A joint venture partnership between two landowner companies in the Central province with Synergy Alliance Limited (SAL), is set to benefit a lot of people in both the Kido and Rearea villages in the Hiri- Koiari District.
A groundbreaking partnership between Synergy Alliance Limited (SAL), and the Kido Holdings Limited (KHL), and Rearea Minerals Limited (RML) landowner groups was celebrated recently on the 14th of October at the Central Cement and Lime Project site at Kido, Central Province.
The Joint Venture Spin-Off Inauguration & Equipment Handover ceremony marked a pivotal moment for economic and social empowerment, and for transitioning local landowners from project stakeholders to active owners and partners in the region's burgeoning lime and cement industry.
The historic event drew prominent figures including Rainbo Paita, MP, Minister for Mining; Keith Iduhu, MP, Member for Hiri-Koiari; Central Province Deputy Administrator, Augustine Tipale; Ambassador to PNG, Isaac Lupari; Australian Deputy High Commissioner to Papua New Guinea, Adrian Lochrin; and, most importantly, representatives from the Kido and Rearea landowner communities, PLC, and SAL.
"This joint venture delivers more than promises; it provides tangible benefits and real ownership for the people of Kido and Rearea," said Mr. Paul Mulder, Managing Director of Pacific Lime and Cement (PLC) Limited.
"We are building a sustainable future, together."
This unique Partnership offers:
ā¢ Free-Carried Equity: Landowners become immediate equity partners without initial capital
investment.
ā¢ Capacity Building: Training, skill development, and mentorship by SAL.
ā¢ Community-Driven Growth: Over time, a clear path to 90% landowner ownership of spun-off services businesses and asset-heavy equipment contracts.
"I commend the leadership of the Landowners who have been working closely with PLC to see the initiative that we witnessed at the launch become a reality," said Iduhu.
"This challenges the status quo of all projects," added Minister Paita. "Companies now must match this or do even better.ā
Pacific Lime and Cement (PLC) is committed to building a brighter future for Papua New Guinea through responsible resource development, local partnerships, and community investment.
