【Ferro-alloys.com】:In late 2023, one of Powerplus Group Pte Ltd’s (“Powerplus Group”) subsidiaries, Niugini Resources and Investments Pte Ltd (“NRI”), a Singapore-based mineral exploration and development company, secured a concession as large as the country it is headquartered in for copper, gold and manganese.

The size of the concession which NRI was awarded with on 31 October 2023, by the grant of Minister, spans a land area of 202 sub-blocks which translates to approximately 700 square kilometers. This award is a culmination of a Warden’s Hearing conducted on 30 August 2022 and an intensive deliberation by the Mining Advisory Council from the Mineral Resources Authority of Papua New Guinea. Substantial anomalies of copper, gold and manganese deposits have been observed in its initial phase of investigations and further feasibility studies are underway. Based on the workplan, NRI is scheduled to commence full scale operations by the end of 2024.

NRI’s parent company, Powerplus Group, is a leading global manufacturer of heavy construction and mining equipment, with a history dating back to more than half a century ago. Powerplus Group offers a wide spectrum of products with its core product range revolving around earthmoving and transportation equipment, which is essential for any mining operation.
 

• [Editor:Alakay]