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Nickel Asia income climbs 52% | BusinessWorld

BusinessWorld
March 12, 2021 | 12:02 am
NICKEL ASIA Corp. posted an attributable net income of P4.07 billion for 2020 or a 51.9% increase year on year due to higher ore export prices.
In a regulatory filing on Thursday, the listed company said its total revenues rose 21.5% to P21.77 billion from P17.92 billion in 2019.
“The significant improvement in the realized nickel price of the combined ore exports and ore deliveries to the two plants in 2020 more than offset the slight decline in sales volume and the less favorable (Philippine) Peso to United States Dollar exchange rate,” Nickel Asia said in the disclosure.
Nickel Asia disclosed that it exported 10 million wet metric tons (WMT) of nickel ore in 2020, a 3.9% decline from 10.4 million WMT the year earlier. ....

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PHL 2020 metals output up 1.3% by value

PHL 2020 metals output up 1.3% by value
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PHL metallic mineral output drops 4.75% in first nine months

December 11, 2020 | 7:37 pm
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METALLIC mineral production in the first nine months fell 4.75% year-on-year to P94.99 billion due to disruptions caused by the pandemic and the resulting lockdown, the Mines and Geosciences Bureau (MGB) said.
In a report Friday, the MGB said nickel ore and its by-products such as mixed nickel-cobalt sulfide and scandium accounted for 50.8% of the value of production or P48.22 billion, followed by gold at 36.7% or P34.85 billion, copper at 11.5% or P10.95 billion, and silver, chromite, and iron at a combined 1.02% or P966.05 million.
The MGB said the price of gold and silver rose during the period. ....

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