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Port Moresby
June 26, 2022

Ramu NiCo holds Stakeholder Meeting

The first Ramu NiCo Project stakeholder meeting was held recently in Madang after the signing of the Revised MOA in December last year. This comes after the National Court ordered a review to update landowners and stakeholders on the Project’s progress.

Particular emphasis was placed on the management of the deep sea tailing placement used at the Ramu NiCo’s Basamuk Refinery.

The meeting was attended by landowners from Kurumbukari, Lima Mulung, Coastal Pipeline and Maigari.

During the meeting, Ramu NiCo Management highlighted the challenges in operational costs due to financial constraints.

However is targeting 100 per cent production in 2015.

The Company also presented to the stakeholders that the local recruitments have been increased with Chinese employees has been cut down following the official operation and the trend will continue until most of the jobs are occupied by the nationals.

However, with the current decrease in nickel metal price and technical difficulties, the Company is facing severe financial constraints and most of the recruitments and training will not proceed as expected.

Other stakeholders included a team from MRA, Labor and Attorney General Department, Madang Provincial Government, Madang LLGs’ and other interested individuals.


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