The Philippines & Indonesian Nickel Mining Industry

The recent bullish outlook of local and offshore investors to the Philippine nickel industries is at stake.  It was published early this year in various financial market news of the prohibition of the Indonesian government to sell nickel ores outside from their country. Accordingly this will take effect April, 2012. This rumor will produce bad impact to the Indonesian nickel industries. Their sales will be affected and investors will have to withdraw their investment capital from these companies.

On the other hand, the Philippine nickel miners will benefit most of the said scenario. Big corporations from china who used to buy nickel ores from their Indonesian suppliers will secure other sources. These Chinese buyers are now eyeing to get supplies from the Philippines. One reason is its approximate distance from their country.

It was observed in the Philippine stock market exchange trading sessions starting last January until recently that there was substantial growth of stock prices of the publicly listed local nickel industries.

The following companies are good ones:

Nickel Asia (NIKL)

Ni Hao Mineral Resources (NI)

Marcventures Holdings (MARC)

Partial List of Philippine Mining Industries

According to the Philippines' Mines and Geosciences Bureau (MGB), Philippine is ranked as fifth globally in terms of mineralization.  Minerals like copper, gold, silver, nickel and aluminum were some of the abundant metals found here.

In this blog, I am sharing the different companies that mine gold in the country. Here they are:

Abra Mining & Industrial Corporation

Phil. Stock Exchange Index Name: AT

Products:  Commercial utilization of limestone, lime, shale, silica, sand,
                gold, silver, copper, zinc and magnetite iron sand.

Year Started: September 1964

Mining Site/s: Abra and Ilocos Sur

Status: Has not started normal and commercial extraction of
              mine products as of end 2010.

Dizon Copper-Silver Mines, Inc.

Phil. Stock Exchange Index Name: DIZ

Products: Gold, Silver, Copper

Year Started: August 1966

Mining Site:  San Marcelino, Zambales

Associated Companies: Benguet Corporation

Status:

Atlas Consolidated Mining & Development Corporation

Phil. Stock Exchange Index Name: AT

Products:  Produces copper concentrates and gold with silver, magnetite and pyrites.

Year Started: March 1935

Affiliates/Subsidiaries: Carmen Copper Corporation, Berong Nickel
             Corporation, TMM Management, Inc., Ulugan Nickel
             Corporation, Ulugan Resources Holdings, Inc.,

 Nickeline Resources Holdings, Inc., Atlas Exploration Inc.,
 and Amosite Holdings Inc.                                                                                                       Status: Under operation.

Philex Mining Corporation

Phil. Stock Exchange Index Name: PX

Products:  Gold, Silver, Copper

Year Started:  July 1955

Mining Site: Benguet

Subsidiary: Padcal Mine

Status: Under operation.

Nickel Asia Corporation

Phil. Stock Exchange Index Name: NIKL

Product:  Global supplier of lateritic nickel ore.

Year Started: July 2008

Mining Site:  Samar and Cordillera Province among others.

Subsidiaries:  Hinatuan Mining Corporation, Taganito Mining Corporation,
                     Cagdianao Mining Corporation, Rio Tuba Nickel Mining
                     Corporation, Falck Exp Inc., La Costa Shipping and

                     Lighterage Corporation, Samar Nickel Mining Resorces
                     Corporation, and Cordillera Exploration Co., Inc

Status: Under operation.

Lepanto Cosolidated Mining Company

Phil. Stock Exchange Index Name: LC

Products: Gold, copper, silver and diamond drilling.

Year Started: September 1936

Mining Sites: Manyakan, Benguet

Subsidiaries:  Victoria Mine Project, Shipside, Inc., Diamond Drilling
                     Corporation of the Philippines, Lepanto Investment and
                     Development Corporation, Diamant Boart Philippines,
                     Inc., and Far Southeast Gold Resources, Inc.

Status: Far Southeast is under feasibility study and Victoria
                     Project will re-operate starting October 2011.

Semirara Mining Corporation

Phil. Stock Exchange Index Name: SCC

Products: Production of sub-bituminous coal and coal handling services.

Year Started: February 1980

Mining Site: Caluya, Antique

Subsidiaries: SEM-Calaca Power Corporation

Status: Under operation.

United Paragon Mining Corporation

Phil. Stock Exchange Index Name:  UPM

Products: Gold, Silver  & Copper

Year Started:  April 1970

Mining Site: Paracale, Camarines Norte

Subsidiaries: Longos Mine

Status: Operations stopped December 1988

Philippine Stock Exchange Most Active Stocks

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Here are some of the most active stocks in the PSE where I invests in.

This is one of the top giant banks in the Philippines with lot of depositors.

Alliance Global is the responsible in the operation of casinos here in the Philippines and the Resort Worlds. 

Jollibee Incorporated consists of Jollibee, Red Ribbon, Chowking and Mang Inasal.

Ayala Land owns Ayala Malls in the Philippines, Bonifacio Global City among others.

Nickel Asia - is the largest nickel mining company in the Philippines.