Nickel is now up 65% since the start of the year, rocketing more than 8% to $17,695 per tonne in London on Friday, the highest since September 2014. As an indiion of just how tight supply has become, in London the spread between spot prices and nickel for delivery in three months spiked to the highest in a
Landowners from Ramu Nickel/Cobalt project impacted areas in Madang Province have received more than K463.4 million worth of business contracts from Ramu NiCo Management (MCC) Ltd in the past 11 years, according to its 2019 Business Development Update Report. The developer of the nickel/cobalt project in PNG said out o
Here, let me fix it for you: Chineseowned Ramu Nickel plant 'spills' 200,000 litres of toxic slurry into the sea. It wasnt spilled by accident but by convenience. It sure will be toxic. level 2. PresidentEstimator More posts from the worldnews community. 132k. Posted by.
20191114&ensp·&enspRamu Nickel Mining accused of Ignoring Community obligations Tuesday, December 11, 2018 all, Business News The Ramu Nicco Mine Management has been accused of ignoring its community obligations to the mine impacted villages at the mine site, alon
Chinese investment in Indonesia is based on its successful development of the Ramu nickel and cobalt HPAL project in Papua New Guinea, said Lennon, but the technology still needs to be successfully transplanted to Indonesia. Macquarie sees the world needing an incremental 1.3 million tonnes of nickel over the next 10 years.
THE RAMU Nickel Project in Madang province has set a benchmark for future mining projects by engaging commercial banks to provide financial literacy training and then opening up clan accounts for its landowners to receive their royalty payments.
Visitor Posts. Mining Engineering Eduion. The Ramu Nickel Project is operated by Metallurgical Corporation of China Limited (MCC). The construction of the project began in 2008 and by 2011 the construction work was completed and started production in
On the tail of Chinese resource investment in the Pacific. The politics of the Ramu nickel project, like most mining ventures in PNG, are more local. In a nation where 97 percent of the land is under traditional ownership, successful mining ventures take time to get off the ground. Related posts: No related posts. See all Articles posts
2019118&ensp·&enspRamu mine company posts huge profit September 21, 2010 Chinese, MCC, Papua New Guinea This is an acknowledgement from MCC that the delays and costs to the Ramu nickel mine associated with the court case and injunction are immaterial and of no significance to the company's overall financial position and profitability.
Authorities said compensation would be pursued and a penalty would also be imposed on the plant operator, Ramu Nickel, which is owned by Metallurgical Corp of China (MCC). Ramu Nickel's Vice President, Wang Baowen, said the company was extremely concerned about the incident and "committed to addressing any compensation."
An Introduction of Jiangsu Delong Nickle Industry Co., Ltd Jiangsu Delong Nickel Industry Co., Ltd., solely owned by Chairman Dai Guofang, was established in August 2010 and so far it has developed into a largescale private stainless steel manufacturer integrating ferronickel production, stainless steel smelting, rolling and pickling with
20181210&ensp·&enspRamu Nickel community affairs manager Albert Tobe said this after Kurumbukari (KBK) landowners of Ramu Nickel mine in Madang told the company to list the possible business spinoff potential or they will shut the operation. The villagers gathered at Kinimati village, West Kurumbukari, and aired their views to the management.
201879&ensp·&enspMadang's annual mining development grant of K3 million is another agenda to discuss, Madang Governor Peter Yama says. He said this in a press conference on Saturday after receiving K7.9 million in royalties from Ramu Nickel on behalf of the provincial government.
Minister, Ramu Nickel Project's Basamuk refinery is not situated on State land. Since 1942, the Titles were granted without identifying the land. The Basamuk land was never acquired even in the first place from its traditional owners and occupants to become Administration land, and later for Mining purpose, from the same customary owners.
2017911&ensp·&enspHighlands posts solid result A strong operating performance at the Ramu Nickel / Cobalt mine, coupled with significantly reduced corporate overheads and administrative expenses, have enabled Highlands Pacific Limited (ASX: HIG) to report a net profit of US$1.46 million for the six months to June 2017 (2016: US$23.6 million loss).
Ramu Nickel was ordered shut "for not adhering to remedial measures issued six weeks ago," Jerry Garry, managing director of Papua New Guinea's Mineral Resources Authority, told Reuters. The measures were related to a slurry spill in August, local media reported.
By PNG Echo. Justice Derek Hartshorn – Leave denied. That the leave sort by lawyers for the Prime Minister to apply the 'Slip Rule' to the recent Supreme Court ruling (lifting the injunction on arrests and harassment of the Prime Minister and his associates) was not granted today, is not surprising.
20191211&ensp·&enspPapua New Guinea's first nickel and cobalt project the Ramu Nickel mine is designed to operate for twenty years, while Ramu NiCo Management officials say the 3billion kina project has the potential to extend its life to 40 years.
20191212&ensp·&enspMetals developer Highlands Pacific (ASX: HIG) has received a significant overnight boost with news coming out of Canada that battery metals company Cobalt 27 will be spending US$113 million to capture its cobalt and nickel production from the Ramu Nickel project in Papua New Guinea.
CANADAbased Cobalt 27 Capital Corp. has acquired a share of production from the Ramu NickelCobalt Mine near Madang from Highlands Pacific Limited for US$113 million. The deal to acquire a share in the world's first producing cobaltnickel stream also provides it with equity in the MCC operated worldclass Ramu NickelCobalt Mine.
2018917&ensp·&enspBusiness Ramu NickelCobalt posts K113 million profit A strong operating performance at the Ramu nickel and cobalt mine has enabled Highlands Pacific Ltd to report a net profit of US$36.1 million (K113m) for the first six months to June 2018, This is up from US$1.5 million for the prior corresponding half year.
20191122&ensp·&enspRamu recorded an operational result, producing 17,370 tonnes of nickel and 1,644 tonnes of cobalt in the half year at the project level (100 per cent), which was well above plant design capacity and slightly up from 16,956 tonnes of nickel and 1,624 tonnes of