Building PNG’s homegrown lime and cement story
Stockhead profiles Pacific Lime and Cement's plan to develop Papua New Guinea's first domestic quicklime operation, supported by a 382Mt JORC limestone resource, government backing, contrac...
External Coverage
Pacific Lime & Cement (ASX:PLA) - PNG's First Lime Producer Targets $50M Import Replacement Market
Crux Investor29 August 2025
Interview with Paul Mulder, Managing Director of Pacific Lime & Cement Ltd.
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.
Additional Context
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.
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