In the nickel of time
Filed under: Mineral - Platinum, Operator - Platinum Group Metals Corp., Region 06 - Palawan
From: Philippine Daily Inquirer
By Conrado Banal III
Platinum Group Metals Corp. can actually source enough nickel ore from its own mines — at least for now — to feed its ferronickel smelting plant in Mindanao.
Okay, that was part of the rejoinder of Platinum Metals chairman Ramon Atayde to our report last week, in which we talked about the firm’s mysterious $40-million loan from Deutsche Bank in Singapore.
Platinum Metals meant to use the loan for its smelting plant in Mindanao.
At the same time, however, the company is in court, slugging it out with another mining group, trying to gain control of over 200 hectares of nickel mining claims in Palawan province.
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