Prime Minister Marape addresses PNG Investment Conference in Sydney

Prime Minster James Marape addresses 1,300 delegates from PNG, Australia, New Zealand, and neighboring nations who will be attending PNG Investment Week Conference at International Convention Centre in Sydney, Australia.   

Speaking this morning at the flagship event organized by PNG Chamber of Resources and Energy [PNG CORE] highlighted Papua New Guinea’s immense investment potential across various sectors, positioning it as a premier destination for global business partnerships.

Prime Minister Marape said PNG Investment Week Conference is more than just an event but a declaration of commitment to building a resilient and inclusive economy.

“We are taking bold steps to ensure Papua New Guineans reap greater rewards from major resource projects while advancing downstream processing of our vast resources.

“Over the past five years, despite the challenges—including attempts to destabilise our government—we have upheld stability and carved out a clear pathway toward our goal of becoming a K200 billion economy by 2030.

“This progress reflects the dedication and hard work of our people and partners,” Mr. Marape said.

The Prime Minister will also shed light on PNG’s resource sector advancements, spotlighting projects like New Porgera Ltd, Ok Tedi, PNG LNG, and future developments such as Papua LNG, Wafi-Golpu, Pasca, and Wildebeest.

He applauded the contributions of international energy and mining companies operating in PNG.

“Global giants such as ExxonMobil, TOTAL, Santos, PetroChina, and JX Nippon in petroleum and energy, along with major players like China Metallurgical Group Corporation [MCC)], Barrick Gold Corporation, Newmont, and Harmony in mining, recognize the vast potential of Papua New Guinea. This includes opportunities in both upstream processing and downstream activities that will further unlock our economic potential. PNG is open for business and poised for transformative growth."