Jan 16th 2013 - Edison Investment Research today published a report on Hertford (HIG.L, LSE:HIG, LON:HIG) entitled "Ramu Ramp Up". In summary, the report says:
Highlands Pacific (HIG) the Papua New Guinea (PNG)-based miner officially opened the Ramu nickel/cobalt project and exported its maiden shipment of mixed nickel cobalt hydroxide product in November 2012. Full commissioning should be by mid-2013 producing c 31,500 tonnes of nickel pa and c 3,300 tonnes of cobalt pa from a laterite open-pit mine. With a bankable feasibility study (BFS) recently completed on the giant Frieda River copper/gold project (of which HIG 18.2% and Xstrata 81.8%) and significant drill intercepts reported at its copper/gold porphyry exploration project at Star Mountain, the near term appears favourable for HIG.
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