Solomon Islands ministers and officials visited the Wellington Chocolate Factory this week as part of a broader trip to New Zealand aimed at strengthening agricultural partnerships and expanding market opportunities for Pacific farmers.

Minister for Agriculture and Livestock Development Franklyn Derek Wasi and Minister for Health and Medical Services Paul Bosawai led the Solomon Islands delegation, which met with Grow Asia Pacific (GAP) to discuss initiatives supporting farmers in the Solomon Islands.

During the visit, Grow Asia Pacific outlined its work with Solomon Islands farmers to improve production and promote sustainable and climate-smart agricultural practices.

The organisation also showcased Rautini, a social enterprise trading company established in 2022 to connect Pacific farmers and processors with markets in New Zealand.

Cocoa beans remain Rautini’s flagship export product, with the Wellington Chocolate Factory among its clients using beans sourced from Solomon Islands growers in its chocolate products.

The visit provided the delegation with an opportunity to see how Solomon Islands cocoa is processed and used by one of New Zealand’s leading craft chocolate producers.

Chocolatiers at the Wellington Chocolate Factory guided the delegation through the process of making chocolate bars using cocoa beans sourced directly from farmers in Guadalcanal.

Officials said the visit highlights the growing links between Solomon Islands agriculture and international markets, particularly in value-added products such as specialty chocolate.

The delegation also thanked the Wellington Chocolate Factory for hosting the visit and Grow Asia Pacific for providing insights into opportunities to strengthen agricultural value chains and trade partnerships.

Solomon Islands Broadcasting Corporation (SIBC) Board Chairman Solomon Kalu and Chief Executive Officer Johnson Honimae paid a courtesy visit to Prime Minister Jeremiah Manele today at the Prime Minister’s Office to present SIBC’s Strategic Plan 2026–2030 and provide an update on the broadcaster’s operations.

Since its removal as a State-Owned Enterprise (SOE) on 27 June 2022, SIBC has transitioned from a profit-oriented entity to a national broadcaster operating under the Office of the Prime Minister and Cabinet (OPMC).

During the meeting, Mr Kalu and Mr Honimae briefed the Prime Minister, who is also the minister responsible for SIBC, on the vision and priorities outlined in the Strategic Plan. Developed with support from the New Zealand Government, the plan provides a roadmap for the organisation and its staff, outlining key priorities to strengthen SIBC’s services to the people of Solomon Islands.

Prime Minister Manele welcomed the Strategic Plan and reaffirmed the Government’s commitment to strengthening the national broadcaster as a key institution supporting unity and stability across the country.

“SIBC plays a central role in promoting unity and stability, which is one of the Government for National Unity and Transformation’s fundamental policy pillars, Unity and Stability. Hence, we see SIBC as an important institution for the Government,” Prime Minister Manele said.

Chief Executive Officer Johnson Honimae thanked the Prime Minister and the Solomon Islands Government for their continued support for the national broadcaster, including the annual SBD 5 million subvention grant.

He also acknowledged the Government’s decision to release the grant in full rather than in instalments, noting that the support is critical to sustaining SIBC’s operations and services to communities across the country.

Key strategic priorities discussed during the meeting included upgrades to broadcasting infrastructure. Work is currently underway in Lata, Temotu Province, with support from the Prime Minister’s Office to improve radio coverage for communities in the province.

SIBC also highlighted the upgrade of its AM transmission system at Henderson as a priority project. The 1035 AM medium-wave band remains one of the most widely accessed platforms for listeners, particularly in Honiara, Guadalcanal, Malaita, and parts of the Central and Western provinces.

The current AM system operates at only about 50 per cent of its capacity, limiting its reach and signal strength. Upgrading the system would significantly improve signal quality and coverage, enabling more reliable access to news and information for a larger portion of the population.

The broadcaster also noted that shortwave transmission on 5020 kHz at Henderson remains an important channel for audiences in remote islands during morning and evening hours, reinforcing the need to maintain and strengthen national transmission capabilities. SIBC continues to explore partnerships and support to enhance these critical broadcasting systems.

In television, SIBC is also exploring collaboration with Telekom Television (TTV) to broadcast content through one of its channels, while discussions on partnership arrangements continue.

SIBC also maintains working arrangements with Solomon Telekom Company Limited, including the use of its towers to transmit FM signals in Malaita and Western Province, helping to expand access to broadcasting services across the country.

The courtesy visit reaffirmed the strong partnership between SIBC and the Government and highlighted the broadcaster’s central role in informing, connecting and serving Solomon Islanders across the archipelago.

Fiji Prime Minister Sitiveni Rabuka honoured industry leaders and businesses at the ANZ Fiji Excellence in Tourism Awards 2025, highlighting tourism’s continued role as a key driver of the country’s economy.

Speaking at the awards ceremony held in Nadi on 28 February, Rabuka said Fiji’s tourism industry continues to demonstrate resilience and adaptability despite global uncertainties.

“Our ‘Bula’ spirit and the genuine warmth of our people remain our greatest competitive advantage. This essence of true Fijian hospitality is what truly differentiates us in a crowded global market,” Rabuka said.

He described tourism as a cornerstone of Fiji’s economic framework, noting the sector’s strong performance in 2025.

“Tourism remains a cornerstone of Fiji’s economic architecture. Despite global uncertainty and evolving travel patterns, our industry has demonstrated remarkable adaptability and resilience,” Rabuka said.

Citing the Fiji Bureau of Statistics September 2025 Quarterly Report, Rabuka said about $918.4 million was generated from holiday arrivals, making a significant contribution to national output and supporting thousands of Fijian households.

He added that earnings in September 2025 were 23.4 percent higher than in June 2025, reflecting sustained global demand for Fiji’s tourism offerings.

“With room occupancy rates increasing to 62.2 percent and average daily rates reaching new heights, this demonstrates that Fiji’s tourism industry is not only recovering from pre-COVID levels but is thriving,” he said.

“These are not merely positive indicators — they are signals of renewed confidence in Fiji as a premier South Pacific destination. They reflect the trust that international travellers place in the quality, safety and consistency of our tourism offering.”

Rabuka said the awards recognise the dedication and innovation of workers and businesses across the tourism value chain.

“The achievements we celebrate tonight are the result of a coordinated ecosystem — from frontline airport personnel and tour operators to hotel managers, transport providers, restaurateurs, marketers and policymakers. Each plays an indispensable role in delivering a seamless and memorable visitor experience.

“Equally important are our strategic partners and sponsors. Your continued investment and collaboration have strengthened the foundations of this industry and ensured that the benefits of tourism are widely shared across communities.”

Rabuka emphasised that sustained success in tourism will depend on partnerships, innovation and high service standards.

“As we look toward the future, let us remind ourselves of the spirit within us that has turned every challenge into a milestone. It is our unwavering spirit, our unified voice and our passion for excellence that will continue to uplift and inspire our people, ensuring that Fiji remains a premier global destination.”

Among the major awardees were Mark and Janice Hinton, who received the Visionary Award, and Narend Kumar, who was honoured with the Lifetime Achievement Award.

