The payment was formally presented during a brief ceremony at the APEC Terminal in Port Moresby, just before Prime Minister James Marape departed for the U.S. to continue discussions on upcoming oil and gas projects.
Port Moresby — New Porgera Limited has paid nearly K199 million in corporate tax to Papua New Guinea’s Internal Revenue Commission (IRC) for the first quarter of 2025, signaling strong early returns from the reactivated gold mine.
PM Marape described the contribution as a “short-term pain for long-term gain,” urging Porgera locals to respect the rule of law and support the full-scale resumption of mining operations, especially amid rising global gold prices.
He also revealed that the long-awaited Community Development Agreement (CDA) — which outlines benefit-sharing and infrastructure commitments — will be signed soon.
Additional developments in Porgera include a new courthouse, ongoing roadworks, and resettlement programs for affected communities.
New Porgera Country Manager Karo Maha confirmed that this tax payment reflects only the first quarter, with a second payment of over K200 million expected. She also announced US$80 million in interim dividends to shareholders.
