Live cattle import is not the best option to develop the cattle industry in Papua New Guinea; It is a risk rather than good, says the Minister for International Trade and Investment, Hon. Richard Maru. Minister Maru was making a reference to a news article published by Post Courier (Tuesday, June 27, 2023) on the Livestock Development Corporation’s (LD...

PNGX, Papua New Guinea’s national stock exchange, has adopted a new Corporate Governance Code for Listed Issuers following public consultation. PNGX, the national stock exchange of Papua New Guinea, is proud to announce the adoption of its new comprehensive Corporate Governance Code. This groundbreaking initiative aims to provide guidance to the Boards...

PNGX, Papua New Guinea’s national stock exchange, welcomes the capital market reforms announced by Minister for International Trade and Investment, Hon. Richard Maru OBE, MP on Friday, 23 June 2023. The Minister announced 3 significant reforms to grow the Papua New Guinean capital market and others to make the existing market more robust. The new co...

As a follow up from the agreement signed between the Ministry of International Trade and Investment and Kumul Petroleum Holdings Limited earlier this year, the management of the Ihu SEZ have now also signed an MOU with KPHL. Wapu Sonk, Managing Director of Kumul Petroleum Holdings said, “KPHL is happy to collaborate with the Ihu SEZ Development Company...

First revenues from the CCL project expected in 1H CY2024. Mayur Resources Limited is pleased to advise that it has commenced pioneering and site enabling construction works at its Central Cement & Lime Project (the CCL Project) in the Central Province of Papua New Guinea. Construction crew, mobile machinery, and building materials arrived at th...

In its continuous efforts to mitigate environmental risks and impact to the environment, Ok Tedi Mining Limited (OTML) is the first Papua New Guinean Company to venture into ‘used tyres recycling’ after it commissioned its Tyre Pyrolysis Plant (TPP) in February this year. The new TPP cost over US$30,000 and on average processes up to three tonnes of wa...

From mining camps, to health and education facilities, to retail and commercial fit outs, PNGFP’s NiuBuild provides complete project solutions throughout PNG and the South Pacific. In fact, you might be surprised to know that PNG Forest Products is the largest supplier of timber housing & infrastructure projects in the South Pacific. Having delivered ...

Lae, Papua New Guinea - The Wan PNG job marketing platform, in partnership with Kumul Petroleum Holdings Ltd (KPHL), is set to make its official debut next month, and anticipation is building around its potential to revolutionise the job market in the country. Dr. Evan Shellshear was in Lae in May alongside TotalEnergies, to present this visionary platfor...

Community relations and national content, the heart beat of PNG benefits for local communities from any mineral and energy resource development in PNG, is set to take center stage at CANCONEX 2023, PNG’s first ever National Conference and Expo, organized by the PNG Chamber of Mines and Petroleum at PNG University of Technology Lae in August 2023. It is...

Photo: Prime Minister and Foreign Affairs Minister Hon. James Marape with Guangdong Governor H.E. Wang Weizhong and National Capital District Governor Hon. Powes Parkop.-PM’s OFFICE MEDIA Prime Minister and Foreign Affairs Minister Hon. James Marape expressed his appreciation for the increasing trade ties between Guangdong, a prominent Chinese province...

K92 Mining Inc. is pleased to announce that the Company has set its inaugural energy and greenhouse gas (“GHG”) emissions reduction target as part of its ongoing overall sustainability commitments. After completing detailed energy and GHG forecasts for its Stage 3 and Stage 4 Expansions, and identifying opportunities for energy reductions, the Company ...

Prime Minister Hon. James Marape has recently commended Barrick Niugini Limited for agreeing to pay the base tax that has been an outstanding issue for some time. In doing so, the Prime Minister also conveyed his high commendations to Barrick for its steadfastness in reopening the mine and open-mindedness in its negotiations with the government on reve...

Prime Minister Hon. James Marape has recently commended multinational oil and gas corporation, ExxonMobil, for continuing its exploration in Papua New Guinea over the last two years, which has revealed “some good finds”. The Prime Minister said the company has spent up to $300 million on exploration in the last two years. “From my discussions with E...

Barrick (Niugini) Limited (BNL) and the Internal Revenue Commission of Papua New Guinea (IRC) are pleased to announce that BNL, Barrick Gold Corporation, and the IRC have settled all disputes and issues relating to old Porgera tax matters on terms satisfactory to the parties. Although BNL and Barrick had the option of appealing the objection assessment...

Photo: Porgera gold mine in PNG's Enga Province (Barrick) The PNG Chamber of Mines and Petroleum (“the Chamber”) congratulates the Internal Revenue Commission (IRC) and Barrick (Niugini) Limited (BNL) on settling all disputes and issues relating to old Porgera tax matters. This follows the announcement of a Deed of Settlement earlier this week, sign...

by Andrew Anton Mako Blessings The Porgera goldmine in Enga Province offered so much promise when it began production in 1990 – a modern way of life and improved living standards for the landowners and surrounding communities, with access to modern health, education, and other social services. Before the closure of the mine in April 2020, it had pro...