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HMC Spends More Than 4 Million Pesos for Adopt-a-Municipality Program in Siargao
by Philippine Resources - August 29, 2022
HMC has adopted the Municipalities of Dapa and San Benito in Siargao as an answer to the call of the Adopt-a-Municipality Program of the Provincial Government of Surigao del Norte to provide construction materials, food and potable water for the period of six (6) months.
The aim of the program is to provide aid and relief to the nine (9) Municipalities in Siargao affected by Super Typhoon Odette. HMC has been chosen as one of the mining companies tapped by the Provincial Government of Surigao del Norte.
The aid provided by HMC in the Adopt-a-Municipality Program is the provision of construction materials to the Municipalities of Dapa and San Benito. HMC turned over ₱ 2,007,050.00 worth of various construction materials to the Municipality of Dapa, and ₱ 2,100,408 to the Municipality of San Benito.
Apart from spending for construction materials, HMC also covered the transportation expenses for the delivery of the items to the recipient municipalities.
HMC received a Certificate of Appreciation from the Municipality of San Benito for the generosity and benevolence of donating construction materials.
“The Municipal Government of San Benito through its Municipal Officials, are very much grateful and deeply honored to receive the 2 Million worth of construction materials who benefitted the affected 50 families of San Benito, Siargao Island, Surigao del Norte whose dwelling units were greatly devastated by the onslaught of Super Typhoon Odette last December 16, 2021.
The people of San Benito, with hearts full of thanksgiving and jubilation are likewise extending their profound appreciation and gratitude for your gesture of generosity provided to the Municipality of San Benito”, signed by Hon. Ma. Gina Sumando-Menil, LCB, Municipal Mayor.
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Philippine Resources - June 30, 2021
HMC Support to College Scholars During Pandemic
Contributing to a brighter future for its communities is one of the commitments of Hinatuan Mining Corporation-Tagana-an Nickel Project (HMC), a subsidiary of Nickel Asia Corp. (NAC). One way to uphold this commitment is by providing investments to support education programs. “The commitment to provide support to education is not hindered by the current pandemic, HMC continues to provide assistance to education programs such as: provision of basic school supplies, basic school fees and matriculation, monthly subsidy to day care workers and teachers and support for college students continue”, said Ms. Myline G. Becera, NAC-HMC Community Development Coordinator. “To date, HMC has a total of 19 college scholars. 16 are funded by the Social Development and Management Program (SDMP) of HMC and 3 are funded by Corporate Social Responsibility (CSR)”, said Ms. Becera. Educational Support to College Scholars For Shaina G. Gemparo, 2nd year student taking BS Fishery at Surigao State College of Technology (SSCT) Malimono Campus, the support given by HMC to her education is important. “There are many benefits I get as a college scholar from HMC. First of all, the monthly allowance I receive is crucial for me as a fisheries student studying in Malimono since we have school projects which require me to spend. “Secondly, I am thankful for the boarding house allowance since we need a place to stay in Malimono. Our mode of learning is not entirely remote, from time to time, we are required to meet at school for assignments and projects that require face to face interaction. The support provided by HMC has lessen the burden shouldered by my parents. They no longer need to spend money on my education”, she further added. Debbie G. Gemparo, a teacher by profession, is also thankful for the educational assistance provided by HMC to her daughters. Aside from Shaina, her other daughter Nikki also studies at SSCT Malimono taking up Bachelor of Elementary Education (BEED) is also a scholar of HMC. “I am grateful to HMC for supporting the tertiary education of 2 of my daughters. This is a very big help to our family. Our expenses are lessened since we no longer have to spend much for the educational needs of my daughters since they are scholars of HMC. All they need in school such as basic school fees, place to stay, and food are provided for by HMC”. Support to Remote Learning “As a student during this pandemic, the support provided by HMC is crucial since majority of our classes are conducted online. I use the monthly allowance I receive from HMC to buy WIFI and internet load. Our classes are mostly online, though there are some which require us to meet face to face. I am also thankful for the boarding house allowance of HMC, we do not have to worry where we will stay in Surigao City for classes that we are required to be present physically”, said Angelica P. Laspoña, 1st year student taking up Bachelor of Secondary Education (BSED)at SSCT Main Campus in Surigao City. Jessa R. Gemparo, 1st year student taking up BEED at SSCT Malimono Campus, also expressed her gratitude for the support provided by HMC to her as a scholar. “We use the monthly allowance we receive as scholars for internet to participate in online classes. Some of the allowance we also use as expenses when we need to attend classes in school since not all of our classes are conducted online. Our study is a mix of online and module learning. As of now, the lockdown imposed in Malimono restricts our movement as students, but does not hinder us from improving our knowledge through online learning.” “I am thankful for the opportunity provided by HMC for having me as their scholar. I do not need to ask for assistance from my family to spend for internet connection since HMC provides me with a monthly allowance. Our classes are fully online, we only go to our campus when there are projects and assignments that cannot be sent online”, said Rynelyn Diaz, a 2nd year student of Bachelor of Arts in English Language at SSCT Main Campus in Surigao City. Rodofo Diaz, a fisherman by profession and father of Rynelyn is also grateful to HMC for the scholarship given to her daughter, “The support given by HMC is a big help not only to my daughter but also to my family, Rynelyn is one of my 5 children and she is the only one studying in college.” Lester Plaza, 2nd year student taking BS Fishery at SSCT Malimono Campus, is also appreciative of the support provided by HMC. “Being a scholar of HMC has a lot of benefits, specially financially which is important in remote learning for internet connection to stay online. The monthly allowance I receive from HMC is not only advantageous to me but also to my family. I remember in the past when there was a lockdown imposed in our community as part of the Modified Enhanced Community Quarantine (MECQ) due to local transmission of CoVID-19, we were able to buy food using the monthly college scholar allowance I saved” “I am thankful to HMC for their support, they are always there. They are our guide to help us reach our dreams”, he added.
