Ramu Nickel Mine
| Location | |
|---|---|
Ramu Nickel Mine | |
| Location | Madang Province |
| {{{subdivision_type}}} | Madang Province |
| Country | Papua New Guinea |
| Coordinates | 5°44′0″S 145°46′0″E / 5.73333°S 145.76667°E |
| Production | |
| Products | Nickel, Cobalt |
| Production | 68.9 Mt (reserves) |
| Financial year | 2023 |
| History | |
| Opened | 2012 |
| Owner | |
| Company | MCC Ramu NiCo Ltd., Nickel 28 Capital Corp. (minority) |
The Ramu Nickel Mine is a major nickel and cobalt mining operation located in Madang Province, Papua New Guinea. The mine is operated by MCC Ramu NiCo Ltd., a subsidiary of the state-owned Metallurgical Corporation of China (MCC), and is one of the most significant sources of nickel and cobalt in the Asia-Pacific region. The project has been in commercial operation since 2012.
Ownership and Operation
The Ramu mine is majority-owned and operated by MCC Ramu NiCo Ltd., which is 67.02% owned by MCC. The operation is managed by Ramu NiCo Management (MCC) Limited, a wholly owned subsidiary of MCC. Minority ownership is held by Nickel 28 Capital Corp., a Canadian company listed on the TSX Venture Exchange. As of 2024, Nickel 28 holds an 8.56% joint venture interest in Ramu, with an option to increase its ownership to 20.55% upon repayment of construction debt and exercise of additional purchase rights at market value.[1]
Geology and Production
The Ramu project is located in a laterite nickel-cobalt deposit. The ore is primarily found in the rocky saprolite layers of the mining concession, with resource classification following the JORC Code standards. Ramu has been in continuous production since 2012, delivering nickel and cobalt to global markets, particularly for use in batteries and electric vehicles. As of 2024, the mine has enough proven and probable reserves to support operations for at least 15 more years, with the potential for extension based on further exploration.[1]
References
- ^ a b "Nickel 28 Announces Update On Ramu Mineral Resources And Mineral Reserves". Nickel 28 Capital Corp. May 28, 2024. Retrieved April 17, 2025.