Metro Manila, Philippines — Ipilan Nickel Corporation (INC), the Palawan operating subsidiary of Global Ferronickel Holdings, Inc. (PSE: FNI), has officially commenced its mining operations for calendar year 2026 following the successful loading of its first nickel ore shipment for the year.
The bulk carrier MV RU Cheng Shan has completed loading at Ipilan’s anchorage area in Brooke’s Point, Palawan, and has departed for China with 53,912 wet metric tons (WMT) of Ni 1.30% low-grade nickel ore.
With favorable operating conditions and weather permitting, Ipilan targets to achieve at least 1.5 million WMT in volume production for the year. The projected sales mix for 2026 is 52.6% low-grade and 47.4% medium-grade nickel ore, in line with the Company’s market strategy and customer requirements.
The commencement of shipments reflects the strong operational readiness of Ipilan’s mine site and its continued ramp-up under a comprehensive mine development program for the year. Key activities include mining area expansion, construction of additional haul roads, and the installation of critical environmental protection structures. These initiatives are integral to supporting the Company’s targeted production volumes while ensuring strict compliance with environmental and regulatory standards.
Ipilan operates under a Mineral Production Sharing Agreement (MPSA) with the Philippine government, granting it the right to conduct mining operations within the Municipality of Brooke’s Point, Palawan, covering a total contract area of 2,835 hectares.
The start of Ipilan’s 2026 operations underscores FNI’s continued execution of its growth strategy, anchored on disciplined mine development, responsible mining practices, and long-term value creation for shareholders.
The Company remains committed to close coordination with national and local government agencies, and host communities to ensure that mining operations translate into inclusive economic growth, employment generation, and sustainable community development.