THPAL MILESTONES IN THE PHILIPPINES
by Philippine Resources - June 28, 2022
Photo credit: Taganito HPAL Nickel Corporation
The Taganito HPAL Nickel Corporation (THPAL), a mineral processing plant, was incorporated in the Philippines on August 22, 2008 to engage mainly in the manufacture and export of Nickel and Cobalt Mixed Sulfide.
THPAL’s Plant is designed to have an annual output of 30,000 MT of Nickel and 2,640 Metric of Cobalt in the form of Ni-Co Mixed Sulfide with a project life span of 30 years. This Ni-Co Mixed Sulfide will be exported to the Nihama Nickel Refinery in Ehime Prefecture, Japan.
However, with the continuous research and development, THPAL pioneered the production of Scandium in the country in 2019 and further, successfully conducted its Chromite commercial production in April 2021.
Adding Value to the Low-Grade Ores
Using the HPAL technology, THPAL optimizes the utilization of minerals by producing several rare mineral products from the low-grade ores, which is not of value before. Through its advance technology, THPAL produces Nickel and Cobalt in the form of MS Sulfide, Scandium and Chromite.
Adding Value to the Environment
The company advocates responsible environmental management to protect the environment beyond compliance and adheres to stringent safety measures, while operating its state-of-the-art plant facility equipped with Hydrogen Sulfide plant, Power Plant, Wastewater Treatment Facility, Sewage Treatment Plant, air pollution control facility and other pollution control mechanisms put in place to safeguard the people and the environment. The plant achieved its ISO 14001:2015 certification in 2017.
Adding Value to the Communities
THPAL started the implementation of the Social Development and Management Program prior to its commercial operation to address the clamor of the communities for an improved quality of life. To date, the company is supporting 536 college scholars, 699 senior citizens and 233 Persons with Disability, 12 people’s organizations with 306 members, 165 Barangay Health Works and other medical workers in the communities, and other 255 recipients. We have been responsible for the construction multi- million infrastructure projects like schools, roads, health centers, churches, to name a few.
Adding Value to the Filipino Skills
The company cultivates a diverse workforce where upon joining THPAL, were exposed to a wide array of skills that puts premium to their individual professions. They are not only trained to become experts in their own field, but to become responsible citizens of the communities.
Adding Value to the Economy
The entry of THPAL to the industry brought forth employment opportunities to thousands of locals. This is also considered as the region’s major economic driver with the infusion of 1.6B US dollar for the establishment of the project in Barangay Taganito, Claver, Surigao del Norte.
The company does not only aspire to become the leading HPAL plant in the world but it believes that success in business is, when society grows with it by providing lasting benefits to the Filipino people and the world. The Taganito HPAL Nickel Corporation is Surigao del Norte’s pride in the Caraga Region.
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Philippine Resources - December 07, 2021
THPAL commences Chromite Production
Taganito HPAL Nickel Corporation (THPAL), a mineral processing plant and a subsidiary of Sumitomo Metal Mining Co., Ltd (SMM), officially started its commercial operation of chromite last March 2021 to produce chromite concentrate. The company decided to commercially extract chromite to be used primarily as a raw material for stainless steel. With the Chromite Recovery Plant of the company, THPAL can now recover chromite simultaneously during the production process of nickel and cobalt mixed sulfides, the first intermediate product of the company. Chromite has brownish to black-colored mineral and is refined and processed into the intermediate product ferrochrome, widely used as a raw material for stainless steel and other special steels. This can also be used as paint pigment to produce Chrome Yellow for the textile industry, where large amounts of chromium compound as chemical to fix a dye are commonly used. According to Engr. Rey Prado, head of THPAL Chromite Recovery Plant, “It has been shown that there is an increase of the worldwide demand for chromite from November 2018 and the market is still growing. With this, the company’s target is to produce high quality chromite for quarterly shipment on demand of the customer.” By efficiently recovering not only nickel and cobalt but also its by-products such as scandium and chromite in THPAL, it will increase the cost competitiveness of its HPAL technology. This will likewise provide new materials for the stainless-steel industry, which is the backbone of the nickel business. By doing so, SMM’s presence in the global nickel industry through its subsidiary companies will push the realization of its vision of “Becoming the World Leader in the Non-Ferrous Metals Industry” by 2030. This will likewise add value to the low grade ores and increase the contribution of the company to employment generation and to the coffers of the government. Brief Description of THPAL Taganito HPAL Nickel Corporation (THPAL) is a mineral processing plant located at Taganito Special Economic Zone, Barangay Taganito, Claver in the province of Surigao del Norte, which employs the highly efficient High Pressure Acid Leaching (HPAL) technology to turn low-grade nickel ore into a manufactured intermediate product of high commercial value. With its estimated cost of 1.6 billion US Dollars, it became one of the largest foreign direct investment projects in the Philippines. THPAL’s plant is designed to have an annual production of 30,000 metric tons of Nickel and 2,640 metric tons of Cobalt in the form of Ni-Co Mixed Sulfide. This Ni-Co Mixed Sulfide will be exported to Nihama Nickel Refinery in Ehime Prefecture, Japan. THPAL is likewise the country’s sole producer of scandium – the rarest mineral on earth -- and on April 2021 THPAL started the commercial operation of its Chromite Recovery Plant to produce chromite concentrate.
