August 16, 2018

Ramu NiCo leads lateral development, hydro-metallurgy worldwide

With its monthly production maintained well above 3000 tonnes and production capacity above 106 per cent, Ramu NiCo is currently leading the industry of red laterite development and hydro-metallurgy worldwide.
This was revealed recently by the chairman of Ramu NiCo Management (MCC), Zong Shaoving, during a luncheon with landowner association representatives and company employees of its Madang Operation base late last month.
Mr Zong said Ramu NiCo has always been working positively to promote cooperation with landowners on community levels to improve the livelihood of landowners.
He said that Ramu NiCo’s mining operations are located in the most remote parts of Madang, however, the company has overcome tremendous difficulties to bring much needed infrastructures such as roads and bridges, schools and health centres in project impacted areas.
Zong said Ramu NiCo will continue to respond actively to community requests to realize sustainable development.
During the construction phase of the Ramu Project from 2007 to 2010 the company had made significant contributions in areas of local procurement, tax revenue, community compensation and relocation and over K250 million worth of business opportunities was provided, 11 public service facilities including schools, clinics, power and water supply stations. Furthermore, the company also provided over 3000 job opportunities for the Nationals.
Mr Zong said following the commencement of production, Ramu NiCo had spend K435 million on local procurement and K136 million on taxes. It is also paying K50 million for business opportunities, K50,000 for education and K80,000 for medical assistance on a yearly basis.
In early July, Ramu NiCo made its first royalty payment, which was endorsed by the Government.
The royalty payment would assist landowners and underpin community development.
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