FNI income up 9% to P2.2 billion in 2022
Nickel producer Global Ferronickel Holdings Inc. (FNI) saw net earnings grow by nine percent as higher nickel prices and favorable foreign exchange environment offset lower production.
PNIA in the News
FNI acquires 88% of MHC; unit seeks permit
Global Ferronickels Inc. (FNI) acquired an 88 percent stake in Mariveles Harbor Corp. (MHC) for P192 million.
Miners welcome foreign investment unlocked by RCEP
MINERS said they welcome any foreign investment that may be encouraged by the Regional Comprehensive Economic Partnership (RCEP) trade deal.
Mining honchos
Department of Trade and Industry Secretary Alfredo Pascual (second from right) meets with some of the top mining industry officials and executives to discuss the prospects of mineral processing for copper, gold and nickel.
A new hope for mining
Extracting minerals from the ground can either be a blessing or curse to the people and the environment.
Global Ferronickel in talks with potential partner for $100M steel plant
Global Ferronickel Holdings Inc., a listed nickel miner that trades using the symbol FNI, is in talks with a potential technology partner for its plan to build a $100-million steel plant in Bataan with an eye to capture around 10 percent of the market for imported steel.
Philippines’ proposed tax on nickel ore exports could ‘kill’ industry – group head
“The initial proposal in the House of Representatives was 10%. That will kill the industry,” Dante Bravo, president of the Philippine Nickel Industry Association, told Reuters.
E-VEHICLE BOOM OPENS NEW OPPORTUNITIES FOR PH MINING
Developing the electric vehicle (EV) industry is opening new opportunities for the Philippine mining sector, a company executive said Wednesday.
PH’s nickel output this year to likely go down
The country’s nickel output for this year will likely go down due to unexpected weather disturbances and some logistical issues, said a top official from the Philippine Nickel Industry Association (PNIA). During the launch of the PNIA’s first Sustainable Development Goals (SDG) report, PNIA President Dante R. Bravo said that as much as there is […]
PNIA: nickel industry shows resilience
THE Philippine Nickel Industry Association (PNIA) is optimistic that the nickel sector’s resilient growth amid the coronavirus disease 2019 (Covid-19) pandemic will continue, especially after the lifting of the ban on new mineral agreements paving the way for new mining projects in the Philippines. “Despite the ongoing Covid-19 pandemic, the country’s nickel industry remained resilient with a reported increase of […]