The Asia Miner

JUL-SEP 2018

The ASIA Miner - Reporting Important Issues to Mining Companies in the Asia Pacific Region

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the asia miner • volume 15 • issue 3 23 REGIONAL FOCUS: PNG Indicave project layout on Kido coastline maiden JORC Resource in early 2018 and a subsequent capital raise on the ASX by the company in April 2018, a definiঞve feasibility study commenced on the commercialisaঞon of the lime resource to iniঞally produce 250,000 tonnes of quicklime and 1,500,000 of clinker/ cement. This will be PNG's first quicklime and cement project and will help provide a key piece of industrial 'naঞon building' infrastructure adjacent to the US$19 Billion PNG LNG facility. The definiঞve feasibility study is due for compleঞon in final quarter of 2018. Mr Mulder acknowledges that this is "yet another significant development for Mayur's naঞon building project porolio in PNG". "This is our strategy of import replacement, verঞcal integraঞon and establishing new and compeঞঞve export industries to build wealth inflows into PNG. This permit grant is a key project enabling development milestone and shows the progressive aমtude being shown by the PNG regulatory authoriঞes and their commitment to diversifying and adding in country value to PNG's mineral wealth and promoঞng the industrialisaঞon of PNG," said Mr Mulder. Mayur's facility design proposes an integrated clinker/ cement, quick lime and power facility so as to employ modern waste heat recovery technology to increase energy efficiency and reduce emissions. With the plants proximal locaঞon to Port Moresby the plant also brings new opঞons to bring in waste material from Port Moresby and its near surrounds and more effecঞvely uঞlise such material by deploying proven European and Asian waste management technologies.

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