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Global Ferronickel Holdings, Inc. (FNI) announces that the Department of Environment and Natural Resources (DENR), through an Order dated May 14, 2025, has approved the renewal of Mineral Production Sharing Agreement (MPSA) No. 017-93-IV, Amended-2000. This grants the Group’s Ipilan Nickel Project a renewed term, valid until September 18, 2043. The renewal remains subject to the existing terms of the MPSA, as well as all applicable laws, rules, and regulations currently in force or hereafter promulgated. The MPSA covers an area of approximately 2,835 hectares located within the Municipality of Brooke’s Point, Province of Palawan.
Global Ferronickel Holdings, Inc. (PSE: FNI) is a holding company whose principal subsidiary is Platinum Group Metals Corporation, the Philippines’ second largest nickel ore producer with mining assets in Cagdianao, Surigao del Norte and Brooke’s Point, Palawan. Through our presence across the Philippines and in China, we are pursuing a multi-pronged strategy to diversify our investment portfolio into value added nickel processing, cement manufacturing, and port operations and logistics. |
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BLOGGER Hi, I'm Ralph Gregore Masalihit! An RFP Graduate (Registered Financial Planner Institute - Philippines). A Personal Finance Advocate. An I.T. by Profession. An Investor. Business Minded. An Introvert. A Photography Enthusiast. A Travel and Personal Finance Blogger (Lakbay Diwa and Kuripot Pinoy). Currently, I'm working my way toward time and financial freedom. Follow me on FACEBOOK x PLACE YOUR ADS HERE PLACE YOUR ADS HERE Categories
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