Forecast not affected

Source:The National

Ramu NiCo’s annual forecast production for this year will not be affected following attack on it’s employees by locals recently.

The Chinese owned nickel mine in Madang, which was shut for a few days following an attack by armed villagers, should still be able to meet its target of 22,000 tonnes of nickel this year.

Highlands Pacific Ltd said that the operator has advised Highlands that it does not anticipate the incident will have any material impact on its production. Highlands said that the US$2.1 billion (K5.14b) Kurumbukari mine was attacked by villagers last Monday, who caused AU$ 4 million (K9m) in damage to mining and office equipment.

The company said that the mine, operated by Ramu NiCo, which is majority owned and run by Metallurgical Corporation of China Ltd would be shut for four to five days, while the Basamuk process plant would continue to run.