of the RFP follows PNGX and SPX entering into a Memorandum of Un...

The PNG Chamber of Resources & Energy (PNG CORE), in collaboration with the Mineral Resources Authority (MRA), participated in the 2025 Prospectors & Developers’ Association of Canada (PDAC) convention, held in Toronto, Canada, from March 2-5. PDAC is the world's largest mining conference, attracting over 27,000 delegates and featuring more tha...

Parliament recently (12.03.25) passed two laws for the establishment and operation of the National Petroleum Authority (NPA), a new body that will take over as the regulator of the petroleum sector in the country. The National Petroleum Bill 2025 was voted 84 to 0 into law, while the Oil and Gas Act Amendment Bill 2025 was passed on voices. Both bills ...

Sago Network announces the appointment of Mr Douveri Henao as Patron for the community development organisation which has a focus on improving the health of PNG’s villages through water, sanitation and hygiene programmes. This announcement is made after Mr Henao officially agreed to the 2-year role on 25th February 2025. Sago Network’s board of directo...

In a significant step toward improving early childhood education in Papua New Guinea, a brand-new Early Library Learning Central has officially opened through the generous support of Lae Biscuit Company Ltd through its charity arm, The Chow Foundation, in partnership with Buk Bilong Pikinini. This initiative aims to provide young children with access t...

Papua New Guinea’s mineral exploration and mining sectors are once again on display at the Prospectors & Developers’ Association of Canada (PDAC) 2025 convention, in Toronto Canada, this week (March 2-5). The PDAC is the world’s premier mineral exploration and mining convention, that attracts about 30, 000 attendess from over 130 countries annually...