Global Ferronickel Holdings. (“FNI”), the second largest nickel producer in the Philippines and the largest single lateritic mine exporter in the world, announced today that it has signed a Memorandum of Cooperation with China State-owned Enterprise, Baiyin Nonferrous Group Co., Ltd. (“Baiyn”).
Global Ferronickel Holdings Inc. is spending $25 million to boost the capacity of its Ipilan mine in Palawan province, its president said Tuesday. The country’s third largest producer of nickel ore said it was planning to boost capacity to 3 to 4 million metric tons from 1.5 million in within the next two to three years.
The Department of Environment and Natural Resources (DENR) announced on Tuesday, September 27, that it has recommended the suspension of 20 mining firms following the completion of its audit of mining operations in the country. Environment Undersecretary Leo Jasareno made the announcement in a news briefing where he and Environment Secretary Gina Lopez presented the results of the audit.
DMCI Holdings, Inc. posted P7.5 billion in consolidated core income for the first nine months of 2014, a 6% decline from the P8.0 billion reported during the same period last year. The drop in core income was attributable to the weakened operating results of its power and construction businesses.
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The PHILIPPINE NICKEL INDUSTRY ASSOCIATION, INC., or PNIA is a non-stock non-profit association duly registered with the Securities and Exchange Commission.
Established in 2012, PNIA was organized to promote and develop the nickel mining industry in the country, aiming to represent the Philippine nickel industry as the single voice to champion its cause with various stakeholders.
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