The Philippines raised the potential of a joint nickel and copper collaboration with Indonesia to facilitate the transition to green technologies for sustainable future. Trade and Industry Secretary Alfredo E. Pascual raised this potential at the Joint Philippines-Indonesia Roundtable...
Nickel Asia Corporation (NAC), the country’s top nickel producer, saw a 47 percent fall in its attributable net income to P3.6 billion in the first nine months of 2023 from the P6.9 billion reported in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the firm...
The Board of Investments (BOI) said two nickel processing firms are expected to bring in $10 billion in potential investments into the country for the manufacture of nickel product inputs for the production of electric vehicle (EV) batteries. BOI Managing Head Ceferino S. Rodolfo BOI Managing Head...
State-run pension fund Government Service Insurance System (GSIS) has invested P1.46 billion in mining firm Nickel Asia Corporation (NAC). In a disclosure to the Philippine Stock Exchange, NAC said the GSIS investment involved a purchase of a total of 233.55 million common shares, done through a...
Listed natural resources development firm Nickel Asia Corporation (NAC), through its subsidiaries Rio Tuba Nickel Mining (RTN) and Coral Bay Nickel Corporation (CBNC), recently inaugurated a P42-million Safety and Skill Training Center in Barangay Rio Tuba, Bataraza, Palawan – the first of its...
Nickel Asia Corporation has bagged the right to be the exclusive mining service contractor for two properties in Davao Oriental that have already been issued Mineral Production Sharing Agreements. In a disclosure to the Philippine Stock Exchange, Nickel Asia said Hallmark Mining Corporation and...
Nickel Asia Corp. (NAC), the Philippines’ lone nickel mining company with processing plants in partnership with Sumitomo Metal Mining Co., Ltd., is weighing further opportunities in the electric vehicle industry as government is strongly pushing for the country’s participation in the...
Nickel Asia Corporation is investing an additional P2.92 billion in Emerging Power, Inc. (EPI) to raise its stake in its renewable energy subsidiary to 95.8 percent. In a disclosure to the Philippine Stock Exchange, the firm said its Board of Directors has approved the planned investment which will...
Investor sentiment in the local stock market is more upbeat and analysts expect share prices to continue climbing this week following positive economic data released last week and as more companies announced third quarter results. “So far, we’re seeing the bullish case for the local market...
Nickel Asia Corporation announced a 12 percent improvement in its unaudited attributable net income to P6.90 billion in the first nine months of 2022 from the P6.17 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said that, despite the lower...
Nickel Asia Corporation (NAC), the Philippines’ largest producer of lateritic nickel ore, reported a 41 percent increase in attributable net income to P3.83 billion for the first semester of 2022 from P2.73 billion in the same period last year. In a disclosure to the Philippine Stock Exchange,...
Nickel Asia Corporation (NAC) reported an 80 percent surge in unaudited attributable net income to P1.05 billion in the first quarter of 2022 from the P584 million earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said its earnings before interest, tax,...
