Philippines eyes boost to nickel processing capacity
The Southeast Asian nation is looking to follow neighbouring Indonesia, which lured major investment in processing plants for its huge deposits.
The Southeast Asian nation is looking to follow neighbouring Indonesia, which lured major investment in processing plants for its huge deposits.
Indonesia's high-grade nickel reserves is estimated to last until 2035, while its low-grade nickel until at least 2069.
The combined indicated open pit resources increased by 12.4 million tonnes or 37% to 46.2 million tonnes.
The company removed CEO Milewski and other executives, citing evidence that the management team had breached their duties and repeatedly lacked judgment.
Key moves in the mining sector.
Zimbabwe's government owns 70% of Bindura Nickel Corporation's Trojan mine.
One measure under consideration is a trilateral arrangement through which the Philippines would supply raw nickel material, the US would provide financing, and a third country would offer the technology required for smelting and refining.
The Canadian miner cited higher operation costs and lower nickel price forecast amid reasons for the closure of the Western Australia mine.
The firm has bought stakes in three nickel processing plants, and is weighing an initial public offering of the unit.
A consortium of Sumitomo and Mitsubishi will fund A$98.5 million for the costs of a DFS on the Kalgoorlie project.