Today Kumul Petroleum Holdings awarded a contract to OilMin Holdings Limited to carry out seismic work in two petroleum retention licences where KPHL is the operator. General Manager, Fintan Lalor,…
The World Bank Group has announced the appointment of Mr. Khwima Nthara as its new Country Manager for Papua New Guinea (PNG), a position that will streamline country-level leadership across…
Kumul Petroleum Holding Limited has made a significant contribution to the ongoing disaster relief effort in Mulitaka, Enga Province, by presenting a cheque for K1 million to Hon. Peter Ipatas,…
Minister Assisting the Prime Minister on Treasury matters Ian Ling Stucky has reported an improved credit rating for Papua New Guinea from a negative B2 to positive B2. This announced…
A delegation from PanAust recently met with Papua New Guinea Prime Minister James Marape to discuss the economic implications of the Sepik Development Project. The project, which includes the Frieda…
The Bank of Papua New Guinea has released its Monetary Policy Statement for Quarter 1 2024, projecting an increase in inflationary pressures for the year ahead. This forecast is attributed…
The Mineral Resources Development Company (MRDC) has successfully concluded an Awareness Exercise on the Clan Bank Account Opening for the Hides PDL1 beneficiaries in the PNG LNG Project in Hela…
A recent report, the Asia Pacific Outlook released in April, has highlighted the crippling effects of an unreliable power supply on economic growth in Papua New Guinea’s main urban areas.…
Prime Minister and Treasurer, James Marape, expressed his warm welcome to Mayur Resources Ltd for securing US$155 million (K540 million) to finalize the Central Lime Project (CLP) in Kido, Central…
Ok Tedi Mining Limited (OTML) has achieved a significant milestone with a record production result for the first quarter of 2024. The company reported an outstanding achievement of 26,114 dry…
