Latest news with #PaulMulder
Herald Sun
2 days ago
- Business
- Herald Sun
MRL completes shift into lime and cement
Don't miss out on the headlines from Stockhead. Followed categories will be added to My News. 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
Mercury
2 days ago
- Business
- Mercury
MRL completes shift into lime and cement
Don't miss out on the headlines from Stockhead. Followed categories will be added to My News. 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
News.com.au
2 days ago
- Business
- News.com.au
Mayur turns over new leaf with Pacific Lime and Cement rebrand
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.' 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. 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.
Yahoo
14-02-2025
- Business
- Yahoo
Retail investors who hold 49% of Mayur Resources Ltd (ASX:MRL) gained 29%, insiders profited as well
Significant control over Mayur Resources by retail investors implies that the general public has more power to influence management and governance-related decisions 50% of the business is held by the top 14 shareholders Insiders own 22% of Mayur Resources A look at the shareholders of Mayur Resources Ltd (ASX:MRL) can tell us which group is most powerful. The group holding the most number of shares in the company, around 49% to be precise, is retail investors. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn). While retail investors were the group that benefitted the most from last week's AU$36m market cap gain, insiders too had a 22% share in those profits. In the chart below, we zoom in on the different ownership groups of Mayur Resources. See our latest analysis for Mayur Resources Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices. Mayur Resources already has institutions on the share registry. Indeed, they own a respectable stake in the company. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Mayur Resources, (below). Of course, keep in mind that there are other factors to consider, too. We note that hedge funds don't have a meaningful investment in Mayur Resources. The company's CEO Paul Mulder is the largest shareholder with 13% of shares outstanding. In comparison, the second and third largest shareholders hold about 5.7% and 5.3% of the stock. After doing some more digging, we found that the top 14 have the combined ownership of 50% in the company, suggesting that no single shareholder has significant control over the company. While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. We're not picking up on any analyst coverage of the stock at the moment, so the company is unlikely to be widely held. The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO. Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group. Our information suggests that insiders maintain a significant holding in Mayur Resources Ltd. Insiders own AU$36m worth of shares in the AU$162m company. This may suggest that the founders still own a lot of shares. You can click here to see if they have been buying or selling. With a 49% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Mayur Resources. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run. Our data indicates that Private Companies hold 21%, of the company's shares. It might be worth looking deeper into this. If related parties, such as insiders, have an interest in one of these private companies, that should be disclosed in the annual report. Private companies may also have a strategic interest in the company. While it is well worth considering the different groups that own a company, there are other factors that are even more important. For instance, we've identified 4 warning signs for Mayur Resources (2 are potentially serious) that you should be aware of. If you would prefer check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, backed by strong financial data. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
10-02-2025
- Business
- Yahoo
Mayur Resources, Pacific Unison finalise financing deal for Orokolo Bay magnetite project
Mayur Iron PNG, a subsidiary of sand mining company Mayur Resources, has finalised agreements with Pacific Unison Holdings for the construction and operation of the Orokolo Bay Industrial Sands Project (OBP) in Papua New Guinea's Gulf Province. The agreements follow a term sheet signed in December 2024 and mark a step towards production, with a focus on magnetite output. Pacific Unison has committed up to $11.2m to potentially fully fund the construction and commissioning of the magnetite-only plant at the OBP. Mayur retains full equity ownership of the OBP and half of all future profits, while Pacific Unison will manage the funding, construction and development. Pacific Unison will be granted a mining services contract for the OBP upon the successful completion of the construction works. Furthermore, Mayur Iron PNG will create a subsidiary under a sales and marketing agreement to handle OBP output sales and marketing, with Pacific Unison Holdings having the option to own up to 49% and similar management rights. The OBP, located within Mining Lease 541 and Exploration Licence 2305, is a key part of Mayur's industrial sands portfolio and is fully permitted, with offshore equipment construction already in progress. The OBP will become a producing asset after more than ten years of planning. Construction and procurement activities, funded by Pacific Unison, have already begun. Production is expected to commence in the fourth quarter of 2025, with an annual target of 500,000 tonnes (t) of magnetite. Mayur Resources managing director Paul Mulder said: 'Identifying and securing the right long-term partner has taken some time. However, via the execution of these definitive agreements, we feel confident in the rapid development of the Orokolo Bay Project up to a nameplate production capacity of 500,000t of Magnetite per annum. 'We feel the parties are well aligned in the commercial arrangements and have a shared vision for the project's significant economic and community outcomes, not only during production but also in post-mining industries being established in the agriculture sector.' This partnership allows Mayur to concentrate on its Central Cement and Lime Project in Papua New Guinea. It will also enable the company to advance its portfolio of high-grade titanium and vanadium mineral sands projects, which are also located in Papua New Guinea. These projects, including Amazon Bay and Kiwai Island, contain critical minerals vital for industries such as aerospace, renewable energy and advanced manufacturing. "Mayur Resources, Pacific Unison finalise financing deal for Orokolo Bay magnetite project" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
