The Papua New Guinea Tourism Promotion Authority (TPA) reaffirmed its partnership with Carnival Australia (P&O Cruises) to strengthen Papua New Guinea’s (PNG) growing cruise sector on Monday 9 December in Sydney, Australia. TPA’s Chief Executive Officer (CEO), Eric Mossman Uvovo, met with Carnival Australia’s Vice President, Peter Little, to reaffi...

The Minister for International Trade and Investment, Hon. Richard Maru described his recent meeting with the full Board and Management of Mayur Resources at the margins of the Papua New Guinea (PNG) Investment Week in Sydney as “highly satisfactory”. Minister Maru said: “The meeting allowed me to clarify to Mayur Resources a lot of issues that the Stat...

A Santos Foundation program committed to changing attitudes towards family and sexual violence, and supporting survivors in Papua New Guinea, has won international recognition for its life-changing impact at the Platts Global Energy Awards in New York. A Santos Foundation program committed to changing attitudes towards family and sexual violence, and s...

Ok Tedi Mining Limited (OTML) is on track to generate US$1.5 billion (K5.8 billion) in revenue for 2024. This is a significant increase from 2023 (31%), 2022 (45%) and 2021 (98%). Managing Director & Chief Executive Officer, Kedi Ilimbit, announced the record revenue at the 2024 PNG Chamber of Resource & Energy Investment Week Conference in Syd...

Ok Tedi Mining Limited is expected to generate K40 Billion in social benefits, taxes, royalties and dividends to its shareholders over the next 26 years. Managing Director & Chief Executive Officer, Kedi Ilimbit, revealed this recently during his presentation at the 2024 PNG Chamber of Resource & Energy Investment Week Conference in Sydney, Aus...

Santos has improved facility reliability of its assets to more than 97 per cent this year with production seeing record days, weeks and months. This was announced recently by Sigurdur Jonsson, Santos Vice President for PNG Operations during the 2024 PNG Investment Week in Sydney. “In our efforts to optimise maintenance strategies, we thoroughly exam...

Prime Minister Hon. James Marape has recently (11.12.24) announced his government’s decision to partially privatise PNG Power Ltd amidst Government’s further decision to open up other parts of the country to independent power suppliers. Prime Minister Marape told the PNG CORE Investment Week in Sydney that Cabinet has approved the decision in one of it...

The internal revenue sup-porting Bougainville’s recurrent and development budgets is only at 7 percent and must be raised to over 50 percent to adequately support the Special Re-gion’s autonomous restructure aspirations. Prime Minister Hon. James Marape revealed this recently (11.12.24) in Sydney dur-ing the PNG Investment Week as he asked for greater ...

The Government of Papua New Guinea, has initialed a landmark Gas Agreement with Twinza Oil Ltd, the operator of the Pasca offshore gas project. This transformative agreement paves the way for the development of Papua New Guinea’s first offshore petroleum project, located off the coast of Gulf Province. It will be submitted to the National Executive Counci...

In an era where cyber threats are evolving at an unprecedented pace, one company has stood out in its unwavering commitment to securing businesses across Papua New Guinea and the Pacific Islands. For over ten years, Sprint Networks has been at the forefront of designing and implementing secure data networks, earning the trust of prominent financial ins...

Mayur Resources Limited (Mayur) is pleased to announce the signing of a Binding Term Sheet Agreement with Pacific Unison Holdings Limited (PacUn) to complete the first development phase of the Orokolo Bay Industrial Sands Project (OBP) in Papua New Guinea. Under the binding agreement, PacUn has committed to fully fund the construction and commissioning...

The Autonomous Bougainville Government has welcomed the successful completion and delivery of the final Phase 1 Assessment Report of the Panguna Mine Legacy Impact Assessment (PMLIA) as a step forward in addressing longstanding environmental and social issues stemming from the Panguna Mine. The report, conducted by independent scientific experts at Tet...

In high-stakes environments such as mining and shipping, where workers often operate in challenging conditions, the importance of oral health is frequently overlooked. However, maintaining healthy teeth and gums is not just about having a bright smile; it plays a crucial role in overall employee health, productivity, and cost-effectiveness. Investin...

Tropicair is making significant advancements in its operations with the return of its VIP/Medivac CJ3 jet, fully refurbished and ready for service in late November. This aircraft stands out as the only jet within the Pacific region equipped for medical evacuations, emphasizing its vital role in emergency medical services. Based in Port Moresby, the ...

Great Pacific Gold Corp. is providing a corporate update on its Wild Dog Project, its ongoing diamond drilling program at the Kesar Project and its recently held Annual General Meeting. Highlights GPAC executive team recently visited Kesar and Wild Dog  Kesar Anteruno diamond drilling program progressing well:  ~1,000 meters of drilling c...

Bank of Papua New Guinea (BPNG), on behalf of the Green Finance Centre (GFC), has signed a significant memorandum of understanding (MoU) with the International Finance Corporation (IFC) and the Securities Commission of Papua New Guinea (SCPNG) for establishing the foundations of a thematic bond market in PNG and developing the next version of BPNG’s Inclu...