Kumul in gas supply deal

KUMUL Petroleum and ASX-listed Mayur Resources have signed a memorandum of understanding on the sourcing and supply of gas for Mayur’s proposed business at Caution Bay, 25km north of Port Moresby.

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Mayur MD Paul Mulder with Kumul MD Wapu Sonk

The vertically-integrated lime and cement project, a resource for which was announced this week, is adjacent to the PNG LNG plant, and the purpose of the agreement is to provide Mayur with a pathway