Newmont Corporation

The Company’s world-class portfolio of assets, prospects and talent is anchored in favorable mining jurisdictions in Africa, Australia, Latin America & Caribbean, North America, and Papua New Guinea. Newmont is the only gold producer listed in the S&P 500 Index and is widely recognized for its principled environmental, social, and governance practices. Newmont is an industry leader in value creation, supported by robust safety standards, superior execution and technical expertise. Founded in 1921, the company has been publicly traded since 1925.

https://www.newmont.com/investors/default.aspx

This relocation marks the conclusion of Nasfund’s temporary arrangement with BSP Financial Group Limited, who kindly provided office space during this period.

Nasfund’s Chief Executive Officer Rajeev Sharma said, “The Fund extends its sincere appreciation and acknowledgment to Mr. Mark Robinson, Chief Executive Officer of BSP Financial Group, as well as the banks Board, Management, and Staff for their generous support, which enabled Nasfund to continue serving its members without interruption.”

The new Tang Mow Plaza office will maintain the standard operating hours of 9:00am to 3:00pm, with segmented days allocated for specific services to ensure efficient and streamlined assistance.

We welcome all members and employers to visit our new premises from Monday, 14th July 2025, and look forward to continuing to provide superannuation services to the people of East Sepik Province in Wewak town.

A formal signing ceremony was held in Port Moresby on June 25th, officiated by George Constantinou Jr, Managing Director and Group Chairman of the Constantinou Group of Companies, and Rajeev Sharma, Chief Executive Officer of Nasfund.

Through this partnership, Monier Limited will offer a 10% discount on key products including Water Solutions Poly (HDPE) Pipes, Masonry Concrete Blocks & Pavers, and Construction Sand, available exclusively to registered and currently contributing Nasfund employers.

Nasfund CEO Rajeev Sharma stated, “We’re pleased to have Monier Limited join our Employer-to-Employer Discount Program. These strategic partnerships are what Nasfund has been actively pursuing to help provide financial relief for our contributing employers.”

How Can Employers Access Discounts?

To access E2E discounts, registered and currently contributing Nasfund employers must:

1. Contact Nasfund’s Marketing & Stakeholder Engagement Team Email the team to request an official Employer ID Card.

2. Use the ID Card at E2E Partner Locations Present this ID card at any participating E2E partner, such as Monier to receive the applicable discount on purchases for your business.

Why Join the E2E Program?

Businesses that join as E2E partners benefit from: Brand visibility and promotion as a responsible corporate partner supporting local PNG businesses. Recognition for contributing to nationwide cost savings for employers. Stronger B2B relationships by participating in a network that fosters collaboration and economic growth.

Nasfund remains committed to growing this initiative with partners from a range of industries, ensuring mutual value for our contributing employers and the wider business community.

For more information or to join the E2E Program, contact: Rhaymoly Alphonse at mailto:ralphonse@nasfund.com.pg or Hamilton Riman at mailto:hriman@nasfund.com.pg.

The National Superannuation Fund Limited (Nasfund) yesterday, 19th June 2025, officially reopened its Boroko Client Service Centre, marking the return of one of its most recognized and historically significant branches.

Closed in October 2022 to allow for a full upgrade, the Boroko branch has now been transformed into a modern, inclusive, and member-focused facility, designed to enhance comfort, efficiency, and accessibility.
Speaking at the reopening, Nasfund CEO Rajeev Sharma said the project reflects the Fund’s long-term commitment to investing in infrastructure that directly improves the member experience.

“This isn’t just a refreshed space, it’s a recommitment to serving our members with purpose,” said Mr. Sharma. “Boroko has always held an important place in our story, and it’s now equipped to support members even better.”

The redesigned center includes a member chamber with a capacity for up to 180 people, eight service counters, private interview rooms, and a new internal conference space. The facility also features upgraded electrical and IT systems, enabling it to function as a backup site to Head Office should service disruptions occur.

“We’ve built Boroko not just for convenience, but for continuity,” Sharma added. “This branch now plays a key role in keeping our services accessible and reliable in any situation. We’re proud to welcome members back to a space that truly belongs to them, their service center, their Fund, and their future.”

The Boroko Client Service Centre is now open Monday to Friday, from 9:00am to 3:00pm, offering a full range of member services. These include processing of withdrawals, housing advances, ID card issuance and replacements, member detail updates, and general account support. In the near future, the Service Centre will also house Nasfund’s Employer Services Team.

