Metals and Mining
Company Overview of Nickel Asia Corporation
Nickel Asia Corporation, a nickel mining company, engages in the mining of various ore, metals, and minerals in the Philippines. The company operates four lateritic nickel mines, including Rio Tuba, Taganaan, Taganito, and Cagdianao mines, which are located in the southern half of the Philippines. The company produces and supplies lateritic nickel ore, limonite ore, and saprolite ore to ferronickel producers in Japan, and the Chinese trading and steel producing companies, as well as to the refiners of copper, gold, nickel, and zinc. It also provides limestone and contractual services to Coral Bay Nickel Corporation. As of December 31, 2012, the company had proved and probable saprolite ore r...
143 Dela Rosa Street
Makati City, 1229
Founded in 1977
Key Executives for Nickel Asia Corporation
Nickel Asia Corporation does not have any Key Executives recorded.
Nickel Asia Corporation Key Developments
Nickel Asia Corp. Announces Unaudited Financial and Operating Results for the Nine Months Ended September 2013
Nov 7 13
Nickel Asia Corp. announced unaudited financial and operating results for the nine months ended September 2013. For the period, the company reported that net income attributable to majority stakeholders fell 21.88% to PHP 1.75 billion from PHP 2.24 billion in the same nine months last year. Revenues dropped 14.67% to PHP 8.20 billion from PHP 9.61 billion due to a fall in average London Metal Exchange (LME) nickel price to $7.11 per pound of payable nickel from $8.27 per pound.
Total volume of nickel ore sold and delivered in 2013 increased 8% to 10.32 million wet metric tons compared to 9.56 million wet metric tons in 2012.
Nickel Asia Corporation Reports Unaudited Consolidated Earnings and Operating Results for the Six Months Ended June 30, 2013
Jul 31 13
Nickel Asia Corporation reported unaudited consolidated earnings and operating results for the six months ended June 30, 2013. For the period, the company's net income was halved to PHP 908.201 million from restated net income of PHP 1.825 billion last year, with profit attributable to equity holders of the parent similarly falling 49.368% to PHP 645.604 million from restated profit attributable to equity holders of the parent of PHP 1.275 billion last year. Revenues sank 17.389% to PHP 4.384 billion from restated revenues of PHP 5.306 billion as ore sales fell 18.314% to PHP 4.143 billion from PHP 5.072 billion. Income before income tax was PHP 1.277 billion against restated income before income tax of PHP 2.375 billion last year. Basic and diluted earnings per share were PHP 0.26 against restated basic and diluted earnings per share of PHP 0.51 last year.
Total volume of nickel ore sold and delivered from the company’s four operating mines reached 5.54 million wet metric ton (WMT) against 5.02 million WMT last year.
Nickel Asia Appoints Martin Antonio G. Zamora as Director
Jul 31 13
Nickel Asia Corporation appointed Martin Antonio G. Zamora as a Director. The effective date is July 30, 2013.
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