Cement News tagged under: Papua New Guinea

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Mayur Resources moves closer to new cement and lime project go-ahead

12 March 2020, Published under Cement News

Mayur Resources' vision to build Papua New Guinea’s first cement project is becoming clearer after the company announced it had signed all the landholder compensation agreements required for the development of its flagship Central Cement and Lime project, near Port Moresby, Papua New Guinea. Ongoing due diligence is continuing with potential strategic funding partners for the US$350m project which has a target annual production of 1.65Mta cement/clinker and 200,000tpa of quicklime for sup...

Papua New Guinea 1.65Mta plant in planning stages

20 December 2019, Published under Cement News

Mayur Resources ' Central Cement & Lime Project in Papua New Guinea (PNG) is another step closer to development with debt lead arranger KPMG Corporate Finance receiving Letters of Interest from a number of lenders wishing to participate in the debt financing of the US$350m project. KPMG approached a variety of debt providers around the world, including commercial banks and export credit agencies linked to the engineering, procurement and construction providers for the 100 per cent Mayur‐ow...

PNG’s Mayur transformation

29 July 2019, Published under Cement News

Mayur Resources recently announced plans for the construction of Papua New Guinea’s first integrated cement and quicklime plant. Located 25km north of Port Moresby, the country’s capital, the facility will support the government’s programme to add value to the nation’s vast mineral wealth. By Mayur Resources, Australia. Mayur Resources’ new cement plant will reduce Papua New Guinea’s dependence on imports and lower domestic cement prices, supporting infrastructure development in th...

Papua New Guinea to build new cement plant

07 May 2014, Published under Cement News

A project to convert Simbu province's vast limestone resource into cement will begin this year, said Peter O'Neill, Papua New Guinea's Prime Minister. The Prime Minister told Parliament that the province's Chuave district has a limestone resource that will be commercially developed under a project that has already been brought before Cabinet for its approval. "The NEC has approved PGK28m (US$10m) for this project. We are now insisting that a credible partner be found to fully develop th...