Hela Province Governor Philip Undialu has congratulated the Mineral Resources Development Company (MRDC) and Department of Petroleum for facilitating the opening of Hides Petroleum Development License 1 (PDL1) Bank Accounts Opening in Hela Province, Papua New Guinea. Governor Undialu commended this monumental achievement, saying: "I am pleased to see l...

The Mineral Resources Development Company (MRDC) spearheaded the launch and facilitation of the Petroleum Development License 1 (PDL1) Clan Bank Account Opening for the landowning communities of the PNG LNG project in Hides, Nogoli, Hela Province on May 21. This account opening process enables the clans to access their rightful royalty and equity entit...

Mining Minister Hon. Muguwa Dilu has inaugurated the Community Development Agreement (CDA) negotiations for the Porgera Mining Project in Porgera, Enga Province.   The CDA process, which commenced on May 20 in Wabag, marks a pivotal juncture where landowners and stakeholders will deliberate on the benefits stemming from the Porgera Project. Minis...

The Papua New Guinea Chamber of Resources and Energy (PNG CORE) has reiterated its stand in support of building a refinery in the country that the state must build through Kumul Minerals Holdings Limited. Kumul Minerals has the financial and technical capacity to undertake gold refining in PNG, the Chamber said in a statement. Anthony Smaré, PNG COR...

The Bank of Papua New Guinea (BPNG) welcomed a distinguished ministerial delegation from New Zealand to discuss the progress and initiatives of the Green Finance Centre (GFC) in the context of climate resilience in Papua New Guinea. The meeting, held on May 13, 2024, underscored the pivotal role of green finance in addressing climate change challenges ...

Papua New Guinea DataCo and Oracle have signed a memorandum of understanding to advance the country’s critical digital infrastructure and to introduce world-class cloud infrastructure through the Oracle Alloy product. The MOU was signed on May 10th in Port Moresby as Information and Communication technology Minister Timothy Masiu welcomed Oracle Corpor...

Recognizing the paramount importance of human rights, both for Papua New Guineans and those engaging in business, investment, and other activities within the country, the PNG Government, through the Department of Justice & Attorney General (DJAG), is spearheading efforts to establish a National Human Rights Institution (NHRI). With financial backin...

The Internal Revenue Commission (IRC) unveiled its revamped debt allotment letters, signaling a significant step towards clearer communication with taxpayers and tax agents. This is in line with IRC’s desire to communicate with taxpayers and tax agents through one of their projects part of the broader Taxpayer Services Strategy to foster voluntary comp...

The International Monetary Fund (IMF) Country Head, Mr. Sohrab Rafiq, recently gave an update on the multinational lender’s program with the Papua New Guinea government. Mr. Rafiq highlighted the progress made in the IMF program, with successful completion of the first and second review missions, and underlined the importance of the IMF's concessional ...

On Europe Day, the European Union Ambassador to Papua New Guinea, His Excellency Jacques Fradin, delivered a passionate speech emphasizing the significance of the day and the enduring partnership between the EU and PNG. Ambassador Fradin said, “Some might wonder what is the 9th of May celebration all about?  It’s not an independence day, nor a victory,...

Prime Minister Hon. James Marape recently praised the economic opportunities the Papua LNG Project and the Wildebeest LNG Project are set to bring, as both natural gas projects underline the potential for business growth and development in the region. PM Marape called on the residents of Gulf Province to prepare to supply goods and services to the fort...

With a focus on infrastructure development and a rising middle-class market, including Small and Medium Enterprises (SMEs), Papua New Guinea presents a promising landscape for investors. PNG’s abundant natural resources in mining, oil and gas, forestry, fisheries, and agriculture further enhance its appeal. From coffee and cocoa to vanilla and local pr...

The Papua New Guinea (PNG) National Government and the Autonomous Bougainville Government (ABG) convened for the Joint Supervisory Body (JSB) meeting to address critical matters concerning the ratification and consequences of the Bougainville referendum. Prime Minister Hon. James Marape and ABG President His Excellency Ishmael Toroama co-chaired the me...

The Papua New Guinea Chamber of Resources & Energy (PNG CORE) recently welcomed two esteemed entities, Great Pacific Gold and Southern Cross Assurance Limited (SCAL), into its dynamic network. Great Pacific Gold joins PNG CORE following its recent amalgamation agreement with Tinga Valley Copper & Gold Corp. to acquire a highly prospective PNG c...

The historical ties between Papua New Guinea and Australia run deep, rooted in shared experiences and mutual support. On April 25th, Australian Prime Minister Anthony Albanese and PNG Prime Minister Hon. James Marape embarked on an historic 2-day walk to commemorate ANZAC Day, symbolizing the enduring strength of the relationship. “May the Spirit of AN...

As the global community faces the inevitability of climate change, it becomes imperative for nations and businesses alike to prepare for the ensuing transitions. Papua New Guinea is thus actively addressing the challenges climate change poses, particularly in the realm of sustainable transportation. “It is mandatory upon us to take bold and precise act...