Rio Tinto Group has given away its stake in the company that owns an abandoned mine in Papua New Guinea with potential copper and gold reserves worth $51 billion, said a report.
The London-based miner has transferred its 54 per ce
Papua New Guinea is the most difficult and expensive place in the world to access clean water, forcing the poor to spend more than half their income on this essential resource, a charity said on Tuesday.
Some 650 million people do
A large magnitude 7.4 earthquake struck on Tuesday around 150 km (93 miles) south of the town of Rabaul in Papua New Guinea, the US Geological Survey said, setting off a tsunami warning within 300 km of the epicentre.
A major earthquake with a magnitude 7.7 struck off Papua New Guinea on Monday, official monitors said, and a tsunami warning was issued soon after.
The epicentre of the 33 km deep quake was near the town of Rabaul in the northeast
An earthquake with a magnitude 7.8 was recorded off Papua New Guinea on Saturday, the U.S. Geological Survey said.
The quake, at a depth of 10 km (6 miles), hit 68 km southwest of Panguna.
The Pacific Tsunami Warnin
Saudi Arabia-based Red Sea Housing Services (RSH) Company recently signed a SR75 million ($20 million) contract Papua New Guinea (PNG) for the construction of housing units for the local police in Bomana area, Port Moresby.
Rescuers have reached the wreckage of a passenger aircraft that crashed in Papua New Guinea and found no survivors among the 13 passengers and crew, Australian Prime Minister Kevin Rudd said on Wednesday.
The Airlines PNG De Havilland Twin
A passenger plane with 13 people on board disappeared over dense jungle in the South Pacific island nation of Papua New Guinea on Tuesday, the airline and Australian officials said.
Airlines PNG, in a statement quoted by the Australian Bro
Papua New Guinea is close to a deal with Abu Dhabi fund International Petroleum Investment Company (IPIC) to raise A$1.68 billion ($1.1 billion), through exchangeable bonds for Oil Search Limited to fund its stake in an $11 billion LNG p
An earthquake measuring 6.1 struck in the Bismarck Sea off the northern coast of Papua New Guinea on Thursday, but residents on the mainland said there were initial no signs a change in sea level.
The quake, which was 10 km (6.2 miles) dee