PMEA Blog

Jae Hur and Ichiro Suzuki
April 14 (Bloomberg) — The nickel market may swing into a deficit for the first time in four years as the global economy recovers from its worst postwar recession, fueling demand for stainless steel, said Sumitomo Metal Mining Co., the biggest producer in Japan.
World demand will probably exceed supply by 36,000 […]

Neil Jerome C. Morales, BusinessWorld
MANILA, Philippines - Listed Atlas Consolidated Mining and Development Corp. is looking at reopening its nickel mine in Southern Luzon this year to take advantage of the recovery in nickel prices, company executives said.
The miner is also studying the feasibility of putting up a processing plant to add value to the […]

MBMI RESOURCES INC. (”MBMI” or the “Company”) (TSX VENTURE: MBR | Quote | Chart | News | PowerRating) is pleased to announce that its Philippine operations are preparing to recommence nickel material shipping activities. Several sales agreements have been executed with Asian industrial consumers for the delivery of nickel bearing material having grades […]

MANILA, Oct 07, 2009 (Dow Jones Commodities News via Comtex) — BENGF | Quote | Chart | News | PowerRating — Benguet Corp. (BC.PH) said Thursday it has signed an offtake agreement with DMCI Mining Corp. to sell high-grade nickel ore from its project in northern Philippines.
“The agreement assures the company of a ready market […]

NICKEL MINER Century Peak Metals Holdings Corp. will invest almost P10 billion to put up a nickel mine and processing plant in northeastern Mindanao.
The announcement came after Century Peak listed 2.82 billion common shares by introduction to the Philippine Stock Exchange yesterday, making the miner the second firm to list by way of introduction this […]

It is reported that Berong Nickel Corporation will not reopen its nickel mine in southwestern Philippines, suspended since February 2009, until nickel prices rebound to at least USD 18,000 per tonne.
Mr George Bujtor head of mining operations at Atlas Consolidated Mining said that “Nickel prices are still too low to restart operations. The figure you’re […]

BHP Billiton, the world’s biggest miner, and its Philippine partner will meet in Singapore next week to settle a dispute covering a Davao nickel mine, one of the country’s biggest mining projects.
Initial talks will be conducted between representatives of BHP Billiton, Asiaticus Management Corp. (Amcor), and Environment Secretary Joselito Atienza, Mines and Geosciences Bureau director […]

Sep. 15 MetalBiz–It is reported on September 14 that Sumitomo Metal Mining Co., Ltd. on Sep. 14 expressed that it will start the nickel exploiting project in Philippines, and the total investment of this project amounted to US$1.3bln, with a production estimation of 30,000 tons per year.
Sumitomo stated that Nickel Asia Corp., Philippines largest nickel […]

MANILA, Sept 15 (Reuters) - Intex Resources ASA (ITXX.OL) plans to raise funds for a $2.4 billion nickel project in the northern Philippines possibly through bank loans or a bond issue in early 2010, the president of the Oslo-listed miner said on Tuesday.
Erlend Grimstad also said development of the nickel project in Mindoro province, with […]

Yuko Inoue
TOKYO, Sept 14 (Reuters) - Japan’s Sumitomo Metal Mining Co Ltd (5713.T), a copper and nickel producer, said it would start commercial production of nickel at the Taganito project in the Philippines in August 2013, a year later than planned.
The company had initially planned to start operations of the 30,000 tonne-a-year nickel plant in […]