K92 Mining Inc. announces that it has commenced preparations to resume underground operations within two days, following the receipt of a letter from the Mineral Resources Authority (“ MRA ”) of Papua New Guinea vacating the Form 29 that was issued on March 13, 2024 (see March 19, 2024 Press Release ). The receipt of the letter vacating Form 29, follow...

Papua New Guinea (PNG) and Australia have embarked on a collaborative endeavour to honour war memorials and enhance tourism prospects. This initiative follows a Memorandum of Agreement signed last year 2023 between the Papua New Guinea Tourism Promotion Authority (PNGTPA), National Capital District Commission (NCDC), and Canada Bay City Council in Sydn...

The National Airports Corporation (NAC) and the Papua New Guinea Tourism Promotion Authority (PNGTPA) have officially signed a Memorandum of Understanding (MOU), solidifying their collaboration in various initiatives aimed at marketing and promoting Papua New Guinea’s tourism potential both domestically and internationally. The MOU outlines key areas o...

Economic growth in the Pacific is projected to moderate in 2024 before picking up in 2025, according to the Asian Development Outlook (ADO) April 2024, ADB’s flagship economic publication, released today. The Pacific economies expanded by an average of 3.5% in 2023 as business activity resumed in earnest after the COVID-19 pandemic. Growth of 3.3% is p...

Prime Minister and Treasurer Hon. James Marape today emphasised the substantial resources his government has allocated to the agriculture sector, surpassing any past government’s efforts. Speaking at the closing ceremony of the two-day Department of Agriculture and Subsector Agencies Meeting in Port Moresby, the Prime Minister stressed the importance of d...

In a strategic move towards increasing accessibility and inclusivity, Wan PNG is pleased to announce the launch of its iOS app. Complementing the existing Android app, this development is a significant step forward in ensuring that Wan PNG's services are available to all users, regardless of their mobile device preferences. Closing the Mobile Market Ga...

The Philippines and Papua New Guinea (PNG) are eyeing possible cooperation on critical minerals and fisheries sectors, Foreign Affairs Secretary Enrique Manalo said Thursday. After his bilateral meeting with PNG Foreign Minister Justin Tkatchenko, Manalo said the Philippines is eager to explore opportunities and “new forms” of partnership with the Paci...

Papua New Guinea (PNG) will maintain its position of last 10 years to not be part of PACER Plus, says the Minister for International Trade and Investment, Hon. Richard Maru. Minister Maru made this statement in his first meeting with the new Australian High Commissioner to PNG, His Excellency John Feakes. Minister Maru said: “I want to make it very cle...

Freeport Resources Inc. is pleased to announce that, with the recent Yandera license renewal through 2025, the Company has commenced an internal project optimization review while discussions continue with potential strategic partners to advance the Yandera Copper Project to Definitive Feasibility Study. “There have been a number of new breakthrough adv...

St Barbara Limited provides the following production update for the March 2024 quarter (Q3 FY24). Simberi produced 17,257 ounces of gold in the March quarter, at an average milled grade of 1.63 g/t Au and gold recovery of 77%. Mill and rope conveyor availability are yet to reach targeted levels, however as anticipated mined grade improved during the qu...

Papua New Guinean shareholders of New Porgera Mine stand to receive well over K26 billion over the 20-year life of the mine, with more than K11 billion expected in the first 10 years, if gold price keeps at its current rate. Prime Minister Hon. James Marape announced this after this latest meeting with Barrick Gold Corporation President and Chief Execu...

James Marape, the Prime Minister of Papua New Guinea and Patrick Pouyanné, Chairman and CEO of TotalEnergies, met together to discuss the status of the Papua LNG project. On this occasion, Patrick Pouyanné reaffirmed to the Prime Minister that TotalEnergies, operator of the project, and its international partners ExxonMobil, Santos, JX Nippon, are full...

Prime Minister Hon. James Marape has met with recently-appointed President and Chief Executive Officer of Newmont, Tom Palmer, in the National Capital recently. Mr Palmer paid a courtesy call on PM Marape at his office in Sir Manasupe Haus to update him on his visit to the country, which is primarily to Newmont’s mining sites to “understand the operati...

Weir, the global leader in technology driven mining solutions and sole manufacturer of Linatex® premium rubber, has introduced new branding to their iconic red rubber. Linatex® premium rubber is renowned for its unparalleled wear life and total cost of ownership benefits, this new enhancement is a definitive stand against imitators selling inferior red ru...

In an empowering move for local agriculture and economic growth, Prime Minister and Treasurer Hon. James Marape has announced a significant K5 million funding to the Markham District Development Authority (DDA) in Morobe. This substantial investment is targeted at the development of the cocoa industry among other economic ventures, aligning with the surge...

Prime Minister Hon. James Marape today extended his gratitude towards Rio Tinto for its diligent efforts in conducting an effective legacy impact assessment for the Panguna mine and its affected communities. The meeting saw the attendance of Rio Tinto PNG Country Director Andrew Cooper, along with Deputy Country Director Cornelius Soagai. Prime Mini...