The Philippines, the second largest nickel producer exploration area increased by 16.3%
Second largest nickel producer in the Philippines has Global Ferronickel Holdings Inc. (FNI) in high division SIRC revealed that already have high mining area is located in the north in near 927.92 hectares of land exploration rights. At this point, total FNI exploration area is from 5701 hectares to 5701 hectares, up 16.3%, greatly increased its potential resources.
FNI is one of the enterprises in the industry has the lowest cost, and is now focusing on expanding various coal output, is committed to become the country's largest resources company.
Early reports that may next month, the company announced its located in palawan in the Philippines Ipilan nickel mine development plan has received government approval, the fourth quarter of this year is expected to experimental ship ship nickel mine, which will make up for the delivery impact caused by the high in the rainy season. In addition, the operation of the mine will also become the main source of company in order to profit, it is understood that Ipilan nickel ore mining capacity production production capacity of 3 million tons, will enable FNI nickel minerals to double.
FNI shipments or in 2016 is expected to flat in wet metric tons (5.4 million) in 2015, the company in March this year has been wet with Chinese buyers signed a total of 4.5 million tons of nickel ore supply agreement, including baosteel wet ordered 1 million tonnes of nickel ore, castle peak wet holding promise to buy 2.5 million tons of nickel ore, Shanghai international trading company, purchasing amount is 1 million wet metric tons, total accounted for about 90% of the 2016 production targets.