Home » , » PNG's Ramu cobalt Mining project highly rated

PNG's Ramu cobalt Mining project highly rated

Staff Reporter | 3:10 PM | |
The Ramu nickel and cobalt project in Madang province has been billed as the largest in the Oceania continent.
Ramu Nico president Gao Yongxue made this remark during a dinner meeting hosted by Mineral Resources Authority for the Mining Minister, Johnson Tuke and his delegation in Madang last week.

Mr Gao said Ramu NiCo being China’s largest investment, provides the courage and foundation for the company to strive and become the role model for bilateral cooperation between China and PNG.
“Now with China’s “The Belt and Road” initiative in place, relationships between countries are becoming more interactive.

“Ramu NiCo is strategically located on the growing economic relationship between China and PNG.
“We want to be here for the long term for further cooperation and development opportunities in more and wilder areas.
We will emphasise on sustainable development on a multi-lateral and more profound level,” he added.
Mr Gao said the monthly production of the project is maintained well above 3000t and production capacity above 106 percent, giving the company great opportunity for the long term production sustainably and consistency, which encourages the growing economic relationship between China and PNG.

He said the high production sustainability is the result of the company’s’ aim to cut production cost while increasing efficiency through management enhancement.
Mr Gao said Ramu NiCo will pursue the management philosophy of efficiency, cooperation, perfection and innovation, advocate study and creation, respect cultural differences and expand the company’s global vision.

“We are seeing a change in global growth. As time advances, globalisation plays a vital role in the development of world economy.
“We should work to achieve an economic environment that is open, equal, coordinated and creates mutual benefit. And maintain a relationship with communities following the “One Ramu NiCo, One Community” and embark on creating benefit for our stakeholders,” he said. Post Courier/PMW