K92 Mining Boosts PNG Economy with Major Tax Contributions
K92 Mining Ltd, the operator of the Kainantu gold mine in Eastern Highlands, reaffirmed its commitment to driving Papua New Guinea’s economic growth at the 2025 PNG Resources Summit yesterday.
Chief Executive Officer John Lewins told attendees in Port Moresby that the company is on track with its ambitious stage three expansion at Kainantu, which includes a new 1.2 million tonnes per annum processing plant commissioned in June. “We’re transforming Kainantu into a top-tier, mid-sized gold producer,” Lewins said, emphasizing K92’s role in PNG’s prosperity.
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| K92 Mining Boosts PNG Economy with Major Tax Contributions [Photo supplied] |
Lewins highlighted K92’s economic impact, from local hiring and community initiatives to hefty capital investments and tax payments. The company has already paid over K300 million in corporate taxes in 2025, fueled by strong output at Kainantu. K92 now projects its 2025 tax contributions to reach K375 million, up from an earlier estimate of K274 million, with an additional K47 million paid in March following a record-breaking fourth quarter in 2024.
“K92 is proud to be a leading taxpayer in PNG’s mining sector,” Lewins said, adding that the company is excited to continue supporting the nation’s growth through jobs, local spending, and infrastructure.
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