Other key winners included Kolora Mason as Dixon Seeto Tourism Leader, Sawani Hoyt of Tropica Island Resort for Employee Excellence in Service, and Akshay Avin Chand as Rising Star.

Industry recognitions also went to Nanuka Island Resort for Community CSR, Kaibu Fiji Private Island for Environmental Sustainability, Nanuku Resort Fiji for Excellence in Food Tourism, and Rosie Holidays as Inbound and Transport Operators winner.

In the accommodation category, Likuri Island Resort won Accommodation Budget, DoubleTree Resort by Hilton received the Accommodation Superior Award, Malolo Island Resort was named Accommodation Deluxe (less than 50 rooms), Sofitel Fiji Resort and Spa won Accommodation Deluxe (50 rooms and above), and Kaibu Fiji Private Island was recognised under Accommodation Luxury Hotels and Resorts.

The awards recognise excellence across Fiji’s tourism industry, celebrating operators, hospitality professionals and service providers that contribute to the country’s global reputation as a leading travel destination.

Fiji Airports and its chief executive Mesake Nawari have received international recognition at the Pacific Area Travel Writers Association (PATWA) International Travel Awards 2026 held in Berlin, Germany, with Nadi International Airport named Best Airport – South Pacific Islands.

Nawari also received the PATWA Gold Award – Excellence in Leadership – Airports (South Pacific Islands) during the PATWA World Tourism Leaders’ Summit held alongside ITB Berlin on March 4.

The awards recognise governments, organisations, brands and individuals for outstanding contributions to tourism promotion and leadership across the global travel and aviation industry.

Recipients span airlines, airports, hotels, travel agencies, tour operators, destinations, tourism ministries and service providers from across the travel sector.

The awards were presented by PATWA Secretary-General Yatan Ahluwalia.

Nawari said the recognition reflects the collective effort of Fiji’s aviation and tourism stakeholders.

“This is a proud and humbling moment for Fiji Airports and for Fiji, of course, as a popular tourism destination,” Nawari said.

“These awards reflect the dedication, professionalism and passion of our staff and airport stakeholders, who work tirelessly to ensure our airports operate safely, efficiently, and with the warmth that Fiji is known for.

“I am honoured to accept this recognition on behalf of all our board, our staff and stakeholders.”

The recognition of Nadi International Airport highlights Fiji Airports’ continued investment in infrastructure, safety, service excellence and passenger experience.

As Fiji’s main gateway, the airport plays a key role in supporting the country’s tourism sector, trade flows and broader economic growth.

Nawari said the aviation industry will increasingly be shaped by sustainability, technology and evolving traveller expectations.

“Over the next decade, sustainability, technology and customer experience will define the future of travel,” he said.

“At Fiji Airports, we are focused on balancing these priorities, reducing our environmental footprint, embracing smart technologies, and delivering seamless, inclusive and authentic travel experiences.”

Fiji Airports said it remains committed to strengthening partnerships with airline partners, government agencies, tourism stakeholders and travellers as it works toward its vision of becoming “the world-class aviation hub for the Blue Pacific.”

Air Niugini has launched a companywide Customer Experience Transformation (CXT) programme aimed at improving service standards and positioning the national carrier for a higher international airline rating.

The initiative was introduced during the airline’s first staff town hall of 2026 held last Friday in Port Moresby, which also marked the formal welcome of newly appointed Chief Executive Officer Alan Milne.

The CXT programme focuses on strengthening service culture, refining airline products, improving operational systems and aligning departments across the organisation to deliver a consistent and high-quality travel experience.

As part of the transformation, Air Niugini will review around 800 customer touchpoints across the passenger journey, including website and booking systems, airport check-in and lounges, boarding and ground services, onboard seating and cabin service, inflight entertainment, catering and the arrival experience.

The initiative is organised around seven workstreams responsible for different stages of the customer journey to ensure coordinated improvements across the airline.

Acting Chief Operating Officer and project sponsor Capt. Samiu Taufa said the programme represents a significant step in strengthening the airline’s service delivery.

“CXT is more than a programme — it represents our commitment to elevate Air Niugini’s service standards, strengthen our culture and modernise the way we operate. Every customer touchpoint matters, and every employee plays a role in shaping the experience we deliver,” Taufa said.

He added that the transformation is anchored in Air Niugini’s Bird of Paradise Service core belief — “Respect and Care for All,” described as Pasin bilong yumi, or the organisation’s shared values guiding behaviour and decision-making.

In December last year, Air Niugini received a 3-Star Airline Rating from Skytrax, the international air transport rating organisation that evaluates airlines through audits and passenger surveys.

Skytrax assesses airlines across several categories, including cabin service, seating comfort, catering, inflight entertainment, cleanliness and overall passenger experience. A 4-Star rating indicates a high and consistent level of product and service quality.

Through the CXT programme, Air Niugini aims to achieve a 4-Star Skytrax rating by 2027, positioning the airline among leading carriers in the region.

Programme Manager Joeli Qereqeretabua said service excellence depends on building the right organisational culture.

“At the heart of service excellence is mindset. Through the CXT programme, we are mobilising teams across the organisation and strengthening the standards and capabilities that enable our people to deliver ‘Respect and Care for All’ every day,” Qereqeretabua said.

Milne, who previously served with Air Niugini from 2018 to 2020, expressed appreciation for the welcome from employees and said he was encouraged by the company’s focus on improving customer experience.

“My vision is to foster a culture where our people are empowered to identify solutions and deliver outcomes,” Milne said. “I fully support our teams as they work through challenges, and I am committed to ensuring we move forward together with clarity and purpose.”

Employees who contributed ideas to the Bird of Paradise Service core belief were recognised during the town hall with prizes, including return airline tickets to destinations of their choice.

The event was livestreamed to staff across domestic outports and international stations, allowing employees throughout the network to participate in the milestone event.

The Ministry of Policing and Communications is advancing a major legislative review aimed at modernizing Fiji’s telecommunications regulatory framework to support the country’s expanding digital economy.

Minister for Policing and Communications Ioane Naivalurua said the first round of stakeholder consultations was successfully completed from 23 to 27 February, bringing together key industry participants to help shape a future-ready telecommunications environment.

The consultations allowed stakeholders to provide insights and recommendations as the government seeks to update policies governing the telecommunications sector.

The review will cover several critical areas, including wireless telecommunications deployment, Internet of Things (IoT), over-the-top (OTT) services, spectrum management, consumer protection, competition, universal service, network security and regulatory governance.

Naivalurua said the government aims to ensure that Fiji’s telecommunications framework supports digital transformation, economic growth, infrastructure investment and inclusive connectivity.

He added that strengthening the regulatory framework will also help position Fiji as a regional digital hub.

The legislative review is being supported by the International Telecommunication Union to ensure alignment with international best practices.

Telecommunications legislative expert Scott Minehane of Windsor Place Consulting has been engaged to provide technical guidance throughout the review process.

The ministry expressed appreciation to the International Telecommunication Union for its continued support as Fiji works to strengthen its digital future.

