Pacific Lime & Cement (ASX:PLA) - PNG's First Lime Producer Targets $50M Import Replacement Market

Overview

Interview with Paul Mulder, Managing Director of Pacific Lime & Cement Ltd.

Source: Crux Investor

Key Points

• Pacific Lime & Cement is developing Papua New Guinea's first integrated lime and cement production facility, targeting a market opportunity worth over $50 million annually in import replacement. Led by Managing Director Paul Mulder, a 30-year resources veteran with experience at BHP and managing Gina Rinehart's energy assets, the company is capitalizing on PNG's complete dependence on imported lime and cement.
• The project's competitive advantage stems from exceptional resource quality and strategic positioning. Located just 24 kilometers from Port Moresby, the facility controls 400 million tons of high-grade limestone that sits directly at surface level, eliminating costly stripping operations.
• Construction of the $80 million phase one is underway with an 18-month timeline, funded entirely through equity to maintain operational flexibility.