DESPITE the global financial crunch and last years testing time which caused the global mining companies around the world to shut down projects and deferred new operations, Ramu NiCo Management (MCC) Ltd is committed to PNG and Ramu Project.
Ramu NiCo Management (MCC) Ltd President Madam Luo Shu gave this assurance in the first ever Ramu NiCo 2006 – 2008 Sustainability Report.
The Report can be accessed on http://www.ramunico.com/plus/list.php?tid=177 or the company’s English website http://www.ramunico.com/
Madam Luo said in her letter that the company’s next major milestone is moving the project into an operational stage in 2010.
The Report is the snapshot of the company’s most critical sustainability and business issues and covers activity between 2006 and 2008, with an intention to report regularly in the future.
According to the Sustainability Report, the two years into construction has seen some major infrastructure programs completed.
They include heavy duty Ramu NiCo bridge at Banu, Usino-Bundi; the road from the Kurumbukari mine to the Madang-Lae Highway; and the road linking the limestone quarry with the processing plant.
“Whereas prior to the bridge and road being built, villagers spent two and a half days traveling from Kurumbukari to Madang, now it only takes half a day,” The Report states.
Although Ramu Nico Project is in the construction stage, it had already built its permanent corporate office in Madang, a new landmark in the town and just one of a number of measures it is taking that demonstrates its long-term commitment to PNG.
“Furthermore, in 2009 we will spend K8 million (USD 2.85 million) on building the South Link Road, an expenditure outside of our original MoA, made specifically for the Kurumbukari mine site community.”
“Now we are in discussion with the Madang Provincial Government and local landowner representatives on the implementation program,” states the Report.
In its project economic impact snapshot, the project will lead to an increase of 8-10 percent of PNG’s GDP.
Over K10 million in spin-off business opportunities and nearly 1,300 jobs have been created for PNG nationals during the construction phase.
“During the operation phase over K8.3 mil will be spent on improving local community service and 1, 500 job will be created for PNG nationals,” the report states.