Londolovit, Niolam (Lihir), New Ireland, PNG — 3 February 2026
O.M. Holdings Limited (Oilmin) and Nimamar Capital Limited (NCL) have officially entered into a Joint Venture, ‘Nimamar Field Services Limited’ (NFSL), during an official signing ceremony in Londolovit on Niolam Island (Lihir) in New Ireland Province
Under the Joint Venture agreement, NFSL will provide a comprehensive suite of services, including (but not limited to):
- Construction
- Camp Management
- Camp Maintenance
- Commercial Catering
- Procurement
- Labour Hire
- Equipment Hire
Present at the signing were representatives from NCL, including Chairman Mr. Martin Simol and Chief Executive Officer Mr. Presley Semi, with representatives from Oilmin, Chief Executive Officer Mr. Fintan Lalor and Director Mr. Declan Leahy. Also, in attendance to witness the signing were President of the Nimamar Rural Local Level Government (NRLLG), Mr. Stanley Tunut and Deputy President Mr. Joseph Sitiaman as shareholder representatives of NCL.
Oilmin CEO Mr. Fintan Lalor said the joint venture reflects Oilmin’s long‑standing commitment to PNG and its shared vision with NCL for sustainable, locally driven growth “Oilmin is a proudly PNG-owned company with 34 years of experience delivering field support services across the country. Partnering with Nimamar Capital Limited is more than a commercial arrangement; it represents a shared commitment to operational excellence, sustainable development, and meaningful community participation on Lihir Island. We are excited about the opportunities ahead as we work together to deliver high-quality services, create employment, and build lasting value for the Lihirian people.”
NCL Chairman Mr. Simol thanked Oilmin for the partnership, saying “Oilmin’s proven national track record makes it an ideal partner and that the joint venture aligns strongly with the Board’s strategy to deliver NCL’s vision and strengthen the long-term resilience of the company through credible, high-quality strategic collaborations.”
President for the NRLLG, Mr. Stanley Tunut said “The NRLLG’s priority is to secure a sustainable future for Lihirians beyond the life of the mine. He welcomed and fully supported the joint venture, noting that royalties set aside through NCL are intended to benefit future generations, and said the LLG will work alongside the partners to help create and expand business opportunities that deliver long-term security for the community.”
NFSL brings together Oilmin’s long‑established operational expertise and NCL’s strong local ownership to deliver reliable, compliant, and performance‑driven services on Lihir.
NCL CEO Mr. Presley Semi said “the Board and management remain focused on safeguarding and growing shareholder funds, using partnerships such as this to build a sustainable financial base that will continue supporting the community beyond the life of the mine. He added that working with reputable partners underscores NCL’s commitment to strong governance, compliance and prudent financial management”.
The joint venture represents a forward‑looking investment in capability, capacity, and community focused for the long-term benefit of the Lihirian people and the industries that operate within Lihir and New Ireland Province.