Ramu increase on the cards

The share price of junior Highlands Pacific rose slightly Monday on news of the potential expansion of the Ramu nickel and cobalt operation, in Papua New Guinea, in which the company holds an 8.56%.

Highlands on Monday confirmed that its project partner Metallurgical Corporation of China (MCC) could spend up to $1.5-billion on expanding the project, with details of the proposed expansion still under wraps.