K92 Mining Inc., a leading mining company based in Vancouver, recently announced the release of its 2023 Sustainability Report, showcasing its commitment to environmental, social, and governance (ESG) practices. The report, prepared in line with industry standards, highlights the company’s efforts in providing climate disclosures and aligning with global recommendations.
One of the key highlights of the report is the significant impact K92 has had on the local community in Papua New Guinea, where the company operates. With nearly 1,700 employees and contractors, 94% of whom are PNG Nationals, K92 has prioritized local hiring and procurement, contributing $105.0 million to PNG companies in 2023. Additionally, the company paid $26.8 million in taxes and royalties, making it the second-largest taxpayer in the country’s mining industry.
Furthermore, K92’s commitment to sustainable development was recognized by the PNG Chamber of Resources and Energy, awarding the company for its Women in Mining Program. The report also highlights K92’s efforts in promoting gender diversity, with 43% of board directors being female and 29% racially or ethnically diverse.
Despite its achievements, K92 faced challenges in 2023, including tragic incidents resulting in fatalities. The company remains focused on enhancing safety measures and transparency in its operations, prioritizing the well-being of its employees and contractors.
Looking ahead to 2024, K92 is optimistic about its future plans, including the Stage 3 and Stage 4 Expansions at the Kainantu Gold Mine. With a strong emphasis on its core values and commitment to sustainable practices, K92 aims to continue delivering value for generations to come.
