Published April 10, 2021, 5:00 AM
Global Ferronickel Holdings, Inc. (FNI), the second-largest nickel producer in the country, is targeting to ship 6 million wet metric tons (WMT) of nickel ores this year on the back of expanded operations.
This is higher than the 5.62 million WMT of nickel ores the company shipped in 2020, said FNI President Dante R. Bravo.
Bravo also said the opening of the company’s Cagdianao Area Deposit (CAGA) 1 next month is expected to boost the capacity of its operating arm in Surigao del Norte, Platinum Group Metals Corporation (PGMC), by 10 percent.
Just recently, PGMC already commenced shipment of nickel ore to its customers in China.
Published February 11, 2021, 1:50 PM
The Philippines’ nickel output declined in 2020 amid the COVID-19 pandemic, but thanks to higher global prices, its full-year export value went up to P25 billion.
Citing data from Mines and Geosciences Bureau (MGB), Philippine Nickel Industry Association (PNIA) revealed that the country’s nickel sector produced a total of 18.5 million dry metric tons (DMT) in 2020, a 14 percent decline in production in comparison to 21.6 million DMT production in the previous year 2019.
The decrease in production was mainly brought about by the enhanced community quarantine between March to May 2020 where the movement of mineral products was limited throughout the country.