Who We Are
Kumul Minerals Holdings Limited is an independent company owned by the people of PNG with a mandate to participate at all stages of the minerals industry.
Who We Are
Kumul Minerals Holdings Limited is an independent company owned by the people of PNG with a mandate to participate at all stages of the minerals industry.
The minerals company developing Papua New Guinea
Kumul Minerals Holdings Limited (KMHL) was established by the Kumul Minerals Holdings Limited Authorisation Act 2015 of the Parliament of the Independent State of Papua New Guinea. Our company focuses on developing the country of Papua New Guinea by creating opportunities, developing projects, and contributing to the country’s economy. KMHL is the State Nominee for investments in State Equity Option projects, as well as direct and indirect investments in mineral assets.
We pursue all activities across the minerals value chain
Exploration and studies
Mine development
Mine operations and minerals processing
Mine rehabilitation and closure
Downstream processing
It is our vision to be a responsible minerals company committed to creating and enhancing value throughout the entirety of the minerals business.
Our mission guides us in achieving our vision. We:
Invest in high-value assets in the complete chain of the mineral sector.
Prudently manage and maximise shareholders’ interests and returns in mineral assets.
Develop and grow a dynamic, skilled and motivated team in the mineral industry.
Grow the company to become a competitive player in the minerals sector.
Act as an environmentally friendly and socially responsible corporate entity.
The guiding principles of the Kumul Minerals team
KMHL team members:
Rise above amidst economic, financial and technological constraints.
Act sensitively to the needs of the physical environment in which we operate.
Take actions consistent with principles and best practices of carrying out business.
Act socially and environmentally responsible following Equator Principal Considerations.
Do everything under a well-synchronised coordination management system to achieve our business objectives.
The guiding principles of the Kumul Minerals team
KMHL team members:
Rise above amidst economic, financial and technological constraints.
Act sensitively to the needs of the physical environment in which we operate.
Take actions consistent with principles and best practices of carrying out business.
Act socially and environmentally responsible following Equator Principal Considerations.
Do everything under a well-synchronised coordination management system to achieve our business objectives.
Our Mandate
Kumul Minerals’ mandate is stipulated under Section 7 of the Kumul Minerals Holdings Limited Authorisation Act 2015. It includes the following key roles:
To participate directly and indirectly in mineral resource projects as the State Nominee or through separate investment programs for the benefit of the State.
To venture into the mineral industry and operate mining-related businesses in PNG, covering upstream, midstream, and downstream activities.
To maximise the value of our shareholders’ investment in KMHL.
Invest in KMHL & invest in PNG’s future
KMHL has the potential to grow into a globally significant mining company. By 2050, its attributable revenue could sustainably exceed US$2 billion. Through the exercise of State Equity Options, targeted investment in development projects, and construction of downstream processing facilities, KMHL is building a diversified portfolio of assets.
With an orderly, responsible, and sustainable approach to developing PNG’s mineral resources, we’re creating a brighter future for Papua New Guinea and its mineral assets.
Invest in KMHL & invest in PNG’s future
KMHL has the potential to grow into a globally significant mining company. By 2050, its attributable revenue could sustainably exceed US$2 billion. Through the exercise of State Equity Options, targeted investment in development projects, and construction of downstream processing facilities, KMHL is building a diversified portfolio of assets.
With an orderly, responsible, and sustainable approach to developing PNG’s mineral resources, we’re creating a brighter future for Papua New Guinea and its mineral assets.
Shareholding
The Prime Minister is the Trustee Shareholder (may also be called the legal owner) of the sole issued ordinary share in Kumul Minerals, holding that share on trust for the benefit of the State as a Beneficial Shareholder. The Trustee Shareholder has all the powers of a shareholder.
Board and Committees
The Kumul Minerals Board is independent. The Company’s Constitution requires that the majority of the directors be Papua New Guinea citizens who are independent of the State and suitably qualified and relevantly experienced.
All directors satisfy the stringent requirements of the Fit and Proper Persons Guideline for the Appointment of Directors as set out in the Kumul Minerals’ Constitution, the Kumul Minerals’ enabling Act, and as adopted by the Trustee Shareholder.
The Board has adopted a conventional committee structure in which the professional expertise of each Director can be applied efficiently. Kumul Minerals has established committees for each of the key functions of the business:
Finance and Investment Committee
Audit and Risk Committee
Human Resources and Remuneration Committee
Church, Community and Social Services Committee
Nominations Committee
Board and Committees
The Kumul Minerals Board is independent. The Company’s Constitution requires that the majority of the directors be Papua New Guinea citizens who are independent of the State and suitably qualified and relevantly experienced.
All directors satisfy the stringent requirements of the Fit and Proper Persons Guideline for the Appointment of Directors as set out in the Kumul Minerals’ Constitution, the Kumul Minerals’ enabling Act, and as adopted by the Trustee Shareholder.
The Board has adopted a conventional committee structure in which the professional expertise of each Director can be applied efficiently. Kumul Minerals has established committees for each of the key functions of the business:
Finance and Investment Committee
Audit and Risk Committee
Human Resources and Remuneration Committee
Church, Community and Social Services Committee
Nominations Committee