In a recent meeting on Wednesday the 6th of September with Ramu NiCo Management (MCC) Limited’s joint venture partners: Nickel 28 (Ni28) and the Mineral Resources Development Company (MRDC) saw respective departmental heads in the Company having made presentations of progress and reports contributing towards the overall operations of the Ramu Nickel and Cobalt Project administered by Ramu NiCo.
The presentations surrounded the areas of Sales, Finance, Human Resources, Health, Safety and Environment, Community Affairs including the Legal matters involving the Company.
After deliberations, Ramu NiCo was highly commended for its progress, procedures and processes used in managing its operations.
MRDC’s Chief Operating Officer, John Tuiam said, “The Finance Department has done exceptionally well with what’s available especially with the use of EBITDA, managing the cost, processing the budget, I think you have ticked all the boxes and I’d like to commend and thank you.”
Earnings Before Interests, Taxes, Depreciation and Amortization (EBITDA), is used to assess a company’s operating performance.
Nickel 28’s (Ni28) Head of Asia Pacific, Craig Lennon said, “When you look at safety, cost, product quality and consistency, I’m very proud to be associated with Ramu.”
He further emphasized, “But aside from that perception, you have to take your hat off for Ramu.”
Mr. Lennon concluded on a high note by saying, “It really is the best operation in the world so congratulations!”
Ni28’s Chairman, Anthony Milewski who has been involved in nickel trading for quite some time made a timely offer to assist MCC through its Ramu Nickel and Cobalt Project help to market products in the European and North American markets.
