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    cobalt investing

    Ramu Fate Hangs on Ruling in PNG Court

    Written by Investing News Network
    |
    Jun. 15, 2011 07:54AM PST

    Sydney Morning Herald reported that a court ruling on the Ramu nickel-cobalt mine will be made next week.

    Sydney Morning Herald reported that a court ruling on the Ramu nickel-cobalt mine will be made next week.

    The market news is quoted as saying:

    A long-running battle by local landowners against various aspects of the $US1.5 billion ($1.4 billion) Ramu nickel/cobalt mine is due to come to a head on Tuesday when Justice David Cannings hands down his decision on whether its proposed dumping of mine waste offshore, formally referred to as Deep Sea Tailings Placement, is too environmentally damaging to be allowed.

    To read the full market news, click here.

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