High quality deposits underpin cement and lime products
MRL’s 100% owned large, high quality coastal limestone deposits near Port Moresby in Papua New Guinea (PNG) with Ore Reserves of 78Mt at 50% CaO within a Mineral Resource of 382Mt at 52.3% CaO underpin the company’s planned Central Cement and Lime (CCL) Project. The Definitive Feasibility Study (DFS) for the CCL Project is based on construction of a new cement and lime manufacturing plant next to the limestone deposits with forecast output of 1.65Mtpa of clinker, 907.5ktpa of cement grinding capacity and 198ktpa of quicklime to supply domestic and export markets at an estimated capital cost of US$331M. A major part of the plant’s clinker and cement output is likely to target the Australian market to supplant strongly rising imports.
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