Papua New Guinea: Australia’s Mayur Resources has completed a feasibility report looking into building an integrated cement plant near Port Moresby, the capital of Papua New Guinea. The cement and lime plant project has an estimated cost of US$331m. It will produce 1.65Mt/yr of clinker, be able to grind 0.9Mt/yr of cement and produce 0.2Mt/yr of quicklime. The study also found that the project area had reserves of 78Mt of limestone and 14Mt of maiden mineral resource that could support the project for 30 years.
The company is now arranging compensation agreements with the local community and submitting a mining lease application. Award of engineering, procurement and construction (EPC) design and engineering contracts, finalise product offtake and project financing arrangements are scheduled for the second half of 2019.