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Philippine Resources - March 21, 2023
PBBM boosts transport sector thru big-ticket projects
Photo credit: Department of Transportation Several big-ticket infrastructure projects in the transportation sector have been approved or are already being implemented by the administration of President Ferdinand R. Marcos Jr., the Department of Transportation (DOTr) reported Monday. In a statement, the DOTr said the Cebu Bus Rapid Transit Project, Davao Public Transport Modernization Project, EDSA Greenways, the Light Rail Transit Line 2 (LRT-2) West Extension, and the Light Rail Transit Line 1 (LRT-1) Cavite Extension are all ongoing as of March 9 according to the National Economic and Development Authority (NEDA). These projects are among the 67 infrastructure flagship projects (IFP) that have been greenlit or are already underway out of the 194 high-impact projects under Marcos’ "Build Better More" program. In the rail sector, these approved and ongoing projects include the Metro Manila Subway Phase 1, Mindanao Rail Phase 1, Metro Rail Transit Line 3 (MRT-3) rehabilitation, Metro Rail Transit Line 4 (MRT-4), Metro Rail Transit Line 7 (MRT-7), New Cebu International Container Port, New Manila International Airport (Bulacan International Airport), North-South Commuter Railway (NSCR), Philippine National Railways (PNR) South Long Haul, and the Subic Clark Railway. The New Dumaguete Airport Development Project (Bacong International Airport) and the Integrated Flood Resilience and Adaptation (InFRA) Phase 1 have also both been approved by NEDA, with six projects awaiting approval. Last week, the NEDA Board, led by Marcos, approved 194 high-impact priority projects with a total cost of around PHP9 trillion. The board also approved amendments to the 2013 Joint Venture guidelines to support the government’s push for more investments in the country’s infrastructure. PNR suspension Meanwhile, Senate President Pro Tempore Loren Legarda has expressed alarm over an impending suspension of select PNR routes due to the NSCR, saying it will affect thousands of commuters, mostly students and workers. “The welfare of the riding public should always be prioritized yet it remains to be seen whether such proposed solutions would effectively and sufficiently address the riding public's urgent demands in time for the imminent suspension of the operations of the PNR,“ Legarda said in her explanatory note on Senate Resolution No. 546. The PNR plans to suspend operations of certain routes for up to five years to facilitate the faster construction of the 55-kilometer NSCR. The construction will start in May and PNR may suspend the routes between Governor Pascual in Malabon City and Calamba City in Laguna, and well as Alabang, Muntinlupa City to Calamba. The Tutuban, Manila-Alabang route will be suspended in October and will affect between 20,000 and 25-000 passengers daily. Legarda urged the Committee on Public Order, chaired by Senator Grace Poe, to look into the impending suspension and come up with alternative solutions. Article courtesy of the Philippine News Agency
Philippine Resources - March 21, 2023
Global Ferronickel Holdings, Inc. signs purchase agreement with Baosteel Resources for 1.5 million WMT
Photo credit: Global Ferronickel Holdings Global Ferronickel Holdings, Inc. (FNI), has just signed an Annual Purchase Agreement with Baosteel Resources International Co. Ltd. for the supply of 1.5 million WMT of nickel ore for the 2023 mining season. The nickel ore will be coming from FNI’s operating mines in Surigao del Norte and Palawan, operated by Platinum Group Metals Corporation (PGMC) and Ipilan Nickel Corporation (INC), respectively. “Our two operating mines have given us the ability to undertake year-round production to better support the growing demand from China. The easing of COVID-19 restrictions and the robust growth of China’s property sector that is driving the need for stainless steel will help boost the nickel industry,” said Dante R. Bravo, FNI President. Should stockpile inventory permit, one-third of the shipment will be composed of lowgrade nickel ore with 0.90% nickel content and 49% iron content while the remainder will be medium- to high- grade nickel ore with 1.30%-1.60% nickel content and 15%- 25% iron content. The selling price of each shipment will