Nickel Asia unit fined by BOC

By VG Cabuag @villygc

The company said it paid the penalty on the same day.

NKL owns four mines operated by its subsidiaries. These are: Rio Tuba mine in Palawan operated by RTN; Taganito mine operated by Taganito Mining Corp.; the Taganaan mine operated by Hinatuan Mining Corp.; and, the Cagdianao mine in Dinagat Islands operated by Cagdianao Mining Corp. The Taganito and Tagana-an mines are both in Surigao del Norte.

In its quarterly report last November, NKL said that despite the lower ore sales volume sold during the period, revenues rose by 2 percent owed largely to higher nickel ore prices and favorable exchange rates.

The Group’s operating mines sold a combined 12.44 million wet metric tons (WMT) of nickel ore during the first three quarters of 2022, compared to 14.44 million WMT in the same period last year, NKL said.