FNI revenues up 28 times, reports a net income in the first quarter for the first time
May 15, 2023Global Ferronickel Holdings, Inc. (PSE: FNI)achieved Q1 2023 revenues of ₱1.1 billion and net income of ₱358.8 million, turning a first quarter profit for the first time in the company’s history. Earnings per share on net income attributable to equity holders of the company came in at ₱0.0296 compared to a loss of ₱0.0375 in the same period […]
FNI reports 2022 net income of ₱2.2 billion and provides update on strategy
March 24, 2023Global Ferronickel Holdings, Inc. (PSE: FNI) delivered resilient financial results and key operating achievements in 2022, with net income growing 9% to ₱2.2 billion and earnings before interest, taxes, depreciation, and amortization (EBITDA) margin expanding to 48% from 39% in the previous year. “Our performance during the year showed our Company’s ability to evolve and […]
FNI raises stake in Mariveles port to 88%
February 9, 2023Global Ferronickel Holdings Inc. (FNI) is investing an additional P192 million to acquire another 24 percent shareholding in Mariveles Harbor Corporation (MHC) by March 10, 2023. After acquiring the additional stake from Seasia Logistics Philippines, Inc., FNI will own 88 percent of MHC. This will give FNI more control on the operation of the port. […]
PGMC bags Presidential award for surface mining
January 17, 2023Platinum Group Metals Corporation (PGMC) pursues its primary goal to positively impact communities while fostering significant economic growth. Through the years, the company has been upholding the principles that enable a safe and sustainable mining industry with respect to energy efficiency, waste minimization, and environmental protection. Being conferred the Presidential Award in this year’s Presidential […]
Platinum Group Metals Corporation raises the bar with IMS certification
October 24, 2022Platinum Group Metals Corporation (PGMC), the second-largest value exporter of nickel ore in the country and a wholly-owned subsidiary of Global Ferronickel Holding’s Inc. (FNI), has received ISO certification for its Integrated Management System (IMS) in relation to its Quality Manegement System (ISO 9001:2015), Occupational Health and Safety Management System (ISO 45001:2018) and Environmental Management System (ISO 14001:2015).
FNI solidifies 20% stake in China-based ore processor
October 3, 2022Global Ferronickel Holdings, Inc. (FNI), a diversified Filipino company with interests in nickel ore mining, logistics, cement and steel production, and port operations, on Friday signed the definitive agreement giving it a pivotal 20% stake in Guangdong Century Tsingshan Nickel Industry Co., Ltd. (GCTN) through the purchase of shares in GHGC Holdings, Ltd. (GHL). GHL owns 90% of the GCTN stock portfolio.
FNI’s Ipilan Nickel Project marks major milestone with maiden shipment of nickel ore
September 20, 2022Ipilan Nickel Corporation (INC), an affiliate of Global Ferronickel Holdings, Inc. (FNI), announces the successful completion of its maiden shipment of ore today from its mine site in Brooke’s Point, Palawan.
Global Ferronickel Holdings, Inc. records net income of P417.4 million in the first half of 2022
August 15, 2022Global Ferronickel Holdings, Inc. (FNI) recorded a consolidated net income of ₱417.4 million for the period ended June 30, 2022.
Platinum Group Metals Corporation’s first shipment underway and targets 5.5M WMT for 2022
April 20, 2022Global Ferronickel Holdings, Inc. (FNI) is off to a strong start as Platinum Group Metals Corporation (PGMC) begins its shipment to customers in China with 53,700 WMT of low-grade nickel ore bound for Guangdong Century Tsingshan Nickel Industry Co., Ltd. (GCTNICL).
Global Ferronickel Holdings, Inc.’s 2021 net income up 5.9% to ₱1.98B
March 28, 2022Manila, Philippines. Global Ferronickel Holdings, Inc. (FNI), the country’s second-largest nickel ore producer, recorded a 5.9% net income increase of ₱1.98 billion for the year ended December 31, 2021, compared to ₱1.87 billion in the same period last year. Revenues are up by ₱445.5 million or 6.1% to ₱7.71 billion in 2021 against the ₱7.26 […]