MRL completes shift into lime and cement
Mayur Resources changes name to Pacific Lime and Cement as it becomes a PNG supplier of building and industrial materials
Company will focus on delivering high-quality lime, cement and downstream building products
Future expansion will include concrete production, castings, bricks, pavers, and other building products
Mayur Resources has rebranded itself as Pacific Lime and Cement to reflect its successful transition from a resource developer into an integrated supplier of building and industrial materials in Papua New Guinea.
The move to focus on the delivery of high-quality lime, cement and downstream building products is timely given that the country's cement demand is projected to grow significantly in 2026.
It also comes as the PNG Government flagged its interest in reducing or eliminating cement imports.
Minister for International Trade and Investment Richard Maru said in June 2025 that cement is 'essential in building our nation'.
'Our rebrand to Pacific Lime and Cement reflects our transformation into an integrated industrial materials company focused on nation-building in Papua New Guinea,' managing director Paul Mulder said.
'The new name positions us clearly in the market as a supplier of cement, quicklime, and processed building products, underpinned by our own quarry, processing, power, water, and international wharf infrastructure, all within our dedicated Special Economic Zone.
'The CCL Project is poised to become PNG's first vertically integrated downstream manufacturing hub, enabling the country to be self-sufficient in critical industrial materials like cement and quicklime.
'Through the SEZ, the platform is set to expand further downstream into concrete production, castings, bricks, pavers, and other building products, stimulating further economic and social development.'
Mayur Resources (ASX:MRL) expects to commence trading on the ASX under the ticker PLA pending completion of administrative requirements.
Strategic direction
Originally incorporated in 2011 to pursue strategic development opportunities in PNG, the company has evolved to focus on building materials, renewable energy, and other nation-building initiatives.
Early construction is already underway at the company's CCL (Central Cement and Lime project) and a final investment decision is imminent.
Location and SEZ of the Central Cement and Lime project. Pic: Pacific Lime and Cement
CCL sits just 25km north of the capital Port Moresby and will feature a co-located quarry, plant site and deep draft wharf to enable very low operating costs while providing direct access to both seaborne domestic and export markets.
The fully permitted Stage 1 lime development will be capable of delivering >400,000tpa of quicklime and hydrated lime from two kilns to generate EBITDA of ~US$34.5m annually.
Stage 2 will involve the construction of two additional kilns.
Meanwhile, the cement development will be integrated with the lime project and export wharf facilities.
This targets production of 1.65Mt of clinker, which makes up the bulk of cement.
CCL also has Special Economic Zone status, which was verified by the PNG government in June 2025 to be legally valid and very much in full force.
This SEZ provides fiscal benefits such as tax relief and duty exemptions for downstream processing operations.
The company adds that while lime and cement remain the core focus, it will not limit itself in its consideration of complementary initiatives in renewable energy, battery minerals, nature-based carbon, and broader industrial development that contribute to long-term nation-building in PNG.
Originally published as Mayur turns over new leaf with Pacific Lime and Cement rebrand
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"Geneva and London were really just about trying to get the relationship back on track so that they could, at some point, actually negotiate about the issues which animate the disagreement between the countries in the first place," said Scott Kennedy, a China economics expert at the Center for Strategic and International Studies in Washington. "I'd be surprised if there is an early harvest on some of these things but an extension of the ceasefire for another 90 days seems to be the most likely outcome." US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng will lead the delegations in Stockholm. Bessent has already flagged a deadline extension and has said he wants China to rebalance its economy away from exports to more domestic consumption - a decades-long goal for US policymakers. In the background of the talks is speculation about a possible meeting between Trump and Xi in late October. 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