Global Ferronickel Holdings, Inc. (FNI) is a Philippine Stock Exchange-listed corporation with interests in ferronickel ore mining and processing, logistics and port operations, cement and steel production. With strong capital markets and a constant dedication to environmental, social, and governance (ESG) initiatives, FNI has acquired an extensive portfolio of nickel exploration tenements in the country’s key mineral regions and continues to provide long-term value through its aggressive expansion plans.
The company’s subsidiaries include Platinum Group Metals Corporation (PGMC), Surigao Integrated Resources Corporation, PGMC-CNEP Shipping Services Corp., and PGMC International Limited. PGMC operates the Cagdianao Nickel Expansion Project (CNEP) mine in Claver, Surigao del Norte, and Ipilan Nickel Corporation (INC) operates under the Mineral Production Sharing Agreement (MPSA) issued to Celestial Nickel Mining Exploration Corporation (CNMEC) in Brooke’s Point, Palawan. FNI Steel is a privately owned processing and distribution company that produces steel products and is structured to provide a full and efficient range of services with a high degree of accuracy for complex projects.
The company holds a 20% investment interest in Guangdong Century Tsingshan Nickel Industry Co., Ltd (GCTN), a leading ferronickel smelting plant in China, as part of the vision of the FNI group to invest in value-added processing and acquire the necessary experience and expertise to enable it to put up a nickel processing plant in the Philippines. PGMC supplies an average of 2.0 million WMT of nickel ores to GCTN, which will increase up to 2.5 million WMT with the operation of Ipilan Nickel Mine, to show synergy between ore mining operations in the Philippines and the nickel processing in China to optimize the value of the ore in a cost effective manner.
Bravo Cement is an emerging producer of quality cement and specialty products with an annual production capacity of 1.2 million tons and continues to expand its aggregate businesses and is well-positioned to meet the growing opportunities in the cement market. The Multi-purpose Terminal of Mariveles Harbor Corporation (MHC) is a purpose-built dry bulk terminal located within the Freeport Area of Bataan on a 16 hectare leased property, strategically positioned within a 2- to 4-hour drive from Manila, and benefits from duty-free status, tax incentives, favorable weather conditions, and abundant power and water supply, allowing for year-round operations with minimal disruptions.
The company’s customers in China span large and well-established stainless steel producers to international trading companies and all the way to independent ferronickel smelters, and the highly flexible ore supply gives a natural competitive advantage to serve the needs of customers who require a range of nickel grades and iron contents in their specific products.
Ipilan Nickel Corporation, a mining company operating in Brooke’s Point, Palawan, has released a statement explaining its side after a Senate hearing on March 9,
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