Powerplus Excavators are robust equipment used for mining operations globally.
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.
Comparison between the total land area of Singapore vs total land area of NRI’s mining concession.
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.
With the industry knowledge and technical expertise amassed over the decades from supplying equipment to established mining operations in Australia, Chile, Georgia, Ghana, Indonesia, South Africa and Tanzania, to the likes of Georgian Manganese Holding, Newmont Corporation, Vale S.A., PT Bukit Asam Tbk, etc, just to name a few, this venture is considered to be a natural extension of Powerplus Group’s business as equipment supply will definitely not be an issue.
A fleet of Powerplus Excavators, Bulldozers & Articulated Dump Trucks which are used for general mining applications.
NRI has since brought onboard a team of specialists from Australia, Indonesia and Papua New Guinea to perform in-depth studies of the mineral reserves of this mine, located in Rigo District, which is about an hour’s drive of the nation’s capital, Port Moresby. By applying modern mineral systems concepts with advanced desktop analytical techniques coupled with its prowess in heavy equipment, NRI intends to secure several further licences surrounding its current concession for further field work.
NRI’s chief geologist, Mr Chris Wamugl, has recently reported that the findings of mineral composition have proven to be highly exceptional and the resources discovered are not limited to just copper, gold and manganese. Other minerals such as silver, cobalt and even nickel were also sighted and samples have already been sent for laboratory testing to determine their respective grades.
Powerplus Group remains committed and reassures the communities affected by this mining project that it will strictly adhere to safe and responsible operating procedures so as to minimize the impact to the environment and improve the standard of living of the people.
Warden’s Hearing conducted at Kwikila Station by Mineral Resources Authority on 30 August 2022. Left: Photo of Mr Marcus Ong, CEO of Powerplus Group, with PNG Mineral Resources Authority Officer. Right: Photo of local communities surrounding EL2744 who will benefit from the new jobs created and economic growth
“We are fully committed to operating in a safe and responsible manner to uphold the quality of living standards for the communities and to ensure the long-term sustainability of this project.” As emphasised by Mr Marcus Ong, CEO of Powerplus Group regarding the plans on the mining and exploration licence awarded.
Due to the large scale of this project, Powerplus Group welcomes interested parties to enter into joint ventures with its subsidiary NRI to hasten the development of this mine. For more information, visit Powerplus Group’s page at www.powerplus.us/png2024 or write in to inquiry@powerplus.us.
Hashtag: #mining #construction #heavymachinery #mineral #exploration
https://powerplus.us/
https://www.linkedin.com/company/powerplus-group/
https://twitter.com/powerplusgroup
https://www.facebook.com/powerplusgroupusa
https://www.instagram.com/powerplusgroupusa
https://www.youtube.com/@POWERPLUSGROUPhttps://powerplus.us/png2024/The issuer is solely responsible for the content of this announcement.
Powerplus Group Pte Ltd
Powerplus Group Inc., USA, a leading global manufacturer of a comprehensive range of construction and mining equipment, is part of Worldwide Techno-Equipment Group (1973) Pte Ltd. Established more than 50 years ago, Powerplus Group has evolved into a world-renowned organization that offers machinery unparalleled in price, quality and performance.
Powerplus machinery are manufactured with enhanced capacities to exceed even the most stringent international standards of quality and safety. With the aim of producing machinery that is able to withstand even the most extreme climatic conditions and rugged terrains, Powerplus Research & Development team which has its Headquarters in the United States, has been the backbone behind all its innovative engineering solutions.
Optimizing the best of technology from the United States, Europe and Japan, Powerplus machinery is configured to its ideal technical capabilities. A multinational team of engineers analyzes the data collected from our network of distributors worldwide and are on the constant lookout for ways to maximize the life-span of Powerplus machinery.
Today the Company’s clientele spans over 100 countries across 6 continents.
Services
STAKEHOLDER ENGAGEMENT
Stakeholder mapping, analysis, engagement and communication needs to be detailed to avoid business losses or even worse, a crisis. How can you do this effectively to prevent failure? ...
BUSINESS INTELLIGENCE
Data-driven business decisions have never been as crucial, especially in this era. MGBF leverages off, technology, experience and market presence to aid businesses in making accurate decisions. ...
GOVERNMENT RELATIONS
MGBF provides comprehensive strategic advice and results-focused solutions to solve clients' problems in business-government relations so they can focus on their core business. ...
BUSINESS & BROADER MARKET ACCESS
A critical business challenge is meeting the right decision-makers and potential buyers through the best channel and platform. How will you improve your business competency? ...
Upcoming Events
‘A WORKING LUNCH WITH NORDIN’: NATIONWIDE TOUR WITH TOYOTA
MGBF founding chairman Nordin Abdullah and UMW Toyota president Datuk Ravindran K. will delve into the convergence of automotive innovation and environmental sustainability in Penang, Sarawak, Johor and Pahang.
MGBF Roundtable: Digitalisation of the Food and Beverage Industry
Hosted by menumiz™ – an end-to-end restaurant management system – this roundtable will feature a case study presentation and a panel session to discuss the latest digital trends, challenges, and opportunities within the food and beverage sector.
