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Article: PAPUA NEW GUINEA: JOINT VENTURE DEVELOPMENT PLANS FOR LONG- STALLED $838,000,000 NICKEL MINING PROJECT FINALLY MOVE AHEAD, HIGHLANDS PACIFIC & OREGEN MINERALS LTD. (OML) [PAPUA NEW GUINEA] - Order #: 0910100.
- Article from:
- WWP-Report on Engineering Construct & Plant Operations in the Developing World
- Article date:
- September 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
A mine development environmental plan submitted by a joint venture which teams-up the local HIGHLANDS PACIFIC and OREGEN MINERALS LTD. (OML) has finally been approved by the government. According to the terms of the collaborative agreement, HIGHLANDS has a 68.5% stake in the venture while its partner holds the balance of the equity.
The approval will now enable the partnership to build and operate the Ramu laterite nickel mine. The development project will include the installation of: - Processing facilities; - A tailings management system; - Associated infrastructure. Operating plans envision producing at a rate of 33,000 metric tons ...