Gold Bill’s restriction of Central Bank independence in production of national currency spells disaster for PNG
Anthony Smaré has warned that the provisions of the Gold Bill (National Gold Corporation Bill 2022) which restrict the independence of the Bank of PNG in issuing national currency will be catastrophic for the PNG economy, leading to a scenario of uncontrolled inflation and significant deterioration of the PNG kina. The Morauta government’s reforms in […]
INDUSTRY PARTNERSHIP WITH PNGUOT PRODUCING RESULTS
The mineral resources & energy sectors in Papua New Guinea continue to support the next generation of industry workforce. Through industry’s support, all 2023 final year students were able to complete their PWE, which enabled them to graduate in April 2024. According to Head of School of Mining Engineering at the Papua New Guinea University […]
We’re Hiring: Finance & Admin Officer
Join the Team at the PNG Chamber of Resources & Energy (CORE) Who We Are: The PNG Chamber of Resources & Energy (CORE) is a distinguished non-profit industry association at the forefront of representing the Mineral Resources and Energy sectors in Papua New Guinea. Our commitment extends beyond just advocacy, as we strive to shape […]
PNG CORE ANNOUNCES INAUGURAL PNG RESOURCES WEEK, 1 – 4 JULY 2024
The resources and energy industry sustains the PNG economy, providing economic opportunities and social benefits to millions of Papua New Guinean stakeholders, in addition to contributing over 80% of PNG’s exports and over 25% of PNG’s GDP. It is appropriate that there be an annual event to bring all stakeholders together to celebrate the gains, […]
PNG CORE CONGRATULATES OTML ON ITS SPECIAL MINING LEASE EXTENSION
Anthony Smaré, President of the Papua New Guinea Chamber of Resources & Energy (PNG CORE), on behalf of the PNG energy and resources sector, congratulates Ok Tedi Mining Limited (OTML) on the extension of its Special Mining Lease (SML) and its achievement in continuing to extend the life of Ok Tedi, one of the world’s […]
ANZAC DAY – HONORING THE SACRIFICES FOR FREEDOM AND DEMOCRACY
As Papua New Guinea joins Australia and New Zealand in commemorating ANZAC Day on April 25th, the Papua New Guinea Chamber of Resources and Energy (PNG CORE) pays tribute to the brave men and women who have served and sacrificed in defence of freedom and democracy. ANZAC Day holds significant importance as a day of […]
PNG CORE CONGRATULATES KPHL ON ITS FIRST LNG CARGO SALE
Papua New Guinea Chamber of Resources & Energy (PNG CORE) congratulates Kumul Petroleum Holdings Limited (KPHL) on its first sale of LNG Cargo on the global spot market. In congratulating KPHL on this development, PNG CORE says this bodes well for the national oil company. “The deal by KPHL to sell 144,000 m3 of LNG […]
PNG GOLD MONITORING REGIME ONE OF STRONGEST IN THE WORLD
PNG CORE President Anthony Smaré said today that PNG benefits from one of the strongest gold production monitoring regimes in the world and PNG should feel proud of its current regime in place. “PNG’s mining industry adheres to a very rigorous standard and comprehensive scrutiny by government agencies to ensure transparency and accountability in gold […]
PNG CORE REINFORCES COMMITMENT TO TRANSPARENT RESOURCE GOVERNANCE THROUGH EITI IMPLEMENTATION
PNG CORE recognizes that transparent resource governance is essential for promoting sustainable development and fostering trust among stakeholders. By actively participating in the EITI process and embracing transparent reporting practices, we demonstrate our commitment to responsible resource management and good governance in Papua New Guinea’s extractive industries.
NATIONAL GOLD CORPORATION’S DUBIOUS NUMBERS
PNG CORE President Anthony Smaré has expressed great scepticism over the profit and revenue projections of the proposed gold refinery and mint project by the small Singaporean company Refinery Holdings Pte Ltd and their Papua New Guinean promoters, labelling the financial projections as “highly dubious” and not grounded in any realistic understanding of the refining […]