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Porgera Gold Mine. Bank of Papua New Guinea (BoPNG) should buy the gold instead and put the money there (in gold) instead of reserving the dollars alone. They should reserve dollars and gold together to stabilize the Kina starting with the artisanal gold market. Why on earth does the BoPNG even give licenses for companies to export gold? - SAM J KAUPA.

GOLD IS STOLEN ON A MASSIVE SCALE IN PAPUA NEW GUINEA

GOLD IS STOLEN ON A MASSIVE SCALE IN PAPUA NEW GUINEA Read More »

Bank of Papua New Guinea (BoPNG) should buy the gold instead and put the money there (in gold) instead of reserving the dollars alone. They should reserve dollars and gold together to stabilize the Kina starting with the artisanal gold market. Why on earth does the BoPNG even give licenses for companies to export gold? – SAM J KAUPA.

IMF BOARD APPROVES K1.2b FOR PAPUA NEW GUINEA

IMF BOARD APPROVES K1.2b FOR PAPUA NEW GUINEA Read More »

The IMF board approved the soft loan last Friday in what Prime Minister James Marape describes as a landmark achievement and a strong vote of confidence in the Marape-Steven government and PNG’s economy from the international community.

FIVE MAJOR ‘MISSING LINK’ ROADS TO BE PUT ON TENDER

FIVE MAJOR ‘MISSING LINK’ ROADS TO BE PUT ON TENDER Read More »

Mr Nali said in response to questions that the government through its Connect PNG road strategy would put out the tenders for the first five missing link roads, led by the Lae-Malalaua road which is called the Trans-Islands Highway, Watarais-Madang-Bogia to East Sepik-West Sepik (to be called the International Highway), the East New Britain-West New Britain Highway, Manus and the Bougainville roads.