PNG Chamber of Mines and Petroleum

Industry will continue to support PNG: Executive

It will contribute immensely to the development of the nation’s human resource, economy, infrastructure and improving the livelihoods and living standards of thousands of communities.

The President of the PNG Chamber of Mines and Petroleum, Gerea Aopi, said this when speaking at the 35th Australia Papua New Guinea Business Forum held in Port Moresby recently.

“The industry alone contributes 26 percent of PNG’s GDP and 80 percent of the nation’s export revenue,” Aopi highlighted.

Chamber welcomes plans for National Petroleum Authority

Chamber President, Gerea Aopi, said it has been many years since the PNG Government agreed to establish a National Petroleum Authority and it was commendable that Dr Fabian Pok has undertaken to finalise preparation of this Bill.

The NPA will play an important role in regulating PNG’s oil and gas sector, which has grown in importance since commencement of LNG exports in May 2014.

Mine workers benefit from FIFO lifestyle: Survey

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 basis, complementing the staff drawn from local communities and host provinces.

Respondents cited a number of benefits of the employment arrangement including:

Chamber of mines welcomes 2019 budget

Deputy Prime Minister and Treasurer Charles Abel 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.

Mines chamber welcomes APEC leaders

The APEC program 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 Guinea, including Newcrest Mining, Oil Search, Total and ExxonMobil, who are all platinum sponsors of the Summit. 

PNG mining minister applauded

Opening the forum in Port Moresby, Minister Tuke highlighted the wide range of challenges the sector faces, and the important work being undertaken by APEC to address these, in collaboration with industry.

In his keynote presentation, international mining expert John Strongman urged APEC Ministers to implement the right fiscal, regulatory and legislative settings to attract global investors. 

PNG resource industry’s contribution

The industry contributed over 26 percent of PNG’s Gross Domestic Product and around 80 percent of the nation’s export revenue valued at K23 billion (approximately US$7.3 billion) as of September 2017.

The industry also directly employs over 20,000 people, with significantly more working in other sectors dependent on the industry, including landowner businesses.

Resource industry supports food security in PNG: Chamber

As delegates from around the world meet in Port Moresby for the APEC Food Security Summit, communities across PNG are benefiting from a range of agricultural initiatives developed and implemented by the resources industry to boost agriculture in project areas.

Recently, the Wafi-Golpu Joint Venture trained 39 women from Hengambu, Yanta, Babua and Wagang villages in Morobe Province on food preparation. The training was conducted by the National Agriculture Research Institute (NARI) in Lae.

Resource industry behind PNG’s growth: Chamber

Speaking at the Papua New Guinea Business Update in Townsville, Australia, earlier this month, Kassman showcased how PNG’s resource sector has played a vital role in the country’s economic development, with PNG being one of the few countries in the world where mining and petroleum projects provide socio-economic opportunities to the local areas they operate in.

During his speech to guests from both Australia and PNG, including Charles Abel, Deputy Prime Minister and Treasurer of Papua New Guinea, Kassman highlighted the following:

Chamber responds to media reports

The Chamber made this statement when responding to media statements recently that the extractive sector was contributing very little to communities while it was enjoying tax concessions.

The Chamber says such statements undermine the significant social and economic contributions resource projects make to local communities and the nation.

It also stated that most people are not aware that PNG’s benefit structure is unique in the world as mining and petroleum companies in many jurisdictions of the world do not provide socio-economic services to the areas they operate in.