Tourism Without Tourists: A Balancing Act in Papua New Guinea
In August 2024, I had the privilege of attending the Mount Hagen Cultural Show, one of Papua New Guinea's most vibrant and significant cultural events. As I stood among the performers adorned in feathers, paint, and traditional attire, I couldn't help but marvel at the richness of the island's cultural heritage.
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Papua New Guinea's Mining Fiscal Regime H1 2016
All the vital news, analysis, and commentary curated by our industry experts. $995. Buy Report View Sample. Published: July 01, 2016 Report Code: MMFR00156MR-ST. Share. Share on Twitter; ... Papua New Guinea's Mining Fiscal Regime H1 2016 was curated by the best experts in the industry and we are confident about its unique quality. However ...
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Minister Goi Speaks of PNG's Legacy of Mining Excellence
Papua New Guinea remains one of the world's premier destinations for mining investment, said the Minister for Mining, Hon. Wake Goi, during the recent PNG Investment Week in Sydney, Australia. Minister Goi stressed PNG's vast mining potential and highlighted the country's mining sector growth, future prospects, and investment opportunities to more than …
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Maru: Oil Palm Industry Under Probe as Reform Push Intensifies
One of the most pressing issues raised by Papua New Guinea's Minister for Foreign Trade and Investment, Hon. Richard Maru, is the state of the oil palm industry, which he described as being in "a mess." MP Maru revealed that the government has commissioned an independent investigation to address regulatory gaps, pricing disparities, laws, and policy, …
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BPNG's Genia Unveils Sept. Monetary Policy Statement
Bank of Papua New Guinea (BPNG) Governor Elizabeth Genia recently outlined the September 2024 Monetary Policy Statement, amid the ongoing economic challenges and the central bank's strategies to stabilize the nation's economy. The presentation took place on October 7th at the Royal Papua Yacht Club in Port Moresby. Reflecting on the previous March …
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"PNG REGULATORS FORUM TO KICKSTART 2024 …
For investors looking to do business in Papua New Guinea, a key understanding of the various regulations are crucial in informing their business decisions. With this in mind, PNG's flagship investment promotion event, the …
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Minister Goi Speaks of PNG's Legacy of Mining Excellence
Minister Goi stressed PNG's vast mining potential and highlighted the country's mining sector growth, future prospects, and investment opportunities to more than 2,000 …
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Ok Tedi Mining generates US$1.5 billion revenue
Ok Tedi Mining Limited (OTML) is on track to generate US$1.5 billion (K5.8 billion) in revenue for 2024. This is a significant increase from 2023 (31%), 2022 (45%) and 2021 (98%). Managing Director & Chief Executive Officer, Kedi Ilimbit, announced the record revenue at the 2024 PNG Chamber of Resource & Energy Investment Week Conference in Sydney, …
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Great Pacific Gold Appoints New Country Manager, Papua New Guinea
Great Pacific Gold Corp is pleased to announce the appointment of Ron Gawi as Country Manager, Papua New Guinea, effective immediately. "With the focus of the Company's exploration activity now in Papua New Guinea, we are very pleased to welcome Ron Gawi to our executive team," stated Greg McCunn, CEO of Great Pacific Gold.. "His extensive background …
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"K92 Mining's Record-Breaking Results Commended by Prime …
Prime Minister Hon. James Marape has commended K92 Mining Limited for achieving record-breaking production results for the fourth quarter of 2024, describing the milestone as a significant boost to Papua New Guinea's economy. The Kainantu-based mining company recorded a quarterly production of 53,401 ounces of gold equivalent (AuEq), marking …
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PNG NEA Launches Board Charter, Appeals Panel Guidelines
The Papua New Guinea National Energy Authority (PNG NEA) has officially launched its Board Charter and Appeals Panel Guidelines, signifying the establishment of its governance framework. This initiative aims to enhance transparency and accountability within the NEA, ultimately improving the efficiency and fairness of the country's energy sector. The …
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K92 Mining Sees 'Major Advancements' with 2025 Operational …
K92 Mining Inc. has released an update regarding its operations and strategic plans for the future with its 2025 Operational Outlook, which outlines another record year of …
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Latest news Archives
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 …
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Papua New Guinea
Oxide gold find could smooth path to sulphide expansion as tax woes add to PNG troubles. Cashed-up explorer and major shareholder support Woodlark gold growth plan. Rio accepts …
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"PNG Investment Week 2024 Wraps in Sydney
Prime Minister Hon. James Marape emphasised his government's strategic focus on building a resilient, inclusive economy as Papua New Guinea approaches its 50th year of independence, as the highly anticipated PNG Investment Week Conference 2024 drew to a close at the Sydney International Convention Centre (ICC Sydney) on Dec. 11. The event, organized …