A delegation of members of the Australia Pacific Islands Business Council (APIBC), led by President Simon Gorman, will embark on a Northern Pacific business mission commencing on 4 March, with Memoranda of Understanding (MoUs) to be signed in Nauru, the Republic of the Marshall Islands and Guam.

The MoU with Nauru will be formally signed in person on 4 March, following an earlier virtual signing during the Covid-19 pandemic. Similar MoUs will be signed in the Marshall Islands on 6 March and in Guam on 9 March. Each agreement recognises the shared objective of strengthening private sector linkages, promoting inclusive economic development and supporting employment growth through structured business cooperation.

The MoUs provide a framework for collaboration between APIBC and local business chambers and industry bodies, focusing on trade promotion, investment facilitation, business networking and capacity development. They are designed to create practical pathways for engagement between Australian companies and Northern Pacific enterprises, including sector-specific cooperation and joint business initiatives.

APIBC President Simon Gorman said: “From signing MoUs with the Marshall Islands and Guam Chambers of Commerce and following up on relationships arising from the APIBC Infrastructure Forum with delegations in Nauru and Palau, we have a jam-packed itinerary ahead of us.”

Guam is the newest Associate Member of the Pacific Islands Forum, and this mission will mark the first formal engagement between APIBC and a Pacific Islands Forum member industry body in the territory. The engagement reflects growing recognition of Guam’s strategic and commercial role in the Northern Pacific.

As part of the mission, the APIBC delegation will also visit Manila to meet senior executives of the Asian Development Bank (ADB) involved in Pacific programmes. Discussions will focus on strengthening collaboration between APIBC and ADB following the successful Pacific Infrastructure Conference 2025 in Brisbane, and on supporting future regional infrastructure engagement, including the Pacific Infrastructure Business Opportunities Seminar to be held in Nadi in May 2026.

Australia maintains longstanding economic and development partnerships across the Pacific, including in Nauru and the Republic of the Marshall Islands, where Australian companies are active in sectors such as infrastructure, professional services, energy, water and logistics. The mission aims to build on these relationships and explore new areas of commercial collaboration.

During the visit, the delegation will meet government officials, business leaders and development partners to advance dialogue on trade, investment, infrastructure development and private sector growth across the Northern Pacific.

The Australia Pacific Islands Business Council (APIBC), established in 2000, is an independent association of businesses based in Australia and the Pacific Islands. It provides a framework for the private sector to engage with Australian and Pacific Islands governments at senior political and policy levels, supporting practical solutions to trade and investment issues.

APIBC also offers members a strong regional network to advance their business interests across the Pacific. The Council works closely with the Australia Fiji Business Council and the Australia Papua New Guinea Business Council. Membership spans a broad cross-section of industries, including shipping, manufacturing, transport, aviation, professional services, construction, tourism, banking, energy, food and legal services, representing both major corporations and small family-owned enterprises.

Pacific Tourism Organisation has announced a strategic partnership with Fiji Airways as platinum partner for the South Pacific Tourism Exchange (SPTE) 2026.

The event will be held from March 25 to 26, 2026, at the Crowne Plaza Resort & Spa under the theme “Tourism that Connects: Culture, Climate, Community”.

SPTE 2026 will highlight the Pacific’s collective journey as a region united by shared heritage, environmental stewardship and community-driven tourism development. Drawing inspiration from the Pacific vaka — a symbol of connection, navigation and partnership — the event aims to reinforce regional collaboration to strengthen tourism resilience and sustainable growth.

The partnership reflects Fiji Airways’ continued support for tourism development across the Pacific and efforts to strengthen connectivity between Pacific destinations and global markets.

SPTE resumed in 2023 in Christchurch, New Zealand, after a four-year hiatus following international border closures. The event attracted Pacific sellers and international buyers from key global markets. Organisers said the 2026 edition will build on that momentum to deepen engagement between global tourism operators and the Pacific region’s offerings.

As part of the collaboration, Fiji Airways will provide flight support for selected trade partners, international media and key tourism stakeholders to enable broader participation and market exposure for Pacific tourism operators.

SPTE 2026 will continue its role as the Pacific’s premier tourism marketplace, providing opportunities for international buyers and tourism operators to engage directly with the region’s tourism offerings, including emerging destinations and community-based experiences.

SPTO Chief Executive Officer Christopher Cocker welcomed the partnership.

“Fiji Airways is more than a carrier for our region — it is a connector of Pacific people, cultures, and economies. This partnership reflects our shared vision of navigating the future of Pacific tourism together, much like our ancestors who voyaged across the ocean guided by knowledge, trust, and collaboration. Through SPTE 2026, we are strengthening our collective vaka by creating pathways for sustainable tourism that support our communities, safeguards our environment, and celebrate our cultural identity,” he said.

Cocker added that reliable air connectivity remains fundamental to ensuring equitable participation of Pacific destinations in global tourism opportunities and strengthening regional economic development.

Fiji Airways Managing Director and Chief Executive Officer Paul Scurrah reaffirmed the airline’s commitment to supporting the sector.

“As the Pacific’s world-class flagship carrier, Fiji Airways is proud to partner with Pacific Tourism Organisation for SPTE 2026. True connectivity goes beyond flights; it’s about linking communities, enabling opportunity, and sharing the Pacific’s story with the world.

“Tourism is a key economic driver for our region, and SPTE provides a valuable platform to create new business opportunities, attract investment, and support long-term resilience across Pacific destinations.”

The event will convene tourism operators, international buyers, development partners and media to strengthen partnerships, generate business opportunities and showcase Pacific experiences. It will also feature an Industry Day and a dedicated Women in Business component aimed at reinforcing collaboration, knowledge exchange and inclusive growth across the regional tourism sector.

The Alisuri Sustainable Livelihood Association in Marokafo village, an inland community in the northern region of Malaita Province, is helping women save money to support their families.

The association is one of 45 Agribusiness Producer Organisations (ABPOs) in Malaita Province supported by the Solomon Islands Agriculture Rural Transformation (SIART) Project — a partnership between the Ministry of Agriculture and Livestock and the World Bank.

Through active involvement in the management and production of cocoa, women in the community have established a Women’s Savings Club, which now forms part of their ABPO.

“We started off with each woman giving their contributions to the saving club,” the women told a SIART team that recently visited the community.

The club currently has 32 members, comprising wives and children of local farmers who are members of the ABPO in Marokafo village.

ABPOs are groups of farmers and agri-entrepreneurs who work together to access markets, financing and support services.

“Through our support towards our cocoa farms, we have been able to save money to meet our family obligations,” the women said.

When the SIART team conducts farmer training in the area, the association engages the Women’s Savings Club to provide catering services.

“Just recently we supported the association in clearing nurseries for our farmers who are members of the association and they paid us for the labour. This is an example of how women in our community are benefitting,” they said.

Chairman of the Alisuri Sustainable Livelihood Association, Elton Eteka, said the ABPO has 29 household farmers, with women also registered as members.

Each household maintains between 200 and 4,000 cocoa trees. The association purchases wet beans from its members as well as from farmers in surrounding communities before processing them. SIART supports the ABPO with processing facilities and a revolving fund to initiate the purchase of wet beans.

