Mining Papua New Guinea

Ramu NiCo presents half a million to local foundation

The funding is fulfilling the Ramu NiCo Project Memorandum of Agreement (MOA) as a one-off seed capital to establish, operate and manage the foundation.

Madang Provincial Government established the foundation for the purpose of implementing projects funded by Madang Provincial Government and from the benefits derived from the mine such and the Special Support Grant (SSG) and Tax Credit Scheme (TCS).