AGP Executive Report
Last update: 8 hours agoPNG Ports Master Plan: PNG Ports is rolling out a 30-year infrastructure upgrade across 15 of 23 declared ports, moving to modernise wharves and improve resilient connectivity, backed by Australia’s AIFFP (A$621.4m) plus support from the EIB and AFD. Resource Week Push: PNG CORE president Anthony Smaré urged stronger government–industry–landowner–community collaboration so mining, petroleum and energy projects deliver long-term shared benefits. Sovereign Wealth Fund: SWF chief technical adviser Ian Tarutia says the fund is PNG’s “bridge” to long-term independence, turning finite resource revenue into future prosperity. Mining Rules Clarity: K92’s Philip Samar explained at PNG Resource Week how mineral ownership sits with the State under the Mining Act, while land disputes are handled outside mining legislation. Madang SEZ Progress: Madang Integrated SEZ is moving ahead, with a state–RD Tuna joint venture for a 300-metric-ton tuna cannery expected to get approvals soon. Bougainville Drilling: Island Passage Exploration says drilling at EL02 could start in late Aug/Sept, aiming to test copper potential outside Panguna for the first time in 50+ years. Local Business at Airports: NAC awarded premium taxi concessions at Port Moresby International Airport to three PNG operators via tender, aiming to lift service standards and create local opportunities. Government Reshuffle: PM Marape announced a cabinet reshuffle, including major portfolio moves across aviation, environment, ICT, labour, education, livestock, health/defence and immigration.
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