Papua New Guinea Prime Minister James Marape has commended K92 Mining Limited for its record-breaking production achievement in the first quarter of 2024. The Kainantu-based mining company reported a quarterly production of 53,401 ounces of gold equivalent (AuEq), the highest in its history, which Marape described as a significant boost to the national economy.
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| Papua New Guinea Prime Minister James Marape |
In a statement, Marape highlighted the importance of such achievements in driving economic growth in Papua New Guinea. “The record-breaking results achieved by K92 Mining are encouraging for Papua New Guineans as we continue to see significant contributions from our resource sector to the nation’s economic growth,” he said.
Marape emphasized the need for responsible resource development and acknowledged K92 Mining’s commitment to safety, environmental stewardship, and community engagement. He noted that the company’s stage three expansion demonstrated the potential of the mining industry to create jobs, improve infrastructure, and contribute to long-term development goals.
“K92 Mining’s continued success showcases how resource companies can deliver value to our country while addressing social and environmental priorities,” Marape stated. He also commended the company for its responsible approach to mining and its contributions to sustainable development.
The Prime Minister reiterated the Government’s commitment to fostering partnerships with companies that prioritize sustainable practices and ensure the fair distribution of benefits from resource projects. Marape stressed the importance of aligning resource development with the interests of the people and the nation’s development aspirations.
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