Community Development Agreement Initialed, Marking a New Era of Collaboration and Sustainable Development

Project Area Landowners, State Team, Central Provincial Government, Hiri Rural Local Level Government, and Mayur Resources Unite for Shared Prosperity

Port Moresby, Papua New Guinea – 06th February 2025 – In a historic moment of unity and collaboration, the Community Development Agreement (CDA) was formally initialed today by the Project Area Landowners, the State Team, the Central Provincial Government, the Hiri Rural Local Level Government, and Developer Mayur Resources. This landmark agreement underscores a shared commitment to sustainable development, community empowerment, and inclusive growth in the project area.

The CDA establishes a comprehensive framework to ensure that the benefits of the project are equitably distributed, while safeguarding the environment and respecting the cultural heritage of local communities. It reflects months of constructive dialogue and cooperation among all stakeholders, with a focus on creating lasting value for the people of Papua New Guinea.

Key Elements of the Community Development Agreement:

1. Community Empowerment: The agreement prioritizes local employment, skills development, and capacity-building initiatives to enable community members to actively participate in and benefit from the project.

2. Infrastructure and Services: Significant investments will be made in critical infrastructure, including roads, schools, healthcare facilities, and clean water systems, to improve the quality of life for residents.

3. Environmental Sustainability: The CDA includes robust measures to minimize the project’s environmental impact, protect natural resources, and promote sustainable practices.

4. Cultural Preservation: The agreement recognizes the importance of preserving local traditions and cultural heritage, ensuring that development aligns with the values and aspirations of the community.

5. Transparent Governance: A clear governance structure has been established to ensure accountability, transparency, and fair distribution of benefits throughout the project lifecycle.

Statements from Stakeholders:

“This agreement is a testament to the power of partnership. It ensures that our people will benefit from this project while protecting our land and way of life.”

– Representative of the Project Area Landowners

“The State is proud to support this collaborative effort, which aligns with our vision for sustainable development and inclusive growth across Papua New Guinea.”

– Representative of the State Team

“The Central Provincial Government is committed to ensuring that this project delivers real and lasting benefits to our communities. This agreement is a significant step forward.”

– Representative of the Central Provincial Government

“The Hiri Rural Local Level Government is dedicated to representing the interests of our people. This CDA ensures that their voices are heard and their needs are met.”

– Representative of the Hiri Rural Local Level Government

“Mayur Resources is honored to work alongside the local communities and government stakeholders. This agreement reflects our commitment to responsible development and creating shared value for all.”

– Representative of Mayur Resources

The initialing of the CDA marks a critical milestone in the project’s development. All parties are now focused on finalizing the agreement and moving into the implementation phase, where the commitments outlined in the CDA will be put into action.

This partnership sets a strong foundation for a project that not only drives economic growth but also empowers communities, protects the environment, and respects cultural heritage.

About Rearea Minerals:

Rearea Milnerals Limited serves as the overarching landowner company for the Rearea village community in the Central Cement Lime Project. It represents the people of Rearea, which collectively comprise over 10,000 individuals. Our company's mission is to forge a path towards a prosperous and cohesive community, based on trust and unity. We aim to achieve this by fostering strong leadership and promoting a corporate governance culture that prioritizes empathy. With a firm foundation in place, we are primed to expand into the realm of commercial business, leveraging partnerships and collaboration with stakeholders in the Central Cement Lime Project and beyond.

Media Contact:

Media and Public Relations

Office of the Managing Director and CEO

Rearea Minerals Limited

admin@reareaminerals.com

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