Mayur Resources (ASX:MRL) appoints COO for cement & lime business

• Mayur Resources (MRL) has appointed a Chief Operating Officer (COO) for its cement and lime business
• Trent Alexander will lead Mayur Industrials and help develop the company’s Central Cement and Lime (CCL) Project in Papua New Guinea
• The new COO bring almost two decades worth of experience to the role, including stints at Brickworks, Hanson, Adelaide Brighton and Orica
• MRL MD Paul Mulder welcomed the appointment, stating it was an opportune time to advance the quicklime plant
• Shares in Mayur Resources are trading down 6.52 per cent at 21.5 cents

Mayur Resources (MRL) has appointed a Chief Operating Officer (COO) for its cement and lime business.

Trent Alexander has been appointed a leader of Mayur Industrials, the company in charge of developing MRL’s Central Cement and Lime (CCL) Project.

Located near Port Moresby in Papua New Guinea, the CCL project is essentially a quicklime and clinker/cement manufacturing facility.

The new COO of Mayur Industrial brings almost two decades worth of experience to the role, including stints at Brickworks, Hanson, Adelaide Brighton and Orica.

MRL Managing Director Paul Mulder has welcomed the appointment, stating it was an opportune time to advance the quicklime plant.

“Paul’s appointment follows Bruno Wauters appointment to Mayur Industrials’ board in April,” he began.

“Together, their combined industry experience covers all aspects of the cement and lime industry in Australia and abroad and will prove invaluable as the company looks to secure offtake and project financing, as well as engage with EPC contractors,” he said.

“Mayur is committed to building the capability of its lime and cement business as market momentum continues to build in our favour,” the MD added.

Meanwhile, the new Chief Operating Officer said he was excited to be heading up such an attractive project.

“CCL is uniquely positioned as a high-grade, low-cost resource near to surface and adjacent to deep water,” Trent Alexander said.

“With PNG importing all of its cement and lime products, as well as Australia increasing its import volumes, the project has a ready-made market,” he added.

Shares in Mayur Resources are trading down 6.52 per cent at 21.5 cents per share at 3:25 pm AEDT.