Author: Nelson Kepas

Kumul Minerals Supports Mulitaka Disaster Relief Program.

Kumul Minerals Holding Limited has stepped in to assist the victims and communities
affected by the landslide disaster in the Maip Mulitaka LLG area.
The company has committed K1 million to the Enga Provincial Disaster Committee, providing
much-needed relief to the affected communities.
In a press conference, Kumul Minerals Managing Director Sarimu Kanu presented the K1
million cheque to Enga Governor, Honorable Sir Peter Ipatas.
“As PNG’s national minerals company, Kumul Minerals recognizes its responsibility to support
the Porgera Paiela District communities during this disaster. Properties were destroyed, and
people were displaced due to the landslides,” said Mr. Kanu.
Mr. Kanu said the K1 million was the commitment by KMHL, however Kumul Minerals was one
of the first on the ground with initial support with genset, fuel drums, transport and food worth
over K50,000.
Mr. Kanu expressed heartfelt condolences from the Chairman of KMHL, along with the Board,
Management, and Staff, to the affected families and communities.
KMHL aims to improve the livelihood of the people of PNG by supporting the communities, as
its mission is to operate minerals assets sustainably and responsibly.

Sarimu Kanu
Managing Director – Kumul Minerals Holdings Limited

Kumul Minerals Presents Dividend to State.

Kumul Minerals Holdings Limited (KMHL) is pleased to announce its final dividend payment for the
Financial Year 2023 to the State.
This payment was presented during the Company’s Annual General Meeting held on June 21, 2024.
The positive performance of Ok Tedi Mining Limited in 2023 has resulted in a total of K150.75 million
declared dividends payable to the State, out of which the final payment of K58.625 million dividend is
now being paid to the State. KMHL holds 67 percent shares in Ok Tedi Mining Limited.
Ok Tedi Mine continues to perform very well and is strategically driving operational efficiency and
excellence in all areas of the Mine.
During the first five months of 2024, the Mine continued to deliver strong cashflow with year-to-date
profits posting 60 percent above budget and is expecting a strong run to the end of the year. Therefore,
2024 is expected to be another good year for Ok Tedi Mining Limited.
KMHL remains committed to contributing to the country’s wealth through its investments. The company
continues to prosper in its core business, focusing on state-equity option projects, direct and indirect
investments, and its exploration portfolio.
This event underscores Kumul Minerals’ vision to be a world-class mineral resource company, delivering
value to shareholders, stakeholders, and the nation. Its mission is to operate mineral assets sustainably
and profitably.
Honorable William Duma, Minister for State-Owned Enterprises, received the cheque on behalf of the
government.

Sarimu Kanu
Managing Director – Kumul Minerals Holdings Limited

Kumul Minerals Takes the Lead on ESG in PNG

Port Moresby, Papua New Guinea – March 5, 2024. Kumul Minerals Holdings Limited (KMHL), the National Minerals Company of Papua New Guinea has announced that it will take the leading role on the introduction of sustainable mining practices in PNG. KMHL has engaged KPMG-PNG to assist in developing its Environmental, Social, and Governance (ESG) Framework, which will include disclosure of key performance metrics of its subsidiaries and setting targets for improving this performance.

As part of this initiative, KMHL hosted an ESG education session on 19^th February which was attended by representatives from 14 organizations across the Government and its agencies, resources industry peers, financial institutions and environmental agencies. This session was followed by stakeholder interviews to gain an objective understanding of the environmental, social and governance concerns relevant to KMHL. The information gathered will then be used in the development of an ESG Policy and production of annual sustainability disclosures. 

Sarimu Kanu, Managing Director of KMHL, expressed enthusiasm about KMHL’s role in promoting ESG within PNG. “Our objective is to establish a robust KMHL ESG Education and Sustainability Plan, potentially the first of its kind in PNG,” he stated.  

“As the National Minerals Company, Kumul Minerals Holdings Limited takes pride in its commitment to sustainability and appreciates the active participation of all stakeholders. We have a real opportunity to ensure that PNG minerals projects are developed with the highest standards of sustainability practices, and so to capture the most value of PNG minerals for the people of PNG while at the same time having the lowest possible impact on the environment and affected communities.” 

“Kumul Minerals’ vision is to be a world-class mineral resource company that delivers value to its shareholders, stakeholders, and the nation. KMHL’s mission is to develop and operate its mineral assets in a sustainable, responsible, and profitable manner.” 