The association transports the dried beans to buyers in the provincial capital, Auki, and shares the profits with member households.

“When each household harvests, they leave aside money for women to save in their saving club,” Eteka said.

“One good thing about the saving club is when the association pays for wet beans and is short of cash, our association borrows money from the saving club and repays it with interest, which helps in growing the women’s savings,” he added.

The association also allows women to purchase wet beans from farmers, process them and sell the dried product, with all earnings directed to the savings club.

During peak season, individual farmers in Marokafo village can earn up to $6,000 from a single harvest.

For the association, Eteka said that after purchasing wet beans from farmers, it can generate up to $50,000 in a fortnight during high crop periods.

SIART remains committed to working with ABPOs in rural communities to increase agricultural production and, more importantly, improve livelihoods in rural areas.

Regional growth and trade resilience are under renewed scrutiny as Pacific Trade Invest (PTI) launched the 2026 Pacific Islands Export Survey, inviting businesses across 16 Forum Island Countries to participate in the region’s only longitudinal study of exporter sentiment.

The survey comes at a time when global trade conditions are increasingly shaped by evolving tariff settings, geopolitical competition, freight volatility, labour constraints and climate-related pressures. PTI said it is critical that Pacific businesses ensure their voices are reflected in the evidence shaping regional economic priorities.

Conducted every two years since 2014, the survey has generated more than a decade of primary research tracking exporter performance, confidence, barriers and emerging opportunities. In a region where comprehensive private sector statistics remain limited, it remains one of the few credible sources of regionally generated data.

The Secretary General of the Pacific Islands Forum, Baron Divavesi Waqa, said the initiative aligns with the region’s long-term vision under the 2050 Strategy for the Blue Pacific Continent.

“Our 2050 Strategy for the Blue Pacific Continent calls for a resilient, inclusive and sustainable regional economy shaped by Pacific priorities and Pacific voices. The survey provides an important avenue for exporters and tourism operators to contribute directly to this shared endeavour, strengthening the evidence that supports regional cooperation and coordinated economic action,” Waqa said.

Recognising tourism as a core services export, the survey explicitly includes businesses that sell to international visitors. PTI said strong participation from tourism operators would strengthen the overall dataset and ensure service exports are fully represented alongside goods exports in regional reporting.

The survey, which takes about 10 minutes to complete and is mobile-friendly, is open to goods and services exporters, tourism businesses, chambers of commerce and industry associations. Participants are encouraged to share the survey through their networks to broaden representation in regional trade policy discussions.

PTI Network General Manager Caleb Jarvis said strong participation would be critical to ensuring business perspectives are reflected in regional trade and economic deliberations.

“In 2024, participating businesses identified freight costs, market access constraints and labour shortages among the most significant barriers to growth. Strong participation in 2026 — across all operators, big and small — will ensure the evidence reflects the breadth of business conditions across our region and strengthens the case for practical, targeted support,” Jarvis said.

Founded in 1979, Pacific Trade Invest facilitates trade and investment in the Pacific and works to strengthen export capability and international market access for businesses across the region.

The survey is available at: pti.mobi/PacificIslandsExportSurvey2026-5

On the sidelines of the 2026 Prospectors & Developers Association of Canada (PDAC) Investment Convention in Toronto, Canada, Papua New Guinea’s Minister for Mining Solen Loifa, MP, announced a sweeping suite of regulatory and institutional reforms designed to transform PNG into the Asia-Pacific region’s most conducive destination for mining investment.

Under the government’s “Reset@50” agenda, Minister Loifa committed to a six- to nine-month implementation window to finalize a new regulatory framework.

This “New Deal” for the sector prioritizes the removal of bureaucratic bottlenecks and the modernization of laws that have remained largely unchanged since 1992.

Key Pillars of the Reform Agenda

1. Establishment of a “One-Stop Shop”

The government is realigning policy and institutions to create a streamlined, integrated service center for investors. This reform will centralize licensing, permitting and compliance, ensuring that explorers and miners no longer face fragmented departmental processes.

2. Modernizing Exploration Rights

To support the high-risk pioneer stage of mining, the government will extend the tenure of exploration licenses (EL) from two years to five years. This provides the long-term stability required for modern, technology-driven exploration programs.

3. Introduction of Retention Licenses

For the first time, a formal retention license category will be introduced, allowing companies to hold and protect discovered deposits during periods of unfavorable market conditions or technical feasibility studies.

4. Bypassing the First-in-Time Requirement for Projects of Significance

The government is moving toward a more merit-based and strategic allocation of tenements to ensure genuine operators are prioritized for areas identified as highly prospective. This will not affect existing license areas or applicants seeking to conduct exploration in areas not reserved for the intended purpose. The government will use both first-in-time and merit-based approaches on a case-by-case basis.

5. Removing Red Tape

The minister specifically targeted the “lengthy and cumbersome” process through increased staff capacity and a drive toward an electronically automated system. New regulations will mandate strict timelines for renewals to ensure that projects do not stall due to administrative delays.

6. Inclusive Workforce

Reforms to mining safety laws will formally enable and encourage women to work in all aspects of mining, ensuring the industry reflects the talent and diversity of the entire population. This will enable women to work underground, unlike the current restriction in 1977 legislation.

7. Realignment of Policy and Regulatory Framework Under a Single Entity — Reforming the Mineral Resources Authority (MRA)

The Mineral Resources Authority (MRA) is the government agency responsible for regulating the mining industry in Papua New Guinea. It is currently undergoing a strategic realignment to serve as the primary gateway for the “One-Stop Shop” investment initiative.

Minister Loifa emphasized that these changes were not merely proposals but were a core mandate of his leadership.

“Our message to the global mining community is clear. We have heard your concerns regarding regulatory uncertainty and administrative delays,” said Minister Loifa.

“We are removing the hurdles that have historically slowed discovery, while ensuring that the people of Papua New Guinea benefit equitably from our resource wealth.”

The PDAC is the world’s premier mineral exploration and mining convention, which kicked off March 1 (Canada time) and will go on until March 4. This is an annual event that brings together more than 27,000 attendees from over 125 countries for educational programming, networking events and business opportunities.

Since it began in 1932, the convention has grown in size, stature and influence. The award-winning event is a gathering where familiar faces reunite, new connections are forged and the future of mineral exploration takes shape one conversation at a time. It is the event of choice for the industry, hosting more than 1,300 exhibitors and 700 presenters.

The Government of Fiji and the Millennium Challenge Corporation (MCC) have taken a significant step toward advancing private sector-led growth and strengthening economic ties between Fiji and the United States.

The Compact Development Funding Agreement was signed by U.S. Deputy Secretary of State Christopher Landau and Fiji’s Minister for Finance, Commerce and Business Development, Esrom Immanuel.

The agreement enables joint technical work to design projects aimed at enhancing Fiji’s economy while creating new opportunities for U.S. trade and investment.

“This is more than an agreement — it is a catalyst for prosperity. By working with Fiji, we aim to design a compact that drives investment, opens new markets for American companies and strengthens the foundation for a free and open Indo-Pacific,” Landau said.

