A successful definitive feasibility study has been carried by Mayur Resources Ltd for a cement plant near Port Moresby, Papua New Guinea. The project is expected to include the quarrying of extensive limestone deposits and the downstream production of clinker, cement and quicklime for both domestic and export markets.

The estimated capital cost of the project is US$331m, with the initial capacity targets set at 1.65Mta of clinker and 907,500tpa of cement. The plans also include the construction of a dedicated power plant and marine wharf.

An EPC tender process began in late-2018, with next steps including an application for a mining lease and detailed engineering design, product offtake and project financing that will enable a financial investment decision and a target commencement of construction by late-2019, according to the company.