BEIJING, Jun. 1 -- The US $1.37 billion Ramu nickel project operated by Ramu NiCo Management (MCC) Ltd. in Papua New Guinea is on schedule for launch by the end of 2010, industrial website Shanghai Metal Market said Friday, citing the company's president.
Luo Shu said the project, set to produce 32,000 metric tons of nickel and 3,300 tons of cobalt annually, has concluded construction and is in the final inspection stage, the report said.
The report said the project will hire half of the employees from Papua New Guinea and the rest from China.
Ramu NiCo Management (MCC) Ltd. is a subsidiary of Chinese conglomerate China Metallurgical Group Corp.