Another American firm is in discussion with the Philippines for potential huge investments in downstream nickel processing in the country, according to Trade and Industry Secretary Alfredo E. Pascual. Pascual, who accompanied President Ferdinand R. Marcos Jr.’s official working visit to the US,...
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...
The domestic nickel industry said the government should first provide a stable policy environment for the mining industry, primarily on nickel, to be able to attract more foreign investors and participate in the electric vehicle (EV) global value chain. Dante Bravo, president of FNI and...
The domestic nickel industry said the government should first provide a stable policy environment for the mining industry, primarily on nickel, to be able to attract more foreign investors and participate in the electric vehicle (EV) global value chain. FNI and PNIA President Dante R. Bravo...
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...
The Department of Trade and Industry (DTI) is studying whether or not a tax or a ban on raw nickel exports should be imposed to support the government’s effort to develop the local nickel industry and participate in the bustling electric vehicle battery supply chain. DTI Secretary Alfredo E....
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...
Trade and Industry Secretary Alfredo E. Pascual reported that Chinese firms have committed to invest $7.32 billion in nickel processing, power batteries, electric vehicles (EVs), electronics, and steel as they got wind of the Philippines’ plan to ban the export of raw minerals. Pascual said that...
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...
