Ok Tedi Mining Limited (OTML) will no longer be doing business with Puma Energy in terms receiving the supply of diesel and JET A1 fuel to support its mining operations. This after the mining company made a strategic decision to discontinue its utilization of Puma Energys fuel supply in Tabubil, Western province due to the prolonged inability of Puma to provide consistent diesel and JET A1 supply and fulfill its contractual obligations. The move comes despite OTML making efforts to work constructively with Puma to resolve the supply matter, even offering to purchase the fuel facilities in Tabubil. However, Pumas…
Author: Emmanuel MAIPE
The Port Moresby Australian Football League (AFL) Association has put its foot down to suspend for an indefinite period the Gordons Kokofas football club from the competition for its involvement in the on field violence that occurred during the 2023 grand final match. The Association President Mr. Douglas Lai said the decision had to be made due to the severity of the incident and the destructions the club’s players and fans did during the time of the incident last year. “We had to do this you know,” stressed the Port Moresby AFL Association President. “We’re doing this to send a…
Papua New Guinea (PNG) is still committed to providing the funding assistance to Vanuatu to support its infrastructure rehabilitation needs. That was the message conveyed by PNG’s Foreign Minister, Justin Tkatchenko when he met with the Vanuatu Prime Minister (PM), Charlot Salwai Tabimasmas, on Holy Thursday at the margins of the 2024 MSG Budget Foreign Ministers Meeting in Port Vila, Vanuatu. Apart from main bilateral matters discussed, Minister Tkatchenko reassured the Vanuatu PM that relevant PNG Government authorities are now working on sending the K10 million assistance to Vanuatu for the rehabilitation of the Kumul Highway that was pledged by…
The staff and management of the National Youth Development Authority (NYDA) recently launched their Five Year Staff Development Plan in the city of Port Moresby. The small but significant ceremony, which took place on the eve of the long Easter weekend on Holy Thursday, 28th of March, was witnessed by the Registrar General of the Civil Registry, Mr. Dickson Kiragi and two staff members from Papua New Guinea (PNG) Sports Foundation. NYDA Director General, Mr. Joe Itaki in his keynote address commended the Human Resource (HR) division for the initiative, stating that a team well bestowed in the matters of…
The Papua New Guinea Chamber of Resources & Energy (PNG CORE) is cautioning the government from progressing with the proposed National Gold Corporation Bill 2022 to parliament for endorsement, citing serious repercussions to the country’s mining sector should it be passed. This week, the President of the PNG CORE, Mr. Anthony Smare warned in the media that the proposed bill is very harmful to the country and that it should not be entertained in parliament yet until proper consultations are conducted with all the concerned parties and stakeholders involved who will be impacted by it. It was for this reason…
Officers from the National Youth Development Authority (NYDA) were recent in the Wewak District of East Sepik province on the request of its local Member of Parliament (MP) to carry out consultations on the preparations for the establishment of a District Youth Development Council (DYDC). The proposed Wewak District Youth Development Council will serve as a means to give the youth population in the district a voice to raise their concerns on issues affecting them, and also serve as an avenue for them to meaningfully contribute to the developments in their district. The consultation, which took place on Monday 25th…
The Bank of Papua New Guinea (BPNG) on Monday launched the Green Finance Center (GFC), an innovative approach to mitigate the risks of climate change impacts on the business sector. The Bank’s Governor, Ms. Elizabeth Genia said that the launching itself is a milestone achievement for BPNG and the country as it aims to achieve sustainability in the local business sector in the face of climate change. “The official launching of the Green Finance Center within the Center for Excellence in Financial Inclusion (CEFI), represents reaching a significant milestone on the journey towards managing climate change risks,” Ms. Genia said.…
The members of the NASFUND Contributors Savings and Loan (NCSL) Limited can expect their accounts to be credited this week with the latest interest following an impressive profit made in 2023 by the savings and loans society. At its Board meeting on Friday, 22nd March, the NCSL received the audited accounts for 2023 and announced a net profit of K 9.7 million for the 2023 financial year. After 20% statutory reserving, this will be credited overnight (Tonight) to the savings accounts of the more than 147,000 members and paid in addition to the current interest rates which members are already…
The rise in crime rate as a result of the deteriorating law and order situation in the country has prompted the Papua New Guinea Chamber of Resources and Energy (PNG CORE) to initiate a Security Summit to look at ways to address this matter. The one-day event, which will take place in the city of Port Moresby on April 17th 2024, will bring together government, state security agencies, industry project operators, and security providers to discuss issues of importance for the sector, and country. In announcing the Summit, PNG CORE Chief Operating Officer, Mrs. Pansy Taueni-Sialis said that this event…
Additional aviation fuel and diesel fuel have finally arrived in country to address the current fuel shortage crisis. The shipment was recently discharged at NapaNapa just outside the city of Port Moresby, all thanks to new arrangements made under the Essential Services Act to address the fuel situation. The National Government through an NEC decision, mandated Kumul Petroleum Holdings Limited (KPHL) to find commercial solution to help the country manage the energy crisis. KPHL took over a shipment of fuel brought in by ExxonMobil, purchased in US dollars and sold to Puma Energy in Kina, for Puma to supply the…