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Responsible Mining

"In 2022, we continued to work to further embed ESG across all levels of our business. At the Board of Directors level, we established a new, standalone Sustainability Committee, which will play a key role in overseeing ESG and sustainability matters across the company. We also continued to advance our Board diversity strategy, which establishes a target of 30% female representation on the Board of Directors. During the year, we surpassed this target with 33% female representation on the Board. We also worked in close partnership with PNG Power Limited by making a $1M investment to upgrade the power infrastructure near the mine, increasing power reliability from the electrical grid and helping to further reduce our greenhouse gas emissions.

At K92, we pride ourselves on the significant value we generate for the economy of Papua New Guinea. By December 2022, the number of employees and contractors engaged in our operations increased to 1,477, approximately 94% of whom were Papua New Guinean nationals. We are also very proud of our local education and skills development initiatives, which, in 2022, included a total of 38 tertiary scholarships and 200 graduates from our adult literacy program, 90% of whom were women.”

- CEO and Director, John Lewins


Our People

Safety Lost-time injury frequency rate of 0.31
95% OF WORKFORCE FROM PNG One of the highest in the resource sector, with majority from local communities
LOCAL SKILLS DEVELOPMENT Through multiple Memoranda of Understanding implemented in partnership with PNG universities to help develop a robust pipeline of skilled mine workers
WOMEN EMPOWERMENT Through the Sustainable Agriculture Livelihoods Program, employing 80% women and successfully growing new types of crops in the PNG lowlands
Education Focus Sponsoring 38 tertiary education students in 2022

Our Communities

$1.1 MILLION In community investments in 2022
$81.3 MILLION In procurement to PNG companies
59% OF EXPENDITURES LOCALLY PROCURED Including $21.3 million to unique Joint Ventures
$31.8M IN TAXES AND ROYALTIES In PNG including corporate tax, payroll tax, royalties, and import duties
TAX CREDIT SCHEME Enacted by PNG Government, through which up to 2% of K92’s assessable income can be allocated to community projects and deducted from corporate tax payable

Our Environment

Low Impact Small footprint underground mine, process plant and tailings designs
No Surface Waste Rock Through keeping waste rock underground as backfill or repurposing the waste rock as fill for building the tailings storage facility impoundment and other civil works
GHG REDUCTION TARGET 25% reduction in GHG emissions by 2030 against a business-as-usual forecast
10 Million Tree Program Participant Contributing towards PNG’s goal of planting 1 million new trees a year for 10 years
HYDROELECTRIC POWER Significant source of power at the Kainantu operations
No Cyanide Used on site, eliminating key environmental and safety risks

“We are very committed to mining the exceptional natural resources of the Kainantu Gold Mine in a socially responsible manner and in many cases exceeding what is expected from us.”

- Philip Samar, Vice President, Government and Community Affairs, and former Managing Director, Papua New Guinea Mineral Resources Authority



“Development comes from knowledge and knowledge from reading”

- Mark Schubert, General Manager - External Affairs and Sustainable Development

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