Photo credit: Deep Sea Mining Finance Ltd The Government of Papua New Guinea plans to re-open discussions with Deep Sea Mining Finance Ltd (DSMF) regarding the potential for mining minerals in the Bismarck Sea off the west coast of Namatanai, New Ireland. DSMF had previously acquired Nautilus Minerals, which had shown interest in deep sea mining in the...

Photo: PM Marape Prime Minister Hon. James Marape says the Independent Commission Against Corruption (ICAC) is now being operationalised after establishment by law in November 2020. He also said the Ombudsman Commision would remain, however, would be subject to review of its roles and responsibilities. PM Marape said this in Parliament on Tuesday...

Photo: From left to right: Kevin Anderson (Theodist National Sales and Marketing Manager), Steven Abraham (Team PNG-para-athlete), Auvita Rapilla (PNGOC Secretary General) and Ryan Pini (Theodist Business Development Manager) Theodist Ltd presented a cheque of K50,000 towards the PNG Olympics Committee as its annual sponsorship at the Theodist showroom...

Photo credit: The Pick Lole Mining Limited, the new developer of the Tolukuma Gold Mine in Central Province, has recently developed an initial public offering (IPO) to be listed on the Australian Stock Exchange. Mineral Resource Authority managing director, Jerry Garry, told the Post Courier, "The company will be raising their capital from the stock ma...

Group photo with the Tourism Minister and agency heads of the NCC and NMAG, including the board, management and staff of the PNG Tourism Promotion Authority.  Credit: Roan Paul Photography The Tourism Promotion Authority proudly launched its four-year Corporate Plan 2023-2026, at The Stanley Hotel in Port Moresby, last week Friday 17th March, 2023.  ...

Photo: PM Marape meeting with the Korean delegation leader Park Byeong-seug, who is representing Korean President H.E. Yoon Suk Yeol. Trade between Republic of Korea and Papua New Guinea was worth US$1.8 billion (K6.33 billion) in 2022, a massive 240 per cent increase from 2021, according to a high-level Korean delegation visiting PNG. The delegatio...

Photo: William Duma in Parliament The Wafi-Golpu Gold Mine project in Bulolo district of Morobe Province is expected to become a key economic driver for the Ramu 2 Hydro project, which will span the Eastern Highlands and Morobe provinces. During a recent parliamentary session, State Enterprise Minister William Duma gave this assurance in response to qu...

Photo credit: PNG Tourism Promotion Authority The Tourism Promotion Authority (TPA) has confirmed that over 100 cruise liners will be visiting PNG this year, bringing in an estimated US$40 million (about K137.10 million), according to an official. During the launch of the TPA Corporate Plan 2023-2026 in Port Moresby on Friday, CEO Eric Uvovo stated tha...

The Tolukuma Mine in Central Province is set to reopen its mining operations after years of closure. However, local communities affected by the mine's previous operations are still concerned about environmental issues that may arise. The local MP for Kairuku, Peter Isoaimo, welcomed the news of the mine's reopening but expressed his constituents' concerns...

Photo credit: EMTV Kumul Minerals Holdings Ltd (KMHL) has made a significant contribution to the State, paying K105 million in dividends. The payment was handed over to State Enterprises Minister William Duma by KMHL Chairman Dr Ila Temu. Speaking about the dividend payment, Dr Temu said, "Kumul Minerals hold 67 per cent in Ok Tedi, through the Governm...

Photo: On January 17th, Ambassador Jacques Fradin met with Hon. Mannaseh Makiba, Minister for Bougainville Affairs, to discuss important matters of mutual interest. Photo credit: European Union in Papua New Guinea European Union (EU) shares the same values of nation building as Bougainville according to Ambassador Jacques Fradin, Head of Delegation to ...

Photo: State Enterprises Minister William Duma State Enterprises Minister William Duma has acknowledged that the state of the economy is a result of global events beyond the government's control. In his words, "We have just come out of a global pandemic, an ongoing war in Europe between Ukraine and Russia, and an increase in the price of oil and gas gl...

Photo: Westpac Bank Senior Economist, Justin Smirk. Credit: Westpac Bank The postponement of the Papua Liquefied Natural Gas (LNG) investment until next year will maintain the lack of foreign exchange as an issue this year, slowing down growth, said Justin Smirk, a senior economist at Westpac Bank. He noted that Papua New Guinea's economy was projected...

Photo: James Marape Prime Minister Hon. James Marape says the Pangu Pati-led Government he leads has “total belief and sees great value” in the provincial government system. PM Marape said this on Monday, March 13, 2023, at the end of the two-day Governors’ Meeting in Port Moresby. “We subscribe to decentralisation – which is deeply entrenched in...

Photo credit: PNG Forest Industries Association Prime Minister Hon. James Marape has called on logging companies, landowners and the National Forest Authority (NFA) to be involved in reforestation of areas that have been logged. He made the call on Friday, March 10, 2023, at remote Kurindal in Lasul-Baining Local Level Government (LLG), Gazelle, Eas...

Returning for its seventh year due to ongoing industry demand, the PNG Industrial and Mining Resources Exhibition and Conference (IMREC) will be held in Port Moresby this June. Acclaimed for bridging the gap for Papua New Guinea and Australia’s industrial relations, PNG’s IMREC will host respected industry delegates and over 100 exhibitors across two d...