“This agreement reflects Fiji’s commitment to good governance, economic freedom and growth-oriented investment,” Immanuel said. “Together, we will address key development challenges and deliver lasting benefits for Fijians.”

Fiji was selected by the MCC Board in August 2025 to develop a compact programme, recognising the country’s reform momentum and its role as a regional hub for transport, business, healthcare and workforce development.

MCC compacts are five-year agreements that fund programmes addressing key constraints to economic growth. The new agreement launches a data-driven design process to identify priority sectors and develop projects aligned with Fiji’s long-term development objectives and shared strategic interests in the Pacific.

MCC continues to expand its engagement in the Pacific, with ongoing or developing programmes in Solomon Islands, Kiribati and Tonga.

To date, MCC has committed nearly $115 million to support Pacific Island countries in addressing structural economic challenges and strengthening connections to global markets and U.S. businesses.

The Millennium Challenge Corporation is an independent U.S. government agency focused on promoting sustainable economic growth through results-based foreign assistance. Its grants support large-scale infrastructure, policy reforms and economic modernisation initiatives.

Prime Minister Jeremiah Manele met with United States Deputy Secretary of State Christopher Landau on the margins of The Pacific Agenda: Investment, Security, and Shared Prosperity Summit to advance bilateral cooperation and shared regional priorities.

Prime Minister Manele expressed appreciation to the Government of the United States for convening the summit and reaffirmed Solomon Islands’ strong commitment to its longstanding partnership with the United States. He noted that engagements such as the summit provide valuable opportunities to deepen cooperation on economic development, security and regional prosperity.

Reflecting on the enduring relationship between the two countries, the prime minister highlighted the historical bonds forged through shared sacrifice during the Battle of Guadalcanal and acknowledged continued United States support for Solomon Islands’ national development priorities.

Building on this shared history, Manele conveyed the Government’s appreciation for United States assistance in addressing unexploded ordnance (UXO) through ongoing clearance efforts supported by The HALO Trust programme.

He emphasised that more than 80 years after the Second World War, UXO contamination continues to pose serious safety risks, claim lives and remain a significant impediment to development across Solomon Islands. Deputy Secretary Landau acknowledged the ongoing challenges posed by UXO and indicated he would follow up with relevant officials to strengthen cooperation in clearance efforts.

Discussions also focused on expanding economic cooperation and investment opportunities. Manele expressed Solomon Islands’ interest in engaging with the U.S. International Development Finance Corporation (DFC), noting the Government’s commitment to creating an enabling environment for private sector growth. He acknowledged that high energy costs remain a major constraint to investment, identifying affordable and reliable energy as a key national priority.

The prime minister also outlined strategic development initiatives, including the Bina Harbour Tuna Processing Plant Project, and highlighted fisheries as one of Solomon Islands’ most valuable economic resources with strong potential for partnership and sustainable growth.

The meeting further reviewed ongoing collaboration under the Millennium Challenge Corporation (MCC) Threshold Program. Manele reaffirmed Solomon Islands’ commitment to working closely with the United States towards a future full Compact arrangement aimed at supporting economic reform, sustainable growth and poverty reduction.

Beyond economic cooperation, both sides acknowledged the importance of strengthening people-to-people ties. Manele emphasised education diplomacy and highlighted public health challenges facing Solomon Islands, particularly malaria and dengue, noting that disease eradication remains an ongoing national challenge requiring sustained partnership.

Regional and maritime security cooperation also featured in discussions, including collaboration through the proposed Shiprider Agreement to address transnational crime and illegal activities within Solomon Islands’ maritime domain.

Manele confirmed that the agreement would be revisited by Cabinet through the Ministry of Foreign Affairs, alongside progress towards ratification of relevant transnational crime conventions.

Deputy Secretary Landau welcomed Manele’s participation at the summit and described the bilateral relationship as entering a renewed phase of engagement, reaffirming the United States’ readiness to pursue a fresh start in cooperation with Solomon Islands. Manele, in turn, reaffirmed Solomon Islands’ commitment to constructive re-engagement and a strengthened partnership with the United States.

He assured Landau that Solomon Islands would review relevant modalities with the United States regarding potential future cooperation. Manele also acknowledged ongoing engagement towards renewing the Memorandum of Understanding on Cooperation in the Recovery and Repatriation of World War II Personnel Remains between Solomon Islands and the United States.

The prime minister also informed Landau of Solomon Islands’ upcoming 50th Independence Anniversary celebrations in 2028 and outlined plans to invite development partners to join Solomon Islanders in commemorating this important national milestone.

The Vanuatu Financial Services Commission (VFSC) has been recognised as an Associate Member of the International Organization of Securities Commissions (IOSCO), marking a major milestone for the country’s financial regulator and enhancing its standing within the global financial community.

IOSCO is the international standard-setting body for securities regulation, bringing together regulators from some of the world’s largest and most sophisticated financial markets.

While IOSCO Associate Membership does not constitute an endorsement of any jurisdiction or regulated entity, VFSC’s acceptance reflects growing international confidence in Vanuatu’s financial regulatory systems. It does not imply approval of any financial products or services operating in or from the country.

VFSC Commissioner Branan Karae described the achievement as the result of years of sustained strategic effort.

“This is a very prestigious organisation. The application process took approximately three years, involving detailed assessments and engagement with IOSCO sub-committees before final approval by the IOSCO Board,” Karae said. “After a lengthy process, we are very pleased to be recognised as an IOSCO Associate Member.”

According to Karae, the timing of the recognition is particularly significant as Vanuatu prepares for a Financial Action Task Force (FATF) Mutual Evaluation Review (MER) in November.

The fifth round of Vanuatu’s Asia/Pacific Group on Money Laundering (APG) Mutual Evaluation Review will assess the country’s anti-money laundering (AML) and counter-terrorism financing (CTF) frameworks against the FATF’s 40 Recommendations.

“The IOSCO Associate Membership will help elevate Vanuatu’s international standing, especially ahead of the FATF APG MER scheduled for November 2026,” Karae said. “It is one of the strategic steps demonstrating our commitment to international standards and cooperation in combating AML, CTF and other financial crimes.”

Vanuatu has faced ongoing challenges relating to international perceptions of its financial sector, including difficulties with correspondent banking relationships.

Karae said the VFSC’s IOSCO Associate Membership helps counter outdated and unhelpful narratives.

“Being part of this standard-setting body shows that Vanuatu is serious, willing to engage and prepared to meet global expectations,” he said. “It improves how the world views our regulatory institutions.”

As an IOSCO Associate Member, the VFSC will be able to participate in IOSCO committees, engage with international securities regulators and take part in capacity-building programmes aimed at strengthening regulatory effectiveness.

Karae confirmed that the VFSC has already been invited to attend upcoming IOSCO meetings, including an international meeting scheduled to take place in Sydney in March 2026.

“For the first time, we have been invited to attend IOSCO meetings and participate in strategic committees and processes,” he said. “This gives us the opportunity to contribute, learn and build relationships with regulators from around the world.”

