Mining firm announces K1 million for new Kainantu market

Business

K92 Mining Inc has announced K1 million towards the building of the new market in Kainantu, Eastern Highlands.
K92 Mining is engaged in the production of gold, copper and silver from the Kora deposit at the Kainantu gold mine in the province.
The company said, in a statement, that the contribution was towards building a new market to support local businesses and commerce and the receipt of approval for a community development tax credit scheme which would enhance K92 Mining’s planned community development initiatives.
K92 Mining also hosted a site tour for Prime Minister James Marape and his delegation to the district last week.
Following the Covid-19 protocols, the aerial tour focused on mining and processing operations, infrastructure, expansion plans, exploration, communities and environmental management.
Company chief executive and director John Lewins said: “The Government has been a very consistent supporter of our operations and a major factor in our ability to operate effectively during the Covid-19 pandemic environment. We are proud of what has been accomplished over the past few years at Kainantu, especially our achievements over the past 12 months during the Covid-19 pandemic.
“It was truly a privilege to host Prime Minister Marape and his delegation.
“We are proud of the increased economic and employment opportunities and community development that has occurred as Kainantu’s operations have continued to expand.
“Our K1 million contribution towards the development of a new market in Kainantu is expected to drive multiple business and commence opportunities.
“The approval of the community development tax credit scheme provides an opportunity for the company to partner with the Government to deliver much needed community infrastructure.”

2 comments

  • Hopefully, unlike all the new markets that were built, ceremonially opened and then remained shut and unused, this one will be open and utilized.

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