AGP Executive Report
Last update: 4 hours agoMining: K92 Mining produced 49,776 ounces of gold equivalent at its Kainantu mine in the third quarter, its second-highest quarterly result, and passed one million ounces in cumulative production. Papua LNG: Gulf and Central provinces agreed to an 80:20 split of K6.606 billion in project benefits, clearing a major dispute ahead of a targeted December investment decision. Renewable Energy: Australian-backed solar projects in Oro and Bougainville are expected to benefit more than 66,000 people, including through solar power for remote schools and homes. Gas Exploration: Robinson Energy has been offered a five-year licence for the Triceratops discovery, with a proposed US$52 million work programme including an appraisal well. Agriculture: Plans to revive Morobe’s dormant Garaina Tea Plantation could develop a 400-hectare estate producing up to 620 tonnes annually. Biosecurity: A new PCR laboratory in Port Moresby is set to strengthen pest and disease testing and support agricultural exports.
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