K92 MINING Ltd has reported an increase of 85 per cent in total community investment projects, from US$655,000 (about K2.3 million) to US$1.2 million (about K4.5 million) this year.
K92 chief executive officer and director John Lewins said he was proud to see the positive impact that the Kainantu gold mine had on local communities and the country, since restarting operations in 2016, declaring commercial production in early 2018 and subsequently expanding the operation.
Some of the miner’s environmental, social and governance (ESG) highlights include:
- HAVING a majority local workforce (95 per cent);
- HAVING a top three per cent safety record in the Australasia region with one lost time incident;
- BEING a major corporate taxpayer in PNG; and,
- GIVING K1.5 million for Coronavirus (Covid-19) assistance to the government, Eastern Highlands and Morobe governments and local communities.