Tag: Surigao del Norte
New nickel plant in Philippines
Nickel Asia Corporation (NAC), together with its partners including Sumitomo Metal Mining (SMM), will invest USD 1.4 billion to build a second nickel plant in the Philippines. Construction is currently underway and the new plant will start production in mid 2013. NAC has a 22.5% stake in the new project, while SMM has a 55% stake.
Sumitomo seeks PEZA perks
Sumitomo Metal Mining Co. Ltd is seeking registration with the Philippine Economic Zone Authority (PEZA) and the proclamation of its USD 1.3 billion nickel processing plant project in Surigao del Norte as a special economic zone.
Hydrometallurgical processing plant
Sumitomo Metal Mining Co. Ltd and local partner Nickel Asia Corp. are eyeing a bigger investment in a nickel plant project in Surigao del Norte.