
16 Sep 2026
Conceptual Rendering - Central Cement and Lime Project - Special Economic Zone - PLC - November 2025
Conceptual Rendering - Central Cement and Lime Project - Special Economic Zone - PLC (V5.2)


16 Sep 2026
Conceptual Rendering - Central Cement and Lime Project - Special Economic Zone - PLC (V5.2)

24 Mar 2026
Pacific Lime & Cement (ASX:PLA) is advancing toward February 2027 production as Papua New Guinea's first domestically-based lime and cement manufacturer. In a recent interview, managing director Paul Mulder outlined the company's progress on a project that will eliminate PNG's complete reliance on Chinese and Japanese imports while establishing a vertically integrated construction materials platform with substantial government backing. The project's competitive foundation rests on geographic advantages that significantly undercut existing supply chains. The coastal limestone deposit requires zero stripping and sits just 700 meters from the company's private wharf facility within a special economic zone. Current suppliers operate mines 100 to 200 kilometers inland in Southeast Asia, requiring land transport to public ports before international shipping. This positioning, combined with 10-year tax exemptions covering corporate tax and import-export duties, creates meaningful cost advantages for serving PNG's protected domestic market. Financial structure represents another differentiating element. Pacific Lime & Cement funded initial development entirely through equity rather than debt, eliminating covenant restrictions and interest obligations that would reduce cash conversion. The PNG government's direct equity participation of 18% to 30% in both lime and cement special purpose vehicles values the company at approximately $700 million AUD, nearly triple the current $250 million market capitalization. This investment, formalized through a March 2018 project development agreement, signals government commitment while providing expansion capital for additional lime kilns. Near-term revenue visibility comes from Newmont, PNG's largest gold producer, which has committed to purchasing approximately one-third of initial production capacity. The two-kiln phase one targets domestic mining operations, water treatment facilities, and road stabilization projects currently served by imports from distant sources including Israel. Surplus production will flow to Western Australian markets where the company already demonstrates supply chain capabilities. Expansion plans encompass additional lime capacity, cement production facilities with International Finance Corporation partnership, and downstream concrete products including batch plants and cast construction materials. Management is simultaneously monetizing non-core assets, with Power China fully funding iron sands development and advisors pursuing value realization for a copper-gold exploration asset adjacent to the Frieda River operation.

27 Jan 2026

15 Dec 2025

11 Dec 2025

02 Dec 2025

21 Oct 2025

15 Sep 2025
Musje Werror presenting a company update at the PNG Resources Week in Port Moresby in July 2025

30 Aug 2025
Pacific Lime & Cement is developing Papua New Guinea's first integrated lime and cement production facility, targeting a market opportunity worth over $50 million annually in import replacement. Led by Managing Director Paul Mulder, a 30-year resources veteran with experience at BHP and managing Gina Rinehart's energy assets, the company is capitalizing on PNG's complete dependence on imported lime and cement.

04 Aug 2025

24 Jul 2025

23 Jul 2025

20 Dec 2024
At the PNG Investment Week conference in Sydney, Managing Director Paul Mulder outlines the company’s recent milestones and future growth initiatives.

25 Sep 2024
In this insightful presentation, Tim Crossley, Executive Director of Mayur Resources (ASX: MRL), shares key developments and forward strategies at the New World Metals Investment Series in Melbourne, 2024. Mayur Resources is a leader in the resource sector, particularly in lime, a mineral key to the global energy transition and technological advancements.

12 Sep 2024
Mayur Resources (ASX: MRL) executive director Tim Crossley explains the world of Lime to Wally Graham of The Resources Roadhouse at the 2024 New World Metals Investment Series.