HIG highlands pacific limited

News: HIG Highlands Pacific updates on Ramu Nickel plant

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    April 21 (Reuters) - Highlands Pacific Ltd (HIG) :

    • Operations at the Ramu Nickel process plant near Madang in Png will be suspended for the duration of an investigation
    • Length of investigation, being conducted by png mineral resources authority and the mines inspectorate, remains uncertain
    • Extent of impact will not be known until length of shut down is clarified and any required rectification work is completed
    • Plant shut down will effect nickel production in the current year
    • Refers to high pressure steam supply line rupture at the basamuk nickel refinery
 
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