He added that the VFSC intends to move towards full IOSCO membership, which requires signing the IOSCO Multilateral Memorandum of Understanding — the global benchmark for cross-border enforcement cooperation and information sharing.

“We see Associate Membership as a stepping stone,” Karae said. “We are committed to doing the work required to become a full IOSCO member," he said.

The commissioner also highlighted VFSC’s expanding international engagement, including work on memoranda of understanding with overseas regulators, including institutions within the European Union.

“Many international bodies do not know much about the Pacific,” Karae said. “Once you are part of these networks, it becomes much easier to engage, share information and demonstrate compliance with international standards.”

The VFSC’s leadership in virtual asset regulation and financial market supervision is also helping to strengthen its international profile and strategically position the statutory authority.

Karae described the IOSCO recognition as an important validation of the commission’s regulatory direction.

“This is an exciting time for the VFSC,” he said. “It shows that despite being small and geographically remote, Vanuatu can meet global regulatory standards and take its place alongside other international regulators.”

He said the VFSC would continue strengthening its regulatory frameworks, promoting transparency and actively participating in regional and global initiatives to support financial integrity and market confidence.

The VFSC remains committed to collaborating with the private sector on future initiatives.

“The VFSC acknowledges and appreciates the Financial Centre Association of Vanuatu’s valuable input, which contributed to our successful admission as an IOSCO Associate Member,” Karae said.

He also acknowledged the VFSC’s supervisory team, led by Joshua Tari, for their technical work and efforts in preparing the successful submission.

The Government for National Unity and Transformation (GNUT) has reaffirmed its national development priorities during a bilateral meeting with the Asian Development Bank (ADB) on the margins of the Pacific Agenda Summit in Honolulu.

Minister of Finance and Treasury Rexson Ramofafia and Minister for National Planning and Aid Coordination Trevor Manemahaga met with ADB Vice-President for East and Southeast Asia and the Pacific Scott Morris and Director General of the Pacific Department Emma Veve.

ADB said the purpose of the meeting was to better understand the Solomon Islands Government’s immediate and medium-term priorities and how the Bank can effectively align its support.

On behalf of the Government and people of Solomon Islands, Ramofafia thanked ADB for its continued partnership and acknowledged the recent opening of the Bank’s country mission in Honiara, describing it as a significant step towards strengthening coordination and improving project delivery.

Ramofafia outlined GNUT’s priority goals over the next two years, including Solomon Islands’ graduation from Least Developed Country (LDC) status in 2027 and the celebration of the nation’s 50th Independence Anniversary on 7 July 2028.

He emphasised that a key milestone for the Government is the timely completion of major infrastructure projects ahead of the 50th anniversary celebrations.

Drawing on lessons from the Land and Maritime Connectivity Project (LMCP), particularly the phasing out of Phase II and preparations for Phase III, the minister highlighted areas requiring improvement. He requested that administrative and procurement processes be fast-tracked to avoid delays experienced in previous phases, noting that efficient implementation will be critical to achieving GNUT’s 2028 targets.

ADB acknowledged that procurement and administrative processes have contributed to delays in some projects and expressed its commitment to working more closely with the Government to address these issues.

Ramofafia also raised the importance of progressing discussions on a Sovereign Wealth Fund, highlighting its relevance to long-term fiscal sustainability and intergenerational equity. ADB indicated that further engagement with Solomon Islands would be required to advance discussions in this area.

Planning Minister Manemahaga reiterated the finance minister’s concerns and stressed the importance of prioritising high-return projects that generate sustainable economic growth. While infrastructure remains critical, he emphasised the need to support Solomon Islanders in the private sector, strengthen livelihoods and invest in the social sectors to ensure inclusive and broad-based development.

During the meeting, Manemahaga formally handed over the Solomon Islands National Infrastructure Investment Plan (SINIP) to ADB to provide a clear understanding of the Government’s infrastructure priorities and long-term development plans.

Both parties described the discussions as constructive and meaningful, reaffirming their shared commitment to strengthening cooperation and ensuring Solomon Islands remains on track to achieve its national development milestones.

Prime Minister Sitiveni Rabuka tonight (24 February 2026) officially launched AMA Insurance Company Limited, marking a new chapter for Fiji’s insurance sector.

AMA Insurance Company Limited, a subsidiary of Apia Insurance Company Limited of Samoa, will initially employ 10 to 12 Fijian professionals, with plans to expand its workforce to 15 to 20 within the next 18 months, creating new opportunities and strengthening local expertise in the industry.

Speaking at the launch, the Prime Minister said the entry of a new institution into Fiji’s insurance sector signals confidence in the economy and in the nation’s long-term prospects.

“Insurance is not merely a financial service; it is a cornerstone of resilience,” Rabuka said.

“It enables families to recover from hardship, allows businesses to manage risk responsibly and strengthens national economic stability in an increasingly uncertain world.”

Rabuka described the establishment of the company as a timely and welcome addition to Fiji’s evolving financial landscape.

“It brings with it the promise of broader coverage, improved service standards and renewed innovation in designing products that promote greater consumer trust while supporting sustainable economic advancement across the country.”

Reflecting on its economic impact, the Prime Minister said AMA Insurance will expand choice within Fiji’s insurance market, encourage healthy competition, improve service standards and broaden product innovation tailored to the needs of households, small enterprises and communities.

“AMA’s establishment also contributes to employment and professional development within the financial services sector. It helps cultivate the technical expertise that is essential to a modern insurance industry.

“Importantly, this investment reflects regional confidence in Fiji’s regulatory and business environment, workforce capability and economic trajectory. It reinforces Fiji’s reputation and standing in the region as a credible destination for responsible investment.”

Chairman of AMA Insurance Company Limited Tuiaopo Andrew Ah Liki said the company is entering the Fijian market to expand access, improve affordability and strengthen resilience for communities across Fiji and the wider Pacific.

“In Samoa, our reputation is built on honouring claims. We stand with our customers in their moments of need. When disaster strikes, they are not looking for fine print; they are looking for support. That same commitment will guide AMA Insurance in Fiji,” he said.

“Insurance is not about collecting premiums; it is about keeping promises.

“Tonight, we do more than launch a company; we launch a promise — a promise to protect lives, build futures and strengthen the resilience of every Pacific community.”

He added that the company is committed to hiring locally, training locally and building expertise in underwriting, claims, risk assessment and governance.

The Prime Minister further reaffirmed the Coalition Government’s commitment to creating an environment that attracts credible, long-term investment into Fiji’s insurance sector, in line with the National Development Plan’s emphasis on policy stability, regulatory certainty and a strong investment climate.

Australian gold producer St Barbara Limited has returned to underlying profitability in the first half of FY2026, while expanding mineral resources at its Simberi Operations in Papua New Guinea and advancing a fully funded pathway for the New Simberi Gold Project.

For the six months to 31 December 2025, the group reported an underlying net profit after tax of A$1.336 million, a marked reversal from an underlying loss of A$48.058 million in the corresponding period a year earlier. Statutory loss after tax narrowed to A$249,000, compared with A$48.526 million previously.