Philippine Resources - November 28, 2021
HMC Turns Over 3 Computers to Cantugas Cultural National High School in Support of TESDA Program
Graduation and Distribution of Starter Toolkits and turn-over of Desktop Computers to Cantugas Cultural National High School Hinatuan Mining Corp. (HMC), a subsidiary of Nickel Asia Corp. (NAC), has turned over 3 computer desktops and printers to Cantugas Cultural National High School during the Graduation and Distribution of Starter Toolkits at Cantugas Gym, Mainit, Surigao del Norte. The graduation ceremony was for the students of Technical Education and Skills Development Authority (TESDA), who completed the Animal Production (Poultry Chicken) NC II course. The activity was attended by TESDA Caraga Regional Director Tarhata S. Mapandi, Provincial Director Catalina O. Tacubao, Supervising TESD Specialist Buenafe G. Enaya, and Surigao del Norte College of Agriculture and Technology (SNCAT) College Administrator Abegail B. Eupeña. Municipal Mayor Crisanta O. Mondano and Mainit Sangguniang Bayan Members, Brigadier General George L. Banzon of the 901st Infantry Brigade, Lt. Col. Ryan Callanta of the 30th Infantry Brigade, Dr. Ma. Teresa M. Real Superintendent of DepEd Surigao del Norte, and the Indigenous People (IPs) of Cantugas with their Brgy. Captain Hon. Perfecto G. Galvez also attended. On behalf of Engr. Francisco J. Arañes, Jr., Resident Mine Manager; Michelle V. Baliña, Surigao Liaison Office (SLO) Manager, represented HMC during the graduation and turnover ceremony. The activity was conducted in line with the mantra “TESDA, Abot Lahat” of Secretary Isidro S. Lapeña, Caraga Cares of RD Mapandi, President Rodrigo Duterte’s Legacy on Barangyanihan Caravan, and implementation of Executive Order (EO) 70 programs carried out through Poverty Reduction, Livelihood and Employment Cluster (PRLEC) chaired by TESDA. EO 70 or the “Institutionalizing the Whole of Nation Approach in Attaining Inclusive and Sustainable Peace and Creating the National Task Force to End Local Communist Armed Conflict (NTF-ELCAC)” was signed last November 2018 to institutionalize 12 Lines of Effort to address the different aspects of the local communist armed conflict. One of the 12 Lines under the NTF-ELCAC is the Poverty Reduction, Livelihood and Employment Cluster (PRLEC) being led by TESDA. It aims to develop self-reliant, productive, resilient, and sustainable communities through harmonized and culturally responsive development programs, including Indigenous Peoples in far-flung areas of the country. Brig. Gen. George L. Banzon of the 901st Infantry Brigade in Surigao del Norte expressed his gratitude and appreciation to the government agencies and private organizations that made the event possible. “Thank you very much HMC for the support your company has provided. Everything needed was already provided by HMC, they did not only send desktop computers, they also included the Operating System (OS) of the computers and also 3 printers,” said Brig. Gen. Banzon. He also reminded everyone about the importance of working together. “In anything we do, a helping hand is always appreciated. Tasks can be accomplished faster if we have someone to work with. Like what happened today, we worked together with various government agencies and private companies. There is nothing we cannot do if we work together. Thank you again HMC for answering the call of those in need.” TESDA Provincial Director Catalina O. Tacubao also expressed her gratitude to HMC. “We are grateful for the support HMC has provided. Indeed, we can achieve anything as long as we work together for a common goal,” she said.
