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Responsible Mining

"At K92 Mining, we have a strong focus on the prosperity and development of Papua New Guinea and local communities through socially responsible mining. We believe this is achieved through safe and environmentally responsible mining; strong community engagement; investing in PNG’s future through education and training; providing infrastructure and services development, and; providing employment and economic opportunities for Papua New Guineans.

We are very proud that over 95% of our employees are PNG nationals, of which a majority are from our local landowners. Our workforce also has one of the best safety records in all of Australasia, which we believe is a testament to the dedication and strong work culture of our employees. In 2022, we have continued to create employment opportunities through sequentially commissioning our Stage 2A Plant Expansion. We are also concurrently advancing our next stages of growth with the Integrated Development Plan evaluating Stage 3 and Stage 4 Expansions. K92 is proud to be the largest mineral explorer in Papua New Guinea, with a major focus on investing to unlocking its resource potential for future generations."

- CEO and Director, John Lewins

SUSTAINABILITY REPORT HIGHLIGHTS

Our People

Safety One of the top safety records in the Australasian Region with a year-over-year LTI frequency reduction of 14%
95% PNG National Workforce One of the highest in the resource sector, with majority from local communities
MAJOR CORPORATE TAX PAYER IN PNG 14% year-over-year increase in corporate tax and second-highest taxpayer in the mining industry in Papua New Guinea
Career Progression Through uplifting of PNG National workforce skills including senior management and senior operator positions
WOMEN EMPOWERMENT Through the Sustainability Agriculture Livelihood program, employing 80% women and successfully growing new types of crops in the lowlands

Our Communities

$0.9 Million In community investments in 2021
ACCESS TO CLEAN WATER EXPANDED Through an investment of $37,500 (materials, excludes labour) and commitment to providing impacted communities with fresh water by improving water lines and installing new water supply systems
1 MILLION PGK ($300,000) Contribution to the new market in Kainantu to support regional commerce
63% OF EXPENDITURES LOCALLY PROCURED Since the start of operations supporting the development of long-term sustainable businesses, which earned $15.5 million in 2021
Education Focus sponsoring 51 tertiary education students, local community primary and secondary school enrollment fees and full-scholarship awards

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.
10 Million Tree Program Participant contributing towards PNG’s goal of planting 1 million new trees a year for 10 years.
HYDROELECTRIC POWER main source of power at the Kainantu operations.
No Cyanide used on site, conventional flotation concentrate is used instead.
Meets or Exceeds discharge water quality requirements that is closely monitored through monthly sample collections.

“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

OUR COVID-19 RESPONSE

Assistance

1.5 million PGK (US$450,000) COVID-19 Assistance Fund created in April 2020 to support local government, Eastern Highlands and Morobe Provincial Governments and Central Government, including
  • PPE
  • Medical Supplies
  • Testing Kits & Equipment
  • Essential Goods & Services
  • Logistics
  • Any Other Needs
1 million PGK (US$300,000) Additional assistance funding to the Eastern Highlands Province.
Medical Oxygen Plants Expeditiously purchased and delivered medical oxygen plants

Testing

ON SITE TESTING testing utilizing rapid GENESIS Q16 PCR Testing capabilities. All staff is tested before clearing quarantine to report to site.
DOCTORS & NURSES full-time and on-site to administer testing and as first response to any medical concerns.

Risk Management

QUARANTINE Quarantine and clear testing before reporting to work on site.
VACCINATION PROGRAM introduced for all site personnel and administered by our medical staff. K92 is also working with the Eastern Highlands Provincial Health Authority to support its vaccination program roll out in the broader community.
SOCIAL DISTANCING & MASKS Implemented on site and encouraged outside of site and the communities.
HYGIENE enhanced through frequent disinfecting and augmentation of hand washing systems.
COVID-19 BEST PRACTICES systems were approved by the Australian Department of Foreign Affairs and Trade

ADULT LITERACY PROGRAM

“Development comes from knowledge and knowledge from reading”

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

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