Safety 553 days without a lost time injury
"The past year has been truly transformational for K92, as we advance our plans to become a world-class, Tier 1 gold mining operation. We achieved notable operational successes during the year in parallel with significant progress on our Stage 3 and Stage 4 Expansions. Importantly, we have done so with exemplary safety performance, including achieving 553 consecutive days without a lost-time injury, a testament to the robust health and safety management systems and practices we continue to implement.
Our local value-retention initiatives continue to deliver significant value for our local stakeholders. At the end of 2024, we employed nearly 1,800 employees and contractors and remained the second highest corporate income taxpayer within the country, with some $62.6M in taxes and royalties paid in PNG. We also procured approximately $96.5M from PNG companies, including $28.0M from unique, local Joint Ventures, which are partnerships between established businesses and local landowner associations that help deliver significant value for local communities.
We will look forward to working in ongoing partnership with all our stakeholders to deliver transformational value from our operations – now and into the future.”- CEO and Director, John Lewins
SUSTAINABILITY REPORT HIGHLIGHTS
Our People
92% OF WORKFORCE FROM PNG One of the highest in the resource sector in PNG, 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
Education Focus Sponsoring 66 tertiary education students in 2024
WOMEN EMPOWERMENT Multiple targeted initiatives with local stakeholders to support female-led development
Our Communities
$96.5 MILLION In procurement to PNG companies in 2024
$62.6M IN TAXES AND ROYALTIES In PNG including corporate tax, payroll tax, royalties, and import duties
42% OF EXPENDITURES LOCALLY PROCURED Including $28 million to unique Joint Ventures
TAX CREDIT SCHEME Inaugural project launched representing investment of $6.6 million
$0.7 MILLION In direct community investments in 2024
Awarded 2024 Outstanding Community Humanitarian Initiative Award By the PNG Chamber of Resources and Energy for the K92 Sustainable Livelihoods Agriculture Program
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 expanding 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