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Article: PAPUA NEW GUINEA: CONSTRUCTION PLANS FOR PROPOSED $840,000,000 NICKEL/COBALT MINE, OROGEN MINERALS LTD., HIGHLANDS PACIFIC BAULDERSTONE HORNIBROOK [PAPUA NEW GUINEA] & KVAERNER [UK] - Order #: 02772000.
- Article from:
- WWP-Business Opportunities in Asia & the Pacific
- Article date:
- February 1, 2000
CopyrightCOPYRIGHT 2000 Worldwide Projects, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PROJECT OVERVIEW
The local OROGEN MINERALS LTD. recently acquired a 31.5% interest held by NORD PACIFIC in the Ramu lateritic nickel/cobalt mine in Papua New Guinea. And, HIGHLANDS PACIFIC holds a 58.5% stake in the property in question.
The resource is said to contain mineable reserves of 75.5 million tons grading 0.91% nickel and 0.1% cobalt. In addition, there is reportedly excellent exploration potential which could increase the size of the deposit. As a result, the projects initial mine life of 20 years is expected to be substantially extended.
The property is located approximately 75 kms southwest of Madang. The project is said to have ...