PANGU Pati General Secretary Morris Tovebae says the K2.1 billion economic contribution delivered by New Porgera Limited in the first half of 2026 is evidence that the Marape–Rosso Government’s approach to resource development is delivering greater returns to Papua New Guinea.
New Porgera Limited delivered K2.1 billion to PNG’s economy through dividends, taxes and royalties in the first half of 2026, announced on August 16, building on similar results recorded in 2025.
Mr. Tovebae said the results demonstrated the value of taking time to negotiate a better benefit-sharing arrangement that would deliver greater returns to Papua New Guinea, particularly resource owners.
“Negotiations took time and there were challenges along the way, but the difficulties were temporary.
“What matters is that we have secured a better future for PNG and our resource owners.
“The New Porgera results should set the pace for other major resource projects currently under negotiation, including Papua LNG.
“Delays should not be feared when they are necessary to secure a better outcome for Papua New Guinea. We must ensure that our natural resources deliver maximum and lasting benefits to our people.
“The New Porgera experience demonstrated the Pangu-led government’s commitment to ensuring that PNG’s natural wealth translated into tangible benefits for its people and future generations.
“The Government also continues to pursue a stronger national interest in major resource projects, seeking greater PNG participation and benefits from the country’s natural wealth.
“This is part of the legacy Pangu Pati wants to leave behind-a stronger Papua New Guinea where our resources work harder for our people and where future generations inherit greater opportunities and prosperity.
“Seven years into the Marape–Rosso Government, Papua New Guineans deserve an assessment based on facts-not political rhetoric.
“The Government inherited serious fiscal and foreign-exchange pressures in 2019, then faced COVID-19, global inflation and unprecedented economic shocks.”
“Despite this, PNG has maintained economic growth, undertaken difficult fiscal reforms, improved foreign-exchange conditions and significantly increased investment in infrastructure and education.
“The World Bank has officially acknowledged a 5.6 per cent economic growth in 2025, while the IMF has recognized tangible progress in fiscal consolidation, foreign-exchange reforms and public-finance management.
“Connect PNG has expanded national connectivity, while Free Education and HELP have opened greater access to education for millions of Papua New Guinean students.
“But there is unfinished business still.
“That is the party’s honest assessment.
“The Marape–Rosso Government will not claim that everything has been achieved.”
“But neither should its critics claim that seven years have produced nothing,” stated Mr. Tovebae.