SINGAPORE – Media OutReach Newswire – March 22, 2024 – In late 2023, one of Powerplus Group Pte Ltd’s (“Powerplus Group”) subsidiaries, Niugini Resources and Investments Pte Ltd (“NRI”), a Singapore-based mineral exploration and development company, was awarded a concession as larger than the country in which it is located. headquartered for copper, gold and manganese.
Powerplus excavators are heavy-duty equipment used in mining operations around the world.
The size of the concession which was awarded to NRI on October 31, 2023, by decision of the Minister, extends over an area of 202 sub-blocks, which corresponds to approximately 700 square kilometers. This award is the culmination of a Director’s Hearing conducted on 30 August 2022 and intensive deliberation by the Papua New Guinea Mineral Resources Authority’s Mining Advisory Council. Substantial anomalies in copper, gold and manganese deposits have been observed during the initial phase of investigation and further feasibility studies are underway. Based on the work plan, NRI is expected to begin full-scale operations by the end of 2024.
Comparison between the total area of Singapore and the total area of NRI’s mining concession.
NRI’s parent company, Powerplus Group, is one of the world’s leading manufacturers of heavy construction and mining equipment, with a history dating back more than half a century. The Powerplus Group offers a wide range of products, with its main product range revolving around earthmoving and transport equipment, essential to any mining operation.
With industry knowledge and technical expertise accumulated over decades of supplying equipment to established mining operations in Australia, Chile, Georgia, Ghana, Indonesia, South Africa and in Tanzania, as well as companies such as Georgian Manganese Holding, Newmont Corporation, Vale SA, PT Bukit. Asam Tbk, etc., to name a few, this venture is seen as a natural extension of Powerplus Group’s business as the supply of equipment will certainly not be a problem.
A fleet of Powerplus excavators, bulldozers and articulated dump trucks used for general mining applications.
NRI has since recruited a team of specialists from Australia, Indonesia and Papua New Guinea to carry out in-depth studies on the mineral reserves at this mine, located in the Rigo district, about an hour’s drive from the national capital, Port Moresby. By applying modern mineral system concepts with advanced desktop analytical techniques coupled with its heavy equipment prowess, NRI intends to secure several more licenses surrounding its current concession for further field work.
NRI Chief Geologist, Mr. Chris Wamugl, recently reported that the mineral composition discoveries have proven to be quite exceptional and that the resources discovered are not limited to copper, gold and manganese. Other minerals such as silver, cobalt and even nickel have also been observed and samples have already been sent for laboratory testing to determine their respective contents.
The Powerplus Group remains committed and reassures the communities affected by this mining project that it will strictly respect safe and responsible operating procedures in order to minimize the impact on the environment and improve the standard of living of the populations.
Director’s hearing conducted at Kwikila Station by the Mineral Resources Authority on 30 August 2022. Left: Photo of Mr Marcus Ong, Powerplus Group CEO, with an official from the PNG Mineral Resources Authority. Right: Photo of local communities surrounding EL2744 who will benefit from the new jobs created and economic growth.
“We are fully committed to operating safely and responsibly to maintain the quality of life of communities and ensure the long-term sustainability of this project.” As highlighted by Mr. Marcus Ong, CEO of Powerplus Group, regarding the projects relating to the mining and exploration license awarded.
Due to the scale of this project, the Powerplus Group invites interested parties to enter into joint ventures with its subsidiary NRI to accelerate the development of this mine. For more information, visit the Powerplus Group page at
www.powerplus.us/png2024 or write to
[email protected].
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Hashtag: #mining #construction #heavy machinery #mineral #exploration
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