Nickel Asia Corporation
 | |
| Type | Public |
|---|---|
| PSE: NIKL[1] | |
| Industry | Mining and Oil |
| Headquarters | Bonifacio Global City, Taguig, Metro Manila |
Key people |
|
| Website | www.nickelasia.com |
 | This article relies too much on references to primary sources. (April 2017) |
Nickel Asia Corporation (NAC) is a Philippine mining company based at the Bonifacio Global City in Taguig, Metro Manila which primarily mines lateritic nickel ore.
Mining[]
Founded in 1969 by Manuel B. Zamora Jr, brother of businessman Salvador Zamora and politician Ronaldo Zamora,[2] it has 4 operational mining sites:[3]
- Rio Tuba Nickel Mining Corporation (RTNMC, oldest, opened in (1968-1969) - Bataraza town, Palawan
- Taganito Mining Corporation - Claver, Surigao del Norte
- The Taganito HPAL Nickel Plant is situated on the coastline ~ 10 km to east of Claver at the Taganito river estuary.9°32′27″N 125°48′48″E / 9.5407°N 125.8134°E
- Hinatuan Mining Corporation - barangay Talavera, Hinatuan
- Cagdianao Mining Corporation - Cagdianao, Dinagat
The main products, saprolite and limonite ore, are used by NAC's Japanese, Chinese and Australian customers to produce ferronickel and nickel pig iron (NPI).[3]
In 2015, sales of nickel ore rose 10% to 19.7 million wet metric tons (WMT) with a revenue of P15.4 billion.[4]
NAC's sites were among those under critical inspection of the DENR (Department of Environment and Natural Resources), accused of a range of environmental law violations with uncontrolled siltation and soil erosion, cited as the main reasons amongst others. The Hinatuan site was one of 20 mining sites subsequently proposed for close-down in September 2016.[5][6]
Other ventures[]
Besides the mining business, NAC also has invested in renewable energy and power generation with Emerging Power Inc (founded in 2001), (EPI), operating in Subic Bay Freeport, Nauhan, Mindoro Oriental, and Biliran. NAC has also ventured into gold exploration Cordillera Exploration Co Inc,and Newminco Pacific Mining Corp.
See also[]
- Nickel mining
- Lateritic nickel ore deposits
References[]
- ^ "Nickel Asia (NIKL:Philippine Stock Exchange)". Bloomberg. Retrieved April 26, 2014.
- ^ "Manuel Zamora". Forbes.com. Retrieved 1 November 2018.
- ^ a b "About Us - Nickel Asia". Nickelasia.com. Retrieved 1 November 2018.
- ^ "Investor Relations - Nickel Asia". Nickelasia.com. Retrieved 1 November 2018.
- ^ Ted Cordero (September 27, 2016). "ENVIRONMENTAL CRACKDOWN/DENR proposes to close 20 more mines in light of audit results". GMA News.
- ^ Cruz, Enrico Dela; Serapio Jr, Manolo (1 February 2017). "Philippines to shut half of mines, mostly nickel, in environmental clampdown". Reuters. Retrieved 4 August 2020.
External links[]
- "Home - Nickel Asia". Nickelasia.com. Retrieved 1 November 2018.
- "Rio Tuba Nickel Mining Corporation - Nickel Asia". Nickelasia.com. Retrieved 1 November 2018.
- "Taganito Mining Corporation - Nickel Asia". Nickelasia.com. Archived from the original on 8 November 2018. Retrieved 1 November 2018.
| Coal | |
|---|---|
| Copper | |
| Gold | |
| Nickel | |
| |
- Mining companies of the Philippines
- Nickel mines in the Philippines
- Companies based in Bonifacio Global City
- Companies listed on the Philippine Stock Exchange