AGP Executive Report
Last update: 5 hours agoMining & LNG Infrastructure: Ok Tedi Mining commits K30m under PNG’s Tax Credit Scheme to build the Sisimakam–P’nyang Road, a 32km link aimed at unlocking the P’nyang LNG project. Gold Output Update: K92 Mining reports strong Q2 results from Kainantu—46,093 oz gold equivalent, record ore processing and major progress on its Stage 3 expansion. Mining Permits: Adyton Resources secures an environmental permit for the Wapolu Gold Project restart in Milne Bay, clearing a key regulatory hurdle. Exploration Push: South Pacific Metals posts high-grade gold-copper drill hits at Ontenu, adjacent to K92’s Kainantu operation, pointing to a larger system. Trade & Business Links: PNG-India Business Council is registered to scale PNG–India trade from US$600m to US$20b over 10 years, with sector leads spanning resources, finance, tourism and SMEs. Energy & Power Sector: PNG’s National Court backs Dirio Power in its dispute with PNG Power over unpaid bills, supporting contractual certainty for electricity supply. SME Governance: Prime Minister Marape removes Win Daki from Commerce and Industry pending an independent forensic audit into alleged irregularities in the SME Fund. Aviation & Border Systems (Regional): Munda International Airport in Solomon Islands goes live with an electronic border management system, part of PNG-linked trilateral cooperation. Security & Geopolitics: Australia–PNG Pukpuk Treaty enters into force, while PNG PM Marape urges major powers to keep the Pacific a “zone of peace” after China’s missile test. Sports & Hosting: Port Moresby prepares to host the OFC U16 Men’s Championship, with venue readiness and logistics front and centre. Health Alert (Regional): H5N1 bird flu spreads further in Australia, triggering biosecurity concern.
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