Company Overview and News
The Commission on Appointments recently confirmed the appointment of retired military general Roy Cimatu as head of the Department of Environment and Natural Resources in proceedings that can be described as smooth sailing and without brickbats being hurled. (2-0)
Just a hundred meters from the shoreline of Hinatuan beach in Surigao del Sur lies a future tourist attraction being built by an unexpected group — a coastal resource management team working for Nickel Asia Corp. (NAC), the largest nickel producer in the country. (2-0)
MANILA, Philippines — Philippine Telegraph and Telephone Corp. (PT&T) is planning to reactivate its listing on the Philippine Stock Exchange (PSE) within the current fiscal year as it looks to increase clients, as well as grow earnings and revenue. (7-0)
TAGANA-AN, Surigao del Norte, Philippines —Hinatuan Mining Corp., a subsidiary of listed Nickel Asia Corp., is stepping up its mine rehabilitation as 59 hectares of its area are undergoing restoration to ensure environmental sustainability. (2-0)
TAGANA-AN, Surigao del Norte, Philippines — Hinatuan Mining Corp., a subsidiary of listed Nickel Asia Corp., is reducing its nickel ore shipments to China and Japan for this year due to delay in securing the green light from the government.
DINAGAT ISLANDS, Surigao del Norte , Philippines — Cagdianao Mining Corp. (CMC), a subsidiary of Nickel Asia Corp., is on track to hit its 2.1 million wet metric tons (WMT) of nickel ore shipment target despite backlogs in the past month.
The local stock barometer slipped for the third straight session on Thursday after failing anew to stay above the 8,000 mark in intra-day trade.
Despite disruptions in the mining sector, Nickel Asia Corp. reported a 64-fold increase in its net income for the first half of the year to P1.54 billion from P24 million a year ago.
MANILA, Philippines - Listed Nickel Asia Corp. saw its net income surge more than 700 percent to P2.2 billion in the first half, mainly due to higher shipments and improved global prices.
MANILA, Philippines - The major regulatory changes implemented by the Duterte administration has created uncertainty for the mining industry. (0-1)
MANILA, Philippines - Nickel Asia Corp. saw a 41 percent hike in export sales in the first half owing to higher prices of nickel and a weaker peso exchange rate.
The local stock barometer firmed up on Monday as investors took heart from mostly upbeat regional markets.
MANILA, Philippines - Listed Nickel Asia Corp. spent close to P400 million for environmental protection and enhancement programs in its covered mining areas last year.
MANILA, Philippines - Mining mogul Salvador “Buddy” Zamora II has reportedly acquired telecom firm Philippine Telegraph & Telephone Corp. (PTT) for roughly P800 million.
MANILA, Philippines - Nickel Asia Corp. earned P378 million in the first quarter, a reversal of the P300.8 million loss incurred in the same period last year, owing to improved market prices.
Gina Lopez’s “unwillingness to comply with institutional processes” made her unfit to head the Department of Environment and Natural Resources (DENR), Sen. Alan Peter Cayetano said on Friday.
Mining stocks bucked the downturn at the local stock exchange on Wednesday on prospects of leadership change at the Department of Environment and Natural Resources (DENR).
MANILA, Philippines - Listed Nickel Asia Corp. saw a 47 percent hike in export sales for the first quarter of 2017 owing to higher prices of nickel and a weaker peso exchange rate.
LONDON, April 11 Copper hit a one-week low on Tuesday as the world's top two copper mines continue to recover from recent disruptions, while zinc plumbed a new three-month trough.
MANILA (March 24): The Philippines' environment ministry has allowed eight suspended nickel ore miners to ship out stockpiles of mined ore, sources told Reuters, temporarily boosting supply from the world's top exporter of the raw metal after a major crackdown.
MANILA The Philippines' environment ministry has allowed eight suspended nickel ore miners to ship out stockpiles of mined ore, sources told Reuters, temporarily boosting supply from the world's top exporter of the raw metal after a major crackdown.
MANILA, Philippines - Nickel Asia Corp. saw a 3.4 percent drop in its 2016 net income owing to lower nickel prices and sales volume.
DENR Sec. Gina Lopez with a copy of the DENR Mine Audit Report during a press briefing on Mineral Production Sharing Agreement. INQUIRER PHOTO/LYN RILLON
OPERATIONS SUSPENDEDEnvironment Secretary Gina Lopez has ordered the suspension of operations in this mining area of Lepanto Consolidated Mining Co. in Mankayan, Benguet. —RICHARD BALONGLONG
MANILA: The Philippines' environment minister stepped up a crackdown on mining on Tuesday (Feb 14), cancelling almost a third of the country's contracts for undeveloped mines and rejecting any challenges to earlier orders to shut over half of all operating pits.