Cosmicore Corporate Structure
Cosmicore operates as a multi-disciplinary project delivery company, committed to transforming Papua New Guinea (PNG) through strategic investments, sustainable development, and ethical governance. The corporate structure of Cosmicore is designed to ensure efficient operations, clear governance, and strong partnerships, with a clear division of responsibility across key areas.
Parent Company
Cosmicore Pty Ltd (Brisbane, Australia)
Executive Chairman & Global CEO: Melvin K. Jensen
- Leadership and strategic oversight for all Cosmicore operations, including business development, stakeholder management, and governance.
- Responsible for overseeing the overall direction, key investments, and ensuring alignment with Cosmicore’s mission and values.
Board of Directors
- Comprising experienced leaders in mining, infrastructure, energy, agriculture, and governance.
- Ensures strategic guidance, risk management, and long-term sustainability for the company.
Corporate Governance & Compliance Team
- Ensures that Cosmicore operates in compliance with all relevant Australian and PNG laws, regulations, and industry standards.
- Develops and maintains internal controls, policies, and procedures to ensure ethical business practices.
Subsidiaries and Operational Entities
Cosmicore PNG Limited (Papua New Guinea)
Managing Director:
- Responsible for overseeing the daily operations and project implementation in Papua New Guinea.
- Ensures that all projects align with local regulations, customs, and landowner interests.
- Manages relationships with local stakeholders, including customary landowners, government agencies, and community leaders.
Project Management & Operations Team:
- Consists of professionals with expertise in mining, civil engineering, surveying, infrastructure, and local governance.
- Responsible for the execution of key projects, such as mining operations, infrastructure construction, and agricultural development.
Landowner Liaison & Community Engagement Team:
- Dedicated to maintaining strong communication and partnerships with landowner groups, ensuring that they benefit from projects and have a voice in the decision-making process.
- Develops and manages landowner agreements, ensuring a fair and equitable distribution of benefits.
Andapare Wagi Petromin Resource Investment Limited (Papua New Guinea)
Executive Chairman: Melvin K. Jensen
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Oversees the strategic direction and investment opportunities related to resource development projects in PNG, specifically mining, oil, and gas.
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Ensures that the company is aligned with Cosmicore’s vision for landowner empowerment and sustainable resource management.
Investment & Partnerships Team:
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Develops relationships with international investors, strategic partners, and government stakeholders.
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Works to secure funding for projects and partnerships that align with Cosmicore’s long-term objectives.
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Negotiates joint venture agreements and financing structures for mining, energy, and infrastructure projects.
Geology & Resource Management Team:
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Responsible for overseeing the exploration and resource assessment of mining properties, including the EL1611 gold and copper exploration project.
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Conducts technical feasibility studies, environmental impact assessments, and resource estimation to ensure responsible development.
Strategic Joint Ventures & Partnerships
Cosmicore’s Joint Venture Partners:
- Partners with landowner groups, local companies, and global investors to co-develop projects. These joint ventures ensure that all stakeholders have a vested interest in the success of the projects.
- Partners are integral in securing capital, providing technical expertise, and contributing to the local economy through job creation and skill development.
Strategic Partnerships with Government Agencies:
- Dedicated to maintaining strong communication and partnerships with landowner groups, ensuring that they benefit from projects and have a voice in the decision-making process.
- Develops and manages landowner agreements, ensuring a fair and equitable distribution of benefits.
Support Functions
Finance & Administration
Chief Financial Officer (CFO): [Name TBD]
- Manages the financial health of the company, overseeing budgeting, financial reporting, cash flow, and investment strategies.
- Ensures that financial decisions align with the long-term strategic goals of Cosmicore.
Legal & Compliance Team:
- Manages all legal matters, including contracts, landowner agreements, joint ventures, regulatory compliance, and corporate governance.
- Ensures that all activities are conducted ethically and in compliance with Australian and PNG law.
Technical & Operations Support
Engineering & Surveying Team:
- Provides technical support for the execution of infrastructure projects, such as road design, bridge construction, and mining operations.
- Specializes in the use of advanced surveying and engineering software (e.g., Bentley, AutoCAD, 12D Model) for precision in project planning and execution.
Environmental & Sustainability Team:
- Focuses on ensuring that all projects are executed in an environmentally sustainable manner, meeting local and international standards for environmental protection.
- Works on impact assessments, rehabilitation plans, and sustainable resource management strategies.
This corporate structure ensures that Cosmicore operates efficiently, with clear lines of authority, specialized teams for different areas of operations, and strong governance. It is designed to empower landowners, foster strategic partnerships, and ensure sustainable growth in PNG's development.