Like other developing nations, Papua New Guinea has its fair share of problems including illiteracy and a dying need for human capital development especially for the youths who make up the majority of the country's population Life PNG Care is becoming a beacon of light for the silent majority of the population which are the children who will be the leader...

Governor General Sir Bob Dabae recently granted a special mining lease to New Porgera Limited (NPL), clearing the way for Barrick Gold Corporation to restart production at the gold mine, which has been on care and maintenance for three years. This follows the signing of a mining development contract and the conclusion of a fiscal stability agreement fo...

K92 Mining Inc. announces production results for the third quarter of 2023 at its Kainantu Gold Mine in Papua New Guinea, of 26,225 oz AuEq or 22,227 oz gold, 1,784,009 lbs copper and 40,233 oz silver. Sales during the quarter were 18,339 oz gold, 1,255,291 lbs copper and 30,484 oz silver. Production for the quarter was impacted from the safety inciden...

The Bougainville Coastal Waters Survey Program is set to commence this month to map out areas that constitute as ‘Bougainville waters’, as part of the drawdown of fisheries powers and functions to the Autonomous Bougainville Government. ABG President Hon. Ishmael Toroama officially launched the Survey today in Buka, signifying a milestone for Bougainvi...

Bougainville President Hon. Ishmael Toroama has expressed great disappointment at several parties who have been misleading the people of Bougainville on the Autonomous Bougainville Government’s proposals to review the 2015 Bougainville Mining Act. President Toroama made this statement during his maiden address to the Bougainville House of Representativ...

The Manetai Limestone Project is progressing to its next phase of development as road access clearance and grubbing work in the project area paves the way for limestone resource drilling. In providing a project update to parliament, Hon. President Hon. Ishmael Toroama in his capacity as Minister for Mineral and Energy Resources reported that incrementa...

Prime Minister Hon. James Marape has hailed the signing of four agreements on Friday, October 13, 2023, as a “giant leap” towards the reopening of the Porgera gold mine in Enga. The agreements signed between the State and New Porgera Ltd include the Mining Development Contract, Special Mining Lease 13, Fiscal Stability Agreement, and Escrow Arrangement fo...

Prime Minister Hon. James Marape has welcomed H.E Satu Mattila-Budich, the Ambassador-designate of the Republic of Finland to Papua New Guinea. Her Excellency, Mrs Mattila-Budich was introduced to the Prime Minister at his Sir Manasupe House Office, as PM Marape took the opportunity to invite Finnish investments into the country and highlight PNG’s pro...

Minister for International Trade and Investment, Hon Richard Maru officially announced the commencement of the joint feasibility study for a possible Free Trade Agreement between Papua New Guinea (PNG) and the People’s Republic of China (PRC). Minister Maru made the announcement today on the eve of Prime Minister, Hon. James Marape’s official state visit ...

The first direct flight between Port Moresby and Guangzhou of the People’s Republic of China is expected to take place in December this year. This announcement was made yesterday by the Minister for International Trade and Investment, Hon. Richard Maru. The discussion on opening of direct flights between Port Moresby and Guangzhou was held between Prim...

On October 16th & 17th, 2023, Papua New Guinea (PNG) Chamber of Mines and Petroleum will host the inaugural Papua New Guinea – Asia Investment Conference in the Kowloon Shangri-La Hotel in Hong Kong, with support of, and in partnership with, the National Government. The PNG Asia Investment Conference will feature Prime Minister Hon. James Marape an...

Ok Tedi Mining Ltd (OTML) conducted a 2-day meeting with its stakeholders over the weekend in a bid to commence awareness as a lead up to the upcoming Community and Mine Continuation Agreement (CMCA) Review planned to commence in early 2024. The meetings hosted at the New Century Hotel in Kiunga was attended by more than 100 leaders and representatives...

The Bank of Papua New Guinea presented to the Port Moresby Chamber of Commerce and Industry the September 2023 Monetary Policy Statement at the Hilton Hotel on the 4th of October 2023. Ms. Elizabeth Genia, Acting Governor of the Bank of PNG, said: "I would like to thank the POMCCI for inviting the Bank of Papua New Guinea to present the September Monet...

Papua New Guinea’s (PNG) economy is forecast to grow by 2% in 2023 and 2.6% in 2024 amid challenges in various fronts, says the Asian Development Outlook (ADO) September 2023.  Difficulties in accessing foreign exchange, power and water supply disruptions, frequent domestic flight cancelations, and issues in the banking sector are some of the economic ...

Growth in developing East Asia and Pacific is projected to remain strong at 5% in 2023 but will ease in the second half of 2023 and is forecast to be 4.5% during 2024, the World Bank said recently in its semi-annual economic outlook for the region. According to the World Bank’s East Asia and Pacific October 2023 Economic Update, regional growth this ye...

The Asian Development Bank (ADB) has approved an additional financing package of $42 million to support the delivery of affordable and high-quality health services in Papua New Guinea (PNG). The second additional financing package for the Health Services Sector Development Program comprises a concessional loan worth $35 million and a $7 million grant s...