• PNG Business News

Ramu NiCo To Look After Stakeholders Despite Challenges Ahead


The developer of Ramu nickel and cobalt project in Madang, Ramu NiCo Management (MCC) Ltd has promised to ensure the benefits derived from the project is delivered to the landowners and other stakeholders this year and beyond.


During the company’s Christmas gathering held last year, vice president of Ramu NiCo, Wang Baowen assured the impacted landowners and stakeholders that Ramu NiCo is determined to ensure all stakeholders including the landowners are benefiting from their project.


“We have delivered many business contracts to the landowner companies since project inception,” Mr Wang said. “We have made it our business to pay royalties to stakeholders. This is our advantages and progress.


“In the new year (2020), we have many tasks ahead of us including the project MOA Review.


“The company understands the expectations from the landowners and stakeholders under the MOA. “No problem. We can sit together and discuss.


“The company would like to look after all parties’ expectations and problems. He said Ramu NiCo in 2019, faced a lot of challenges including the slurry spill.


He said there have been numerous challenges from the environment aspect following the Basamuk slurry spill on August 24, 2019 but the company remains confident that no major environmental impacts have been done and scientific investigation sanctioned by the government and currently under way will confirm.


“I challenge the landowners and the chairmen to support us. This is your project and you are a stakeholder,” Mr Wang said.


“We as a Chinese investor, we are humble, hardworking learn more from PNG nationals and we are a genuine investor wishing to find a common ground for all of us to benefit from. “If all landowners and stakeholders can support us then this project will grow strong and deliver the benefits for all of us, despite low nickel and cobalt world price.”


He also told the landowners that the project expansion plan by the company will not eventuate soon due to many challenges face at the moment until the investment environment is conducive for further consideration.


“If we expand the project then there will be more benefit for landowners and stakeholders. So we need both political and moral support from landowners, all stakeholders and the provincial and national government,” Mr Wang said.

Continue reading at https://postcourier.com.pg/ramu-nico-to-look-after-stakeholders-despite-challenges-ahead/ | Post Courier

PNG Business News

2nd Floor, Suite 6,

Corinthian Plaza Building,

Paseo De Roxas, Legaspi Village,

Makati, Philippines

Phone: +632 251 5599

Subscribe to Our Newsletter

  • White Facebook Icon

© PNG Business News