Global Ferronickel Holdings, Inc. to begin construction of steel rebar plant in Q1 2021
October 19, 2020The construction of the $50M Rebar Steel Rolling Plant in Mariveles, Bataan of Global Ferronickel Holdings, Inc. (FNI), the country’s second-largest nickel ore producer, is scheduled to commence in the first quarter of 2021.
Global Ferronickel Holdings, Inc.’s H1 net income up 86% to Php195.8 million
August 14, 2020Global Ferronickel Holdings, Inc. (FNI), the country’s second-largest nickel ore producer, recorded H1 net income of P195.8 million against the P105.5 million it posted during the same period last year.
Global Ferronickel Holdings, Inc.’s net income more than doubles to P1.303 billion in 2019
June 30, 2020Global Ferronickel Holdings, Inc. (FNI), the country’s second-largest nickel ore producer, announced today a net income of ₱1.303 billion for 2019 as against the ₱509 million it posted the previous year.
Platinum Group Metals Corporation temporarily suspends operations
April 8, 2020In compliance with the policy directions of local government units and to allay growing concerns with the spread of COVID-19 in the country, Platinum Group Metals Corporation (PGMC), the operating arm of Global Ferronickel Holdings, Inc. (FNI), has decided to temporarily suspend operations in its Cagdianao site effective immediately.
Platinum Group Metals Corporation appeals to continue operations amid quarantine protocols
April 1, 2020Platinum Group Metals Corporation (PGMC), the operating arm of Global Ferronickel Holdings, Inc. (FNI), has filed an appeal to the Office of the Governor of Surigao del Norte and the Office of the Municipal Mayor of Claver to exempt it from the ordered temporary closure of mining activities particularly the loading of ores to foreign vessels that are already on-site.
Platinum Group Metals Corporation reports reserves of 43.3M WMT
January 8, 2020Global Ferronickel Holdings, Inc. (FNI) announces the proven and probable ore reserves estimate as of October 15, 2019 for the Platinum Group Metals Corporation Cagdianao Nickel Expansion Project at 43.3 Million WMT (1.19% Ni and 29.88% Fe).
Global Ferronickel Holdings, Inc. acquires 40% stake of Seasia Nectar Port Services, Inc. for P450M
December 19, 2019As part of its diversification plans, Global Ferronickel Holdings, Inc. (FNI) subscribed to 1.67 million shares in Seasia Nectar Port Services, Inc. (SNPSI) valued at P450M, which is equivalent to a 40-percent stake in SNPSI. SNPSI operates the first purpose-built Dry Bulk Terminal located within the Freeport Area of Bataan in Mariveles.
Global Ferronickel Holdings, Inc. 3rd quarter net income up 35% to P805 million
November 13, 2019Global Ferronickel Holdings, Inc. (FNI), the second largest nickel ore exporter in the Philippines, saw its revenue and net income increase in the 3 rd quarter of 2019 buoyed by the rise in nickel ore prices.
Global Ferronickel Holdings, Inc. 1H2019 Net Income soars more than 25x to P105.3Mn
August 13, 2019Global Ferronickel Holdings, Inc. (PSE: FNI), the second largest Nickel ore exporter in the country, increased its net income by more than 25x to Php 105.3 million for the first half of 2019 as against the Php 4.0 million it recorded in the same period last year. Revenue grew by 24.1% year-on-year to Php 1,774.8Mn from Php 1,430.6Mn in 1H2018.
Global Ferronickel Holdings, Inc. records profits of P3.98 million in the first half of 2018
August 9, 2018Global Ferronickel Holdings, Inc. (FNI) today announced net income of ₱3.98 million for the period January to June 2018 as against ₱151.76 million in the same period last year.