Top Philippine Nickel Miners May Spend $2 Billion in New Plants
- Nickel Asia eyes third processing plant, new mining rights
- Global Ferronickel in talks with Chinese firm for first plant
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The Philippines’ two biggest nickel producers are planning to invest about $1 billion each to build processing plants, the companies’ top executives said, boosting the government’s push to develop the Southeast Asian nation’s downstream mineral industry.
Nickel Asia Corp. is eyeing a third high-pressure acid leaching plant near a mining project in Pujada peninsula in southern Davao Oriental province where it is in “final negotiations” to acquire the rights to operate it, President and Chief Executive Officer Martin Antonio Zamora said in an interview on Wednesday on the sidelines of a mining conference in Manila.