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Newmont secures deal to buy one-third of Papua New Guinea’s new domestic quicklime output starting in 2026.
Newmont has secured a multi-year quicklime offtake agreement with Pacific Lime and Cement for its Central Lime Project in Papua New Guinea, becoming its cornerstone customer and expected to take one-third of the facility’s output.
The project, set to launch in 2026, will produce 1,200 tonnes daily and replace imported quicklime, supporting Newmont’s Lihir gold mine expansion and local economic development.
The $61 million, two-kiln facility is on schedule and within budget, with plans for future expansion.
Pacific Lime raised A$97 million in equity in 2025 after a prior financing collapse and is advancing its Orokolo Bay sand project with PowerChina.
The agreement marks PNG’s first large-scale domestic quicklime production, enhancing supply-chain resilience and supporting local industry growth.
Newmont asegura un acuerdo para comprar un tercio de la nueva producción nacional de cal viva de Papua Nueva Guinea a partir de 2026.