Listed mining firm Global Ferronickel Holdings Inc. (FNI) said its affiliate, Ipilan Nickel Corp., completed its maiden shipment of ore to Guangdong Century Tsingshan Nickel Industry Co. Ltd. (GCTN) in China yesterday.
The company said the shipment involved 54,700 wet metric tons (WMT) of medium-grade nickel ore loaded aboard M/V He Sheng Nan Fang from Ipilan Nickel’s mine site in Brooke’s Point, Palawan.
“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. Target for the year is 500,000 WMT, with increased production in the coming years, as we begin year-round operations,” Joseph Sy, FNI chairman, said in a statement. – Jed Macapagal
