AGP Executive Report
Last update: 8 hours agoClimate & Agriculture: PNG launched its new climate plan, targeting a 29% cut in energy-sector emissions by 2035 and calling for accessible international funding. A K44.68 million adaptation project will help farmers in Enga, Milne Bay and New Ireland strengthen food security, as NARI urges growers to prepare irrigation for dry conditions. Mining: Rio Tinto can earn up to 80% of LCL Resources’ Liamu copper-gold project by funding exploration and development, while Freeport Resources has bought back a royalty to secure full ownership of Yandera and attract partners. Industry & Energy: Pacific Lime and Cement has narrowed contractor selection for two proposed cement plants, each designed to produce 2,500 tonnes of clinker daily, and is planning a supporting industrial precinct and port. China’s Guangdong Rising Holdings also signed a cooperation agreement to advance the Frieda River copper-gold and hydropower project. Economic Growth: Parliament passed four bills linked to the US$14.5 billion Papua LNG project, clearing a step toward a final investment decision. The government has also set a K200 billion economy target for 2030, with greater growth from agriculture, manufacturing, transport and other non-resource industries.
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