March 24, 2018 10:44 AM ET

Metals and Mining

Company Overview of Global Ferronickel Holdings, Inc.

Company Overview

Global Ferronickel Holdings, Inc., through its subsidiaries, engages in the mining and exploration of nickel saprolite, and limonite ore and limestone in the Philippines and Hong Kong. It owns interests in the Cagdianao Mine that covers an area of approximately 4,376 hectares located in the province of Surigao del Norte in the northeast corner of Mindanao Island. The company was formerly known as Southeast Asia Cement Holdings, Inc. and changed its name to Global Ferronickel Holdings, Inc. in September 2014. Global Ferronickel Holdings, Inc. was founded in 1994 and is based in Makati City, the Philippines.

Corporate Business Center

7th Floor

151 Paseo de Roxas corner Arnaiz Street

Makati City,  1228


Founded in 1994


63 2 519 7888

Key Executives for Global Ferronickel Holdings, Inc.

Global Ferronickel Holdings, Inc. does not have any Key Executives recorded.

Global Ferronickel Holdings, Inc. Key Developments

Global Ferronickel Holdings, Inc. Announces the Election of Atty. Noel B. Lazaro as its Regular Director; Approves the Declaration of Property Dividend

Global Ferronickel Holdings, Inc. announced at its regular board meeting held on March 14, 2018, the board also elected Atty. Noel B. Lazaro as its regular director to serve the remainder of the term of his predecessor. The company also approved the declaration of property dividend consisting of FNI listed treasury shares at the ratio of 0.06 share for every FNI share to all shareholders of record by April 2, 2018 based on the March 14, 2018 listed price. The declaration is subject to approval by the Securities and Exchange Commission (SEC). Payment for the property dividend shall be 15 trading days from receipt of the approval by the SEC of the property dividend.

Global Ferronickel Holdings, Inc., Board Meeting, Mar 14, 2018

Global Ferronickel Holdings, Inc., Board Meeting, Mar 14, 2018. Agenda: To approve the declaration of property dividend consisting of FNI listed treasury shares at the ratio of 0.06 share for every FNI share to all shareholders of record by April 2, 2018 based on the March 14, 2018 listed price.

Global Ferronickel Holdings, Inc. Reports Consolidated Earnings Results for the Year 2017

Global Ferronickel Holdings, Inc. reported consolidated earnings results for the year 2017. For the period, the company reported net income reached PHP 779.7 million in 2017 from PHP 37.5 million in 2016 on improved selling prices, operational efficiency, and favorable foreign exchange impact. Revenues grew 54% to PHP 5.8 billion from PHP 3.8 billion of prior year. Earnings before interest, tax, depreciation and amortization rose to PHP 1.6 billion from PHP 573.1 million a year earlier. Income before income tax was PHP 1,077.207 million against PHP 117.107 million a year ago. Basic/diluted earnings per share was PHP 0.14 against PHP 0.01 a year ago.

Recent Private Companies Transactions

No transactions available in the past 12 months.

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