Oil Search says PNG could double its LNG production in near future

PNG is on the threshold of substantial new investment that could double its LNG production in the coming years, according to the country’s leading petroleum company. Oil Search managing director, Peter Botten, made this forecast whilst advocating major new infrastructure must be developed in a responsible and sustainable way. Speaking at the PNG Petroleum and Energy Summit in Port Moresby, Mr Botten said the global LNG market is highly competitive

New Barrick president confirms continuing commitments on Porgera

ON his first visit to Papua New Guinea as the new president and CEO of Barrick Gold Corporation, Mark Bristow, said the global mining group is committed to strengthening the Company’s partnership with the government and local communities, which has enabled the Porgera gold mine to deliver substantial benefits to PNG for almost 30 years. During his four-day visit, Bristow met with Deputy Prime Minister Charles Abel and representatives of

PNG mine workers benefit from FIFO lifestyle

A questionnaire by the PNG Chamber of Mines and Petroleum has unearthed a range of benefits that the Fly-in/Fly-Out (FIFO) operating model delivers to PNG workers, their families and the broader community. Distributed to mining projects with PNG employees engaged under FIFO arrangements, the questionnaire revealed inspiring stories and long-term benefits for employees from across PNG. Thousands of workers within Papua New Guinea’s mining industry are employed on a FIFO

Chamber welcomes APEC leaders to Papua New Guinea

THE PNG Chamber of Mines and Petroleum has warmly welcomed world leaders and global CEOs to the Asia-Pacific Economic Cooperation (APEC) meetings which are underway in Port Moresby this week. The APEC programme includes the APEC CEO Summit, which runs from 15-17 November. With the theme “Charting a Common Future”, the program for the summit features a number of keynote speakers from leading resources industry companies operating in Papua New

Frontier says Bulago and Muller Range Warden’s Hearing a success

FRONTIER Resources Limited has announced that the Warden’s Court Hearing for exploration licences EL-1595 (Bulago) and EL-2356 (Muller Range) in the Southern Highlands Province was very successful. The Warden’s Court Hearings to consult with landowners are part of the normal tenement renewal process which will now proceed to the Mining Advisory Council for their recommendation to the Minister for Mining. Frontier said informal discussions with landowner groups were initially held

UPNG medical students fulfill rural placement on YWAM Medical ship

THREE of Papua New Guinea’s upcoming doctors have been getting critical exposure and experience in PNG’s rural villages in Oro and Milne Bay Provinces over the last three weeks while aboard the YWAM Training and Medical Ship, MV YWAM PNG. The final year University of Papua New Guinea medical students, Jemimah Taganny, Georgina Matengim, and Margaret Maku, are completing their final rural placement before they graduate in April. The students have

PNG resource industry supporting development of small and medium enterprises

THE PNG Chamber of Mines and Petroleum is encouraging more landowner and local companies to diversify their operations, and expand outside of project areas to be more competitive and sustainable. Speaking at the APEC MSME & Innovation Summit in Port Moresby, the president of the PNG Chamber of Mines and Petroleum, Gerea Aopi, said the resource industry had helped to establish many of PNG’s micro, small and medium enterprises (MSMEs)

APEC Ministers highlight the importance of security of tenure and stability 
of investment terms

The PNG Chamber of Mines and Petroleum has welcomed the release of the official Statement of the 6th Meeting of the APEC Ministers Responsible for Mining Meeting, following the Ministers’ meeting in Port Moresby on August 23. In the statement, the APEC Ministers said that “sound regulatory and fiscal frameworks are essential to encourage investment in mining, as are security of tenure to investors and stability of investment terms, as

Chamber optimistic that resources industry can can fuel rapid economic growth for PNG

The mining and petroleum industry has been the backbone of Papua New Guinea’s economy for many years with the ongoing success of mining and petroleum projects establishing the country as a prime destination for investment and exploration. This was the message by President of the PNG Chamber of Mines and Petroleum Mr Gerea Aopi CBE to Members of Parliament, Departmental Heads the private sector, and the community at large during

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’