be set on a monthly basis according to the prevailing market price at the time of price setting. Baosteel Resources International Co., Ltd. is a wholly owned subsidiary of the top Chinese steel manufacturing corporation China Baowu Steel Group and is engaged in the business of mineral resource investment, trading, and logistics services. Notably, the company highly specializes on trading of metallurgic raw material with annual volume of over 60 million tons covering a vast range of products such as iron, ore, coal, alloys, non-ferrous metals, ferrous scraps, metallurgical flux, etc. Baosteel Resources maintains over 100 overseas suppliers and over 40 overseas clients. The Company’s headquarters is located in Hong Kong with footprints in Australia, Singapore, South Africa, Indonesia, and several others. Article courtesy of the Philippine Stock Exchange
Philippine Resources - March 21, 2023
Celsius enters into initial binding deed and agreement with local companies to progress MCB Project
Photo: Signing of Binding Deed and Agreement (Left to right: PMR Holding Corp. President Dan Chalmers, CLA Chairman and MMCI President Atty. Julito “Sarge” Sarmiento, Sodor, Inc. President Ms. Erika Chalmers, and CLA Executive Director and MMCI Country Operations Director, Peter Hume). Celsius Resources Limited is pleased to announce that on 17 March 2023 the Company’s wholly owned subsidiary, Makilala Holding Limited ("MHL"), entered into a binding deed with Sodor, Inc. for Sodor to acquire a 60% legal ownership in Makilala Mining Company, Inc. (“MMCI”) for consideration of PHP 300 million (approximately A$8.2 million as at the date of this announcement), on terms and conditions described in the following paragraphs. The signing of the Deed is a significant milestone as it will enable MMCI to apply for an MPSA for the MCB Project with the Philippine Government. As previously advised by the Company, under Philippine law, an MPSA must be held by a company that is at least 60% Filipino owned. In addition, the Company and its wholly owned subsidiaries MHL, MMCI, and PDEP Inc. (“PDEP”) entered into an accompanying binding letter agreement with Sodor and its affiliate PMR Holding Corp. (“PMR”) (together, the “Parties”) to agree on the timeline for, and that delivery to Sodor Inc. of share certificates representing 60% of MMCI’s outstanding shares pursuant to the Deed shall be made only after, the funding by Sodor Inc. and PMR of approximately ~US$43 million for a 30% economic interest in the MCB Project ("Funding Commitment"). 3 The MCB Project will be composed of MMCI and PDEP, both wholly owned subsidiaries of Celsius. The Parties shall rescind the Deed if Sodor and PMR are not able to provide the Funding Commitment within two years from signing, unless the period is shortened or extended by mutual agreement of the Parties. As at the date of this announcement the amount of the Funding Commitment, which is inclusive of the MMCI Consideration, is approximate as the Parties will confirm the size and timing of payment of the Funding Commitment following completion of a bankable feasibility study on the MCB Project. Provision of the Funding Commitment also remains subject to completion of negotiation and execution of binding definitive long form legal documentation. The Philippine Government has otherwise advised MMCI that it has met all of the other technical requirements to obtain the MCB Project’s required environmental and mining permits. Celsius Non-Executive Chairman and MMCI Chairman and President, Atty Julito R. Sarmiento, commented: “We are indeed honored to have Sodor Inc. as our local partner in our vision to develop the MCB Project as a model for Transformative Mining in the Philippines. Our principles and visions are aligned, which is a powerful step towards developing and operating the MCB Project in a responsible and sustainable manner benefitting both our shareholders and local stakeholders. It has always been our commitment, particularly to the Balatoc Tribal Community, that central to the mine development is cultural respect, social development, and environmental protection. Sodor Inc. shares the same commitment, and is thus a perfect partner in developing the MCB Project.” Article courtesy of Celsius Resources. The full press release can be found HERE
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