Prime Minister Hon. James Marape has praised K92 Mining Limited as a “model of good corporate citizenship and efficiency,” highlighting the company’s strong operational record, transparency, and partnership with the people and Government of Papua New Guinea.
During his visit to Kainantu to witness the pouring of gold at K92 Mine — a major milestone following an investment of over K1.3 billion (USD 350 million) — Prime Minister Marape thanked Chairlady Anne Giardini, CEO John Lewins, the board, management, and staff for their dedication.
“In my six years as Prime Minister, I have witnessed only two gold pour milestones — one at the new Porgera Mine and the other here at Kainantu,” he said. “This demonstrates the determination and efficiency of your team. You are a shining example of how mining in PNG can be done responsibly and profitably.”
Prime Minister Marape noted that K92 Mining has paid over K500 million in taxes in 2024 and 2025 alone, contributing significantly to the national treasury through both corporate and personal income taxes. He commended the company’s transparency through the Mineral Resources Authority’s new digital monitoring system, which tracks production and revenue in real time — a first in PNG’s history.
“K92 Mine is a benchmark for how mining companies should operate — transparent, efficient, and respectful of landowners and the State,” PM Marape said. “You are not just mining gold; you are building trust.”
The Prime Minister also encouraged greater local participation in spin-off businesses, employment, and procurement.
“Do not leave my landowners behind,” he said. “Take them with you on this journey. Let us retain more kina in-country and grow together.”
Prime Minister Marape expressed confidence in the future of the gold industry, predicting continued strong demand and high prices.
“I said three years ago that gold would hit USD 5,000 per ounce, and I stand by that prediction,” he said. “Gold remains the safest store of value, and PNG will continue to benefit as long as we maintain good governance and investor confidence.”
He also called on the company to invest further in education and community development, suggesting that part of the mine’s tax credit scheme be directed toward schools and infrastructure.
“Let’s make sure the benefits of mining go beyond the gold — into our schools, roads, and communities,” he said.
Concluding, the Prime Minister said he was confident that K92 Mine would soon achieve Tier-One status, producing more than 400,000 ounces of gold annually, while continuing to demonstrate the highest standards of responsibility and partnership.
“Papua New Guinea wants to be the most attractive destination for mining investment in the Pacific — because we honour our laws and our people,” he said.