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September 13, 2021 -

Interim Dividend Announced for payment in September

Ok Tedi Mining Limited (OTML) Chairman Sir Moi Avei KBE today announced that the Company has declared an interim dividend of PGK150 million to be paid in September 2021. Sir Moi noted that despite a fire incident at the mine’s processing facility late last year that impacted its January 2021 production, and a two-week suspension of operations in March 2021 due to COVID-19, the Company had benefitted from improved second quarter production and strong metal prices. He said, “this has enabled...

Mining

September 13, 2021

Interim Dividend Announced for payment in September

Petroleum

December 07, 2020

PNG PM confident of smooth road ahead for country’s LNG projects

Politics

December 08, 2020

New facilities a boost for Nuku

Law & Order

December 08, 2020

National Anti-Corruption Plan approved

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Mining

September 13, 2021 samithpich

Interim Dividend Announced for payment in September

January 14, 2021 Colin Hay

K92 achieves record annual and quarterly production at Kainantu

K92 Mining Inc.(TSX: KNT) has achieved record production in the fourth quarter (at its Kainantu Gold Mine in Papua New Guinea of 29,820 oz AuEq, or 28,809 ounces of gold, 493,584 pounds of copper and 10,395 ounces of silver. CEO, John Lewins, said annual production also achieved a record of 98,872 oz AuEq or 95,109 oz gold, 1,853,078 lbs copper and 36,067 oz silver, representing year-over-year AuEq production growth of

Petroleum

December 07, 2020 Colin Hay

PNG PM confident of smooth road ahead for country’s LNG projects

PNG’s Prime Minister James Marape has declared that announced that the onshore P’nyang Project and the offshore Pasca condensate field developments “are definitely going ahead.” The PM also announced that he had paved the way for the US$20 billion, Total-operated Papua LNG Project with the passage of six important pieces of legislation by Parliament. Prime Minister Marape said discussions on P’nyang said following a meeting with Total on the Papua

July 02, 2020 Colin Hay

Oil Search to reduce workforce by 34%

LEADING PNG petroleum company Oil Search Ltd has released details of a plan to reduce its workforce by 34% in light of the industry downturn. The company, which recently completed a detailed and systematic review of its organisation and cost structure, which came up with some significant findings, including: Oil Search Full Time Employees (FTEs), which include employees and long-term contractors, have been reduced from 1,649 people as of March

Politics

December 08, 2020 Colin Hay

New facilities a boost for Nuku

OVER 500 people in West Sepik Province will now have access to agriculture training and education services through two new multipurpose centres and a refurbished Local Level Government (LLG) chamber office. The facilities, which were supported by the Papua New Guinea-Australia Partnership, will help improve service delivery and provide economic opportunities for the people of Nuku. These facilities will be centres of training, with a focus on increasing women’s involvement

December 01, 2020 Colin Hay

ADB announces US$150 Million to support universal health care in PNG

THE Asian Development Bank (ADB) has approved a US$150 million loan to help Papua New Guinea provide affordable, accessible, high-quality health services for all PNG citizens. The loan will fund the third and final subprogram of the ADB-supported Health Services Sector Development Programme. “Through ADB’s programme, national and health-specific reforms are expected to increase the availability of funds, and the effectiveness and efficiency of how resources are used,” said Principal

Law & Order

December 08, 2020 Colin Hay

National Anti-Corruption Plan approved

THE National Executive Council has recently endorsed the National Anti-Corruption Plan of Action 2020-2025. Prime Minister James Marape said Cabinet noted the contents of the submission and endorsed the National Anti-Corruption Action Plan and its Monitoring & Evaluation Framework. The Prime Minister said Cabinet has directed the Heads of Departments and Agencies named in the Plan to join the composition of the National Anti-Corruption Taskforce (NACTF) that will be co-chaired

December 01, 2020 Colin Hay

NEC approves village crime prevention strategy

THE National Executive Council (NEC) has recently approved the Crime Prevention through Revitalized Village Courts System Strategy 2020-2030. Prime Minister, James Marape, said the transformation and revitalisation of this first level of judiciary system by approving this strategy will allow Village Court officials and Land Mediators to deal with issues in a more formal setting. Prime Minister Marape said this will give prominence to the Village Courts system as the

Tourism

December 08, 2020 Colin Hay

NAC delivers De Havilland Dash 8-400 to Link PNG

NORDIC Aviation Capital (NAC) has delivered a De Havilland Dash 8-400, MSN 4184, to Link PNG on lease. The aircraft was originally scheduled to deliver in 2019, however, due to the impact of COVID-19 on travel restrictions the delivery was postponed. The improving conditions and easing of restrictions in Papua New Guinea have allowed for the delivery to take place. MSN 4184 is the final aircraft to deliver as part

February 28, 2020 Colin Hay

Air Niugini delays delivery of four 737 Max Jets until at least 2024

AIR Niugini has updated its purchase contract with the Boeing Company to delay the delivery of the four Boeing 737 MAX jets it has on order until at least 2024. The airline’s managing director, Alan Milne, said the four 737 MAX jets were ordered in 2014, and the airline had originally been due to receive its first aircraft later this year. “This delay will give the airline more time to

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