Nickel Asia Corporation
 |
| File:Nickel Asia Corporation Logo.svg | |
| Type | Public |
|---|---|
| PSE: NIKL[1] | |
| Industry | Mining and Oil |
| Founded | 1969 |
| Headquarters | Bonifacio Global City, Taguig, Metro Manila |
Key people |
|
| Website | www.nickelasia.com |
Nickel Asia Corporation (NAC) is a Philippine mining company based at the Bonifacio Global City in Taguig, Metro Manila which primarily mines lateritic nickel ore.
Mining
Founded in 1969 by Manuel “Manny” B. Zamora Jr, brother of businessman Salvador “Buddy” B. Zamora and former San Juan City Congressman Ronaldo “Ronnie” B. Zamora of the Zamora family,[2] it has 4 operational mining sites:[3]
- Rio Tuba Nickel Mining Corporation (RTNMC, oldest, opened in 1969, shipped nickel internationally in 1975- Bataraza town, Palawan
- Taganito Mining Corporation - Claver, Surigao del Norte
- The Taganito HPAL Nickel Plant is situated on the coastline ~ 10 km to east of Claver at the Taganito river estuary.9°32′27″N 125°48′48″E / 9.5407°N 125.8134°E
- Hinatuan Mining Corporation - barangay Talavera, Hinatuan
- Cagdianao Mining Corporation - Cagdianao, Dinagat
The main products, saprolite and limonite ore, are used by NAC's Japanese, Chinese and Australian customers to produce ferronickel and nickel pig iron (NPI).[3]
In 2015, sales of nickel ore rose 10% to 19.7 million wet metric tons (WMT) with a revenue of P15.4 billion.[4]
NAC's sites were among those under critical inspection of the DENR (Department of Environment and Natural Resources), accused of a range of environmental law violations with uncontrolled siltation and soil erosion, dust emissions cited as the main reasons amongst others. The Hinatuan site was one of 20 mining sites subsequently proposed for close-down in September 2016.[5][6]
Other ventures
Besides the mining business, NAC also has invested in renewable energy and power generation with Emerging Power Inc (founded in 2001), (EPI), operating in Subic Bay Freeport, Nauhan, Mindoro Oriental, and Biliran. Jobin-SQM Inc operating in Subic. NAC has also ventured into gold exploration Cordillera Exploration Co Inc, and Newminco Pacific Mining Corp.
The Zamora family also has interests in the following industries: Security Bank (Banking; purchased from Ronald Gapud in 1986), MANTA Equities Inc (Property holding firm founded in 1990), Informatics College (College founded in 1993), Zamora and Poblador law offices (Law firm founded in 1993), and Cafe Lyon and Pepper Lunch (Food and Beverage restaurants).
The Zamora family has also ventured into the copper industry. MRC Allied Inc on March 11, 2022, sold 100% of their stakes in Tampakan Copper-Gold Project and Marihatag Copper-Gold Project in Tampakan, Davao Del Sur, and the Boston-Cateel Copper-Gold Project and Paquibato Copper-Gold Project in Davao Oriental and Davao Del Norte to Salvador “Buddy” Zamora.
See also
References
- ^ "Nickel Asia (NIKL:Philippine Stock Exchange)". Bloomberg. Retrieved April 26, 2014.
- ^ "Manuel Zamora". Forbes.com. Retrieved 1 November 2018.
- ^ a b "About Us - Nickel Asia". Nickelasia.com. Retrieved 1 November 2018.
- ^ "Investor Relations - Nickel Asia". Nickelasia.com. Retrieved 1 November 2018.
- ^ Ted Cordero (September 27, 2016). "ENVIRONMENTAL CRACKDOWN/DENR proposes to close 20 more mines in light of audit results". GMA News.
- ^ Cruz, Enrico Dela; Serapio Jr, Manolo (1 February 2017). "Philippines to shut half of mines, mostly nickel, in environmental clampdown". Reuters. Retrieved 4 August 2020.
External links
- "Home - Nickel Asia". Nickelasia.com. Retrieved 1 November 2018.
- "Rio Tuba Nickel Mining Corporation - Nickel Asia". Nickelasia.com. Retrieved 1 November 2018.
- "Taganito Mining Corporation - Nickel Asia". Nickelasia.com. Archived from the original on 8 November 2018. Retrieved 1 November 2018.
| Coal | |
|---|---|
| Copper | |
| Gold | |
| Nickel | |
