The PNG Chamber of Resources and Energy (PNG CORE) is set to host the second Community Affairs and National Content Expo (CANCONEX 2024) as part of the inaugural PNG Resources Week. The event, scheduled from July 1-4 at the University of Papua New Guinea, will focus on the rapidly growing initiative of National Content. National Content …
For decades, the prospect of seabed mining at a site some 30 kilometers (19 miles) offshore has loomed over Kono, its neighboring communities and Papua New Guinea's island cultures in general.
Papua New Guinea's Prime Minister James Marape arrives to attend APEC Leader's Dialogue with APEC Business Advisory Council during the Asia-Pacific Economic Cooperation (APEC) summit, November 18 ...
Photo: President of the PNG Chamber of Mines and Petroleum Mr Anthony Smaré Last year, the 16th Papua New Guinea Mining and Petroleum Investment Conference and Exhibition was held from 5th to 7th of December 2022 at Sydney Hilton Hotel. The event was hosted by the Papua New Guinea Chamber of Mines and Petroleum with the theme "PNG …
Papua New Guinea out of pocket $157m from failed attempt at mining material from deep-sea vents as opponents point to environmental risk. The "total failure" of PNG's controversial deep sea mining project Solwara 1 …
We are proud to offer a large range of services in Papua New Guinea (PNG) with a number of local locations in key industry hotspots across the country. With positive growth of the PNG economy since 2021, powered …
GlobalData's fiscal regime report covers Papua New Guinea which has a variety of natural resources such as gold, copper, silver and natural gas. The Mineral Resources Authority (MRA) is the authority responsible for governing the mining industry in the country. The Mining Act 1992 is the apex law for the mining industry.
EDITOR'S NOTE: Michael McWalter, former Director, Petroleum Division and Adviser to the Government of Papua New Guinea, and erstwhile petroleum adviser to the Governments of Ghana, Liberia, Cambodia, Sao Tome, and South Sudan, comments on PNG's oil and gas industry and changes to the petroleum regime made, muted, abandoned and …
IN LINE WITH THE VISION TO "TAKE BACK PNG"Article by: Roger Kewa AvinagaRoger Kewa Avinaga is an accomplished corporate and government executive and Board Director having worked in oil, gas, mining and energy sectors for 20 plus years. He also worked for an international organisation – The World Bank Group. He has in-depth knowledge, …
July 17, 2024. Adyton Resources: Review of existing and historical data on Feni Island reinforces significant Cu-Au discovery potential. HIGHLIGHTS Numerous highly …
The re-opening of Papua New Guinea's Pogera Mine must be accelerated as it is a key contributor to the foreign exchange says, BSP Financial Group (BSP) CEO Robin Fleming. The mine has been closed since 2019, but a reopening is imminent after representatives of Mineral Resources Enga and landowners recently signed the shareholder agreement. Foreign …
Papua New Guinea's Carbon Market Regulation Initiative promises significant benefits for local communities, as it negotiates for a 50- to 60-percent range of benefits from developers. Guided by the Climate Change Development Authority (CCDA) under the Paris Agreement Act, these regulations aim to address climate change issues while ensuring …
Prime Minister Hon. James Marape expressed his satisfaction recently at the signing of a groundbreaking agreement between Chinese company Ramu Nico Management Ltd and Kumul Minerals Holdings Ltd. The Memorandum of Understanding (MOU) signifies a significant step forward in fostering mutual trust and cooperation between China and Papua …
Prime Minister Hon. James Marape has officially welcomed Newmont Corporation, the world's leading gold company, into Papua New Guinea. He made the welcome, Monday, November 6, 2023, during a joint press conference with Mr. Peter Toth, Chief Development Officer of Newmont, marking the company's acquisition of all Newcrest operations in PNG. …
Unlock the most comprehensive mining finance news with MiningNews. Looking for the industry's top publication for ASX-listed mining activities and market trends? MiningNews gives you instant access to breaking news, resources and commodities updates, and award-winning, expert commentary.
Papua New Guinea Prime Minister James Marape, accompanied by Petroleum Minister Kerenga Kua, Justice Minister Bryan Kramer, Gulf Governor Chris Haiveta and Hela Governor Philip Undialu, today met with the ExxonMobil President for Upstream Mr Liam Mallon in Houston and the senior executive team where the State executed Heads of Agreement (HOA) …
ExxonMobil Appoints Tera Shandro as Chairperson and Managing Director for Papua New Guinea . By: PNG Business News May 12, 2023 ... PNG Business News is the magazine that the key people in the industries of mining, oil & gas, industrial, SMEs, agriculture, fisheries, tourism and more rely upon for news and feature coverage of their business. ...
