Kumul Minerals’ mandate is stipulated under Section 7 of the Kumul Minerals Holdings Limited Authorisation Act 2015, and it includes the following key roles: –
* To participate directly and indirectly in mineral resource projects as State Nominee or through separate investment programs for the benefit of the State.
* To venture into mineral industry and operate mining related businesses in PNG covering upstream, midstream, and downstream activities.
*To maximise the value of the shareholder’s investment in the Company.
The Company’s general business attitude include: –
* Endeavor amidst economic, financial and technological constraints.
* Sensitive to the needs of the physical environment in which it operates.
* Take actions or in actions consistent with principles and best practice of carrying out my programs.
* Socially and environmentally responsible in accordance with Equator Principal Considerations.
* Do all things under a well synchronized coordination management system to achieve business objectives.