Philippine Resources - April 01, 2021
Hinatuan Mining Corp Gives Additional Support to Talavera United Women's Association
Nickel Asia Corp. - Hinatuan Mining Corp. (NAC-HMC) gives additional support to Talavera United Women's Association (TUWA) by providing delivery service motorcycle and pump boat. TUWA, is one of the People's organizations (POs) supported by the Social Development and Management Program of NAC-HMC. TUWA owns and manages Island’s Pure Water Refilling Station in Barangay Talavera. The vehicles turned-over by NAC-HMC to their organization will be utilized in to transport and distribute their products to customers in Brgy. Talavera and in nearby island communities. “The support provided by NAC-HMC to TUWA is part of the company’s commitment to assist its communities in their aspiration for a sustained growth by providing investments to support livelihood programs”, said NAC-HMC Community Organizer Allan O. Bandoy Jr. He also added that the provision of delivery vehicles is a way of providing assistance to TUWA to help them expand their target market, “With the additions of the delivery service motorcycle, TUWA can deliver their products to customers far from their business location. The pump boat can also be utilized to cater to clients from neighboring island communities.” Grateful for the Support TUWA officers and members are very grateful for the support provided by NAC-HMC to their Water Refilling Business. “The delivery service motorcycle and pump boat are a welcome addition to our business. These delivery vehicles are very helpful not only to us but also to our clients as well”, said TUWA Vice President Wendelina N. Arbis. “With the addition of a delivery service motorcycle, we can supply to more customers here in our island barangay. We can deliver 5 gallons of water to clients far from our water refilling station. We can also serve clients outside of our barangay, specially those in our neighboring islands, with the help of the pump boat,” she further added. TUWA Secretary Gelba C. Escultura is also thankful for the support. “We are very grateful to NAC-HMC for their support. With the aid of the delivery service vehicles, we can accommodate more customers and our delivery boy will have an easier task.” Less Hassle for Customers “Most of our customers are housewives since they are the ones left to tend their homes when their husbands go to work. Before receiving the delivery service motorcycle from NAC-HMC, they would hire someone to get their orders from our water refilling station to their homes. Nowadays, all they need to do is to text, chat or give us a call when they need water. Placing an order and getting water from us is much easier and less hassle for our clients”, said Mrs. Arbis Mrs. Escultura also stated that, “Our customers can get water from our water refilling station without the need to go outside their homes. For those residing in Barangay Talavera, all they need to do is to ready an empty 5-gallon container in their homes and our delivery boy will get it and send it to our water refilling station to be filled, and will be delivered back to them. “For customers in other islands, they need to inform us of the number of 5-gallon containers they need filled. For example, if they need 5 5-gallon containers filled, we will deliver 5 5-gallon containers already filled and we will take 5 5-gallon empty containers,” added Mrs. Arbis. Additional Income “The addition of the delivery service motorcycle and pump boat has enabled us to cater to more customers. It also helped us gain new patrons. It also helped our business gain an additional income since we can charge an additional 5 pesos per delivery”, said Mrs. Arbis. Mrs. Escultura also added that, “some clients who previously get their water from Surigao City have transferred to us. Our prices are cheaper compared to the price of water delivered from Surigao City. With the help of the delivery service motorcycle and pump boat, we are able to accommodate and satisfy the needs of these additional customers.”
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Philippine Resources - November 27, 2022
FNI posts higher nine-month net income of P2.13 billion
Photo credit: Global Ferronickel Holdings Global Ferronickel Holdings, Inc. (FNI), a diversified Filipino company with interests in ferronickel ore mining and processing, logistics and port operations, and cement and steel production, recorded a net income of P2.13 billion in the nine-month period that ended September compared to the P1.86 billion it posted during the same period last year. The results are driven by the Group’s flagship mining project in Surigao del Norte operated by Platinum Group Metals Corporation (PGMC). FNI's revenues on the sale of medium-grade nickel increased on the back of favorable forex rates and higher average realized price, while shipment volumes reel from inclement weather and a lower price for low-grade ore. The sale of nickel ore for the nine-month ended September 30, 2022 slides to 3.150 million wet metric tons (WMT), lower by 1.078 million WMT or 25.5%, compared to 4.228 million WMT of nickel ore in the same period last year. The Group only completed 58 nickel ore shipments against 78 shipments during the same period last year due to erratic weather conditions registering 161 rainy days to 137 last year. The resulting sales mix was 78% low-grade ore and 22% medium-grade ore in 2022 versus the previous period’s blend of 81% low-grade ore and 19% medium-grade ore. Shipments consisted of 2.450 million WMT low-grade nickel ore and 0.700 million WMT medium-grade nickel ore compared to 3.424 million WMT low-grade nickel ore and 0.804 WMT medium-grade nickel ore in the same period in 2021. The average realized nickel ore price for the period ended September 30, 2022 is USD28.89/WMT lower by USD1.89/WMT or 6.1% compared to last year’s USD30.78/WMT. Low-grade ore is USD25.49/WMT lower by USD4.30/WMT or 14.4% against last year’s USD29.79/WMT. On the other hand, medium-grade ore stands at USD40.79/WMT higher by USD5.80/WMT or 16.6% versus last year’s USD34.99/WMT. The average realized Peso over USD exchange rate for the Group’s export revenues is P54.87 compared to P49.22 in the same period last year, higher by P5.65 or 11.5%. “Overall outlook for FNI looks reassuring. With the opening of our Palawan mineral project, we expect healthier returns for our stakeholders. Although weather conditions have not been permissive, we have continued to improve our operations and pursue our expansion plans,” said FNI President Dante R. Bravo. FNI recently disclosed its 20% stake in China's Guangdong Century Tsingshan Nickel Industry Co. Ltd (GCTN) to enhance synergies between FNI with its nickel ore mines and GCTN as an ore processor and provide a steady value-adding enterprise for the Group. As a testament to its growth and core policy to strengthen systems and processes, PGMC has received ISO certifications for its Quality Management System (ISO 9001:2015), Occupational Health and Safety Management System (ISO 45001:2018), and Environmental Management System (ISO 14001:2015) as an Integrated Management System (IMS). The certification applies to all activities in the mining operations of nickeliferous laterite ore and other associated minerals from planning to ore production, hauling, loading and port operations.
