Our Purpose

Building Foundations for Progress

At PLC, our purpose is to build the foundations of Papua New Guinea’s future.
We are more than a resources company, we are a nation-building partner. Through the development of world-class lime and cement industries, integrated infrastructure, and downstream manufacturing, we are helping PNG reduce reliance on imports, lower the cost of building, and unlock opportunities for growth across housing, roads, energy, and industry.

Our approach is anchored in partnership with the Government of Papua New Guinea, local landowners, and communities, ensuring that economic progress is shared, inclusive, and sustainable. From creating affordable building materials to enabling transformative infrastructure and environmental restoration, we are committed to projects that deliver long-term prosperity for the nation.
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PLC exists not just to extract resources, but to create enduring value - empowering Papua New Guinea’s people, economy, and future generations whilst supporting the environment we reside in to be sustainable for the future.

Our Vision

Empowering PNG through Industry, Infrastructure and Innovation

By harnessing Papua New Guinea’s natural resources, PLC is creating a blueprint for nation-building, driving economic growth, enabling affordable infrastructure, and delivering lasting social impact.

Our strategy is to support PNG and the wider Asia Pacific region’s path to prosperity and where possible decarbonisation by:

Establishing vertically integrated lime and cement industries that provide affordable, high-quality, low-carbon building materials whilst reducing or eliminating import reliance and lowering infrastructure costs.

Partnering in renewable and sustainable energy solutions including solar, wind, geothermal, and carbon mitigation to power industry, homes, and communities whilst offsetting our carbon footprint in our industrial developments where feasible to do so.

Investing in downstream and social infrastructure, from roads, housing, and utilities to environmental restoration and modern community development, ensuring that growth is inclusive and sustainable.

Executive Team

Richard Pegum

Mr Pegum is a highly accomplished finance and investment professional, bringing a rich legacy of experience to the role. Having started his career at Macquarie Bank, he rapidly advanced to the position of Executive Director (at age 29). His strategic leadership was instrumental in expanding one of the bank's key trading divisions to regions including Hong Kong, South Africa, Japan, Europe and Brazil. He then went on to become the founding Partner of Bennelong Asset Management in the United Kingdom and successfully managed the firm's growth, overseeing assets over $3 billion.

Richard Pegum

Executive Chairman

Paul Mulder

Managing Director

Richard Pegum

Mr Mulder has 29 years of successful executive management experience in project development, operations and commercial transactions. Paul is a founding shareholder of Mayur Resources and has been Managing Director since 2014. Prior to this, Paul spent 6 years with Gina Rinehart’s Hancock Prospecting Pty Ltd leading its coal and infrastructure projects. This included development and successful divestment of a $15bn mine, port and rail development in Queensland, Australia. Prior to this Paul worked for BHP Billiton for 13 years in various senior management roles across BHP’s steel, coal and iron ore divisions. Paul is a Materials Engineer with an MBA, and is a former Director of the Queensland Resources Council.

Tim Crossley

Executive Director

Richard Pegum

Mr Crossley has extensive experience as a director and mining executive, having operated some of Australia’s largest mining businesses including roles as Deputy CEO of ASX-listed Gloucester Coal, and President and Chief Operating Officer (COO) at BHP Billiton’s West Australian Iron Ore business. Tim also held the position of Executive General Manager of carbon steel materials for Gina Rinehart’s Hancock Prospecting Pty Ltd’s Roy Hill project. Tim has also held senior roles in BHP’s manganese business and metallurgical coal business and was a Director in ASX-listed VDM Group. Tim is also a former President of the Northern Territory Minerals Council and Executive Chairman of Trans-Tasman Resources.

Chris Indermaur

Independent Director

Richard Pegum

Mr Indermaur has over 30 years of experience in large Australian companies in Engineering and Commercial roles. Amongst these roles he was the Engineering and Contracts Manager for the QNI Nickel Refinery at Yabulu, Company Secretary for QAL and General Manager for Strategy and Development at Alinta Ltd. Mr Indermaur holds a Bachelor of Engineering (Mechanical) and a Graduate Diploma of Engineering (Chemical) from the West Australian Institute of Technology (now Curtin University). He also holds a Bachelor of Laws and a Master of Laws from the Queensland University of Technology and a Graduate Diploma in Legal Practice from the Australian National University. Mr Indermaur is also a Director of Austral, Austin Engineering Ltd and of Centrex Metals Ltd.

