Palawan nickel mine revival

MacroAsia Corp. has started predevelopment activities in line with a plan to revive a nickel mine in Southern Palawan. In a filing to the stock exchange, the company said that it has begun setting up facilities, road rehabilitation as well as the construction of a port facility and causeway in the Infanta nickel project in the municipality of Brooke’s Point. The Infanta project, a source of ore shipments to Japan in the 1970s, covers an area of 1,114 hectares. Mr Amador Sendin VP for planning and business development and officer in charge of mining at MacroAsia said that the company is targeting to complete the remaining regulatory requirements this year before beginning formal mine development activities. The company earlier completed a resource estimation report and the mine plan draft for the Infanta nickel project. Based on the company’s resource estimate submitted to the exchange in April, the mine has a total resource tonnage of 88.36 million dry tonnes. MacroAsia generates the bulk of its revenues from the core businesses of providing support services to airline operators such as aircraft maintenance and repairs, inflight catering, charter flight services, and ground handling services.

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