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Mining Support Business Seeking Loan in Port Moresby, Papua New Guinea

Papua New Guinea-based engineering consultancy company seeking capital to expand operations.

Established 1-5 year(s)
Employees 5 - 10
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 26 thousand
Run Rate Sales USD 56 thousand
EBITDA Margin 30 %
Industries Mining Support
Locations  Port Moresby
Local Time 12:19 PM Pacific / Port Moresby
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 50 thousand for 8.0% annual interest, 4 years (Native Currency: PGK 200,000)
Reason: Funds are required to buy mining software licenses and for residential rental accommodation construc... View More
Collateral Available: USD 2.6 thousand
Includes physical assets worth USD 10 thousand
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Business Name
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Business Overview

- We provide mining engineering consultancy services and we are planning to purchase state-of-the-art mine planning and design software to use in the design and planning of mining projects.

- Have only one major client, "Kumul Minerals Holdings Limited" of the state of Papua New Guinea.

- Providing services to the company in technical assessment and economic evaluations of mining projects.

- We are planning to diversify into the construction of residential rental properties targeting mine employees and their families.

- Our market strategy is focused on the deliverance of our client's project. We have successfully delivered on validation studies of two upcoming gold mining projects and therefore have secured a further six (6) months contract.

- Consultants have more than 20 years of experience in mining projects and mining education.

Products & Services Overview

Providing mining engineering consultancy services to Kumul Minerals Holdings Limited, a business subsidiary of the Papua New Guinea Government focusing on mining projects investments and development.

Assets Overview

Assets include basic office setups, computers, and laptops.

Facilities Overview

We operate from a residential rental-based space and plan to shift the consulting business location to a central business district area in the future. It is on 30 sqm area with a monthly rent of PGK 3,000.

Capitalization Overview

- Business is funded by personal funds and the current ongoing contract with Kumul Minerals Holdings Limited.

- The company has 1 owner.

- Company has no debts or liabilities.

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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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