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Nickel Asia posts losses as virus hits global markets

NICKEL ASIA Corp. on Friday reported an attributable first-quarter net loss of P89 million, reversing last year’s profit of P138 million, as the pandemic hit the listed mining company’s investments.

Nickel Asia units suspend operations

TWO SUBSIDIARIES of mining company Nickel Asia Corp. (NAC) announced the temporary suspension of their mining operations, amid the coronavirus disease 2019 (COVID-19) pandemic.

Nickel Asia profit falls 43% in first 9 months on weak...

NICKEL Asia Corp. said net profit fell 43% in the nine months to September due to weak nickel prices as well as a stronger peso and investments in loss-making processing plants.

Nickel Asia to boost production at Cagdianao mine next year

CAGDIANAO — Nickel Asia Corp. (NAC) is increasing production at its Cagdianao mine site by 10% next year, as it anticipates an improvement in nickel prices as Indonesia begins implementing a nickel export ban.

Nickel Asia’s profit falls on foreign exchange losses

NICKEL ASIA Corp. reported a 48% decrease in attributable net income for the first half of 2019, due to foreign exchange losses.

Nickel Asia income slides 68% in 1st quarter

NICKEL ASIA Corp. (NAC) reported a 68% decrease in attributable net income for the first quarter, as the peso strengthened against the US dollar.

Nickel Asia says 2019 ore sales steady

MANILA — Nickel Asia Corp., the Philippines’ top nickel ore producer, expects its 2019 shipments to be unchanged from last year, although it plans to increase its domestic sales to maximise profits, its chief financial officer told Reuters.

Nickel Asia says ore shipments jump in 2018

NICKEL ASIA Corporation reported the value of its mineral ore shipments jumped 20% to P17.29 billion in 2018, on the back of an increase in prices and export volume, and favorable peso-dollar exchange rate.

Nickel Asia unit Taganito wins P2.9-M VAT refund

A UNIT of Nickel Asia Corp. has won a Value Added Tax (VAT) refund from the Bureau of Internal Revenue (BIR) worth about P2.9 million on more than P3 billion worth of zero-rated sales.

Nickel Asia founder Zamora retires

NICKEL ASIA Corp. (NAC) on Tuesday announced the retirement of its chairman and founder Manuel B. Zamora, Jr.

Nickel Asia’s net income inches up in first half

Nickel Asia Corp. (NAC) reported a 2.18% increase in attributable net income for the first half of 2018 to P1.57 billion, due to rising...

Nickel Asia keeps sales guidance despite gov’t curbs

MANILA — The Philippines’ top nickel ore producer, Nickel Asia Corp., said its export plans in 2018 remain unchanged despite government plans to limit...

Nickel Asia says DENR proposed mining limit will not affect production...

Listed firm Nickel Asia Corp. (NAC) said that the government's proposal to prescribe a limit to mining areas will not affect its production. In a...

Nickel Asia says value of nickel ore shipments drops in Q1

LISTED Nickel Asia Corp. on Tuesday said the value of nickel ore shipments fell in the first quarter as prices weakened after Indonesia relaxed...

Nickel Asia net income up 41% on improved prices

NICKEL ASIA Corp. on Wednesday said that its net income went up by nearly 41% to P2.77 billion in 2017, driven by improved nickel...

Nickel Asia books P2.62-B income in Jan.-Sept.

NICKEL ASIA Corp. reported its attributable profit reached P2.62 billion in the first nine months of the year, nearly tripling the P980 million recorded...

Nickel Asia sees ‘okay’ profit for 3rd quarter

By Janina C. Lim, Reporter THE COUNTRY’S top nickel miner on Thursday said its third quarter profit is “okay,” after seeing improved ore prices. Nickel Asia...

Nickel Asia profit surges in 1st half

LISTED Nickel Asia Corp. saw a surge in profits, breaching the P1 billion mark amid higher production on the back of improved metal prices. In...