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Global Ferronickel unit inks nickel supply deal with China’s Baosteel

GLOBAL FERRONICKEL Holdings, Inc. is set to supply more nickel ore next year after it signed a new agreement with Chinese firm Baosteel Resources International Co. Ltd.

Global Ferronickel loss expands by 16% to nearly P158M

GLOBAL FERRONICKEL Holdings, Inc. posted a 16.1% increase in net loss attributable to the equity holders to P157.54 million in the first quarter after a double-digit fall in revenues.

Miner asks for exemption

THE OPERATING arm of Global Ferronickel Holdings, Inc. has appealed to the local government of Surigao del Norte and the municipal mayor of Claver to issue an exemption from the temporary suspension of mining activities amid the coronavirus disease 2019 (COVID-19) pandemic.

Global Ferronickel downplays impact of China virus

GLOBAL Ferronickel Holdings, Inc. believes its business deals with China would not be affected by the coronavirus outbreak as its shipments of nickel ore have not begun.

Global Ferronickel buys 40% of Mariveles port operator

GLOBAL Ferronickel Holdings, Inc. (GFNI) said it acquired a 40% stake in Seasia Nectar Port Services, Inc. (SNPSI) in order to improve the miner’s port access, particularly for its new steel plant.

Global Ferronickel to sell 1-M WMT of ore to Baosteel

GLOBAL Ferronickel Holdings, Inc. (GFNI) agreed to ship one million wet metric tons (WMT) of ore to Baosteel Resources International Co. Ltd. in 2020.

Global Ferronickel profit rises 43% in April-June

GLOBAL Ferronickel Holdings, Inc. (GFNI) booked a 43% increase in its attributable net income in the three-month period ending June, on the back of improved volume and higher nickel ore prices.

Global Ferronickel sees new steel venture operational by 2021

GLOBAL Ferronickel Holdings Inc., the Philippines’ second-largest nickel ore producer, said on Wednesday it expects to bring its planned rebar processing plant up and running by 2021, as the company seeks to boost profitability amid growing domestic demand for steel products.

Global Ferronickel holds ore shipments to China steady as economy cools

MANILA — Philippines nickel ore miner, Global Ferronickel Holdings, Inc., said on Thursday it aims to ship 5.7 million wet metric tons (WMT) to China this year, in line with 2018, as China’s cooling economy slows expected demand.

Global Ferronickel cuts 2018 target shipment volume

GLOBAL Ferronickel Holdings, Inc. reduced its target shipment volume this year by 8% to 5.5 million wet metric tons (WMT) from the original 6.6 million WMT, as the company focuses on higher-grade nickel ore.

Global Ferronickel expects flat earnings this year

GLOBAL Ferronickel Holdings, Inc. (FNI) expects net income to be flat this year, despite seeing stronger demand for nickel ore from China.

Global Ferronickel to raise over P500 million from share sale

GLOBAL FERRONICKEL Holdings, Inc. (FNI) has priced its follow-on share sale at a discount, which will allow it to raise just over P500 million or half of its original target of P1 billion.

Global Ferronickel delays share sale due to SEC review

GLOBAL Ferronickel Holdings, Inc. is delaying its planned P1-billion follow-on share sale to give the Securities and Exchange Commission (SEC) more time to review...

Global Ferronickel delays planned P1-billion share sale

Global Ferronickel Holdings, Inc. is delaying its planned P1-billion follow-on share sale to give the Securities and Exchange Commission (SEC) more time to review...

Global Ferronickel CEO says planned mining curbs may hit output this...

MANILA — The Philippines’ second-biggest nickel miner, Global Ferronickel Holdings, Inc., said planned government curbs on mining may hit its long-term output and would...

Global Ferronickel unit sends first nickel ore shipment to China

Global Ferronickel Holdings, Inc. (FNI) said its subsidiary Platinum Group Metals Corp. (PGMC) already sent its first nickel ore shipment to China on Wednesday,...

GFNI unit signs nickel ore supply deal with Chinese mining firm

Global Ferronickel Holdings, Inc. on Monday, March 19, said that its operating subsidiary Platinum Group Corporation (PGMC) has signed a deal to supply 1.5...