Nickel 28 has confirmed the restart of the Ramu cobalt and nickel operation in Papua New Guinea (PNG) by its operating partner, Metallurgical Corporation of China, after a temporary suspension to curb the rising spread of COVID-19 in the region.
The miner said in its initial announcement on 27 October it expected the idle to last two weeks, and the restart followed that schedule with the confirmation of production on 15 November.
There should not be any material impact on production guidance as a result of the stoppage, officials said.
Nickel 28 has an 8.56% joint venture interest in Ramu. The company, based in Toronto, also has a portfolio of 13 nickel and cobalt royalties on development and exploration projects in PNG, Australia and Canada.
Source: Nickel 28