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

GSIS invests Php 1.46B in Nickel Asia

AngMinero News by AngMinero News
April 14, 2023
in News
26 2
0
GSIS invests Php 1.46B in Nickel Asia
84
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

State-led Government Service Insurance System (GSIS) has invested Php 1.46 billion in Nickel Asia Corp. (NAC) through a block sale.

In a disclosure to the Philippine Stock Exchange (PSE), NAC said that the investment involves the purchase of 233,558,653 common shares through a block sale approved on Wednesday.

NAC CEO and president Martin Antonio Zamora said that GSIS’s investment in the company is a statement that it can grow responsibly.

“Our commitment to sustainable development is something we take seriously, and we are happy to attract like-minded entities that believe in the value of responsible mining and renewable energy,” Zamora said.

On GSIS’s end, company president and general manager Wick Veloso said that the pension fund is continuously looking for opportunities to widen its investment portfolio.

“GSIS continues to look for ways to lengthen its fund life through viable investment opportunities such as the successful vertically integrated mining ore production and processing businesses of NAC,” Veloso said.

The GSIS official said that their decision to invest in NAC supports the company’s goal of safely growing funds for their members’ benefit and at the same time, strategically aid to the electric vehicle industry and nation-building.

NAC is eyeing opportunities in the EV industry together with Sumitomo Metal Mining Co. Ltd.

Tags: electric vehicleEVGovernment Service Insurance SystemGSISNACnickel asia corp.Philippine Stock ExchangePSE

Related Posts

Investors show interest in Philex’s Silangan mine ahead of 2026 launch
News

Investors show interest in Philex’s Silangan mine ahead of 2026 launch

October 27, 2025
President Marcos urges sustainable, law-abiding mining investments in PH
News

President Marcos urges sustainable, law-abiding mining investments in PH

October 27, 2025
Chamber of Mines says reforms can revive PH mining exports
News

Chamber of Mines says reforms can revive PH mining exports

October 27, 2025
FNI legal team earns top honors at 2025 ALB Philippine Law Awards
News

FNI legal team earns top honors at 2025 ALB Philippine Law Awards

October 16, 2025
Apex Mining resumes full operations after Davao earthquake suspension
News

Apex Mining resumes full operations after Davao earthquake suspension

October 15, 2025
Davao de Oro halts all mining after 7.4 quake to ensure worker safety
News

Davao de Oro halts all mining after 7.4 quake to ensure worker safety

October 13, 2025

FEATURED POST

Investors show interest in Philex’s Silangan mine ahead of 2026 launch

Investors show interest in Philex’s Silangan mine ahead of 2026 launch

October 27, 2025
President Marcos urges sustainable, law-abiding mining investments in PH

President Marcos urges sustainable, law-abiding mining investments in PH

October 27, 2025
Chamber of Mines says reforms can revive PH mining exports

Chamber of Mines says reforms can revive PH mining exports

October 27, 2025
SMPC declares PHP1.25 special cash dividend, total 2025 payout at PHP13.8B

SMPC declares PHP1.25 special cash dividend, total 2025 payout at PHP13.8B

October 20, 2025

EDITOR PICK'S

Investors show interest in Philex’s Silangan mine ahead of 2026 launch

October 27, 2025

President Marcos urges sustainable, law-abiding mining investments in PH

October 27, 2025

Chamber of Mines says reforms can revive PH mining exports

October 27, 2025

SMPC declares PHP1.25 special cash dividend, total 2025 payout at PHP13.8B

October 20, 2025

FNI legal team earns top honors at 2025 ALB Philippine Law Awards

October 16, 2025

Apex Mining resumes full operations after Davao earthquake suspension

October 15, 2025

Davao de Oro halts all mining after 7.4 quake to ensure worker safety

October 13, 2025

Recent News

Investors show interest in Philex’s Silangan mine ahead of 2026 launch

Investors show interest in Philex’s Silangan mine ahead of 2026 launch

October 27, 2025
President Marcos urges sustainable, law-abiding mining investments in PH

President Marcos urges sustainable, law-abiding mining investments in PH

October 27, 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