Mr Wong Fang Shyan

Non-Executive Director

Richard Pegum

Mr Wong is a resident of Singapore and has a career spanning over 25 years in which he has held senior positions at both AIA and Aviva, two of the world’s largest insurance companies. His expertise and experience make him a highly accomplished professional who excels in managing teams, coaching individuals, and emphasising the importance of corporate governance in driving business growth and success. Currently, he serves as a freelance corporate trainer and lecturer, contributing to corporate and educational advancements.

Musje Werror

Executive Director

Richard Pegum

Mr Werror brings over two decades of leadership experience in the mining and resources sector of PNG. He most notably served as the Managing Director and Chief Executive Officer of Ok Tedi Mining Limited from June 2020 until December 2022. He began his distinguished career at Ok Tedi Mining in 1988 as a graduate and has since held various significant roles, including managing health, safety & environment, mine closure planning, tax credit scheme projects, government affairs and leading community relations in the Western Province of PNG. In addition to his role at Mayur, Mr Werror is currently serving as an Independent Non-Executive Director at Santos Limited (ASX:STO). Past directorships include Oil Search Limited (ASX:OSH) (2021 until merger with STO), Chairman of the Western Province Health Authority (2019-2023) and Chairman of the Ok Tedi Development Foundation (2020-2022).

Management Team

Kerry Parker

Chief Financial Officer

Richard Pegum

Mr Parker is a highly experienced executive leader with over 30 years real and demonstrated experience in leading multi-discipline teams across a broad commodity mix. Kerry has deep experience in both equity and debt markets through his experience at both large and junior resource companies including Arrow Energy, Australian Future Energy, Santos and KPMG.

John McBride

CEO Central Lime Project

Richard Pegum

Mr McBride is a seasoned executive with a robust background in the global materials sector, covering technical, operational, and commercial roles. As the former CEO of Sibelco’s Lime Division and President of APAC at Graymont, he has been pivotal in driving corporate growth and innovation in lime solutions. His tenure is marked by strategic achievements, including leading Graymont’s expansion in the Asia Pacific, reconfiguring supply chains, and spearheading strategic plans for sustained growth. He also launched successful greenfield projects in Indonesia and the Philippines, enhancing Sibelco’s market presence and revenue. Furthermore, McBride established Graymont's global procurement function, significantly impacting cost control and operational efficiency.

Keith Downham

COO / CEO - Industrial Sands

Richard Pegum

Mr Downham has demonstrated strong corporate governance and led the development of projects and operations for a number of companies in Australia, Indonesia and the UK over the past 35 years. He was responsible for the approval and construction of Peabody Energy’s 9 Mtpa world class Wilpinjong Mine in NSW, Australia and then after a period of growth he oversaw its successful expansion to 14 Mtpa. Another key cornerstone to Keith’s career has been the successful delivery of projects and operations in remote parts of Indonesia which enabled him to establish a high level network in South East Asia.

Darren Lockyer

Head of Business Affairs

Richard Pegum

Mr Lockyer is a high-profile retired sports star and former Australian Rugby League captain, PNG’s most popular sport. He has experience working with communities, businesses and government in various capacities and enjoys an extremely large following in PNG following his achievements as a player and respected leader.

Tom Charlton

Chief Geologist

Richard Pegum

Mr Charlton is a geologist with over 25 years of mineral exploration experience. He has worked in PNG since 1997, working at the Department of Mines for 4 years on a World Bank project compiling PNG’s geological database. Mr Charlton has worked for various private and publicly listed exploration companies. Mr Charlton has worked with the Company since its inception in 2011.

Jason Zoller

CLP Project Director

Richard Pegum

Mr. Zoller is a seasoned executive with extensive experience across the infrastructure, mining, and contracting sectors in Australia and Papua New Guinea. He is the founder and Managing Director of Synergy Alliance, where he is successfully delivering major civil infrastructure projects in the region. He is the former CEO of HBS (PNG) Ltd, a leading mining services contractor. He oversaw operations spanning civil construction, mining, transport, and logistics, driving business growth in challenging frontier markets. Prior to this, Mr. Zoller spent more than 20 years with the BMD Group in senior leadership roles, contributing to the delivery of large-scale infrastructure projects across Australia.