Business NEWS

Global Ferronickel Holdings, Inc. (FNI) reported that its wholly-owned operating subsidiary Platinum Group Metals Corporation (PGMC) has started its shipment to customers in China.

Global Ferronickel Holdings, Inc. (FNI), the country’s second-largest nickel ore producer, posted a 5.9 percent improvement in net income to P1.98 billion for 2021 from the P1.87 billion earned in 2020.

Global Ferronickel Holdings, Inc. (FNI), the country’s second-largest nickel ore producer, saw its income going up by 19.4 percent to P1.86 billion during the first nine months of the year, compared with P1.56 billion during the same period last year.

Thanks to higher shipments, Global Ferronickel Holdings, Inc. (FNI), the country’s second-largest nickel ore producer, saw its income surging to P640.8 million during the first half of the year, compared to the P195.8 million it had in the same period last year.

Alyansa Tigil Mina (ATM) has expressed its support to Brooke’s Point Mayor Jean Feliciano, who was temporarily suspended by the Ombudsman as a result of a lawsuit filed by Global Ferronickel Holdings, Inc.’s (FNI) Ipilan Nickel Corporation (INC).

The subsidiary of Global Ferronickel Holdings, Inc. (FNI), the third-largest nickel ore producer in the Philippines, has scored a win against Mayor Jean Feliciano of Brooke’s Point, Palawan after years of legal battle.

Global Ferronickel Holdings, Inc. (FNI), the second- largest nickel producer in the country, reported a 43 percent jump in net income to P1.86 billion last year from the P1.30 billion earned in 2019.

Global Ferronickel Holdings, Inc. (FNI), the second-largest nickel producer in the country, is targeting to ship 6 million wet metric tons (WMT) of nickel ores this year on the back of expanded operations.

The Philippines’ nickel output declined in 2020 amid the COVID-19 pandemic, but thanks to higher global prices, its full-year export value went up to P25 billion.

Global Ferronickel Holdings, Inc. (FNI), through its operating arm in Surigao del Norte Platinum Group Metals Corporation (PGMC), committed to ship as much as 1.3 million wet metric tons (WMT) of nickel ore to Baosteel Resources International Co. Ltd next year.