Nickel Asia Corporation

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 the early 1970s, it has 4 operational mining sites:[1]

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).[1]

In 2015, sales of nickel ore rose 10% to 19.7 million wet metric tons (WMT) with a revenue of P15.4 billion.[2]

NAC's sites are 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.[3]

Other ventures

Besides the mining business, NAC has also invested in renewable energy and power generation with Emerging Power Inc., (EPI), operating in Subic Bay Freeport, Nauhan, Mindoro Oriental, and Biliran.

See also

References

  1. 1 2 http://www.nickelasia.com/about-us
  2. ↑ http://www.nickelasia.com/investor-relations
  3. ↑ TED CORDERO (September 27, 2016). "ENVIRONMENTAL CRACKDOWN/DENR proposes to close 20 more mines in light of audit results". GMA News.
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