Philippine Nickel
Industry Association
The Philippine Nickel Industry Association (PNIA) bared plans on Wednesday to craft a road map to determine the essential government and private- sector interventions to spur the development of the local industry’s value chain, notably the establishment of processing plants. PNIA President Dante R. Bravo said the road map is one of the target outcomes […]
MANILA, Philippines — The local nickel sector is crafting a roadmap for the nickel sector to attract more investments and eventually spur economic growth. Gearing up for the first-ever Nickel Initiative 2019 by March, the Philippine Nickel Industry Association (PNIA) is eyeing to start a nickel roadmap to address value adding and processing. “The roadmap […]
Nickel mining company Global Ferronickel Holdings Inc. said unit Platinum Group Metals Corp. signed a purchase contract involving 1 million wet metric tons of nickel ore with China’s Baosteel.
MANILA, Philippines — Listed Global Ferronickel Holdings Inc. (FNI) announced that proven and probable ore reserves at its Cagdianao site increased by 21 percent, allowing it to proceed with further exploration work. In a regulatory filing, FNI said ore reserves increased to 43.8 million wet metric tons as of the end of October as against […]
DMCI Mining Corp., a unit of DMCI Holdings Inc., nearly doubled its net income in the first nine months of the year to P206 million from P106 million year-on-year, on shipments of higher-grade ore and increased nickel prices. DMCI Holdings said in a disclosure to the stock exchange nine-month revenues jumped 40 percent to P978 […]
Marcventures Holdings Inc. is increasing its authorized capital stock to up to P7 billion from P4 billion in preparation for a possible fundraising activity. Marcventures said in a filing with the Philippine Stock Exchange it would seek shareholders’ approval to raise the capital stock P7 billion and create 100 million class of preferred shares with […]
The country’s nickel mine production is expected to decrease by up to 20 percent next year due to various regulations set by the Department of Environment and Natural Resources (DENR) as well as the movement of nickel prices in the world market. “It’s likely that the production would be reduced [by] 10 to 20 percent,” […]
PHILIPPINE nickel ore shipments in 2019 may fall by a fifth to a nine-year low of 24 million wet metric tons (WMT) following the decision of the government to minimize the disturbed area of mining operations. Philippine Nickel Industry Association (PNIA) President Dante R. Bravo attributed the projected decline in nickel shipments to the policy […]
THE Philippine Nickel Industry Association (PNIA) is projecting a decline in nickel production of 10-20% in 2019, though companies expect to be profitable, with economic activity driven by the May elections and the ‘Build, Build, Build’ infrastructure program. At the Pandesal Forum in Quezon City on Wednesday, Dante R. Bravo, PNIA president, said: “It’s likely […]
For the first time, Agata Mining Ventures Inc., a nickel laterite joint venture company of TVI Resource Development Philippines Inc. and MRL Nickel Philippines, was honored with the Presidential Mineral Industry Environment Award (PMIEA). PMIEA is the highest award given by the government to mining companies for upholding the Philippine mining industry’s highest safety and […]