Australian Mining Firm DMCI Inks Deal For Nickel-Mining Project In The Philippines
Filed under: Mine - Acoje, Mineral - Chromite, Mineral - Nickel, Operator - Fil-Asian, Operator - Rusina, Region 03 - Zambales
Manila, Philippines (AHN) - Australian-based mining firm Rusina Mining NL announced that it has entered into an agreement with Philippine-based DMCI Holdings for initial nickel mining at its Acoje Project in Luzon Island in the Philippines.
Under the agreement, Rusina and DMCI would have a profit-sharing and partnering contract for at least five million tons of Acoje’s surface laterites that are mined over the next five years.
A statement from Rusina said the agreement stipulates that it would share 50 percent of all net profits from the sale of the mined laterites at Acoje with DMCI.
Rusina is exploring for nickel sulphides and platinum group metals and currently has active projects in the Philippines and Australia. It is listed on the Australian Stock Exchange.
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