THE SOUTH CHINA SEA: A THREAT OF DISRUPTION FOR BUSINESS?
In this episode of 'A Working Lunch with Nordin', MGBF's founding chairman, Nordin Abdullah, will host this discussion focusing on the biggest threats and opportunities for businesses as we look to manage change in the South China Sea.
FOOD SECURITY IN THE BREACH: INDUSTRIALISATION AND WEAPONISATION
This MGBF Roundtable will focus on regional food security issues and trends in the regional supply chain, and trade regulations and policies, including a new geopolitical tool i.e., weaponisation of supply chains.
MGBF In The News
Planet QEOS, KIS BlOCNG San Bhd, and the Sarawak Land Consolidation and Rehabilitation Authority (SALCRA) have officially signed a tripartite memorandum of understanding (MoU) to establish a collaborative framework aimed at producing bio-hydrogen via the Steam Biomethane Reforming (SBMR) Process. The MoU was signed by Planet QEOS executive chairman Dino […]
Planet QEOS and China Machinery Engineering Corporation (CMEC) are interested in investing RM10 billion to co-develop advanced Megawatt peak (MWp) agrovoltaic in Baram, to further boost Sarawak’s green energy initiative and food security. Sarawak Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg was briefed on Friday by both the […]
Last week SPM results came out, 373,974 aspirants who have been waiting patiently over the last few months would now know their fate. Some 10,109 have received all A’s, the golden standard of academic success and the ticket to those looking to study the “more advanced” subjects in university. Proudly, […]
The classic knee-jerk reaction is to say, fire the coach, change the leadership of associations, and reduce the funding till they start performing better. This kind of negative reinforcement may work for kindergarten children, but we are dealing with high-performance adults – individuals much further along in their psychological and […]
Since its earliest tea plantations in 1929, Cameron Highlands has grown to become a key player in the agricultural landscape of Malaysia, producing 40 per cent of all vegetables grown. Despite Malaysia shifting its economic focus away from agriculture, the industry remains imperative for food security and the livelihoods of […]
Although at first glance the travel industry and the agricultural sector appear to have nothing in common, they actually share more than meets the eye. The economic benefits of tourism to the agricultural sector can be multiplied several times over. “Tourism brings the end consumers closer to the source, which […]
The Malaysia Global Business Forum (MGBF) recently held a high-level roundtable themed ‘Designing the Future of the Digital Economy’, attended by industry leaders and business associations. The guest of honour was Yang Berhormat Syerleena Abdul Rashid, the Member of Parliament (MP) for Bukit Bendera in Penang. The MP’s Special Session […]
The Malaysia Global Business Forum (MGBF) will be hosting a roundtable on ‘Designing the Future of the Digital Economy’ on 23 February 2023. It is the culmination of the first three MGBF Exclusive Roundtable Series titled ‘The Evolving Threat Matrix in the Digital Economy’ held throughout 2022. According to the […]
The Founding Chairman of the Malaysia Global Business Forum (MGBF), Nordin Abdullah, today spoke on Bernama TV’s leading English talk show, The Brief, hosted by Jessy Chahal, on the topic of a stable political reality and what that means for the Malaysian economy. Nordin said, “The first thing that it […]
More than 1,100 years ago, Muhammad ibn Musa al-Khwarizmi was developing the mathematical formulas that we know today as algorithms which now have become so intertwined with the business fortunes of global media giants and the very fabric of geopolitics. A series of recent high level international reports have revealed […]
KSK Land has been recognised by the Malaysia Global Business Forum (MGBF) for its role in attracting high net-worth individuals to Malaysia post-pandemic. The first challenge in investor attraction is “selling” the country. In the context of Asia, Malaysia is competing with some very established investment destinations. The second […]
Malaysia, in particular Kuala Lumpur, continues to position itself as a regional centre to do business, educate a family and enjoy a global lifestyle. One company, KSK Land, has taken the lead in positioning itself and the city of Kuala Lumpur as a property investment destination for the global citizen […]
The upcoming budget represents an opportunity to build resilience in the critical sectors that will form the backbone of the country’s future-facing economic ambitions. This however needs to be achieved in the context of managing the community sectors most impacted by COVID-19 over the past two years. The Keluarga Malaysia (Malaysian Family) […]
KUALA LUMPUR, 6 July 2022 – As the global economy continues to deal with unprecedented levels of disruption caused by the pandemic and the conflict between Russia and Ukraine, the convergence of energy security and food security issues has become a front-of-mind issue faced by policy makers and consumers alike. […]
KUALA LUMPUR, 23 June 2022 — Malaysia Global Business Forum (MGBF) ties up with scoutAsia to ensure that businesses are equipped with deeper regional insights. The past two years has seen a massive shift in the way businesses are conducted with digitisation, digitalisation and automation continuously being adopted to improve […]
KUALA LUMPUR, 25 May 2022 – The Malaysia Global Business Forum (MGBF)’s exclusive roundtable on ‘Security Concerns in Critical Value Chains’ was held in a hybrid setting yesterday at the Eastin Hotel Kuala Lumpur. The guest of honour was Yang Berbahagia Tan Sri Dato’ Seri Rafidah Aziz, former minister of […]