Revenue from ordinary activities rose 32 per cent to A$128.83 million, underpinned by improved operating performance at Simberi and a stronger gold price environment.

Simberi drives operational recovery

Simberi generated a pre-tax segment operating profit of A$20.639 million in the half year, contributing A$23.382 million in operating cash before sustaining capital.

Gold production at Simberi totalled 20,215 ounces, compared with 22,495 ounces in the prior corresponding period. The average gold price received was A$5,822 per ounce, up from A$3,916 per ounce a year earlier. Cash cost for the period was A$5,170 per ounce, with all-in sustaining cost at A$5,397 per ounce.

Mine operating costs declined to A$95.82 million from A$116.164 million, reflecting lower maintenance costs following fleet upgrades and plant improvements.

Total growth capital expenditure at Simberi reached A$36.111 million, largely associated with advancing the New Simberi Gold Project, including mobile fleet additions, camp upgrades, ball mill procurement and water treatment infrastructure.

Resources expand; silver reported for first time

Alongside its half-year results, St Barbara updated its Mineral Resources and Ore Reserves Statement as at 31 December 2025.

Group Mineral Resources for gold increased to 7.9 million ounces, up 1.0 million ounces from 6.9 million ounces a year earlier. Group Ore Reserves for gold stood at 3.8 million ounces, compared with 4.0 million ounces at 31 December 2024.

At Simberi alone, gold Mineral Resources rose by 0.9 million ounces (17 per cent) to 5.8 million ounces (net of depletion), while Ore Reserves decreased by 0.2 million ounces to 2.5 million ounces.

Total Simberi gold Mineral Resources are estimated at 136.5 million tonnes at 1.3 g/t for 5.8 million ounces of contained gold. Simberi gold Ore Reserves stand at 42.9 million tonnes at 1.8 g/t for 2.5 million ounces.

Significantly for PNG, silver Mineral Resources and Ore Reserves were reported for the first time at Simberi. Silver Mineral Resources total 15.3 million ounces and Ore Reserves total 4.5 million ounces of contained silver.

The increases in Mineral Resources were largely driven by updated feasibility and pre-feasibility studies and revised economic assumptions, including reporting at a higher gold price of US$2,500 per ounce.

Fully funded pathway to expansion

St Barbara’s strategic focus remains the development of the New Simberi Gold Project. During the half year, the company reached agreements with Lingbao Gold International Company Limited and Kumul Mineral Holdings Ltd that are expected to fully fund St Barbara’s share of development costs.

Lingbao will acquire 50 per cent of St Barbara Mining Pty Ltd, delivering A$370 million in cash to St Barbara upon completion, targeted by the end of Q3 FY2026. In parallel, Kumul’s subsidiary will acquire a 20 per cent interest in the Simberi Operation for A$100 million.

Recent study outcomes reinforce the project’s scale. The New Simberi Gold Project Feasibility Study outlined annual production of over 200,000 ounces per annum at an all-in sustaining cost of between US$1,100 and US$1,400 per ounce over a mine life extending to 13 years.

The study reported a post-tax net present value of US$1.023 billion, assuming a gold price of US$3,000 per ounce.

Balance sheet and liquidity

As at 31 December 2025, St Barbara held cash and cash equivalents of A$74.784 million, in addition to restricted cash of A$87.288 million lodged as security for reclamation bonds at its Atlantic Operations.

Net assets stood at A$434.597 million. The board said it remains confident the group can meet its obligations as they fall due for at least 12 months, though the independent auditor included an emphasis of matter regarding material uncertainty relating to going concern.

For Papua New Guinea, the half-year results signal both improved financial resilience and a material uplift in long-term resource confidence at Simberi. With silver now formally recognised and expansion funding arrangements nearing completion, Simberi is positioning itself as a long-life, multi-metal operation central to St Barbara’s growth strategy.

The Asian Development Bank and the Pacific Islands Forum have signed a partnership agreement aimed at strengthening regional cooperation and accelerating climate and development initiatives across the Pacific.

ADB President Masato Kanda and Pacific Islands Forum Secretary-General Baron Waqa formalised the agreement on Thursday, setting out a framework to align the institutions’ resources and expertise in support of what they described as a more resilient, sustainable and prosperous Pacific region.

“The remote and geographically dispersed nations of the Pacific stand to benefit immensely from regional cooperation and integration,” Kanda said. “The strength of the Pacific lies in its unity. By standing together, we can achieve common objectives — from protecting shared ocean resources to building economic resilience — far more effectively than any country could alone. This agreement is our foundation to think bigger and move faster.”

Waqa said the partnership reinforces Pacific-led approaches to development and climate action.

“This partnership strengthens our collective efforts to deliver Pacific-led solutions that build resilience, expand opportunity, and mobilise climate and development finance in line with the 2050 Strategy for the Blue Pacific,” he said.

Both organisations have more than 50 years of engagement with Pacific island countries. The new agreement builds on three decades of cooperation and formalises collaboration on economic competitiveness, community resilience, disaster preparedness and the blue economy.

Under the pact, ADB and the Forum will coordinate on high-priority initiatives, including the Regional Programmatic Approach for Climate Action, the Pacific Fiscal Resilience Initiative and a proposed multi-donor trust fund for disaster risk financing.

The initiatives are intended to help Pacific nations address shared challenges through pooled resources, harmonised policies and collective action.

ADB, founded in 1966, is owned by 69 members, including 50 from the Asia-Pacific region. The multilateral development bank supports inclusive, resilient and sustainable growth across Asia and the Pacific through financing, technical assistance and strategic partnerships.

K92 Mining Inc. on 18 February announced high-grade results from ongoing underground diamond drilling at its Kora, Kora South, Judd and Judd South deposits, as well as the first results from its Kora Deeps and Judd Deeps targets at the Kainantu gold mine in Papua New Guinea.

The company said drilling has expanded a near-mine infrastructure dilatant zone at the K2 vein within the Twin Incline Mining Front, located about 50 metres from underground development. The zone is now defined over roughly 100 metres along strike and 200 metres vertically.

Recent intercepts at the K2 vein dilatant zone included 20.50 metres grading 14.04 grammes per tonne gold equivalent (g/t AuEq) in hole KMDD0915 and 10.70 metres at 10.83 g/t AuEq in hole KMDD0914.

K92 said the expanded zone is expected to provide a near-term boost to mining productivity once pastefill is introduced, enabling bulk transverse long-hole open stoping.

Significant depth extensions

The first set of results from the Kora Deeps and Judd Deeps programmes delivered significant depth extensions below the existing mineral resource estimate, effective Sept. 12, 2023.

At Kora Deeps, thick, high-grade mineralisation along the K1 vein was intersected up to 350 metres below the Twin Incline and 250 metres below the 2023 mineral resource estimate. Mineralisation has been defined over approximately 400 metres of strike and remains open at depth and along strike.

Highlights included 8.00 metres at 10.16 g/t AuEq in hole KMDD0909 and 17.20 metres at 5.04 g/t AuEq in hole KMDD0880A.