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Pacific Mining Watch
PNG Prime Minister Praises K92 Mining for Record Production. Papua New Guinea Prime Minister James Marape has commended K92 Mining Limited for its record-breaking product…
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PNG Mining Minister Outlines Priorities Before 2024 Ends
In an exclusive interview with PNG Business News, the newly appointed Minister for Mining, Hon. Wake Goi, shared his priorities, placing emphasis on transparency in regard to all mining deals done under his ministry. "Any mining deals done under my ministry must be done with transparency," he stated. Minister Goi, now almost five weeks into his tenure, expressed …
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PM Marape Commends ExxonMobil Leadership for Continued …
Prime Minister Hon. James Marape has extended his gratitude to senior leaders from ExxonMobil's headquarters in Houston, Texas, who visited Papua New Guinea to reaffirm the company's long-term commitment to the country's energy sector. Three senior ExxonMobil corporate executives, led by outgoing Upstream President Liam Mallon, traveled to PNG to …
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JICA and GoPNG working to improve Resource Related …
The Head of the Japan International Cooperation Agency (JICA) in Papua New Guinea (PNG), Matsuoka Hideaki, has urged the PNG government and its implementing agencies to maintain strong leadership, foster continued cooperation, and ensure that arrangements with donor agencies like JICA are upheld. This is essential to maximise the benefits derived from …
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Papua New Guinea Takes Stronger Stance with Wafi
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 …
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OTML Progresses CMCA Extension Review
A new compensation package and CMCA agreement is expected to be finalized by August 2025, followed by village-level endorsements of the package in October. "The updated CMCA will secure a renewed social license for OTML to operate while driving socio-economic development in Western Province and Papua New Guinea," Miise stated.
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Papua New Guinea Mining News
The Yandera Copper Project, an advanced-stage copper deposit in Papua New Guinea, has seen over US$200 million invested in exploration and development to date.
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"ADB, PNG Sign $100 Million Loan to Improve Governance …
The Asian Development Bank (ADB) and the Government of Papua New Guinea (PNG) have signed a $100 million policy-based loan to improve governance and accountability across the public sector. The Strengthening Public Sector Management Program is supporting the government's efforts to enhance fiscal management, improve state-owned enterprise (SOE) …
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Progress and Pride – Hastings Deering Celebrates 75 Years of
In celebration of the company's 75th anniversary as a Dealer in Papua New Guinea, Hastings Deering PNG held an event in Port Moresby to commemorate the significant milestone. Members of the Hastings Deering PNG team, together with members of the broader Pacific Islands and Hastings Deering Executive Leadership Teams, came together …
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How Papua New Guinea Became an Oil Producer and
Indeed, Papua New Guinea regime has always recognised the significant capital costs of exploration in Papua New Guinea and has shied away from regressive fiscal terms. The original regime was comprised of a petroleum income tax at 50%, with a 2% royalty paid on wellhead value plus a 22.5% State participating interest in any project paid for on ...
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"PM MARAPE CONGRATULATES OK TEDI MINE ON ITS 40TH ANNIVERSARY" — News
Prime Minister Hon. James Marape has congratulated Ok Tedi Mining Limited on its 40th anniversary while noting that the mine – on the verge of closure only a few years ago is now operational for another 25 years. The company held a dinner party on the evening of Thursday, 14 November 2024, in Tabubil to mark the occasion of their 40th anniversary. …
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PNG Welcomes New Mining Minister Goi
Papua New Guinea's new Mining Minister, Hon. Wake Goi, was sworn in on September 25 at Government House in Port Moresby. Hon. Goi took over the role from Prime Minister James Marape, who had been filling in as mining chief. Marape expressed confidence in Goi's experience and qualifications as the Member of Parliament for the Jimi electorate in …
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"PNG Forest Products: Sustainability in Motion" — News — PNG Business News
Celebrating 70 years of manufacturing in Papua New Guinea this year, PNG Forest Products has long been an industry leader in Engineered Wood Products and is committed to building a better future through sustainable manufacturing practices. All timber is sourced from renewable pine plantations managed by the PNG Forest Authority, with a focus on minimising …
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Papua New Guinea
Mining Company ESG Index: Benchmarking the Future of Sustainable Mining. The Mining Company ESG Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.
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