Horizon denies any knowledge of alleged PNG payment

AUSTRALIAN petroleum company Horizon Oil says it has no actual knowledge of any wrongdoing relating to a reported transaction to PNG officials to acquire an interest in Petroleum Retention Licence 21 (PRL 21) in the Western Province of Papua New Guinea. The company has also denied knowledge of reports that leaked documents concerning the matter have been provided to the Australian Federal Police (AFP) and the Australian Securities and Investment

Bougainvilleans show powerful support for independence

THE Bougainville Referendum Commission has revealed that approximately 98% of voters in the recent referendum have voted for independence from PNG The Commission report found that: Number of votes for Greater Autonomy: 3,043 Number of votes for Independence: 176,928 Number of Votes counted: 181,067 Number of informal ballot papers: 1,096 “We thank the two governments of Papua New Guinea and the Autonomous Region of Bougainville, and the people of the

ADB invests US$10 Million in Kina Securities

THE Asian Development Bank (ADB) has made a US$10 million equity investment into Kina Securities Limited (KSL), a fast-growing financial services company in Papua New Guinea. The investment will help to increase the availability of sustainable financial services and support inclusive growth in the Pacific island country. KSL is one of four banks operating in PNG, where an estimated 70% of the population does not have a formal bank account.

Chamber welcomes positive Government commitment on resource laws

THE PNG Chamber of Mines and Petroleum has welcomed the Government’s announcement to consult the industry on the review of major resource laws of Papua New Guinea. The Chamber responded to the positive news at the conclusion of the three-day PNG Mining and Petroleum Conference in Port Moresby following Prime Minister James Marape’s keynote address on Tuesday that his Government will consult the industry on the review of key legislations

Barrick welcomes PNG Government pledge to enforce law and order in Porgera region

BARRICK (Niugini) Limited (“BNL”) has welcomed the Papua New Guinea Government’s commitment to finding a long-term solution for the law-and-order problems that have for decades plagued the Porgera region of Enga Province, home to its Porgera gold mine. The Company noted that, following a two-day visit to the region to meet the community and assess the situation first-hand, police minister Bryan Kramer had pledged to sponsor government measures to strengthen

99% of participants sign on Lihir Compensation and Relocation Agreement

MINERAL Resources Authority (MRA) managing director, Jerry Garry, has congratulated stakeholders of the Lihir Mine Compensation and Relocation Agreement (CRA) negotiations, for successfully completing 99% of the CRA process with Newcrest Lihir Gold Mining Limited (LGL). Mr Garry was on Lihir on a mine site visit and to meet LGL executives when he spoke to the stakeholders. The MD particularly thanked LGL for being a responsible corporate citizen of Papua

Chamber calls on Government to seriously consider impacts of proposed changes to PNG Mining Act

THE PNG Government must seriously consider the economic implications the revised Mining Act will have on the country. In response to the Mining Minister Johnson Tuke’s receny statements in Parliament regarding tabling the revised Act in the current Parliament Sitting, the Chamber urged the Government to seriously consult with the industry to fully understand the impacts some of the proposed amendments would have on future and existing projects. With the

OTML and PNG Civil and Identity Registry officially open Tabubil NID office

OK Tedi Mining Limited (OTML) and the PNG Civil and Identity Registry officially opened the NID (National Identification) office in Tabubil to progress the roll out of NID registrations in the township and Western Province communities. To coincide with the opening, the Acting Registrar General of PNG Civil and Identity Registry Noel Mobiha, under the Civil Registration Act Amended 2014, appointed Jeffrey Tom of Ok Tedi Mining Limited and Benny

Industry welcomes plans for National Petroleum Authority

The PNG Chamber of Mines and Petroleum has welcomed the announcement by the Petroleum Minister, Dr Fabian Pok, that he will table a Bill on the proposed National Petroleum Authority (NPA) in Parliament this year. The Chamber President, Mr Gerea Aopi CBE, said it has been many years since the PNG Government agreed to establish a National Petroleum Authority and it was commendable that Dr Pok has undertaken to finalise

Chamber says uncertainty over mining leases could threaten economic growth in PNG

THE  PNG Chamber of Mines and Petroleum claims that the continued success of existing projects and the development of new ones is critical to the future of Papua New Guinea. And that any significant delay in the renewal and extension of mining licences for the country’s biggest producing mines would have a detrimental effect on the nation’s economy. Chamber president Gerea Aopi CBE commented following reports that projects such as