At Judd Deeps, drilling along the J1 vein intersected mineralisation up to 300 metres below the Twin Incline and 350 metres below the mineral resource estimate. High-grade mineralisation has been defined over a 450-metre strike and remains open.

Intercepts included 8.50 metres at 8.64 g/t AuEq in hole KMDD0896 and 6.80 metres at 6.21 g/t AuEq in hole KMDD0944.

High-grade extensions above and along strike

K92 also reported continued high-grade extensions up-dip from the Main Mine at both Kora and Judd, with several intersections exceeding mineral resource estimate grades.

At the K1 vein, results included 4.95 metres at 38.46 g/t AuEq in hole KMDD0893 and 4.16 metres at 24.24 g/t AuEq in hole KMDD0894. At the K2 vein, hole KMDD0977 returned 18.19 metres at 11.70 g/t AuEq, while hole KMDD0904 intersected 4.35 metres at 29.62 g/t AuEq.

At Judd’s J1 vein, notable results included 5.45 metres at 66.99 g/t AuEq in hole JDD0306 and 1.65 metres at 185.79 g/t AuEq in hole JDD0307.

Step-out drilling along strike to the north and south also returned multiple high-grade intercepts, including several exceeding 20 g/t AuEq.

At the Judd North target, defined as an up-dip extension over an 800-metre strike, underground drilling towards surface intersected 20.29 metres at 14.06 g/t AuEq in hole JDD0355. K92 said it plans to begin surface drilling at Judd North in the second half of 2026.

All holes intersect mineralisation

The company said results from 101 underground diamond drill holes demonstrate the high-grade continuity and expansion potential of the Kora-Kora South and Judd-Judd South vein systems.

All drill holes at Kora-Kora South, including Kora Deeps, intersected mineralisation, with 31 intersections exceeding 10 g/t AuEq and 61 exceeding 5 g/t AuEq.

At Judd-Judd South, including Judd Deeps, all drill holes intersected mineralisation, with 16 intersections above 10 g/t AuEq and 36 above 5 g/t AuEq.

Exploration budget increase

John Lewins, K92 chief executive officer and director, said the latest results highlight strong near-mine growth and depth potential.

“We are very pleased with the latest drilling results, which continue to deliver strong near-mine growth and demonstrate the exceptional continuity and scale of the Kora-Judd system,” Lewins said.

“Key highlights include the expansion of a dilatant zone near-mine infrastructure at the Twin Incline Mining Front, extensions of high-grade zones above the Main Mine at grades outperforming the mineral resource estimate, and significant depth extensions at both Kora and Judd from our initial set of deeps drill program results. Numerous high-grade intersections were also recorded along strike to both the north and south, further reinforcing the strength of the vein system and our organic resource growth pipeline.”

Lewins said the company will increase its exploration budget by more than 50% in 2026 to between $31 million and $35 million.

“We currently have seven underground drill rigs operating at Kora and Judd, five surface rigs at Arakompa and Maniape, one at Wera, and two additional rigs scheduled to arrive in the second quarter,” he said.

“Later in the year, we plan to expand drilling to target several highly prospective regional targets, including Mati, Mesoan, Bona-Creek, and Judd North from surface. We look forward to providing further exploration updates in due course.”

Asian Development Bank (ADB) President Masato Kanda and Fiji Prime Minister Sitiveni Rabuka on 20 February officially opened ADB’s expanded Pacific Subregional Office in Suva. The inauguration followed talks earlier in the day between the two leaders on advancing ADB’s support for Fiji’s inclusive economic growth and reinforcing Fiji’s role as a regional hub for Pacific cooperation.

“These new premises are a clear signal of our ambition,” said Mr. Kanda. “We are moving faster and thinking bigger. With our upgraded presence in Suva, the geographic heart of the Pacific, we will help advance regional cooperation and integration to tackle shared challenges and build a resilient and prosperous Pacific.”

Reflecting ADB’s commitment to localised support, the newly expanded office accommodates a team that has grown significantly over the past five years, more than doubling to around 70 personnel. This expansion allows ADB to provide deeper technical expertise on the ground and stronger support for its operations across the seven Pacific countries served by the Suva hub: the Cook Islands, Fiji, Kiribati, Niue, Samoa, Tonga, and Tuvalu.

During their bilateral meeting, Mr. Kanda and Mr. Rabuka highlighted the rapid increase in ADB’s development financing for Fiji. ADB has committed $1.3 billion to the country since 1972, with $675 million of that total committed since 2020. This accelerated funding reflects Fiji’s greater access to concessional loans and grants, supporting key reforms for private sector development alongside significant investments in critical infrastructure such as transport, water, and urban services. The leaders also discussed Fiji’s central role in convening dialogue and promoting collective action among Pacific island countries.

Further reinforcing the focus on economic resilience, Mr. Kanda met with the Minister for Finance, Commerce and Business Development and ADB Governor, Esrom Immanuel. They reaffirmed ADB’s commitment to bolstering private sector development and advancing public–private partnerships in priority areas. Their discussions touched on ongoing collaboration to develop a national digital ID system, a cornerstone of Fiji’s digital transformation that will improve access to essential services and banking.

Following these high-level meetings, Mr. Kanda attended a showcase by Kahuto Pacific, a local aerial mapping firm supported by the ADB Frontier program. The company is building the Moana Data Service, the region’s first locally led geospatial data platform, which will provide Pacific island countries with direct access to high-resolution aerial imagery to support climate resilience, infrastructure planning, and disaster risk reduction.

ADB is a leading multilateral development bank supporting inclusive, resilient, and sustainable growth across Asia and the Pacific. Working with its members and partners to solve complex challenges together, ADB harnesses innovative financial tools and strategic partnerships to transform lives, build quality infrastructure, and safeguard our planet. Founded in 1966, ADB is owned by 69 members—50 from the region.

The Fiji Hardwood Corporation Limited (FHCL) has declared its first-ever dividend payout of $500,000 to the Government of Fiji, marking a historic milestone for the state-owned enterprise and its first return since its establishment.

The dividend reflects a strong turnaround in FHCL’s financial performance and governance. Minister for Public Enterprises Charan Jeath Singh described it as a significant achievement, noting that it demonstrates effective leadership, sound management, and tangible economic progress.

Singh emphasized the importance of maintaining momentum and upholding good governance at all levels, including engagement with landowners and stakeholders, to support continued growth in production, value-added processing, market expansion, and future dividends.

FHCL recorded a profit before tax of $3.302 million in 2021 and has since cleared approximately $8 million in legacy debt, significantly strengthening its balance sheet.

Chief Executive Officer Semi Dranibaka said the dividend reflects the company’s full turnaround—from debt burden to consistent profitability—now delivering tangible value to the government and the people of Fiji.

The company has also invested in modernization, including advanced data-capture technology training in partnership with a United States-based firm, improving efficiency across more than 75,000 hectares of mahogany plantations.

The government reaffirmed its support for continued reforms and strategic growth in public enterprises to ensure they remain commercially viable, well-governed, and able to deliver sustainable returns for all Fijians.