PNG Government Invests in Pacific Lime's Central Lime Project
Pacific Lime and Cement Limited (ASX: PLA) has secured a major strategic milestone after the Papua New Guinea Government, through Kumul Mineral Holdings Limited (KMHL), exercised its right to acquire a 13% equity interest in the Central Lime Project for US$16.3 million. The investment marks the Government's first capital commitment under the Project Development Agreement and reinforces sovereign support for PNG's first integrated lime and cement manufacturing platform. KMHL also retains an option to acquire an additional 5% interest for approximately US$6.8 million following the commencement of operations, while preserving rights to invest in the proposed Central Cement Project ahead of the targeted Final Investment Decision in the fourth quarter of calendar year 2026. The Company believes the partnership strengthens institutional backing for the project, supports long-term industrial development in Papua New Guinea and positions the Central Lime Project for first quicklime production in the first quarter of calendar year 2027.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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PNG Government Invests in Pacific Lime's Central Lime Project
Pacific Lime and Cement Limited (ASX: PLA) has secured a major strategic milestone after the Papua New Guinea Government, through Kumul Mineral Holdings Limited (KMHL), exercised its right to acquire a 13% equity interest in the Central Lime Project for US$16.3 million. The investment marks the Government's first capital commitment under the Project Development Agreement and reinforces sovereign support for PNG's first integrated lime and cement manufacturing platform. KMHL also retains an option to acquire an additional 5% interest for approximately US$6.8 million following the commencement of operations, while preserving rights to invest in the proposed Central Cement Project ahead of the targeted Final Investment Decision in the fourth quarter of calendar year 2026. The Company believes the partnership strengthens institutional backing for the project, supports long-term industrial development in Papua New Guinea and positions the Central Lime Project for first quicklime production in the first quarter of calendar year 2027.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au