Company Interview / The small cap aiming to cement growth

Key points:

- Pacific Lime and Cement shifts focus to building materials and value-added processing

- Central Cement and Lime project positioned near major infrastructure and markets

- ESG initiatives target renewable energy and carbon offsets in PNG

- Company aims to lower cement prices and boost local job creation and exports

Pacific Lime and Cement has undertaken a strategic shift from early-stage resource development to active project delivery, with a core focus now on building materials. Paul Mulder attributes this move to the strong demand for quicklime, clinker, and cement in Papua New Guinea (PNG), where the company is based. According to Mulder, PNG currently imports all its lime and cement, which also represents a major import for both the Australian east and west coast markets. PNG’s proximity offers significant logistical advantages, being three times closer to Australia than other suppliers.

Mulder highlights the Central Cement and Lime project as Pacific Lime and Cement’s flagship asset. The project features an ultra-high-grade resource, integrated operations including a private port, and benefits from its coastal location just 24km from Port Moresby. Close proximity to critical infrastructure, such as the $18 billion ExxonMobil PNG LNG plant, as well as deep-water access, further strengthens its strategic appeal.

From an ESG perspective, Mulder outlines initiatives such as renewable energy adoption and carbon offset projects, aiming to support local communities and environmental goals. He asserts that increasing domestic cement production will help reduce prices, retain jobs and foreign currency within PNG, and create export opportunities for both PNG and Australia.