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...

The Bougainville Vision 2052 and the Bougainville Integrated Strategic Development Plan 2023-2027 represents a shared, home-grown vision that sets the course for Bougainville’s socio-economic and political prosperity over the next three decades. The Autonomous Bougainville Government officially launched these two significant strategic plans at Toniva i...

Hosting the World Indigenous Business Forum (WIBF) in Port Moresby from October 24-26, 2023, is a wonderful opportunity to promote Papua New Guinea as a tourism destination, says the Minister for International Trade and Investment, Hon. Richard Maru. Minister Maru said this recently during the announcement by the Tourism Promotion Authority (TPA) to suppo...

The regulator of the Capital Market of Papua New Guinea, the Securities Commission of Papua New Guinea (SCPNG) recently granted exemptions for the merger between the Newmont Corporation and Newcrest Mining Limited to proceed after being satisfied that all the requirements of the regulator were met. “We have now reached an understanding which is now cov...

Prime Minister Hon. James Marape expressed his enthusiasm for the ongoing rehabilitation of key road networks, including the Highlands Highway, Ramu Highway, Bulolo Highway, and Lae-Nadzab Road, during the inauguration of Papua New Guinea’s second international airport at Nadzab Tomodachi International Airport on Monday, October 2, 2023. Prime Minister...