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Manila Bulletin devider Business devider The Stock Market devider MacroAsia mining unit wins approval to revive Palawan nickel mine

MacroAsia mining unit wins approval to revive Palawan nickel mine

Published Jan 21, 2026 12:01 pm  |  Updated Jan 21, 2026 01:21 pm
Just in time for a recovery in metal prices, MacroAsia Mining Corp. (MMC), a wholly owned subsidiary of Lucio Tan Group’s (LTG) MacroAsia Corp. (MAC), has received regulatory approval for the revival of its nickel mine in Palawan province.
In a disclosure to the Philippine Stock Exchange (PSE), the firm said it received approval of the declaration of mining project feasibility (DMPF) for Infanta nickel project, which is covered by Mineral Production Sharing Agreement (MPSA) No. 220-2005-IVB.
The approval, as issued by the Mines and Geosciences Bureau (MGB) of the Department of Environment and Natural Resources (DENR), authorizes MMC and its operator, Calmia Nickel Inc., to proceed with the development and operations of Infanta nickel project.
“Subject to compliance with conditions as stipulated in MGB-DENR’s approval, this nickel project involves the extraction and commercial disposition of nickel and other associated mineral deposits in the MPSA area, situated in the municipality of Brooke’s Point, province of Palawan,” MacroAsia said.
MMC plans to spend $12.9 million for the extraction and commercial disposition of nickel and other associated mineral deposits in Brooke’s Point. The MPSA covers an area of 1,114 hectares (ha).
Infanta nickel project has an estimated mine life of 10 years, with an estimated production rate of 660,000 dry metric tons (MT) of ore per year.
MAC’s mining properties are legacy assets from more than five decades ago, when it was incorporated as Infanta Mineral & Industrial Corp. (IMIC) on Feb. 16, 1970, to primarily engage in geological exploration and development.
On Jan. 26, 1994, the Securities and Exchange Commission (SEC) approved the change in IMIC’s primary purpose to that of a holding company, as well as its corporate name to Cobertson Holdings Corp.
In November 1995, the SEC again approved a change in corporate name to the present one. MAC began commercial operations as a holding company under its amended charter in 1996, focusing mainly on the aviation support business.
MMC was activated in the second half of 2012 to serve as the corporate vehicle for providing outsourced exploration services to other mining companies.
Through the years, MAC mining staff have gained expertise in exploring for nickel prospects and have equipment, drills, and rigs available for such exploration activities.
This experienced manpower, including equipment, was transferred to MMC, which then ventured into exploration services contracts for third-party clients. MMC services clients’ requirements for all exploration stages needed for a prospective nickel laterite property.

Related Tags

MacroAsia Corporation Lucio K. Tan MacroAsia Mining Corporation
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