15.02.19 Uncertainty over mining leases could threaten economic growth in PNG

The PNG Chamber of Mines and Petroleum today said 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 Mr Gerea Aopi CBE commented following reports that projects such as Porgera, Ok Tedi and Ramu Nickel may not have their leases extended. Read more …

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13 Feb 2019 – PNG employment and rebound in growth thanks to Mining and Petroleum

The PNG Chamber of Mines and Petroleum today welcomed a report by the World Bank that has forecasted that new large-scale resource projects could boost Papua New Guinea’s real Gross Domestic Product (GDP) to five percent this year.
The World Bank last week released its February 2019 edition of the PNG Economic Update which outlined PNG’s economic situation and medium-term development prospects.
The report stated that the country’s medium-term economic outlook was optimistic if proposed largescale resource projectsare approved, and that real GDP growth was forecast to rebound this year as major mineral and petroleum export projects return to full production following the 2018 earthquake.
The report further found that jobs in the extractives sector continued to grow in 2018, while overall employment in other sectors fell. Read more …

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29 Jan 2019 – Chamber congratulates Oil Search Managing Director on Award

The Papua New Guinea Chamber of Mines and Petroleum congratulates Oil Search Managing Director Peter Botten on his recognition as a Companion of the Order of Australia. Read More

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22 Jan 2019 – Chamber welcomes new Mineral Resource Authority Managing Director

The PNG Chamber of Mines and Petroleum has welcomed the new Managing Director of the Mineral Resources Authority (MRA) Mr Jerry Garry. Read More

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14 Dec 2018 – Chamber congratulates Government and Wafi Golpu JV Partners on MOU

The PNG Chamber of Mines and Petroleum says the signing of the Memorandum of Understanding (MOU) between the Government and the joint venture partners of the Wafi-Golpu project, Newcrest Mining Ltd and Harmony Gold is a significant step forward for the project and the country.

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13 Dec 2018 – Conference attracts unprecedented international attendance

The 15th Papua New Guinea Mining and Petroleum Investment Conference in Sydney, Australia attracted unprecedented international interest as the country is on the cusp of its biggest ever investment surge in new mining and petroleum projects, according to the PNG Chamber of Mines and Petroleum.

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03.12.18 Chamber President’s welcome speech at Conference

Welcome Address by Chamber President, Gerea Aopi, CBE

Daba namona iboumiuai – Gutpela monin tru long yupela olgeta

We acknowledge the traditional owners of the land on which we are gathered here today. Prime Minister of Papua New Guinea Hon Peter O’Neill, Cabinet Ministers, Members of Parliament, Government representatives, distinguished guests, landowners from PNG, and a special welcome to a landowner from Alaska, ladies and gentlemen. Good morning. It gives me great pleasure to welcome you all to the 15th PNG Mining and Petroleum Investment Conference in my capacity as President of the PNG Chamber of Mines and Petroleum. Read More …

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29.11.18 PNG’s resources industry showcased at upcoming conference in Sydney

Papua New Guinea’s expanding resources industry will be showcased at a major conference to be held in Sydney next week. The PNG Mining and Petroleum Investment Conference, widely regarded as the nation’s premier international conference, will be held from 3 to 5 December 2018 at Sydney’s Hilton Hotel. The event will feature prominent speakers from the PNG government, mining and oil & gas companies. Read more …

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26.11.18 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. Read more …

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23.11.18 Chamber responds to 2019 Budget

The PNG Chamber of Mines and Petroleum has welcomed the 2019 Budget which has passed in the National Parliament of Papua New Guinea. Deputy Prime Minister and Treasurer Hon. Charles Abel last week presented his 2019 Budget, outlining the framework and agenda for the government’s financial priorities over the next year. The Chamber congratulated the government and Treasurer’s commitment to fiscal stability and its focus on ensuring global competitiveness and continued international investment. Read more…

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