Marape commends K92 Mining for record-breaking production

Prime Minister James Marape has commended K92 Mining Limited for achieving record-breaking production results for the fourth quarter of 2024, describing the milestone as a significant boost to Papua New Guinea's economy.

The K92 based mining company recorded a quarterly production of 53,401 ounces of gold equivalent, marking the highest in its history.

The Prime Minister says the record-breaking results achieved by K92 Mining are encouraging for Papua New Guinea as they continue to see significant contributions from the resource sector to the nation's economic growth.

Prime Minister Marape says K92 Mining's continued success, particularly through its Stage 3 expansion, demonstrates the potential of PNG's mining industry to create more jobs for the people, improve community infrastructure and contribute to the country's long-term development goals.

 In a statement, PM Marape highlighted the importance of responsible resource development and acknowledged K92 Mining's efforts in advancing safety, environmental stewardship and community engagement.

He further commended K92 Mining for its responsible approach to mining.

“Their success is prime example of how resource companies can deliver value to the country, while also contributing to social and environmental priorities,” Marape said.

Prime Minister Marape reiterated his government's commitment to fostering partnerships with companies that focus on sustainable development and ensuring that the benefits of resource projects are shared fairly with the people of Papua New Guinea.