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Cement|Construction|PROJECT|Resources
Cement|Construction|PROJECT|Resources
cement|construction|project|resources

Central lime project, Papua New Guinea

Location map of the Central Lime project

Photo by Mayur Resources

17th May 2024

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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Name of the Project
Central lime project (CLP).

Location
About 25 km north of the national capital, Port Moresby, in Papua New Guinea (PNG).

Project Owner/s
Mayur Resources.

Project Description
The CLP will be Asia Pacific’s first carbon-neutral quicklime, clinker and cement project for supply to PNG, Australia and the South Pacific at much lower cost than Asian exporters.

The project is aiming for a base case nameplate production capacity of 400 000 t and will be developed in two phases.

Phase 1 will involve the construction of the quicklime plant, which will have a capacity of  600 000 t/y of quicklime and 700 000 t/y of limestone.

Phase 2 will involve the development of clinker and cement facilities producing 820 000 t/y 
and 900 000 t/y respectively.

Opportunities exist for future expansion.

Potential Job Creation
The project is expected to provide employment opportunities for at least 1 000 people.

Net Present Value/Internal Rate of Return
Not stated.

Capital Expenditure
Mayur Resources executed definitive debt financing agreements with Appian Capital Advisory for about $115-million in April 2024. This financing, combined with Vision Blue Resources’ proposed equity investment in the project of 
$40-million, announced in November 2023, will result in the project being fully funded.

Planned Start/End Date
Construction of the CLP started in mid-2023.

Latest Developments
None stated.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Mayur Resources, tel +61 7 3157 4400 or email info@mayurresources.com.
 

Edited by Martin Zhuwakinyu
Creamer Media Senior Deputy Editor

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