Stephen Docor

President Duterte and Russia Prime Minister Medvedev witness signing of agreement between FNI and Vi Holding

Manila, Philippines/ November 13, 2017. Philippine President Rodrigo Roa Duterte and Russian Federation Prime Minister Dmitry Medveded witnessed today the signing of an agreement between Global Ferronickel Holdings, Inc. (FNI) and Vi Holding LLC, a member of an international investment and industrial group of companies from Russia with interests in mineral exploration and processing, real […]

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Nickel: Jumping the gun – ANZ

(25 October 2017)  “In the 28th MICC meeting held on 24 October 2017, wherein a quorum was… present… majority of… MICC members voted to recommend a change in the policy of the DENR with regard to Department Administrative Order (DAO) 2017-10, particularly: that the DENR lift the ban on open-pit mining provided that mining laws […]

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End open-pit mining ban — MICC

(25 October 2017)  “In the 28th MICC meeting held on 24 October 2017, wherein a quorum was… present… majority of… MICC members voted to recommend a change in the policy of the DENR with regard to Department Administrative Order (DAO) 2017-10, particularly: that the DENR lift the ban on open-pit mining provided that mining laws […]

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FNI completes 2017 shipment of 6 million wet metric tons of nickel ore

Manila, Philippines/ October 30, 2017. FNI today announced the completion of full-year shipment of its subsidiary Platinum Group Metals Corporation (PGMC). Volume shipped totaled 5.970 million wet metric tons (WMT) or 109 vessels of nickel ore in 2017. This compares to 4.309 million WMT shipped in 2016 and 5.352 million WMT in 2015. “Over the […]

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Global Ferronickel Holdings, Inc. net income jumps to ₱779.9 million in the first nine months of 2017

Manila, Philippines/ October 25, 2017. Global Ferronickel Holdings, Inc. (FNI) today announced net income of ₱779.9 million for the period January to September 2017 compared to ₱7.0 million in the same period last year. Earnings before interest, tax, depreciation and amortization amounted to ₱1,407.1 million and revenue grew by 72% year-over-year to ₱4,646.3 million. “We […]

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Global Ferronickel Holdings, Inc. Announces Updated Mineral Resource Estimate of 54 Million Dry Metric Tons

Manila, Philippines/ October 5, 2017. Global Ferronickel Holdings, Inc. (FNI) announces updated mineral resource estimate of its subsidiary Platinum Group Metals Corporation (PGMC) following the completion of drilling activities at Cagdianao (CAGA) deposit areas 2 and 3. Combined measured and indicated mineral resources at CAGA 1 to 5 have increased by 3.846 million dry metric […]

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Base Metals Extend Best Rally in Three Years on Growth Optimism

(21 August 2017) Industrial metals extended their longest weekly rally in three years, with nickel pacing gains and zinc reaching the highest in almost a decade as investors grew more optimistic about the outlook for supply and demand. Sumitomo Metal Mining Co., Japan’s top nickel producer, widened its deficit forecast to 51,000 tons this year, […]

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Metallic Production Value Sustains Growth in H1 2017

(17 August 2017) Total metallic production value sustained its growth in H1 2017 with a 4.28% or PhP2.08 billion gain, from PhP48.73 billion in H1 2016 to PhP50.81 billion. In terms of contribution to the total metallic value, gold still ruled over the other metals, accounting for 45.04%, or PhP22.89 billion. Nickel direct shipping ore […]

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Battery sector demand is the most intriguing long-term growth story

(16 August 2017) Russia’s nickel giant Norilsk remains generally positive on the outlook for the metal, based on what it sees as continuing uncertainties around supply and a long-term picture of strengthening demand. In 1H2017, nickel consumption in batteries increased very strongly, mostly driven by a 38% growth of electric and hybrid vehicles production coupled […]

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STOCK QUOTES PSE: FNI (As of Sep 4, 2017) OPEN: 0.00 HIGH: 0.00 LOW: 0.00 CLOSE: 0.00 CHANGE: 0.00 (0.00%) VOLUME: 0