AGP Executive Report
Last update: 4 hours agoPorts: PNG Ports has launched a K25 million Aitape redevelopment, restoring a vital sea link for West Sepik communities that currently rely on flood-prone roads to move goods. Telecommunications: Telikom PNG secured K27.2 million in Australian grant funding to improve efficiency and service reliability, with digital wallet services among its planned initiatives. Power: A K236.7 million Japan-funded transmission upgrade has been commissioned to improve electricity supply to Lae and support industrial growth. Mining: Taruga Minerals says its drill rig is in place at Weioko on Normanby Island, with the maiden gold campaign due to begin shortly. Fisheries: The government is pursuing tuna processing and state-backed investment to retain more value from fisheries and create jobs. Fuel: The K1 billion relief package has been spent; direct subsidies are being phased out, while a GST exemption remains in place through year-end. Resources: Gulf and Central have agreed to an 80:20 split of K6.606 billion in Papua LNG benefits, while K92 Mining reported 49,776 ounces of gold equivalent in third-quarter production and passed one million ounces in cumulative output.
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