DMCI Unit, Nickel Asia to Jointly Build Nickel Processing Plant

MT Newswires Live

03-05

DMCI Holdings' (PSE:DMC) unit DMCI Mining and Nickel Asia (PSE:NIKL) signed a memorandum of understanding to assess building a nickel processing plant in the Philippines.

The partnership will boost local nickel processing capabilities by combining both firms' expertise and resources, according to a Wednesday Philippine bourse filing.

Over the next two to three years, the companies will explore technology, site selection, and supply chain solutions, pending regulatory approvals.

The facility will process low-grade nickel ore, creating jobs, maximizing resources, and strengthening the local industry.

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