PORT MORESBY, Papua New Guinea, June 07, 2024 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) and JV partner Zijin Mining Group announced today that they would jointly contribute ...
This decline is expected to persist due to lingering effects of January's civil unrest, resulting in continued pressure on business revenues and employment levels in the non-mineral private sector in the first half of 2024. The Bank's forecast for PNG's domestic growth in 2023 is a modest real GDP growth of 1.4 percent, a significant drop from the 5.2 percent recorded in …
Forest Minister Hon. Walter Schnaubelt (left) meeting with UAE Minister for State for International Cooperation and Director General of World Expo2020 Her Excellency Reem Ephraim Al Hashimy. Photo: Courtesy of PNG Expo2020 Media. Papua New Guinea and the United Arab Emirates reached an understanding to strengthening and deepening relations …
For an outlook on the minerals, PNG expects strong total annual copper production, averaging between 500,000 tons to a maximum of 700,000 tons per annum for a period of more than 30 years, after Wafi Golpu and …
K92 Mining Inc. announces production results for the fourth quarter of 2021 at its Kainantu Gold Mine in Papua New Guinea, of 36,145 oz AuEq or 33,220 oz gold, 1,048,100 lbs copper and 28,218 oz silver.
PNG Mining is an industry-leading online news resource focused on the Papua New Guinea resources sector. As the premier source of information for the latest industry …
PNG Mining is an industry-leading online news resource focused on the Papua New Guinea resources sector. As the premier source of information for the latest industry updates in the …
Prime Minister Hon. James Marape says the State and Papua New Guinea will be the biggest winners in the giant Wafi-Golpu Mine in Morobe with a 55 per cent take in the economic benefits of the project. PM Marape said this after the landmark signing of the Framework Memorandum of Understanding between the Independent State of Papua New …
Prime Minister Hon. James Marape recently spoke at the Consultation Workshop on the National Gold Corporation Bill 2024, organised by the Ministry of Mining. The Prime Minister highlighted the government's commitment to maintaining steadfast goals for downstream processing of gold and other resources in Papua New Guinea. "We have been exporting our …
Before we end the year, let us have a recap of Twinza Oil Limited's presentation during the 2021 PNG Mining and Petroleum Conference and Exhibition. Although the report was presented a year ago, (2 December 2021), Twinza's Executive Chairman, Stephen Quantrill, provided a remarkable forecast and insights on how their Pasca A Development Project will …
Mayur Resources is in advanced talks with a large-scale international investor interested in acquiring a stake in its proposed Central Cement and Lime project west of Port Moresby. According to the company's annual report, it followed a …
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 …
Photo Credit: Papua LNG - Map showing 260 km of offshore pipeline and 60 km of onshore pipeline extending from Elk and Antelope fields to Caution Bay On March 07, 2023, in separate announcements, Santos, TotalEnergies, and Exxon announced the Papua LNG project had launched the first phase of a fully integrated front-end engineering and design (FEED) for …
Photo: Dairi Vele According to Dairi Vele, the Chairman of the State Negotiation Team (SNT), the structure of the Wafi Golpu gold and copper mine in Morobe Province will be different as the Special Mining Lease will be given early. This means that the developers will be given 30 months to make a final investment decision (FID). Mr. Vele stated, "We will give them …
Australia has approved a significant loan of A$600 million (K1.54 billion) to Papua New Guinea to address the country's 2023 budget shortfall and support essential economic reforms. This financial assistance follows a previous A$750 million loan provided in 2022, reflecting Australia's continued commitment to aiding Papua New Guinea's fiscal stability and …
In Part I, we read about the signs of oil and gas throughout Papua New Guinea that enticed many oilmen to look for large oil and gas fields over many decades, and we read about the first commercial oil discovery at the Iagifu 2-X well and how the Kutubu field was successfully developed. We now pick up the story where subsequent exploration wells found …
Mining, petroleum sector regrowth in 2024. The Mining and Petroleum sector has had an eventful year 2023. This article delves into the year that was for the industry and the outlook into the future. After four years of closure, the …
SpaceX's Starlink has been granted a five-year operator licence by Papua New Guinea's National Information and Communication Technology Authority (NICTA). This is a significant stride towards bridging the digital gap in the country. This groundbreaking announcement was made by Hon. Timothy Masiu, the Minister of Information and …
K92 Mining Inc announces production results for the first quarter (" Q1 ") of 2022 at its Kainantu Gold Mine in Papua New Guinea, of 28,188 oz AuEq or 24,152 oz gold, 1,524,827 lbs copper and 28,142 oz silver. Sales …