These regional events bring employers together to gather updates on superannuation, and encourage best practices for all employers and their respective staff.

A key moment at today’s conference was the recognition of the Coffee Industry Corporation Limited (CIC), who travelled to Mt. Hagen to receive two awards from Nasfund Chief Executive Officer, Mr. Rajeev Sharma.

• Best Employer with Employer Voluntary Contributions – Category B (Winner)

• Most Compliant Employer in Mandatory Contributions – Category B (2nd Runner-Up)

“These awards reflect CIC’s ongoing commitment to looking after its employees’ future through regular and voluntary super contributions,” said Mr. Sharma. “CIC’s leadership in this space is an example for others across the Highlands and PNG.”

Other employer award recipients from the region included:

• Lahani Finance– Best Non-Mandatory Contribution Employer

• Jojo Enterprise Limited– Best Non-Mandatory Contribution Employer

• Asaroka Lutheran High School– Category C Runner-Up

The program included presentations from Ms. Anne Wilson, Chief Officer Member and Employer Services, and Ms. Fiona Nelson, Chief Investment Officer, followed by an open Q&A session.

The final conference for the New Guinea Islands region will be held in Kokopo, East New Britain on Friday the 13th June.

Nasfund confirms that its Wewak Branch office, which was located in a rented property, sustained significant damage following a fire incident on Friday, 6 June 2025. The fire is believed to have started from an electrical fault in a neighbouring property and quickly spread to the building where our office is located.

We are grateful to report that all Nasfund staff and members present at the time are safe, and no injuries were reported.

We are working closely with the relevant authorities to assess the full extent of the damage. In the meantime, we have activated our Business Continuity Plan to minimise disruption and maintain essential services to our members in Wewak and surrounding areas.

“Our team is actively securing a temporary location so that we can resume operations as soon as possible,” said Rajeev Sharma, Chief Executive Officer of Nasfund.

Members will be notified once a temporary site is confirmed. In the interim, we encourage members to use our digital channels, including the Nasfund Mobile App, Member Online Portal, and e-branch services for assistance.

Members in the affected region may also access support through our Maprik Service Centre or contact our team in Port Moresby directly by calling 1588 or emailing help@nasfund.com.pg.

We will provide further updates as they become available.

Winning in the Large Business category, our AI-Powered Vendor Invoice Management and Three-way Automation Solution, developed in collaboration with ZeonAI, has set a new standard in the industry.

The Innovation PNG 2025 Conference, co-hosted by the PNG Chamber of Commerce and Industry and Business Advantage International, was held at the Stanley Hotel on March 27th and 28th.

Competing against formidable finalists like Credit Bank PNG, Kramer Asia-Pacific PNG, Markham Culverts Lae, MiBank, and TISA Bank NCD, Nasfund emerged victorious, showcasing our commitment to excellence and technological advancement.

Our journey began with a vision to revolutionize our operations through digital transformation.

The InvoiceAI Solution, powered by Generative AI, has been a game-changer. It automates the entire invoice processing workflow, from extraction to validation and approval, with unmatched efficiency and precision. This innovation has reduced our processing time by 70% and achieved over 97% accuracy in data extraction, as highlighted by our Chief Financial Officer, Debbie Oli.

The success of the InvoiceAI Solution lies in its integration with our existing enterprise systems, leveraging Large Language Models (LLMs) and AI-powered document intelligence. It features smart anomaly detection, precise risk assessments, and real-time decision-making capabilities, setting a new benchmark for innovation in the industry.

Our CEO, Rajeev Sharma, emphasizes the strategic vision behind this innovation: "This award is a testament to our unwavering commitment to embracing cutting-edge technologies that elevate service delivery for our members and stakeholders. AI-powered automation is transforming superannuation administration, ensuring peak efficiency at every level."

This award is further to the PNG CORE Award for our exceptional service in the Finance and Banking sector. Our continuous efforts to enhance member services have set new industry standards. Our Call Center Modernization now handles an impressive average of 500 calls and 200 emails daily. Additionally, our E-Withdrawals process over 400 applications monthly for unemployment benefits and housing advances.

At Nasfund, we are committed to bridging the gap between electronic and physical branches, ensuring accessibility, efficiency, and security in superannuation services. Our award-winning innovation is a testament to our dedication to excellence and our vision for a digitally empowered future.

Join us on this exciting journey as we continue to lead the way in innovation and service excellence. Nasfund is not just a superannuation fund; we are a partner in your financial journey, committed to making a difference in the lives of our members and the community.