Construction of a nickel processing plant for the Ramu Nickel Project, majority owned by the China Metallurgical Group Corporation, commenced in 2006 in Basamuk Bay, on the Rai Coast between Astrolabe Bay and Saidor.
The mine was leased for a 10-year period to Metallurgical Corporation of China Ltd. (MCC), a subsidiary of the China Metallurgical Group Corporation.
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MCC is a subsidiary of the Chinese government owned company, China Metallurgical Group Corporation.
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