Minister to present firm with 20-year mining lease

MINING Minister Johnson Tuke is expected to present a 20-year mining lease to Mayur Industrials PNG Ltd today for its Central Cement and Lime project (CCL) in Central province.
“After several years of development and 14 months since the mining lease application was made, I have today awarded Mayur Industrials PNG Ltd (a subsidiary of ASX listed Mayur Resources) a 20-year mining lease to mine, process, manufacture and supply, domestically and internationally, produced quicklime, clinker and cement from their Central Cement and Lime project (CCL), located in Central province (from the primary locations of Kido and Rea Rea),” Tuke said in a statement yesterday.
“This is an exciting time for PNG, where for the first time in our history, we are now going to be using our own mineral resources to value add and create a manufactured building material product (being cement), which at its core is one of the most basic and critical ingredient for nation building.”
Tuke said the project signalled a great opportunity for PNG to displace the importation of quicklime, clinker and cement and produce these products in country creating employment for Papua New Guineans.
He said Mayur had committed the CCL project to supply 100 per cent of the country’s domestic cement and quicklime needs.
“I look forward to working with Mayur to get their CCL project – Phase 1 off the ground, but equally acknowledge the large resource base the mine lease is sitting on. I see a much bigger opportunity for PNG in further expansions and becoming a serious cement and lime player in the Asia Pacific.”