Business News

Ramu NiCo Sets Production Target for 2015

By Jack Lapauve Jr – EM TV, Port Moresby

Ramu NiCo Management (MCC) Ltd has set this year’s production target at an 83 per cent capacity rate, during its ongoing project ramp up. This is also in line with requirements from MCC-Group, the financier and major shareholder of the only nickel and cobalt project in the country.

Ramu NiCo is currently operating at 70 per cent design capacity.

This was announced by Mr Wang Jicheng, President of Ramu NiCo Management (MCC) Ltd during the Ramu NiCo 2015 Annual Work Report Conference, held yesterday via video conferencing which included the Beijing Office, Madang Base, Basamuk Refinery and KBK Mine sites.

“Currently, we are faced with the development of quality, challenging process bottlenecks, team stability and cross-cultural management and other aspects.

“To increase production capacity and operational management level, we have established a “12345” management approach, to complete various tasks centering on cash flow and ramp up,” Mr Wang said.

The “12345 approach” includes: manage cash flow, ensure competition and health, safety and environment, make changes in operation philosophy, innovative development and step up progress in production.

He added that 2015 was not only a challenging year, but also a year to fight for survival and explore potentials to increase benefits.

Chairman Zhong and President Wang urged all staff in the Ramu NiCo Project to be vigilant, take pride in the project and work hard on its delivery so all stakeholders can realise the benefits.

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