PNGEITI & JICA SIGN TECHNICAL COOPERATION DISCUSSIONS RECORDS TO IMPROVE DATA QUALITY IN PNGEITI REPORTS
Left to Right: PNGEITI Head of National Secretariat Mr. Lucas Alkan, PNGEITI MSG Acting Chairman Mr. John Uware , JICA Chief Representative Mr. MATSUOKA Hideaki, and Mr. Channan Kumalau of the Department of Petroleum after the signing today. PORT MORESBY: A three-year technical cooperation between the PNG Extractive Industries Transparency (PNGEITI) and JICA will boost […]
PUBLICATION OF THE 8TH & 9TH PAPUA NEW GUINEA EXTRACTIVE INDUSTRIES TRANSPARENCY INITIATIVE REPORTS FOR FINANCIAL YEARS 2020 AND 2121 RESPECTIVELY
The Papua New Guinea Extractive Industries Transparency Initiative (PNGEITI) today (31st March, 2023) announces the publication of two flagship reports covering the fiscal years 2020 and 2021 for the extractive sector.
PNGEITI POSITION ON PORGERA MINE LEGACY TAX ISSUES.
The PNGEITI Head of Secretariat Mr. Lucas Alkan says all parties to the Pogera Mine must adhere to rules governing the extractive industry, particularly when dealing with fiscal matters that must be administered and observed according to law. His comments follow a news article on The National citing the Internal Revenue Commission (IRC) that unmet […]
PNGEITI Calls for Transparency in the Sovereign Wealth Fund Arrangement
November 18. 2022 PNGEITI calls for Transparency mechanisms to be built into the Sovereign Fund Wealth Arrangement Transparency mechanisms built into the topical Papua New Guinea Sovereign Wealth Fund (SFW) will enable an effective functioning of the fund, according to the PNG Extractive Industries Transparency Initiative. PNGEITI welcomed the announcement of an initial injection of […]
EITI International Secretariat Post Validation Visit to Papua New Guinea
November 11, 2022 EITI INTERNATIONAL MISSION CONCLUDES PNG VISIT ON A POSITIVE NOTE An EITI International mission led by its Executive Director Mark Robinson to Papua New Guinea concluded today on a good note. The EITI International team comprised of the EITI Executive Director, the Director for Asia and the Pacific and the Country Lead […]
PAPUA NEW GUINEA ACHIEVES MODERATE RATING IN ITS SECOND EITI VALIDATION
October 31, 2022 PAPUA NEW GUINEA ACHIEVES MODERATE RATING IN ITS SECOND EITI VALIDATION (COUNTRY ASSESSMENT ON EITI IMPLEMENTATION) Following Papua New Guinea first Extractive Industries Transparency initiative (EITI) validation in 2018, the EITI international governing body has issued its second assessment on the country’s progress in implementing the EITI Standard. The assessment suggests that […]
PNGLNG PARTNERS IMPLORED TO DISCLOSE NATURE OF TRANSACTION
Date: 29th September, 2022 MEDIA RELEASE PNGLNG PARTNERS IMPLORED TO DISCLOSE NATURE OF TRANSACTION An undertaking by state owned Kumul Petroleum Holdings Limited (KPHL) to increase its PNGLNG equity through a conditional arrangement between PNGLNG partner Santos has raised concerns over the lack of transparency surrounding the whole arrangement and the partial financial transaction that […]
TIMELY ACTION BY GOVERNMENT IS CRITICAL TO REALISE GROWTH PROJECTED BACKED BY THE EXTRACTIVE SECTOR
The PNG economy stands to make a quick recovery and growth can pick up this year if the Government acts early to facilitate recovery in a fragile environment as the country slowly recovers from the Covid 19 challenges, according to the PNG EITI. Head of the PNG Extractive Industry Industries Transparency Initiative Mr Lucas Alkan […]
LIVE MINING DATA EXCELLENT TOOL FOR TRANSPARENCY
LIVE MINING DATA EXCELLENT TOOL FOR TRANSPARENCY The PNG Extractive Industries Transparency Initiative (PNGEITI) has applauded a collaboration between state’s mine regulator, Mineral Resources Authority (MRA) and mine operators to create a digital platform to provide real time mineral data from all major mines in the country. Live data will include numbers showing production […]
Papua New Guinea prepares for Second Validation on EITI Implementation
The Head of Papua New Guinea Extractive Industries Transparency (PNGEITI), Mr. Lucas Alkan announced today that the country will be validated for the second time since PNG signed up to implement the EITI global best practice Standard in 2013. The validation exercise is set to commence on the 30th of October 2020. Mr. Alkan stated that […]
