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...
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...
Globe Telecom Inc. continues to green its network by using eco-friendly batteries as backup power in critical communication sites for voice, data, and texts (Short Messaging Services). The telco deployed Sodium Nickel batteries for its core network sites which house high-capacity communication...
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,...
