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TWM PNG Limited Granted The Highest Level Of Environment Permit That Can Be Issued Under The PNG Environment ACT 2000

TWM Group, a local SME business in the waste and environmental services sector operating in PNG, was recently presented with a Level 3 Environment Permit (EPL-485) by the Conservation and Environment Protection Authority (CEPA). This is the first of its kind to be issued to a Waste Management company in PNG and of this scale. L3 environment permits are applied where the greatest level of environment and social protection are

PM Marape Announces Payment Of K33.7 Million To PNG LNG Project Landowners

Prime Minister Hon. James Marape has announced the payment today (March 10 2022) of K33.7 million – K19.7 million cash and K14 million project component – to upstream PNG LNG Project landowners of Petroleum Development License (PDL) 7 in Hela. The payment was made through the Mineral Resources Development Company (MRDC). PM Marape said PDL 7 was one of a series of upstream PDLs that had been problematic with ongoing

Government makes SME loans available through BSP and NDB

Prime Minister Marape stated in Parliament recently that his government made loan facilities available to SMEs. He said that smaller businesses are able to access credit facilities at Bank South Pacific (BSP) and National Development Bank (NDB). Marape made the statement in a discussion relating to the projected Credit Guarantee Corporation of Papua New Guinea. It was a response to a question from Hon. Richard Maru, the MP for Yangoru-Saussia,

Radisson Hotels Coming to Papua New Guinea – Grand Papua Hotel Joins Radisson Individuals

Coral Sea Hotels has announced an exciting new partnership with Radisson Hotel Group for Grand Papua Hotel to become a member of Radisson Individuals. As a member of Radisson Individuals, Grand Papua Hotel will be integrated into Radisson Hotel Group’s extensive global sales and distribution network. Guests will also benefit from being able to join Radisson Rewards, an industry-leading hotel loyalty program that offers exclusive benefits to millions of guests

PNG Chamber of Mines and Petroleum congratulates all involved in the signing of P’nyang agreement

The Papua New Guinea Chamber of Mines and Petroleum has congratulated all parties involved in the execution of a gas agreement for developing the P’nyang Project. Signatories included joint venture partners Santos, ExxonMobil, JX Nippon, and the PNG government. The agreement was signed at Government House in Port Moresby by Prime Minister Marape, Petroleum Minister Kerenga Kua, Peter Larden from ExxonMobil, and Brett Darley from Santos. The agreement is a

K92 Unveils Robust Kora Stage 3 Expansion PEA

K92 Mining Inc. has received very encouraging results from a Preliminary Economic Assessment (PEA) on its Kora gold deposit, which together with its Irumafimpa gold deposit comprise the Kainantu Gold Mine Project in Papua New Guinea. CEO, John Lewins, said that based on the results of the study, the company is proceeding to a Definitive Feasibility Study (DFS) for the Kora Stage 3 Expansion. Stage 3 Expansion PEA Study Highlights

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

OTML comes to the rescue with medivac into remote Western Province village

TOMMY Gat would have lost both his feet if it was not for the quick response by Ok Tedi Mining Ltd (OTML) to airlift him from his remote village of Seltamin to Tabubil in mid-June. Mr Gat, who is in his 50s, endured three nights of excruciating pain after both his feet were severely burnt when he collapsed and fell into a fire. He suffers from epilepsy, a medical condition

Investigation clears Horizon Oil of alleged PNG bribery allegations

Horizon Oil Ltd reports that an investigation has cleared the company of any wrongdoing in its payment to acquire an interest in PNG Petroleum Retention Licence (PRL) -21 in 2011 it has been found to have not breached any bribery laws. The investigation, which included a forensic review of all aspects of the transaction, was conducted by Herbert Smith Freehills (HSF) and Deloitte with the oversight of an Independent Board

PNG Government and Twinza to commence discussions on Pasca A gas development

TWINZA Oil has welcomed an announcement by PNG Prime Minister, James Marape, that the country’s National Executive Council has endorsed the submission for development of the Pasca A gas-condensate field in the Gulf of Papua. The Government is said to be ready to commence negotiations with Twinza on the Gas Agreement in the near term, setting out the fiscal terms to allow the Project to enter the Front End Engineering