Photo: Operations continue at the OTML Mine. Ok Tedi Mining Limited (OTML) brings 100% of its sales revenue into the country and provides an average of more than US$600 Million in foreign currency annually into the Papua New Guinea market. This year, the Company has already provided US$272 Million into the PNG market as at June 20th. In 2022, OTML s...

Photo: Kostas Constantinou Papua New Guinea (PNG) is mourning the loss of Sir Kostas Constantinou, a renowned entrepreneur and philanthropist, who passed away on June 17 in Brisbane, Australia at the age of 66. The country is deeply saddened by the untimely demise of this extraordinary citizen, who revolutionised the business sector in PNG. Sir Kostas ...

Papua New Guinea’s commercial interest is not being compromised by the Defence Cooperation Agreement (DCA) and it will not affect trade and investment of our country as far as I am concerned,” says the Minister for International Trade and Investment, Hon. Richard Maru. Minister Maru said this in his statement last week in the parliament during the debatin...

Photo: Panguna Mine The Autonomous Bougainville Government will not allow foreign investors on Bougainville to breach its laws to exploit its people and resources. Bougainville President Ishmael Toroama made this statement following the Bougainville Executive Council’s decision to refuse the mineral license applications by joint-venture entities inv...

Photo: PM Marape with Chinese President H.E. Xi Jinping meeting in Bangkok, Thailand, last November Prime Minister and Foreign Affairs Minister Hon. James Marape presented a reciprocal visa waiver agreement between China and Papua New Guinea to Parliament on Thursday, June 15, 2023, for ratification. The agreement received unanimous support from Parlia...

Prime Minister and Foreign Affairs Minister, Hon. James Marape, took a significant step on Thursday, June 15, 2023, by presenting the long-awaited reciprocal visa waiver agreement between Indonesia and Papua New Guinea to Parliament for ratification. Originally signed by Indonesia and PNG in 2014, the agreement had remained inactive until now. However,...

PNGX, Papua New Guinea’s national stock exchange, welcomes the statement by Hon. Richard Maru OBE, MP, Minister For International Investment and Trade on 14 June 2023. Newcrest is an important listing on PNGX, representing the company’s commitment to the country from which it extracts significant resources. PNGX would welcome a continued listing of the...

Global warming is continuing to cause significant risks to countries around the world, and the impact of climate change is more widespread and severe than anticipated. This has become a constant reminder to economies throughout the globe of the urgency of addressing and disclosing climate risks. In Papua New Guinea, there are so many vulnerable communi...

Peuna’s Founders: Chantelle Brittain, Ken Vincin and Sean Vincin While Peuna PNG Limited is only entering its 7th year of operation, don’t mistaken this dynamic business as new players in the Papua New Guinea market. Peuna’s roots in the country stem way back to 1956. Established in 2016, Peuna’s founders, Mr Ken Vincin and son Sean Vincin partnered...

Deeper trade and investment within the Commonwealth Group of Nations can happen through enhancing and driving the Commonwealth Connectivity Agenda, says the Minister for International Trade and Investment, Hon. Richard Maru who attended the Second Commonwealth Trade Ministers Meeting in London, United Kingdom last week. The Trade Ministers who attended th...

There are untapped mutual gains and opportunities in strengthening the bilateral trade and investment relationship with the United Kingdom (UK), says the Minister for International Trade and Investment, Hon. Richard Maru. Minister Maru said this during his bilateral meeting with his UK counterpart, Hon. Nigel Huddleston at the margins of the recently conc...

Prime Minister Hon. James Marape said recently (09.06.23) there was space for more commercial banks to operate in the country to tap into an increasing banking market in Papua New Guinea. The Prime Minister said this as he was providing an update while answering questions raised by the Opposition on the banking situation in the country. “There is a ...

Photo: PM Marape at the launching of the National Gold Bullion Policy 2023 last month. With him is Acting Minister for Commerce and Industry Hon. Soroi Eoe Prime Minister Hon. James Marape has affirmed that the pertinent details concerning the proposed gold refinery will be made available to stakeholders and plaintiff Justin Parker of Golden Valley Ent...

Photo: PM Marape in Parliament.- PARLIAMENT MEDIA Prime Minister Hon. James Marape emphasised the vital role of the recently signed Ship Rider Agreement between the United States of America and Papua New Guinea in fortifying the security of PNG’s maritime borders, addressing the country’s limited capacity and resources in this regard. During his add...

The PNG Chamber of Mines and Petroleum is pleased to announce the appointment of Mr. Meriba Tulo as its Communications and Public Relations Manager. President of the PNG Chamber of Mines and Petroleum, Mr. Anthony Smaré, said the Chamber is delighted to welcome Mr. Tulo as part of its leadership team.  “Mr Tulo is well known in the media space with ...

Photo: Porgera Mine New Porgera Limited (NPL) is pleased to announce that it recently filed an application with the Mineral Resources Authority (MRA) for a Special Mining Lease and supporting tenements for the Porgera gold mine. Chairman of Kumul Minerals Holdings and Director of New Porgera Limited, Dr IIa Temu, hailed the lodgment of the applicati...