- Business
- Pacific Lime and Cement Limited is an integrated industrial materials company primarily engaged in the production and supply of lime, cement, and processed building products. The company operates a diversified portfolio of assets across Papua New Guinea and Australia, including limestone mining, quicklime production, and cement manufacturing. Its main products include high-grade quicklime, cement, processed building materials, and raw limestone. The company’s operations are anchored by its flagship Central Lime Project in Papua New Guinea, which is designed to supply the domestic market and target export opportunities, particularly in Australia. Pacific Lime and Cement also develops industrial minerals, copper, gold, coal, industrial sand, and power generation projects as part of its broader platform.
Founded in 2011 and headquartered in Papua New Guinea, the company rebranded from Mayur Resources Limited to Pacific Lime and Cement Limited in July 2025 to reflect its shift from a resource developer to an integrated supplier of building and industrial materials. This rebrand signals its commitment to building domestic industrial capacity and supporting nation-building efforts through infrastructure development. The company recently launched its quicklime business in Western Australia, marking a significant geographic and operational expansion into the Australian market. It has established logistics hubs in Western Australia, including in Esperance, to support efficient regional supply chains using AI-driven demand forecasting.
Recent major changes include significant progress in constructing the Central Lime Project, which is fully funded to deliver stages one and two through equity placements and debt facilities totaling over US$165 million. The project is supported by an industrial Special Economic Zone status in Papua New Guinea, which offers tax relief for 10-15 years. Pacific Lime and Cement has also formed pioneering joint ventures with local landowners to provide equity participation, capacity building, and community-driven enterprise development, setting a model for resource industry partnerships in the region. Although a key financing partner withdrew in 2025 due to the absence of a secured offtake agreement, the company continues advancing its project milestones and sales initiatives. It targets initial production in late 2025 and forecasts robust long-term EBITDA from its integrated limestone, cement, and lime production facilities.
The company’s strategic focus includes expanding its quicklime supply into additional Australian states and Papua New Guinea, leveraging its vertically integrated production and logistics capabilities. It maintains operations concentrated in Papua New Guinea and Australia, serving mining, mineral processing, infrastructure, and construction sectors. Pacific Lime and Cement’s portfolio and projects are supported by government infrastructure, including proximity to Papua New Guinea’s LNG facilities, enhancing its competitive freight advantage. The company’s leadership includes experienced executives with deep industry backgrounds, guiding its growth as a key regional supplier of industrial and building materials.
Pacific Lime and Cement Limited also pursues complementary opportunities in renewable energy and carbon mitigation, partnering in solar, wind, geothermal, and carbon offset projects aligned with its nation-building and sustainability commitments. This diversified approach underpins its mission to supply essential industrial materials while fostering inclusive economic growth and environmental responsibility in its core markets.