Metallurgical Corporation of China

Nickel 28 Releases Ramu Q4 and Full Year 2023 Operating Performance

Retrieved on: 
Tuesday, February 13, 2024
Mining, Minerals, Natural Resources, EV, Nickel, Weather, MHP, High, NKL, LME, Metallurgical Corporation of China, Cobalt, Pressure, Palladium

Nickel 28 currently holds an 8.56% joint-venture interest in Ramu which is operated by Metallurgical Corporation of China.

Key Points: 
  • Nickel 28 currently holds an 8.56% joint-venture interest in Ramu which is operated by Metallurgical Corporation of China.
  • Full Year and Q4 2023 Ramu Highlights:
    Ramu Q4 2023 nickel production of 7,825 tonnes, representing an 8% decrease from the same period last year, mainly due to unplanned outages as a result of earthquake events.
  • Ramu Q4 2023 nickel sales of 8,298 tonnes and full year sales of 34,122 tonnes of contained nickel.
  • Ramu Q4 2023 cobalt sales of 755 tonnes and full year sales of 3,086 tonnes of contained cobalt.

Nickel 28 Releases Ramu 2023 Production and Provides 2024 Production Guidance

Retrieved on: 
Monday, January 8, 2024
Mining, Minerals, Natural Resources, NKL, Nickel, Cobalt, MHP, Calendar, Metallurgical Corporation of China, MCC

Nickel 28 Capital Corp. (“Nickel 28” or the “Company”) (TSXV: NKL) (FSE: 3JC0) is pleased to provide nickel and cobalt production levels for the Company’s largest asset, being the Ramu Nickel-Cobalt (“Ramu”) integrated operation in Papua New Guinea.

Key Points: 
  • Nickel 28 Capital Corp. (“Nickel 28” or the “Company”) (TSXV: NKL) (FSE: 3JC0) is pleased to provide nickel and cobalt production levels for the Company’s largest asset, being the Ramu Nickel-Cobalt (“Ramu”) integrated operation in Papua New Guinea.
  • Nickel 28 currently holds an 8.56% joint-venture interest in Ramu which is operated by Metallurgical Corporation of China (“MCC”).
  • For the 2024 calendar year, MCC will undertake a US$33 million capital upgrade plan at Ramu, requiring a 30-day plant shutdown throughout September.
  • “In 2024, Ramu will undertake significant capital upgrades to improve longer-term production and reliability levels after 11 years of production,” continued Mr. Milewski.

Nickel 28 Releases Ramu Q3 2023 Operating Performance

Retrieved on: 
Wednesday, November 8, 2023
Mining, Minerals, Natural Resources, FAST marketing, Metallurgical Corporation of China, Nickel, MHP, Cobalt, Greenbriar Capital Corp, NKL, LME, FSE, COVID-19, YTD, Palladium, Copper, Uranium mining

Nickel 28 Capital Corp. (“Nickel 28” or the “Company”) (TSXV: NKL) (FSE: 3JC0) is pleased to provide operational results for the production quarter ending September 30, 2023 for the Company’s largest asset, being the Ramu Nickel-Cobalt (“Ramu”) integrated operation in Papua New Guinea.

Key Points: 
  • Nickel 28 Capital Corp. (“Nickel 28” or the “Company”) (TSXV: NKL) (FSE: 3JC0) is pleased to provide operational results for the production quarter ending September 30, 2023 for the Company’s largest asset, being the Ramu Nickel-Cobalt (“Ramu”) integrated operation in Papua New Guinea.
  • Ramu Q3 2023 production of 8,979 tonnes of contained nickel in mixed hydroxide precipitate (“MHP”), compared to 8,939 tonnes in Q3 2022.
  • Ramu Q3 2023 production of 851 tonnes of contained cobalt in MHP, compared to 759 tonnes in Q3 2022.
  • Ramu Q3 2023 nickel sales of 8,832 tonnes of contained nickel, compared to 13,676 tonnes in Q3 2022.

Fosun International Ranks Third on the List of 2023 China Top 100 Sustainable Enterprises

Retrieved on: 
Friday, September 22, 2023
Acceleration, Social responsibility, S&P Global, Education, Metallurgical Corporation of China, Culture, CNOOC, China National Offshore Oil Corporation, China Railway Construction Corporation, Health promotion, HSI, Fosun International, United Nations Global Compact, Chinese, Center for Sustainable Enterprise, Carbon, TCFD, Tencent, The Bund Finance Center, Organization, Task force, MSCI, Task Force on Climate Related Financial Disclosures, The Business Council, Sustainability, ESG, Health, Sustainable development, Environment, AA, Safety, Renewable energy

HONG KONG, Sept. 22, 2023 /PRNewswire/ -- On 20-21 September, 2023 China Top 500 Enterprises Summit was held in the city of Hefei, Anhui province, China.