Philippine Resources - November 27, 2022
DMCI Mining nets P1.2 billion in 9M
Photo Credit: dmcihouse.net DMCI Mining Corporation saw its net income decline by 17 percent from P1.41 billion to P1.17 billion during the first nine months of the year owing to lower nickel ore shipments and average nickel grade sold. “We expected a severe profit decline because of the depletion of our Berong mine late last year. Fortunately, the bullish nickel market allowed us to ship even the low-grade inventory of Berong,” said DMCI Mining president Tulsi Das C. Reyes. “Strong nickel prices and local currency weakness also moderated the impact of lower shipments on our bottom line,” he added. For the third quarter alone, net income tumbled by 56 percent from P181 million to P80 million due to the combined effect of lower shipment (-50%), flattish nickel grade sold (-1%), higher selling prices (+31%) and favorable average foreign exchange rates (+10%). Total shipments declined at a slower pace from January to September as the Berong mine did better than expected in the first half. Consequently, nickel ore shipments only fell by 25 percent from 1.45 million wet metric tons (WMT) to 1.09 million WMT. Despite a 4-percent decrease in average nickel grade sold from 1.38% to 1.33%, DMCI Mining posted a 16- percent improvement in nine-month average selling price from US$43 to US$50. Magnifying the impact of higher selling prices was a 10-percent increase in foreign exchange rates from US$ 1:Php 49 to US$ 1:Php 53. At the end of September, total inventory plummeted by 76 percent from 450,000 WMT to 109,000 WMT, mostly (81%) coming from Zambales. Article courtesy of the Philippine Stock Exchange
Philippine Resources - November 27, 2022
E-vehicle boom opens new opportunities for PH mining
Developing the electric vehicle (EV) industry is opening new opportunities for the Philippine mining sector, a company executive said Wednesday. In a media roundtable, DMCI Mining president Tulsi Das Reyes said the e-vehicle sector has provided new opportunities for the mining industry and his company is keen to take part in this development. He described that mining became a "sunset business" before the growth of the e-vehicle industry. "Prior to the EV boom, stainless steel was going nuts, and they don't have capacity already for the stainless steel market. And China is the only growth for stainless steel, all other countries in the world (are) slowing down," Reyes said. He said the growing demand for e-vehicles globally has offered a "fresh light" for the mining business. Nickel is a component for e-vehicle batteries. "Without EVs (e-vehicles), we would (have) ended so many other niche market(s). So it was a huge impact," Reyes added. In the recent foreign business missions of the Department of Trade and Industry (DTI) in the United States, South Korea and Japan, companies from these countries expressed their interest in the Philippine e-vehicle industry, including manufacturing batteries for electric cars. Part of the DTI's Make It Happen in the Philippines campaign is to attract investments for integrated mineral processing to have value-added activities in the mining industry instead of exporting minerals as raw materials. Reyes said DMCI Mining is in talks with possible foreign partners to explore opportunities for integrated mineral processing here, including Indonesian and Chinese partners, but this will require adequate infrastructure in place and support from the government. Meanwhile, DMCI Mining net income in January to September this year declined by 17 percent to PHP1.17 billion from PHP1.41 billion in the same period last year. The lower profit for the first nine months of 2022 was mainly due to decline in shipment. "Strong nickel prices and local currency weakness also moderated the impact of lower shipments on our bottom line," Reyes said. Article courtesy of the Philippine News Agency
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