PNG DPM satisfied with success of sovereign bond roadshow

PNG’s Deputy PM and Treasurer, Charles Abel, says the countries international roadshow to market its inaugural sovereign bond was a success. The DPM and delegation covered Singapore, Hong Kong, London, New York, Boston and Los Angeles in 10 days. In a packed schedule arranged by global lead coordinator Credit Suisse and joint bookrunners Citibank the delegation presented to around 100 global banks and fund managers at 7 meetings per city.

PNG Chamber commends APEC Discussion Series on Mining

The PNG Chamber of Mines and Petroleum has commended APEC Ambassador Ivan Pomaleu and Australian High Commissioner to Papua New Guinea Bruce Davis for including a discussion on mining as part of the APEC Discussion Series at the University of PNG. The discussion gave students and members of the public the opportunity to hear from international mining expert John Strongman who was visiting PNG to moderate the APEC Mining Ministers’

PNG crime fighters trained in latest fraud and corruption investigation techniques

THE Royal Papua New Guinea Constabulary is boosting its efforts to crackdown on financial crimes in Papua New Guinea. By the end of the year, almost 80 police officers will have received specialist training in investigation and prosecution of fraud and corruption. The RPNGC Fraud and Anti-Corruption Directorate is conducting the Fraud Investigations and Prosecutions course nationally. The training was held for 28 officers from the New Guinea Islands Region

High profile PNG development licences under threat

ASX-listed Horizon Oil reports that participants in the high profile PDL-10 Petroleum Development Licence have received a second notice of intention to cancel the licence from the PNG Petroleum Minister, Fabian Pok. The new notice of intention to cancel for PDL-10 and Pipeline Licence 10 (PL-10) follows a similar letter from the Petroleum Minister in May. In that instance, the Petroleum Minister subsequently convened a meeting of the PDL-10 joint

Queen’s recognition a fitting gesture for Greg Anderson’s contribution

The PNG Chamber of Mines and Petroleum has congratulated its founding Executive Director Greg Anderson on his recognition in this year’s Queen’s Birthday Honours. Chamber President Mr Gerea Aopi CBE said Mr Anderson’s recognition as a Officer of the British Empire (OBE) is fitting for someone who has devoted almost his entire life to Papua New Guinea’s development through his many contributions in the mineral and petroleum sectors. “Greg’s illustrious

PNG and Philippines in rice accord

PAPUA New Guinea and the Philippines will jointly promote cooperation in rice production under agreements recently signed in Manila. Philippines Secretary of Agriculture Emmanuel Pinol and PNG Minister for Agriculture and Livestock Benny Allen recently signed agreements to expand and strengthen bilateral relations in the area of agriculture on the occasion of the Official Visit to Manila of PNG Prime Minister Peter O’Neill. The two countries have agreed to jointly

Chamber says Mining Bill sending wrong messages to PNG investors

The PNG Chamber of Mines and Petroleum has expressed grave concerns at the passage of the Mineral Resources Authority (MRA) Bill 2017, saying that the changes are sending a very wrong signal to investors. Chamber President, Gerea Aopi, said today the MRA has been a success story for Papua New Guinea and the Government. “The Chamber, and the Mining industry believe that the performance of MRA over the last decade

PM highlights importance of civil society in UN meeting

The strengthen of the relationship between Government and civil society in Papua New Guinea has been highlighted during a visit by the United Nations High Commissioner for Human Rights, H.E. Zeid Ra’ad Al Hussein. Meeting with the Prime Minister, Hon. Peter O’Neill CMG MP, the UN High Commissioner noted discussions he had held with members of the Papua New Guinea civil society during his visit, and the positive impression this had left with him. PM O’Neill thanked the High Commissioner for

Businesses track sustainable development goals contribution

The United Nations Development Programme (UNDP) has partnered with the Business Council of Papua New Guinea to prepare a platform that maps business engagement with the Sustainable Development Goals. The dashboard, which will be presented online, has been prepared by SocialCops, an India-based data analytics company, to provide a one stop shop for business engagement with SDGs, and will provide a unique fingerprint of how businesses are contributing to the

Two governments progress Bougainville referendum preparation

The Autonomous Bougainville Government (ABG) and the PNG National Government have taken their first steps to establish an independent commission to conduct the Bougainville referendum. The Bougainville Referendum Commission Transitional Committee met in Port Moresby and agreed on a number of activities to get referendum preparations underway. The Transitional Committee is made up of the national and Bougainville Electoral Commissioners, and the National and ABG Chief Secretaries. Bougainville Electoral Commissioner George