AngMinero
  • Home
  • News
  • Features
  • Business
No Result
View All Result
AngMinero
  • Home
  • News
  • Features
  • Business
No Result
View All Result
AngMinero
No Result
View All Result
Home News

FNI begins 2023 with nickel shipment to China

AngMinero News by AngMinero News
April 28, 2023
in News
26 2
0
FNI registers Php 1.9B net income for 2021
84
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Platinum Group Metals Corporation (PGMC), a subsidiary of Global Ferronickel Holdings Incorporated (FNI), is targeting 91 shipments of nickel ore to China this year.

In a statement, FNI said that the unit has successfully delivered its first shipment of nickel ore to China this year. The shipment consisted of 55,300 wet metric tons (WMT) of low-grade nickel ore with a nickel content of 1.2%

China continues to be the world’s largest consumer of nickel, and with the subsiding restrictions due to the COVID-19 pandemic, resilient property sector, and the continued growth of electric vehicle production, these factors are expected to further increase the demand.

For this reason, FNI expressed their enthusiasm about the chances offered by the market and guaranteed that it could fulfill the customer’s needs.

“We hope to complete 91 shipments for the year, totaling five million WMT, weather permitting. This year’s target volume will enable us to operate at maximum efficiency throughout the season which runs from March to October,” FNI president Dante Bravo said.

The anticipated sales mix will comprise 60% medium-grade nickel ore and 40% low-grade nickel ore.

PGMC is currently the operator of the Cagdianao Mine located in Surigao del Norte, which ships out low-grade and medium-grade nickel ores for an average of five million WMT shipment capacity a year for the last decade.

Tags: FNIGlobal Ferronickel IncorporatedPGMCPlatinum Group Metals CorporationWET METRIC TONSWMT

Related Posts

5 ‘Minahang Bayan’ sites in Davao Region get DENR clearance for small-scale mining
News

5 ‘Minahang Bayan’ sites in Davao Region get DENR clearance for small-scale mining

October 7, 2025
OceanaGold names Brian Martin as new chairman of Philippine subsidiary
News

OceanaGold names Brian Martin as new chairman of Philippine subsidiary

October 6, 2025
Nickel Asia’s Hinatuan Mining wins Best Practices in Distribution at ASEAN Mineral Awards
News

Nickel Asia’s Hinatuan Mining wins Best Practices in Distribution at ASEAN Mineral Awards

October 6, 2025
Didipio Mine Opens DMTG Scholarship for Mining and Geoscience Students
News

Palawan mining ban stands despite DILG advisory cited in Ipilan Nickel hearing –ELAC

October 1, 2025
MGB Places Field Teams on Higher Alert for Typhoon Nando
News

MGB Trains Staff on Drone Operations to Strengthen Mining Oversight

October 1, 2025
PHP 500-M Coal Expansion Project in Lake Sebu Faces Public Scoping
News

PHP 500-M Coal Expansion Project in Lake Sebu Faces Public Scoping

September 29, 2025

FEATURED POST

Pure Energy Group firms acquire 71.68% stake in Coal Asia for PHP220.9 million

Pure Energy Group firms acquire 71.68% stake in Coal Asia for PHP220.9 million

October 7, 2025
5 ‘Minahang Bayan’ sites in Davao Region get DENR clearance for small-scale mining

5 ‘Minahang Bayan’ sites in Davao Region get DENR clearance for small-scale mining

October 7, 2025
OceanaGold names Brian Martin as new chairman of Philippine subsidiary

OceanaGold names Brian Martin as new chairman of Philippine subsidiary

October 6, 2025
Nickel Asia’s Hinatuan Mining wins Best Practices in Distribution at ASEAN Mineral Awards

Nickel Asia’s Hinatuan Mining wins Best Practices in Distribution at ASEAN Mineral Awards

October 6, 2025

EDITOR PICK'S

Pure Energy Group firms acquire 71.68% stake in Coal Asia for PHP220.9 million

October 7, 2025

5 ‘Minahang Bayan’ sites in Davao Region get DENR clearance for small-scale mining

October 7, 2025

OceanaGold names Brian Martin as new chairman of Philippine subsidiary

October 6, 2025

Nickel Asia’s Hinatuan Mining wins Best Practices in Distribution at ASEAN Mineral Awards

October 6, 2025

Ajoc: Caraga to lead in DOST’s push for sustainable mining practices

October 1, 2025

DOST invests PHP300M in critical minerals R&D to boost sustainable mining

October 1, 2025

SRK’s Ben Jupp: AI and machine learning to reshape mineral exploration

October 1, 2025

Recent News

Pure Energy Group firms acquire 71.68% stake in Coal Asia for PHP220.9 million

Pure Energy Group firms acquire 71.68% stake in Coal Asia for PHP220.9 million

October 7, 2025
5 ‘Minahang Bayan’ sites in Davao Region get DENR clearance for small-scale mining

5 ‘Minahang Bayan’ sites in Davao Region get DENR clearance for small-scale mining

October 7, 2025

Category

  • Business
  • Features
  • News
  • Uncategorized

Follow us

  • Setup menu at Appearance » Menus and assign menu to Footer Navigation

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In