Nickel Site Given OK

The Sydney Morning Herald reports the Ramu nickel project in Papua New Guinea will begin mining after a court win against an environmental challenge.

The market news is quoted as saying,

Ramu has been ready to go since last year. However, a series of legal actions to block the disposal plans has delayed commissioning and first production.

The project is majority owned by China Metallurgical Group Corporation and 8.56 per cent by ASX-listed Highlands Pacific, which has an option to go to a 20.55 per cent interest at market prices.

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