Business

FNI opens new mine

FNI opens new mine

A unit of Global Ferronickel Holdings Inc. has opened a new mine site in Surigao.

A unit of Global Ferronickel Holdings Inc. has opened a new mine site in Surigao.

FNI president Dante R. Bravo said the opening of CAGA 3 would help the company achieve 25% of its shipment target for the year.

PGMC completed its first shipment on March 31. The shipment bound for China contains medium grade nickel ores.

“With a positive outlook of the nickel industry, our goal was to kick off this year’s mining season earlier than last year. We were able to mobilize our mining operators and have been preparing for vessel loading with Nickel ores as early as March,” said Dante R. Bravo, president of FNI.

FNI’s mine site in Surigao is subdivided into seven Cagdianao areas. The company has only been operating in two CAGA areas (CAGA 2 and CAGA 4) to support its nickel ore shipments.

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