Philippines' PGMC starts shipping nickel ore to China
Philippine nickel ore producer Global Ferronickel's (FNI) subsidiary Platinum Group Metals (PGMC) has shipped to China its first batch of nickel ore for this year's mining season.
The shipment consists of 55,300 wet metric tonnes (wmt) of low-grade 1.2pc nickel ore, according to its Philippines Stock Exchange filing on 26 April. The shipment departed from PGMC's anchorage area on 24 April.
"We hope to complete 91 shipments for the year, totalling 5mn wmt, [if] weather permit[s]. This year's target volume will enable us to operate at maximum efficiency throughout the season which runs from March to October," said FNI's president Dante R Bravo.
The projected sales mix will consist of 60pc medium-grade and 40pc low-grade nickel ore, according to FNI.
Copyright © 2013 Ferro-Alloys.Com. All Rights Reserved. Without permission, any unit and individual shall not copy or reprint!