Ipilan Nickel Corporation (INC), the Palawan-based 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 carrying 53,912 wet metric tons (WMT) of low-grade nickel ore with an average grade of 1.30 percent nickel.
With favorable operating conditions and weather permitting, Ipilan is targeting at least 1.5 million WMT in total production for 2026. The projected sales mix for the year consists of 52.6 percent low-grade and 47.4 percent medium-grade nickel ore, consistent with the company’s market strategy and customer requirements.
The start of shipments highlights the strong operational readiness of Ipilan’s mine site and its continued ramp-up under a comprehensive mine development program for the year. Key initiatives include the expansion of mining areas, construction of additional haul roads, and installation of critical environmental protection structures. These efforts are designed to support 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, which grants the company the right to conduct mining operations in the Municipality of Brooke’s Point, Palawan, covering a total contract area of 2,835 hectares.
The commencement 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 likewise reiterated its commitment to close coordination with national and local government agencies, as well as host communities, to ensure that mining activities contribute to inclusive economic growth, employment generation, and sustainable community development.
