Global Ferronickel ore reserves up 21%By EIREENE JAIREE GOMEZhome/Business/Corporate News/Global Ferronickel ore reserves up 21%GLOBAL Ferronickel Holdings, Inc. reported a 21-percent increase in ore reserves at its Cagdianao site to 43.8 million wet metric tons (WMT) from 36.3 million WMT last year. PMRC sets the minimum standards, recommendations and guidelines for the public reporting of exploration results, mineral resources and ore reserves in the country. “We are delighted to report that despite active mine operations following the 23 June 2017 ore reserves update, the combined mineral reserves of our Cagdianao site even significantly increased to-date,” Global Ferronickel President Dante Bravo said in the disclosure. Founded on May 3, 1994 as Southeast Asia Cement Holdings, Inc., Global Ferronickel is the second-largest nickel ore producer in the Philippines and the largest single lateritic mine exporter in the world. Shares of Global Ferronickel added 2 centavos or 1.19 percent to finish at P1.70 on Tuesday.

Source: Manila Times December 19, 2018 00:11 UTC