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| Wednesday, 28 March 2012, 06:00 HKT | |
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Source: Metallurgical Corporation of China Ltd. | |
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Hong Kong, Mar 28, 2012 - (ACN Newswire) - The Ramu Nico project, Papua New Guinea (a project in which MCC-JJJ Mining Development Company Limited, a 61%-owned subsidiary of MCC, holds 85% equity interest) invested, designed and owned by Metallurgical Corporation of China Ltd. ("MCC") has formally kicked off the single-series feeding trial run, which produced nickel cobalt mixed hydroxides on 19 March 2012.
To date, except for the synthetic ammonia process, other processes have all undergone the trial-run, the purpose of which is to run through the entire process and collect key parameters to prepare for the upcoming official production.
As one of the largest global nickel laterite mine projects in recent years, Ramu nico mine is the main project for MCC's overseas resources development. The major construction of the project has been completed in 2011 after a series of cold and hot water combined trial-runs. MCC jointly owns 85% equity interest in the project with Jien Nickel Industry Co., Ltd., Jinchuan Group Ltd. and Jiuquan Iron & Steel (Group) Co., Ltd whilst overseas partners include local companies of the Independent State of Papua New Guinea and landlords as well as Highlands Pacific listed in Australia. The project's main product is nickel cobalt mixed hydroxides and the life of mine is 20 years. After commencing production, the annual output of nickel metal and cobalt metal will reach 33,000 tons and 3,300 tons, respectively.
About Metallurgical Corporation of China Ltd.
Metallurgical Corporation of China Ltd. ("MCC"; HK:1618; CH:601618) is a large industrial group operating in various specialized fields, across different industries and in many countries, with engineering and construction, resources development, equipment manufacturing and property development as our principal businesses. MCC is one of the largest engineering and construction companies in the world. The Company is a Fortune Global 500 company in terms of 2008 revenues. In 2009, the Company ranked 27th among the Top 500 Chinese Enterprises in terms of 2008 revenues according to the China Enterprise Confederation and China Enterprise Directors Association. MCC was listed on the Stock Exchange of Hong Kong Limited on 24 September 2009. In the same year, MCC was included in FTSE Xinhua Hong Kong Index constituent stocks and Morgan Stanley Capital International (MSCI) Index constituent stocks in China. Please visit www.mccchina.com.
Mar 28, 2012
Source: Metallurgical Corporation of China Ltd.
Topic: Production report
Sectors: Metals & Mining
http://www.acnnewswire.com
From the Asia Corporate News Network
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