Kumul Minerals Holdings Limited (KMHL) has announced its intention take a leading role on the introduction of sustainable mining practices in PNG.
KMHL has engaged leading professional services firm KPMG–PNG to assist in developing its environmental, social, and governance (ESG) framework.
The framework will include disclosure of key performance metrics of its subsidiaries and setting targets for improving performance.
As part of this initiative, KMHL hosted an ESG education session in February which was attended by representatives from 14 organisations across the PNG Government and its agencies, resources industry peers, financial institutions and environmental agencies.
This session was followed by stakeholder interviews to gain an objective understanding of the ESG concerns relevant to KMHL.
The information gathered will be used in the development of KMHL’s ESG policy and production of annual sustainability disclosures.
KMHL managing director Sarimu Kanu expressed enthusiasm about the company’s role in promoting ESG within PNG.
“Our objective is to establish a robust KMHL ESG education and sustainability plan, potentially the first of its kind in PNG,” he said.
“We have a real opportunity to ensure that PNG minerals projects are developed with the highest standards of sustainability practices, and so to capture the most value of PNG minerals for the people of PNG while at the same time having the lowest possible impact on the environment and affected communities.”
Kanu said KMHL takes pride in its commitment to sustainability and appreciates the active participation of all stakeholders.
“Kumul Minerals’ vision is to be a world-class mineral resource company that delivers value to its shareholders, stakeholders, and the nation,” he said.
“KMHL’s mission is to develop and operate its mineral assets in a sustainable, responsible, and profitable manner.”
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