Ok Tedi Mining Limited (Ok Tedi) has today entered into a binding agreement with Kingston Resources Limited (Kingston) to acquire the Misima Gold and Silver Project for A$60M (~US$38M), with further contingent payments totaling up to A$35M (~US$22M). This was announced in a media statement this week. The Misima Gold and Silver Project, located 625km east of Port Moresby in Milne Bay, has a current mineral resource estimate of 3.8Moz of gold and 22.1Moz of silver 1. Ok Tedi operates the Ok Tedi Mine, the longest running open-pit copper, gold and silver mine in Papua New Guinea (PNG). The company…
Author: Kerebi DAVID
BSP Financial Group Limited’s (BSP) Port Moresby Branch is undergoing a full refurbishment. This refurbishment is a key part of the bank’s ongoing modernization program aimed at delivering a better, faster, and more convenient banking experience for all customers. BSP Group General Manager – Retail, Mr. Ronesh Dayal, in announcing this said the bank is upgrading one of its most iconic branches to bring customers a more modern and seamless banking experience. “To ensure there’s no disruption to our services during this exciting transformation, we’ve temporarily relocated all banking operations to the mezzanine floor of the Port Moresby Branch building,…
Marking 50 years of Independence for Papua New Guinea this and recognising those who contributed to the country’s freedom too is a very important gesture. The K100 banknote of Papua New Guinea will have a very new feature, a timely change to the old image of the K100 bank note, giving recognition to one of our founding father Sir Julius Chan. The Bank of Papua New Guinea (BPNG) has received the final blessing from the family of the late Sir Julius Chan to feature his image on the country’s K100 banknote. In a recent visit to the Chan residence in…
Steamships Trading Company has announced the appointment of the country’s number one Human Rights Activist, Ms. Ruth J Kissam as its new General Manager of Corporate Affairs, strengthening the company’s commitment to sustainable business practices and community partnerships. Ms. Kissam brings over 16 years of experience in the development sector, with a strong background as a community organizer and human rights activist. Her extensive work with public and private stakeholders, coupled with her passion for championing impactful campaigns, has made a meaningful difference in both civil society and grassroots communities across Papua New Guinea. Before joining Steamships, Ms. Kissam served…
The PNG Rice Grain Board is now calling on the national government to urgently support commercial rice seed production in the country, and National Agriculture Research Institute (NARI) has come onboard to support this call. Chairman of Rice Grain Board Mr. Koren Maso made this call when meeting with NARI Director General Dr Nelson Simbiken at the NARI Head Office on May 13, 2025, to formalize arrangements for a Memorandum of Understanding in commercial rice seed production with two external rice seed producers in the country. A funding of K11milion has been earmarked in 2023 by the National Government for…
The Chairman of Special Parliamentary Committee on Public Sector Reform and Service Delivery Gary Juffa, has joined the chorus of public outcry on a recent video publicizing disturbing violence of what appears to be excessive and disproportionate force displayed in the bashing of a mother and child accused of minor shop lifting in Madang on 10th of May this year. Chairman Juffa commends the social media users for bringing this matter to light. “As soon as I saw the post I immediately forwarded the footage to the Minister of Police and the Minister for Community Development who both responded very…
The New Ireland Provincial Government is embarking on a mission now to create a sporting body that will oversee different sporting codes within the province. Provincial Administrator Mr. Richard Andia revealed this recently (May 11, 2025) during the launch of the Kunanoka (Kuat, Nalik, Notsi, Kara) Sports Association at Bol village along the Boluminski highway, which is about 93.6 kilometres from the provincial capital, Kavieng. “Under the leadership of our governor and sporting hero Walter Schnaubelt, we have finalized a constitution of the sporting body, and it will go before the next Provincial Executive Council (PEC) meeting for its endorsement.”…
Kouaoro Island just across the Sirinumu Dam at Sogeri in the Hiri Koiari district of Central Province is feared to be submerging due to the continuous heavy rains in the area. Kouaoro Island in Sirinumu is home to 3 Local Level Government (LLG) in Koiari with almost a 4,000 population of people. Sirinumu Dam Ward 17 Councilor Mr. Geno Vincent stated that due to the continues heavy rainfalls since last year, this has very much affected the island, and it looks like the whole island will soon be submerged under water if the rain continues. Mr. Vincent added that most…
Kina Bank is pleased to announce the appointment of Ms. Akino Wano as General Manager Branch Banking. Ms. Akino brings over 20 years of experience to Kina Bank, beginning her career in the banking industry with ANZ as a Proof Operator, now known as Kina Automated Transfer System (KATs) Officer, where she developed a strong foundation and passion for banking. Her early years were grounded in back-office functions, and customer support-nurturing a passion for serving customers and driving better outcomes across banking channels. She went on to take on human resource roles within ANZ and BSP, where she deepened her…
The Government of PNG through the Conservation and Environment Protection Authority officially signed a project document for the implementation of a Global Environment Facility (GEF) initiative under its 8th funding replenishment cycle (GEF-8) on Wednesday 07th May 2025, at the CEPA office. This project is supported by the Food and Agriculture of the United Nations (FAO), and the (GEF-8) project will focus on safeguarding significant, intact tropical rainforest landscapes in the Gulf and Western Province. These areas are vital carbon sinks and biodiversity hotspots which plays critical role in climate regulation and ecosystem stability. An amount of K16million was allocated…