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...

Prime Minister Hon. James Marape recently announced the Government’s determination to diversify Papua New Guinea’s fuel sources. This announcement came upon his return from a two-day visit to Singapore, where discussions were held with Puma Energies, the nation’s primary fuel supplier, and various other potential suppliers. The Prime Minister announced...

Santos is proud to partner with Telikom PNG in developing an evolving telecommunications landscape in the LNG and Santos project facilities and communities through a 10-year partnership. A Co-Location Agreement was signed between Telikom PNG CEO, Amos Tepi, and Santos Country Chair PNG, Leon Buskens this week in Port Moresby. This collaboration will be...

The Tourism Promotion Authority (TPA), through the International Visitor Survey (PNG IVS 2023) has reported a total of USD 120 million (PGK 400 million) generated by visitors travelling into Papua New Guinea last year. TPA’s 2023 Visitor Arrival Report and PNG International Visitor Survey Report revealed a notable surge in tourism, a 116 percent increa...

When it comes to producing, supplying and distribution of high-quality construction materials and project construction, look no further, as Monier Limited provides internationally recognized standards of services, contributing to the development of Papua New Guinea over the past 60 years. What sets Monier apart in PNG is its growth, experience, and exp...

The 39th Australia Papua New Guinea Business Forum and Trade Expo is set to bring together senior business and government representatives in an atmosphere away from the usual grind of daily business. Registrations are open for the event, which is to be held on Mon 13-Wed 15 May 2024, at the Sheraton Grand Mirage Resort, Gold Coast, Queensland. This eve...

In a significant development for tourism along the historical Kokoda Track, Tourism Promotion Authority’s (TPA) Chief Executive Officer, Eric Mossman Uvovo, was sworn in as the Deputy Chairman of the Kokoda Track Special Purposes Authority’s (KTA) Management Committee during a ceremony held at Stanley’s Hotel on Tuesday, March 19, Port Moresby.  The sw...

The Mineral Resources Authority (MRA) on Friday March 22, 2024, played host to a delegation from the Department of Mines of the Southern African country of Botswana. The MRA Managing Director Jerry Garry, welcomed the delegation and presented an overview of PNG's mining industry and the MRA and its functions. The delegation comprised of the Director...

After 50 years of diplomatic relationship between the Independent State of Papua New Guinea (PNG) and the Republic of the Philippines, the Trade Ministers of both countries have agreed for the first ever Trade Committee Meeting between the two countries to be held in Manila on June 17-18, 2024. The PNG Minister for International Trade and Investment, Hon....

The National Executive Council (NEC) in its Decision No: 43/2024 approved for Tony Blair Institute for Global Change (TBI) to be officially invited to visit Papua New Guinea (PNG) for exploratory discussion to open an office in PNG. This is following a very strong representation made by the Global Managing Director of the TBI, Mr. Michael McNair in a meet...

A shipment of diesel and Jet A1 was recently discharged at NapaNapa to assist the country address its current fuel shortage crisis. The National Government, under the Essential Services Act and through an NEC decision, mandated Kumul Petroleum Holdings to find commercial solution to help the country manage the energy crisis. KPHL took over a shipment o...