GR Engineering Services says it has executed engineering, procurement and construction (EPC) contracts with K92 Mining Ltd, a subsidiary of TSX-listed K92 Mining Inc, for a 1.2 Mtpa process plant at the Kainantu gold mine in Papua New Guinea.
As announced on July 25, 2023, GR Engineering had previously received a Letter of Intent from K92 Mining Ltd. The contract’s sum is $81 million. Site mobilisation is expected to occur in January 2024.
Tony Patrizi, Managing Director of GR Engineering, said: “GR Engineering has a long track record of successful project delivery in the mineral processing sector. We see this contract award as a strong endorsement by K92 Mining Inc of GR Engineering’s proven process design record and EPC delivery capability.”
K92 Mining owns and operates Kainantu, a producing gold mine that has existing infrastructure at site. The EPC works are being performed as part of K92 Mining’s Stage 3 Expansion plans. It has successfully executed multiple expansions at the Kainantu gold mine, after restarting operations at the site in 2016.