Chinese deal to kick-start Ramu nickel project

HIGHLANDS Pacific will hold an 8.56% stake in the Ramu laterite nickel project in Papua New Guinea under a heads of agreement signed yesterday with Chinese-government owned construction and operating company Metallurgical Construction Co.

Chinese deal to kick-start Ramu nickel project Chinese deal to kick-start Ramu nickel project Chinese deal to kick-start Ramu nickel project Chinese deal to kick-start Ramu nickel project Chinese deal to kick-start Ramu nickel project

In return for Highlands Pacific reducing its stake down from 68.5%, MCC will evaluate and construct the project as soon as possible, and provide all the financing required for development.

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