AGP Executive Report
Last update: 4 hours agoNew Caledonia Finance Crisis: New government president Milakulo Tukumuli says the territory is in a “cessation of payments” and needs about 13 billion Pacific francs (€109m) to avoid a complete shutdown if new funding doesn’t land by end-August, after talks with France’s MINC to mobilise “refoundation pact” money. Local Politics & Portfolios: Tukumuli has unveiled his “collegial” cabinet portfolios after being elected by Congress, with pro-France figures taking sensitive roles including economy, tax, telecommunications, customs, external trade and food sovereignty—while Air Calédonie and broader reconstruction remain top priorities. Melanesian Marine Deal: The Melanesian Ocean Reserve is set to operate across the EEZs of Solomon Islands, Vanuatu, Papua New Guinea and New Caledonia, aiming to protect biodiversity while allowing only sustainable, Indigenous-value-aligned economic activity. Mining Governance Watch: At the International Seabed Authority, governments ended negotiations without adopting a long-debated Mining Code, leaving key issues like environmental safeguards and liability unresolved. Boardroom Move: NVRO Metals appoints Jonathan Gill as Technical Advisor to its board, with a director election planned for its Oct 7, 2026 AGM.
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