4 Aug 2010

Mining company in PNG pursues other construction activities

11:02 am on 4 August 2010

The Mining company, Ramu NiCo, has decided to pursue other construction activities at its Papua New Guinea mining and refining sites, despite an injunction against the proposed deep-sea tailing system for the Ramu nickel project.

The full-swing construction activities at the two sites are being bank-rolled by Chinese funds, which already spent more than 1.2 billion US dollars.

The newspaper, The National, reports that Ramu Nico president Madam Luo Shu says the National Court Injunction obtained by the Basamuk Bay landowners has not stalled activities at the mine site, save for the deep-sea tailing system.

She says with the mine being potentially the biggest project after the Bougainville copper mine or the Ok Tedi Mine, the company will not let down its stakeholders, especially the National Government.