K92 Mining’s K230.9 million corporate tax instalment provides a powerful demonstration of what successful resource investment can deliver for Papua New Guinea while a growing mine continues to expand its commercial contribution.

K92’s contribution to national revenue

Prime Minister James Marape commended K92 Mining Limited and its Kainantu Gold Mine following the payment to the Internal Revenue Commission. The company has indicated that its total tax contributions to the State are expected to exceed K1 billion by the end of 2026.

Mining performance and reinvestment

The result gives international investors a tangible example of value created through production, reinvestment and operational discipline. Kainantu has developed as a growing mid-sized operation, showing how a project can build its contribution progressively as performance and confidence strengthen.

Benefits for local communities

The Government has also highlighted infrastructure, essential services, local economic opportunities, infrastructure tax-credit arrangements and potential State and landowner participation. Together, these benefits show how a productive mine can support public revenue, local business growth and improvements in host communities.

A case study in responsible investment

For companies considering PNG, Kainantu offers a useful commercial lesson. Strong resources can be matched with transparent reporting, tax compliance, capable local suppliers, workforce development and durable community relationships to create an operation that benefits both investors and the country.

The milestone also helps demonstrate that PNG is a market where investors can move from exploration to production and build an expanding contribution over time. For financiers, suppliers and specialist service providers, that creates reasons to look beyond individual deposits and consider the wider ecosystem of businesses needed to support productive mines throughout their operating lives.

PNGCORE leaders on K92’s milestone

“K92’s contribution is a clear example of responsible investment producing measurable results. PNG CORE congratulates the company, its workforce and its partners on a milestone that strengthens confidence in PNG’s mining sector and the value it can create,” PNG CORE President Anthony Smaré said.

“Kainantu gives investors a real PNG growth story to examine. It shows how sustained production, reinvestment and strong local relationships can turn geological potential into commercial performance and national revenue,” PNG CORE Executive Director Richard Kassman said.

Transparency and fair distribution of benefits

Prime Minister Marape said mining companies must operate efficiently, declare production transparently, meet their tax obligations and ensure benefits are shared fairly. He also emphasised the Government’s responsibility to convert resource revenues into infrastructure, services and wider opportunity.

Learning from success at PNG Investment Week

PNG Investment Week 2026 will use examples such as Kainantu to move the investment discussion from potential to performance. International delegates can meet operators, regulators, government representatives and PNG businesses while examining the conditions that have supported successful projects and the opportunities now emerging across the sector.

The conference gives mining companies, financiers and service providers a direct route into the PNG market. Delegates can identify project needs, meet credible local partners and explore opportunities in processing, power, transport, technology, professional services and workforce development.

PNG CORE invites international investors and businesses to join PNG Investment Week at the ICC Sydney from 29 November to 2 December 2026. K92’s tax milestone shows what investment in PNG can achieve. The conference is where businesses can learn from that success and begin building the next one.

PNG Investment Week 2026: 50 Years & Beyond

Hosted by the PNG Chamber of Resources & Energy (PNG CORE), PNG Investment Week 2026 is the premier platform connecting international capital with the Pacific’s largest growth cycle. Running from 29 November to 2 December 2026 at the ICC Sydney, this year’s event focuses on “50 Years & Beyond: The Next Wave of Prosperity.” Attendees will meet senior government regulators, connect with global mining and energy giants, and discover multi-billion-dollar opportunities in infrastructure, manufacturing, and tourism.