Key Points: 
  • HONG KONG, Sept. 22, 2023 /PRNewswire/ -- On 20-21 September, 2023 China Top 500 Enterprises Summit was held in the city of Hefei, Anhui province, China.
  • The 2023 China Corporate Sustainability Index Report and the list of 2023 China Top 100 Sustainable Enterprises were released at the forum, among which Fosun International ranked third.
  • The 2023 China Corporate Sustainability Index conducted an in-depth analysis of development trends and explored the sustainability direction of enterprises.
  • Presently, Fosun International is the only conglomerate in Greater China rated AA by MSCI ESG Ratings.

Nickel 28 Releases Ramu Q2 2023 Operating Performance

Retrieved on: 
Wednesday, July 26, 2023
Mining, Minerals, Natural Resources, Nickel, Metallurgical Corporation of China, Calendar, FAST marketing, FSE, LME, NKL, Cobalt(II) sulfate, Growth, MHP, Greenbriar Capital Corp, Cobalt, Platinum, Copper, Sulfation

Nickel 28 Capital Corp. (“Nickel 28” or the “Company”) (TSXV: NKL) (FSE: 3JC0) is pleased to provide operational results for the production quarter ending June 30, 2023 for the Company’s largest asset, being the Ramu Nickel-Cobalt (“Ramu”) integrated operation in Papua New Guinea.

Key Points: 
  • Nickel 28 Capital Corp. (“Nickel 28” or the “Company”) (TSXV: NKL) (FSE: 3JC0) is pleased to provide operational results for the production quarter ending June 30, 2023 for the Company’s largest asset, being the Ramu Nickel-Cobalt (“Ramu”) integrated operation in Papua New Guinea.
  • Nickel 28 currently holds an 8.56% joint-venture interest in Ramu which is operated by Metallurgical Corporation of China.
  • Sales of 9,078 tonnes of contained nickel and 822 tonnes of contained cobalt in MHP during the second calendar quarter.
  • in Q2 2023, a decline of 23% from the same period last year.

The 14th International Infrastructure Investment and Construction Forum Kicks Off in Macao

Retrieved on: 
Friday, June 2, 2023
Dai, European Union Chamber of Commerce in China, China International Contractors Association, Exhibition, Metallurgical Corporation of China, CRRC, Volvo, China Railway Construction Corporation, Power Construction Corporation of China, Construction, Forum, Beijing Urban Construction Group, Metalworking, XCMG, China Communications Construction Company, Shaanxi Construction Engineering Group Corporation, China Poly Group, LiuGong, City, Digital, Belt, Investment, China Energy Engineering Corporation, Belt and Road Initiative, 1998 abduction of foreign engineers in Chechnya, Commerce, Renewable energy, Huawei, Sanitation, Caterpillar

MACAO, June 2, 2023 /PRNewswire/ -- The 14th International Infrastructure Investment and Construction Forum ("IIICF" or "the Forum"), co-hosted by the China International Contractors Association and the Macao Trade and Investment Promotion Institute, commenced in Macao on June 1.

Key Points: 
  • MACAO, June 2, 2023 /PRNewswire/ -- The 14th International Infrastructure Investment and Construction Forum ("IIICF" or "the Forum"), co-hosted by the China International Contractors Association and the Macao Trade and Investment Promotion Institute, commenced in Macao on June 1.
  • The Forum featured a specialized exhibition that attracted an unprecedented number of exhibitors, surpassing previous editions.
  • Prominent participants included China Communications Construction, China Construction Engineering, China Railway Construction, China Electric Power Construction, China Energy Engineering, CRRC Corporation, China Poly Group, Metallurgical Corporation of China, China Nonferrous Metal Industry's Foreign Engineering and Construction, Norinco International, Genertec International, Beijing Urban Construction, Beijing Construciton Engineering, Shanghai Tunnel Engineering, Shaanxi Construction Engineering, Hunan Construction Investment Group and other world-renowned contractors, as well as Huawei, Caterpillar, XCMG, Volvo, LiuGong and many other industry-leading manufacturers, suppliers and institutions.
  • It effectively portrayed the strength and technological advancements of Chinese contractors to a global audience.

The 14th International Infrastructure Investment and Construction Forum Kicks Off in Macao

Retrieved on: 
Friday, June 2, 2023
Dai, European Union Chamber of Commerce in China, China International Contractors Association, Exhibition, Metallurgical Corporation of China, CRRC, Volvo, China Railway Construction Corporation, Power Construction Corporation of China, Construction, Multimedia, Forum, Beijing Urban Construction Group, Metalworking, XCMG, China Communications Construction Company, Shaanxi Construction Engineering Group Corporation, China Poly Group, LiuGong, City, Digital, Belt, Investment, China Energy Engineering Corporation, Belt and Road Initiative, 1998 abduction of foreign engineers in Chechnya, Commerce, Renewable energy, Huawei, Sanitation, Caterpillar

MACAO, June 2, 2023 /PRNewswire/ -- The 14th International Infrastructure Investment and Construction Forum ("IIICF" or "the Forum"), co-hosted by the China International Contractors Association and the Macao Trade and Investment Promotion Institute, commenced in Macao on June 1.

