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 Business

Pataas nang pataas: Nickel Asia shipment up 20%

AngMinero News by AngMinero News
January 21, 2019
in Business, News
26 2
0
PH nickel output hits a six-year low at 33 percent
84
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Nickel Asia Corporation’s estimated shipment value for 2018 grew by 20 percent amounting to P 17.29 billion from 2017’s P 14.43 billion due to higher export volume, improved prices, and convenient peso-dollar exchange.

The nickel ore producer managed to sold about 19.35 million wet metric tons (WMT) from its four operating mines last year. The average selling price per WMT experienced an upsurge to $16.86 per WMT in 2018, higher that its previous worth of $16.17 during 2017.

Nickel Asia’s site in Taganito outperformed other mines with 46 percent of all the company’s shipments.

On the other hand, the company’s Rio Tuba mine accounted for 30 percent of the total shipments. Cagdianao site also grew its shipments quantity to 2.64 million WMT in 2018 from 1.85 million. Contrary, the Hinatuan site amounted only to 2.15 million WMT, a down surge from 2017’s 2.45 million.

Nickel Asia exports mainly to China and Japan. Its exports from the said countries both increased during the year with 4.56 million WMT from the recorded 3.05 million on 2017.

This was the same time Indonesia succeeded in growing their nickel ore supply. Nickel Asia President Martin Antonio Zamora expressed delight in the company’s shipments growth.

“In addition, though the LME (London Metal Exchange) nickel price was dragged down in 2018 by negative market sentiment as a result of the US-China trade dispute, we expect a recovery in 2019, on the back of demand from stainless steel producers and battery manufacturers catering to the electric car industry,” Zamora said in a regulatory filing to the stock exchange.

Tags: Nickel Asia CorporationNickel ore

Related Posts

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

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
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

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