The Mining Minister, Sir Ano Pala has come out to brush aside a recent media report stating that the most talked about opening of the New Porgera Mine in the Enga province, was an empty promise made by the government. Sir Pala in a statement said that the National Government is committed to ensuring that the Porgera Mining Project commences operations before the end of this year and the slight delay was due to technical issues. He explained that the government was ready to grant the Special Mining Lease (SML) on 16th September, signaling the re-start of the mine. However,…
Author: Emmanuel MAIPE
The world is currently in the phase of transitioning from the use of fossil fuel to renewable energy sources to drive economic growth as countries opt to green energy usage. For countries like Papua New Guinea (PNG), this transition phase is making its way in slowly because the country is very much dependent on the production of hydrocarbons like Liquefied Natural Gas (LNG) and oil to support its economy, and supply to markets that are still in demand of it, but who are making efforts to transition as well. However, the transition from fossil fuel to renewable energy has its…
Things are moving quickly in terms of preparations for the 13th World Indigenous Business Forum (WIBF) to be hosted it in the city of Port Moresby for the first time, with the aim to create opportunities for more Papua New Guinean businesses to tap into the international market. The Acting Secretary for the Department of International Trade and Investments (DITI), Mrs. Jacinta Warakai- Manua said the WIBF is an important event for Papua New Guinea (PNG) because it will provide a great platform to connect and discuss international business opportunities with indigenous businesses from Africa, North and South America, Asia…
The first maritime patrol between the United States Coast Guard (USCG) and Papua New Guinea (PNG) security personnel to strengthen regional security and resource management in the country’s Exclusive Economic Zone (EEZ), was deemed a success after concluding. Building on the recently ratified bilateral agreement to counter illicit transnational maritime activities, the U.S. Coast Guard joined hands with PNG agencies – the Defence Force, Customs Services, National Fisheries Authority (NFA), and the Department of Transport’s Maritime Security Division – to make this historic operation a reality. Ship-riders from PNG agencies spent a cumulative 10 days countering illegal maritime activities, including…
The National Capital District Commission (NCDC), as co- host of the upcoming World Indigenous Business Forum (WIBF), has pitched in with K1 million funding support to the Ministry for International Trade and Investments for the hosting of the event. The NCD Governor, Powes Parkop said the WIBF is an important event because of the opportunities it will bring in for the local business owners and entrepreneurs, something that the governor wants to see happen. “We are ready to have a successful World Indigenous Forum, the K1 million basically is to support the opening ceremony,” said Governor Parkop. “We mean business,…
The Minister for International Trade and Investments wants to see more investments in the energy sector in order to see a reduction in the cost of electricity, so to boost production and improving the general economic status of the country. Minister Richard Maru, when giving his keynote speech at the last day of the 2023 Petroleum and Energy in Port Moresby today, said the cost of electricity in doing business is another factor apart from the law-and-order situation that is affecting the business sector, with the high costs of things being passed on to the public. The high cost of…
As part of reforms to the way things are being done in the country’s petroleum sector, the government intends to move from the present Concession Based Licensing system into a Production Sharing Arrangement system. Petroleum and Energy Minister, Kerenga Kua, said the first step the government will be doing to achieve this, is to introduce a bill in parliament to establish a National Petroleum Authority. “This authority will be charged with the administration and management of the Oil and Gas Act,” said the minister. “The National Petroleum Authority within due course will administer and manage the production sharing arrangement.” The…
Papua New Guinea (PNG) will continue with production and investments in the resource sector for energy supply despite the world making efforts to transition to a more cleaner and greener energy sources in the future. This, Prime Minister (PM) James Marape said is because the LNG is a more cleaner source of energy than the other hydrocarbons and also the government is venturing into potential clean energy sources that the country can tap into in the near future. Although the global community is transitioning, PM Marape said there will still be some major economies out there that will still demand…
It’s finals time for the Moni Plus Port Moresby AFL 2023 Premiership Cup challenge with the major semi- final and the preliminary final scheduled for next weekend at the Colts Oval. Port Moresby AFL Association President, Mr. Douglas Lai said the major semi- final match will be between the Gereka Bombers and the Gordons Kokofas, while the preliminary final will be played out between the Gerehu Magpies and the Lamana Dockers. “The winner of the major semi- final will advance to the grand final and the looser will play winner of the preliminary final. The looser of the preliminary final…
President Joe Biden will mark the 22nd anniversary of the 9/11 attacks on New York and Washington at a memorial ceremony in Alaska with members of the military, first responders and their families, the White House said Monday. The commemoration will take place at Joint Base Elmendorf-Richardson in Anchorage and is expected to include units from the Air Force, the Army, Air National Guard, Air Force Reserves and others. Biden will stop in Alaska while returning from the Group of 20, or G-20, summit of world leaders in New Delhi, India. Before arriving in Alaska, Biden plans to travel to…