- News : Victory [18/11/2019 - Fiji]
- Sports News : Game cancellation for Australia vs Tonga for round one of women's championships following suspected measles case [17/11/2019 - Fiji]
- Sports News : Fiji thwart BaaBaas fightback to win Twickenham thriller [17/11/2019 - United Kingdom]
- News : Tonga PM Tu‘i‘onetoa ‘recommends’ three TBC journalists be suspended pending investigation [17/11/2019 - Tonga]
- News : Hopes pinned on Constitution to sway Cook Islands Parliamentary select committee decision on same sex ban [17/11/2019 - Cook Islands]
- News : Fiji PM tells Opposition to move on from the past, Opposition leader called on PM to resign [17/11/2019 - Fiji]
- News : Marshall Islands election may be focus for U.S-China competition [17/11/2019 - Marshall Islands]
- News : Agreement will see postal voting returned after Monday’s election in Marshall Islands [17/11/2019 - Marshall Islands]
- News : Fiji PM urges families to get their children vaccinated [17/11/2019 - Fiji]
- News Feature : This derelict mine caused a bloody war. Now Aussie companies are fighting over it again [17/11/2019 - Papua New Guinea]
- Business News : New A350 Airbus will create opportunities for Fijians says AG [17/11/2019 - France]
- Business News : US$100m demand for gas project [17/11/2019 - Fiji]
- Sponsored : Oceania National Olympic Committees (ONOC)
Papua New Guinea wants to retain at least 30 per cent of the gold it currently exports as it transforms its economy under new government leadership.
PNG's Minister for Commerce and Industry Wera Mori told an investor forum in Sydney that the resources-rich nation was developing policies to keep more of the commodities it produces in the country.
PNG was the world's 14th largest gold producer in 2018, according to the World Gold Council.
Mori said the PNG government wants a larger share of the Porgera gold mine as part of lease-renewal talks, diluting the ownership of joint venture partners Barrick Gold Corp and Zijin Mining Group.
He said a portion of Barrick and Zijin's stakes would be given to the national and provincial governments and to landowners.
The minister also said that PNG would consider pegging its currency, the kina, to gold, rather than the US dollar.
PNG's central bank currently fixes its currency to a narrow US dollar band, propping up the kina's value while creating a shortage of dollars available in the Pacific nation.
James Marape, the former finance minister who became PNG's new leader in May, has put some of the world's biggest resources companies on notice over a perceived lack of wealth flowing from their projects back to communities.
Pacific Islands News Association
Who & What is PINA?
International News Safety Institute (INSI)
Media Helping Media