Billionaire Gerry Harvey takes major stake in PNG cement play Mayur

The Harvey Norman chairman now owns almost 7 per cent of the ASX-listed building materials hopeful, which raised $100 million last week.

Mark WembridgeResources reporter

Mar 9, 2025 – 5.00pm

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Billionaire businessman Gerry Harvey is expanding his investment portfolio beyond retail and property and into lime and cement, becoming a major investor in ASX-listed, Papua New Guinea-focused Mayur Resources.

Harvey is best known as the founder and chairman of Harvey Norman, which is run by his wife, Katie Page. The family has amassed a fortune of $3.4 billion, according to estimates in the Financial Review Rich List.

Mark Wembridge covers resource companies for The Australian Financial Review, based in Perth. He formerly worked for the Financial Times in London and Hong Kong.