FNI unit completes maiden shipment of nickel ore to China

Global Ferronickel Holdings (FNI) affiliate Ipilan Nickel Corp. has completed its maiden shipment of nickel ore to China.

FNI said 54,700 wet metric tons (WMT) of medium-grade nickel ore were successfully shipped from Ipilan’s mine site in Brooke’s Point, Palawan to Guangdong Century Tsingshan Nickel Industry Co. Ltd (GCTN) in China.

GCTN is a long-standing customer of FNI’s Surigao-based Platinum Group Metals Corp.

“After years of careful planning and regulatory compliance, this inaugural shipment is a remarkable milestone for our group and bodes well for the country’s economic and social governance goals at this critical time,” FNI chairman Joseph Sy said.

“Target for the year is 500,000 WMT, with increased production in the coming years, as we begin year-round operations,” he added.

Ipilan is authorized to engage in the exploration, development and utilization for commercial purposes of nickel and other mineral deposits in a 2,835-hectare area in the municipality of Brooke’s Point under its mineral production sharing agreement with the government.

The area has an estimated mine life of at least 10 years, with an annual production rate of 1.5 million WMT of medium- to high-grade nickel ores.

Ipilan employs more than 1,300 personnel, mainly from the local community and nearby areas.

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