The US$2.1bn world class Ramu nickel project that integrates mining, beneficiation and refining is located near Madang, on the north coast of PNG. It is one of the largest and most ambitious mining and processing projects to have been successfully brought into production in PNG. It is composed of laterite open-pit mining, 135km slurry pipeline, high pressure acid leaching, deep sea tailings placement (DSTP) as well as a number of supporting facilities. The Project produces nickel/cobalt intermediate product, in which the aggregate nickel metal accounts for 31,000 tons per year and cobalt 3,000 tons per year.
Current Joint Venture (JV) Partners of Ramu Nickel Cobalt Project
The project is an unincorporated joint venture between MCC Ramu (85%); Mineral Resources Madang Limited (MRML 2.5%) and Mineral Resources Ramu Limited (MRRL 3.94%) two subsidiaries of Mineral Resource Development Corporation (MRDC) on behalf of PNG government and landowner interests, and Ramu Nickel Limited owns 8.56%, a subsidiary of Highland Pacific Ltd. Ramu NiCo Management (MCC) Limited, as the manager/operator of the project appointed by all JV parties, was fully responsible for construction, development and operation of the Project.