Four subsidiaries of listed natural resources development company Nickel Asia Corporation (NAC) were honoured at the 2025 Philippine Extractive Industries Transparency Initiative (PH-EITI) National Conference, held on 28 November 2025 at Sequoia Hotel in Parañaque City.
Cagdianao Mining Corporation (CMC) and Hinatuan Mining Corporation (HMC) earned second and third place, respectively, in the Excellence in Reporting Award – Metallic Mining Category, for their clear, comprehensive, and timely submissions to the national transparency framework.
Dinapigue Mining Corporation (DMC) and Rio Tuba Nickel Mining Corporation (RTN) were also recognised as Top Reporting Entities, with RTN receiving distinctions in both the Metallic and Non-Metallic mining categories.
“These recognitions affirm our long-standing commitment to openness, accountability, and responsible mining,” said NAC SVP for Sustainability, Risk, Corporate Affairs, and Communications and Chief Sustainability Officer Jose Bayani D. Baylon.
“Transparency is fundamental to building trust with our host communities, government partners, and the public. We are immensely proud of our operating companies for consistently setting the standard,” Baylon added.
EITI is a global transparency standard requiring extractive companies – including mining, oil, and gas firms – to disclose payments made to the government, while also obliging governments to report the revenues received. The initiative promotes greater openness and accountability in managing and reporting the benefits derived from natural resources.
PH-EITI, aligned with global EITI standards, aims to strengthen natural resource governance through accurate reporting of revenues, payments, and other critical data from extractive industries. NAC’s continued success in the initiative underscores its leadership in ethical practices and sustainable development in the Philippine mining sector.
In her closing remarks, PH-EITI National Coordinator Mary Ann Rodolfo said, “We share one vision, a natural resource sector that benefits the Filipino people, protects the environment, and upholds the rights of communities.”
Nickel Asia Corporation (PSE: NIKL) is a diversified natural resources development company in the Philippines, with a portfolio that includes seven operating nickel mines, a 10-percent stake in the Taganito HPAL project, and a rapidly growing clean energy subsidiary.
NAC aims to contribute to sustainable national development by adopting its ESG roadmap to achieve the highest standards in responsible utilisation of the country’s natural resources. The company produces two types of ore: saprolite and limonite. Saprolite ore is used as feed for ferronickel and nickel pig iron smelters in Japan and China, while most limonite ore is processed domestically by the Coral Bay and Taganito HPAL projects.
NAC’s renewable energy subsidiary engages in power generation exclusively from renewable sources. In a short period, it has built a portfolio of renewable energy service contracts across solar, wind, and geothermal projects, which are at various stages of development.
Through its operations and the efforts of over 2,000 employees across communities, NAC aims to bring products that contribute to a progressive and sustainable future while remaining conscious stewards of the environments in which it operates.
