Firm makes first nickel ore shipment from Dinagat Island

ORIENTAL VISION Mining Philippines Corp., an associate of publicly listed NiHao Minerals International Corp., completed its first shipment of nickel ore last Aug. 9, the firm said in a statement yesterday.

The miner sold approximately 54,000 wet metric tons of nickel ore with a grade of 0.9% nickel for P28 million to China. The shipment was the miner’s first from the Palhi mine in Dinagat Island, located in northeastern Mindanao.

The miner said it was preparing its second shipment, which would have the same volume but with a higher nickel grade of 1.8%, to China.
The miner added that it also plans to ship nickel ore to Australia and Japan.

The firm is developing and operating three nickel projects, namely the Palhi mine and Sangay mine, both located in Dinagat Island, and the Dinapigue mine in Isabela.

Aside from nickel projects, Oriental Vision Mining also has coal, gold-copper, sulfur, and phosphate projects.

Last March 24, NiHao Minerals International Corp. acquired a 30% stake in Oriental Vision Mining. -- K. A. Martin, Business World

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