The landowners of the Special Mining Lease (SML) area of the Porgera Mine in Enga province now want full participation in mine contracts under the new agreement of the new Porgera Mine. The landowners have established a landowner company which they aim to apply for contract bids issued out by the state and developer, Barrick Niugini Limited (BNL). Chairman of the landowner company Mr. Sol Taro said for too long they have received a small portion of payments in royalties and not benefiting from the contracts issued out to companies to provide services to the mining project. He said for…
Author: Emmanuel MAIPE
Local producers and service providers in the country will in the near future see the benefits of the establishment of Trade Commission Services under Papua New Guinea (PNG) Foreign Services in the various countries that the country is represented in. The Minister for International Trade and Investment Richard Maru, when making the official announcement of the new Trade Commission Service, said that the establishment of the new Trade Commission Service was a direct decision of the National Government in an effort to improve trade and investments, and the economic growth of PNG. “Since independence we have our Foreign Service operation…
Total Energies, the lead developer of the Papua LNG project, is looking at recruiting over 5, 000 people for the construction phase of the project, through the newly developed WAN PNG Platform. Total Energies Country Manager Mr. Richard Kassman said the construction phase will be done both upstream and downstream, which means the project up in the Gulf province with the Conditioning Plant and then the pipeline down to the facilities in the Central province. “Basically, at very high level of Total employees, we are looking at upstream 3, 000 to 4, 000 people and downstream be 2, 000 to…
Two fire fighters were injured and properties worth over hundred thousand Kina were destroyed on Tuesday evening after fire burned through about two units of buildings at the Yumi Yet estate in Gerehu, Port Moresby. Fire Superintendent of the Waigani Fire Station, Sedrick Luwai said that the fire started at around 4pm at a guest house and then spread to the nearby buildings. He said the fire crew were able to save one school within the premises but couldn’t save the others. “We couldn’t save the other buildings because there were no firebreaks between the units and the whole area inside doesn’t have any fire hydrants to assist firefighters with water.” He…
The Minister for Foreign Affairs Justin Tkachenko will be representing Prime Minister (PM) James Marape and the people of Papua New Guinea (PNG) at the Coronation of King Charles III. The minister made this announcement after he was given instructions from the PM to represent the country. Minister Tkachenko will be travelling in a few days’ time to join the PNG Governor General, Grand Chief Sir Bob Dadae, who has already left for London as the representative of the King. “We look forward to seeing him and representing Papua New Guinea, because King Charles the third is now the King…
It seems that the water ration in the city of Port Moresby could continue beyond the scheduled time given by Water PNG, so to allow for further cleanup of debris to take place at the water treatment plant just outside of the nation’s capital city. According to Water PNG, the initially matter was the cleanup of the debris caused by the heavy rains up in the Sogeri mountains in the Central province, but another issues popped up. According to a notice put out by the state owned water company, due to a urgent maintenance work carried out by another state…
It has been officially confirmed that the President of the United States (US), Joe Biden will be here in Papua New Guinea (PNG) on the 22nd of May to visit the country on his short stop over to Australia. The Minister for Foreign Affairs, Justin Tkatchenko, made the announcement on Saturday 29th April after getting the official confirmation from the US White House in Washington DC of the president’s stop over and visit. The US president’s visit will fall on the same date as the Forum for India- Pacific Islands Cooperation (FIPIC) where the Indian Prime Minister Narendra Modi, will…
The Independent Consumer and Competitions Commission (ICCC) is in the process of conducting inquiries into matters relating to high costs being charged to consumers in both the motor vehicle and shipping industries. ICCC Chief Executive Officer (CEO) and Commissioner Mr. Paulus Ain, said that there have been complaints coming to the office about the hefty prices charged for products and services in these two industries that prompted the planned inquiries. “We are conducting an inquiry into the motor vehicle industry because the price of vehicles has gone up.” “So, we received a lot of complaints from the government that we…
The BSP Financial Group Limited (BSP) stands ready to support the expected economic growth to come from the soon to be constructed Papua LNG project in the Gulf province. BSP Group Chief Executive Officer Mr. Mark Robinson, said this is expected because the Papua LNG project represents a significant investment in Papua New Guinea (PNG). He said the announcement earlier this year that the Papua LNG has reached the front-end engineering and design (FEED) phase indicates some good signs for PNG’s economic prospects. According to the Pacific Economic & Market Insight report, the US$10 billion (K35.2 billion) Papua LNG project…
The country’s consumer watch dog, the Independent Consumer and Competitions Commission (ICCC) would very much like to see business houses pass on the expected reduction of prices of basic goods to consumers in the coming months or be dealt with. The ICCC Chief Executive Officer (CEO) and Commissioner Mr. Paulus Ain said that the global indicators from the Food and Agriculture Organization (FAO), have shown some decline in the overall prices of basic items. “Especially for rice (there has been stable fluctuation), for flour and cooking oil to name a few that have seen some decreases in the prices compared…