GR Engineering Services Limited has announced that it has executed engineering, procurement, and construction (EPC) contracts with K92 Mining Ltd, a subsidiary of Toronto Stock Exchange (TSX) listed K92 Mining Inc. for a 1.2 Mtpa Process Plant at the Kainantu Gold Mine in Papua New Guinea.
As announced on 25 July 2023, GR Engineering had previously received a Letter of Intent from K92 Mining Ltd. The contracts’ sum is US$81 million. Site mobilisation is expected to occur in January 2024.
Commenting on the award, Mr Tony Patrizi, Managing Director 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.”