Pacific Lime & Cement Secures Government Approval for Central Lime and Cement Projects in PNG
Pacific Lime and Cement Limited (ASX: PLA) has received formal approval for its Project Development Agreement governing the Central Lime and Central Cement Projects in Papua New Guinea, following ratification by the National Executive Council and execution by the Governor-General.
The agreement establishes the legal and sovereign framework for the country’s first integrated lime and cement manufacturing platform. Construction is already underway for the Central Lime Project, which will deliver a 400,000 tonnes per annum quicklime facility, with Newmont contracted to purchase roughly one-third of its production capacity.
The PNG Government intends to acquire up to 18% equity in the lime project for US$23.14 million, supporting potential expansion plans that could increase capacity to approximately 1.1 million tonnes per annum.
The Central Cement Project, planned as the second development stage, targets a Final Investment Decision in 2026. The project is designed to produce 1.65 million tonnes of cement annually and is advancing with the International Finance Corporation as a feasibility partner. The government may also acquire up to 30% equity in the cement project.
Once both projects are operational and expanded, they are expected to generate combined EBITDA of about US$176 million (AU$264 million).
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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Pacific Lime & Cement Secures Government Approval for Central Lime and Cement Projects in PNG
Pacific Lime and Cement Limited (ASX: PLA) has received formal approval for its Project Development Agreement governing the Central Lime and Central Cement Projects in Papua New Guinea, following ratification by the National Executive Council and execution by the Governor-General.
The agreement establishes the legal and sovereign framework for the country’s first integrated lime and cement manufacturing platform. Construction is already underway for the Central Lime Project, which will deliver a 400,000 tonnes per annum quicklime facility, with Newmont contracted to purchase roughly one-third of its production capacity.
The PNG Government intends to acquire up to 18% equity in the lime project for US$23.14 million, supporting potential expansion plans that could increase capacity to approximately 1.1 million tonnes per annum.
The Central Cement Project, planned as the second development stage, targets a Final Investment Decision in 2026. The project is designed to produce 1.65 million tonnes of cement annually and is advancing with the International Finance Corporation as a feasibility partner. The government may also acquire up to 30% equity in the cement project.
Once both projects are operational and expanded, they are expected to generate combined EBITDA of about US$176 million (AU$264 million).
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