Key Points: 
  • MACAO, June 2, 2023 /PRNewswire/ -- The 14th International Infrastructure Investment and Construction Forum ("IIICF" or "the Forum"), co-hosted by the China International Contractors Association and the Macao Trade and Investment Promotion Institute, commenced in Macao on June 1.
  • The Forum featured a specialized exhibition that attracted an unprecedented number of exhibitors, surpassing previous editions.
  • Prominent participants included China Communications Construction, China Construction Engineering, China Railway Construction, China Electric Power Construction, China Energy Engineering, CRRC Corporation, China Poly Group, Metallurgical Corporation of China, China Nonferrous Metal Industry's Foreign Engineering and Construction, Norinco International, Genertec International, Beijing Urban Construction, Beijing Construciton Engineering, Shanghai Tunnel Engineering, Shaanxi Construction Engineering, Hunan Construction Investment Group and other world-renowned contractors, as well as Huawei, Caterpillar, XCMG, Volvo, LiuGong and many other industry-leading manufacturers, suppliers and institutions.
  • It effectively portrayed the strength and technological advancements of Chinese contractors to a global audience.

Nickel 28 Announces Fiscal 2023 Financial Results

Retrieved on: 
Wednesday, May 17, 2023
Mining, Minerals, Natural Resources, EV, Nickel, Metallurgical Corporation of China, FSE, NKL, MHP, Greenbriar Capital Corp, Cobalt, Bank

Nickel 28 Capital Corp. (“Nickel 28” or the “Company”) (TSXV: NKL) (FSE: 3JC0) has released its financial results for the financial period ended January 31, 2023.

Key Points: 
  • Nickel 28 Capital Corp. (“Nickel 28” or the “Company”) (TSXV: NKL) (FSE: 3JC0) has released its financial results for the financial period ended January 31, 2023.
  • Highlights from Ramu and the Company during the year include:
    Full year debt repayment of US$21.3 million, with a remaining construction debt balance of US$55.8 million as at January 31st, 2023.
  • Production of 34,302 tonnes of contained nickel and 2,987 tonnes of contained cobalt in mixed hydroxide precipitate (MHP) placing Ramu as one of the top producers of MHP globally.
  • Given this, we expect Ramu to again deliver strong results in 2023 as EV demand for nickel rich batteries improves,” stated Justin Cochrane, President of the Company.

Nickel 28 Announces Confirmation of Largest Ever Ramu Cash Distribution and Proposed Resumption of Normal Course Issuer Bid

Retrieved on: 
Wednesday, April 19, 2023
Alternative Vehicles, Fuels, Natural Resources, Automotive, EV, Electric Vehicles, Mining, Minerals, LLP, BMO Capital Markets, NOT, TSX Venture Exchange, Nickel, Metallurgical Corporation of China, Partner, Calendar, Stikeman Elliott, FSE, NKL, Ramu, Scheme, Greenbriar Capital Corp, News, Security (finance)

Nickel 28 Capital Corp. (“Nickel 28” or the “Company”) (TSXV: NKL) (FSE: 3JC0) is pleased to announce the pending receipt of its largest ever cash distribution of approximately US$9.7 million from the Ramu joint venture and the proposed resumption of its normal course issuer bid to repurchase its common shares.

Key Points: 
  • Nickel 28 Capital Corp. (“Nickel 28” or the “Company”) (TSXV: NKL) (FSE: 3JC0) is pleased to announce the pending receipt of its largest ever cash distribution of approximately US$9.7 million from the Ramu joint venture and the proposed resumption of its normal course issuer bid to repurchase its common shares.
  • A further news release with additional details of the normal course issuer bid will be issued upon approval of the bid by the TSXV.
  • In contrast to the proposed normal course issuer bid, Pelham’s “mini-tender” Scheme is a predatory offer designed to acquire shares from Nickel 28 shareholders in contemplation of a value destructive proxy-contest.
  • The proposed normal course issuer bid would provide an alternative source of liquidity for shareholders without the highly uncertain conditions of Pelham’s “mini-tender” Scheme.

Nickel 28 Releases Ramu Q4 and Full Year 2022 Operating Performance

Retrieved on: 
Monday, February 27, 2023
Mining, Minerals, Natural Resources, Benchmark, FAST marketing, News, LME, FSE, Metallurgical Corporation of China, Greenbriar Capital Corp, MHP, High, Nickel, NKL, COVID-19, Cobalt, Palladium, Lithium, Uranium mining

Nickel 28 currently holds an 8.56% joint-venture interest in Ramu which is operated by Metallurgical Corporation of China.

Key Points: 
  • Nickel 28 currently holds an 8.56% joint-venture interest in Ramu which is operated by Metallurgical Corporation of China.
  • Full Year and Q4 2022 Ramu Highlights:
    Ramu Q4 2022 nickel production of 8,480 tonnes, representing a 33% increase from the same period last year and full year production of 34,302 tonnes of contained nickel in Mixed Hydroxide Precipitate (“MHP”), which was a 9% increase from 2021 and represented 105% of nameplate capacity.
  • Ramu Q4 2022 nickel sales of 13,613 tonnes and full year sales of 37,250 tonnes of contained nickel.
  • Ramu Q4 2022 cobalt sales of 1,150 tonnes and full year sales of 3,289 tonnes of contained cobalt.