Kumul Petroleum Holdings has announced that it has finalised agreement with Santos to purchase a 2.6% equity interest in the PNG LNG Project for US$576 million, plus US$160 million share of project debt. Kumul Petroleum’s managing director, Mr Wapu Sonk said, “This transaction is the culmination of many months of discussions that have taken place with ...

The Papua New Guinea Government under the leadership of Prime Minister Hon James Marape is committed to supporting secretariat to facilitate the works of the Pacific ICT Ministers for the next two years until the Ministers meet again to deliberate. PNG’s Deputy Prime Minister Hon John Rosso gave this assurance when representing the PNG Government durin...

Prime Minister Hon. James Marape convened a significant meeting recently at his office in Port Moresby with Telstra Group Chief Executive Officer, Vicki Brady, and Telstra International Chief Executive Officer, Roary Stacko. The meeting was also attended by the Senior Vice President of Digicel PNG Limited, Lorna Macpherson. During the meeting, Ms. Brad...

The government hopes to issue the Special Mining Lease (SML) for the Wafi Golpu project by October, 2023. Mining Minister Hon Sir Ano Pala, revealed this on Thursday in Lae, during the Wafi Golpu stakeholders consultative meeting. Sir Ano said there were only three processes left that needed to be completed before the SML could be granted. They are ...

Papua New Guinea will gain over 55 percent economic value in benefits, from the Wafi Golpu project, said Prime Minister (PM) Hon James Marape yesterday in Lae. The PM said this in his address to landowners and stakeholders of the Wafi Golpu project, who gathered at the Sir Ignatius Kilage Indoor stadium, for the project’s stakeholders consultative meet...

Prime Minister and Member for Tari-Pori, Hon. James Marape, has thanked stakeholders involved in the construction of the newly-opened Tari Airport terminal in Hela Province. Hela is an important province for the country as it hosts significant national projects in Hides Gas and PNG LNG, but has been needing restoration in its airport facilities since t...

In a significant stride towards boosting rural development and agri-enterprise in the Sepik region of Papua New Guinea, the International Telecommunication Union (ITU), as part of the EU-STREIT PNG Programme, established four resource centres in areas that are grappling with serious challenges in access to ICT services, including digital skills, digital t...

Hundreds of Ark Pacific modular buildings have been assembled for PNG’s resource sector by footprint community workforces.  Since 2010, unskilled local workers in the Southern Highlands, Morobe, and New Ireland have benefited from employment and training opportunities afforded by Ark’s modular building systems.  Likewise, developers have benefited from th...

Five Melanesian leaders, including Prime Minister Hon. James Marape, concluded the 22nd Melanesian Spearhead Group Leaders Summit in Port Vila recently (24.08.23) after a fruitful round of talks that covered environment and climate change mitigation, security, and nuclear waste disposal management. Vanuatu’s Prime Minister and MSG Chair, Hon. Alatoi Is...

A visionary collaboration unfolds at the heart of Buang LLG, Bulolo District, Morobe Province – the 9MW Bapa Hydropower Project, a partnership between contractors AG Energy Ltd, local landowners, and the district. The impact of this venture reached a crescendo on August 18th, as we celebrated the monumental breakthrough of our Phase One achievement: a str...

The Department of Personnel Management through the Office of the Secretary officially approved the proposed organizational structure for the Department of International Trade and Investment (DITI) on Thursday, August 24, 2023. Acting Secretary for DITI, Mrs. Jacinta Warakai Manua said with this approval, the department that was established under NEC Decis...

Ambassador of Vietnam to Papua New Guinea (PNG), His Excellency Nguyen Tat Thah in his meeting with the Minister for International Trade and Investment, Hon. Richard Maru said Vietnam was keen on Trade and Investment with PNG. His Excellency Thanh said the Government of Vietnam was keen to invite Minister Maru to lead a small trade delegation to Vietnam n...

Mining Minister Honourable Sir Ano Pala, officially opened the Porgera Mining Project Development Forum, recently at the Enga Teachers’ College in Wabag town. He was accompanied by the Prime Minister Honourable James Marape, Enga Governor Honourable Sir Peter Ipatas, Vice Minister for Mining Honourable James Donald, Hela Governor Honourable Philip Undi...

The government has set aside K700m for infrastructure development and re-settlement programs for the Progeria Mine Special Mining Lease (SML) landowners. This money will be drawn down over a seven-year period. Prime Minister Honourable James Marape announced this recently during the project’s Development Forum at the Enga Teachers’ College in Wabag,...

Prime Minister Hon. James Marape has emphasised the need for all parties involved in the New Porgera Mine to avoid any further delays in reopening the mine. The call comes in the wake of a ruling recently by the Supreme Court against a court order issued last Friday, which had sought to halt the proceedings of the New Porgera Development Forum scheduled t...

An English Channel fundraising swim has helped Cheshire Disability Services (CDS), PNG’s main service provider for people living with disabilities, attract over K300,000 in support, more than three times the original fundraising target.   The funds raised will allow CDS to expand their services into Gulf Province, as well as purchase a new vehicle, all...