Kina Communiqué

In late February, U.S. stocks trimmed the longest monthly rally in a year for the Standard & Poor’s 500 Index, as Federal Reserve Chairman Bernanke gave no indication of further measures to stimulate the economy. However, most global stocks rallied, driving the major indices including the Dow Average to the highest level since 2008, after … Continue reading »

Organic coffee from the remote Kabwum District of Morobe Province has been exported to the United States of America for the first time. The project was generated by the Yus Local Level Government (LLG) council area, the Tree Kangaroo Conservation Program (TKCP), Coffee Industry Corporation (CIC), and a USA-based coffee company, Caffe Vita with local … Continue reading »

A team led by the Department of Environment and Conservation (DEC) and the Mineral Resources Authority (MRA) has begun an awareness program on environmental and other issues related to the Ramu mining project. The programme, which was conducted at Mindre village and the Madang provincial government headquarters complied with the general order from the Madang … Continue reading »

New Britain Palm Oil Ltd, one of the largest fully-integrated industrial producers of sustainable palm oil, has recorded a profit before tax of US$275.5 million during the 2011 financial year, up 110% from US$131.2 million of the previous period. This was made possible by the 69% increase in revenue to US$780.1 million during the same … Continue reading »

Nautilus Minerals has launched a further exploration program in the Bismarck Sea in its exploration tenement areas. These include the Solwara 1 and 2 projects, located at 1,600m water depth in the Bismarck Sea between New Ireland and East New Britain provinces. The Nautilus exploration exercise will be conducted over three months from a fully-equipped … Continue reading »

Gold Anomaly has identified two vertically stacked sheets of high grade gold mineralisation within its Nevera prospect at the Crater Mountain project, Papua New Guinea. The mineralised sheets are up to 20 metres thick and extend along strike of the mineralised zone for at least 150 metres with an inferred extension to the northeast of … Continue reading »

Alexander Mining Ltd, a Papua New Guinea-registered Canadian-owned company, has been issued an exploration licence to work in the Prince Alexander range in the East Sepik province. The exploration licence (ELA 1857) was approved by Mining Minister Byron Chan recently. The company is to begin exploration in the licenced area extending from Wamaina in Yangoru … Continue reading »

Track Authority (KTA) chairman Rueben Maleva has announced the publication of conditions under the reviewed licencing operations for Kokoda Track tour operators. The track is the single largest land-based tourist attraction in Papua New Guinea, attracting thousands of trekkers over the past decades. The review aimed to provide operating guidelines to ensure a world-class trekking … Continue reading »

Shell has opened a representative office in Papua New Guinea, where the Anglo-Dutch oil and gas major is pursuing the potential for LNG export projects. “The opening of the office affirms Shell’s interest to invest in PNG and offers opportunities for us to work more closely with our partner, Petromin,” Ton Ten Have, Shell’s vice … Continue reading »

Newcrest Mining announced a 50% rise in after tax profit for the six months to December. The Melbourne-headquartered company was the fourth largest gold producer in the world in terms of market capitalisation with its annual gold production of about 2.5 million ounces coming from mines in four countries, including its Lihir mine in PNG … Continue reading »