Another Try at Sale: The Philippine government...
Another Try at Sale: The Philippine government is seeking a negotiated sale for Nonoc Mining & Industrial Corp., after two public tenders earlier this year failed to draw an acceptable bid for the ...
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1. PNB vs Hydro Resources Contractors Corporation
RESOURCES CONTRACTORS CORPORATION and against the defendants NONOC MINING AND INDUSTRIAL CORPORATION, DEVELOPMENT BANK OF THE PHILIPPINES and PHILIPPINE NATIONAL BANK, ordering the aforenamed defendants, to pay the plaintiff jointly and severally, the sum of ₱8,370,934 plus legal interest thereon …
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Islanders miss nickel's 'golden era' | Inquirer News
The two banks then created Nonoc Mining and Industrial Corp. (NMIC) and ceded the area to the company to protect the assets from deteriorating while waiting for investors and for the market ...
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Philippines pushes to end mining lawsuits to pave way …
Among the mining assets under litigation are the nickel mines of Nonoc Mining and Industrial Corp. in Surigao del Norte, the …
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Marinduque-Surigao Del Norte Nickel Deposit, Nonoc Island, Philippines
Cobalt mining deposit report for "Deposit #Usgs10069261" (#USGS10069261). ... with significant mining activities taking place on Nonoc Island. This region has played a crucial role in the nickel industry of the Philippines. Site identification and general characteristics. ... (corporation, agency, private) By Interest Relationship. Browse ...
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G.R. No. 167530
However, APT, as trustee of NONOC MINING AND INDUSTRIAL CORPORATION is directed to ensure compliance with this Decision. 24. DBP and PNB filed their respective appeals in the Court of Appeals. Both insisted that it was wrong for the RTC to pierce the veil of NMIC's corporate personality and hold DBP and PNB solidarily liable with NMIC. 25.
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Govt keen on privatizing, operating mining assets
In 1996, APT sold 22.5 million shares of stock of Nonoc Mining to Philnico Mining and Industrial Corp. (PMIC), now Philnico Industrial Corp. (PIC). The sale represented 90-percent ownership of ...
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INTERNATIONAL METALS TRADERS AID PHILNICO
A 60-day reprieve to meet the contract terms had lapsed on September 30, and major creditors of Nonoc, particularly Marc Rich & Co, F.E. Ag and Philipp Brothers Oceanic Inc, have since asked APT ...
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PNB vs Hydro
As a result of the foreclosure, DBP and PNB acquired substantially all the assets of MMIC and resumed the business operations of the defunct MMIC by organizing the Nonoc Mining and Industrial Corp. (NMIC). DBP and PNB owned 57% and 43% of the shares of NMIC, respectively, except for five qualifying shares.
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Gov't pushing to privatize mining assets to revive industry
According to the DOF, the PMO has identified several mining assets: the copper-gold project of the Maricalum Mining Corp. (Maricalum Mining) in Negros …
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Marinduque earns $22 million profit after 3 dry years extracting ores
The founder and chairman of Marinduque Mining & Industrial Corporation, the second largest corporation in the Philippines, says he works seven days a week from 8 a.m. to 6 or 7 p.m.
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MARICALUM MINING CORPORATION, Petitioner, vs. REMINGTON INDUSTRIAL
The complaint, docketed with the Regional Trial Court of Manila, Branch 19 (RTC) as Civil Case No. 84-25858, was amended four times to implead as co-defendants Philippine National Bank (PNB), Nonoc Mining and Industrial Corporation (Nonoc Mining), Development Bank of the Philippines (DBP), Asset Privatization Trust (APT), Island …
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G.R. No. 199420
The Petition in G.R. No. 199420 was filed by Philnico Industrial Corporation (PIC). It is a corporation duly organized under the laws of the Philippines and which, together withPhilnico Processing Corporation (PPC) and Pacific Nickel Philippines, Inc. (PNPI), form the Philnico Group. The Philnico Group is engaged in nickel mining and refining ...
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Mine output rises 36% to P49 billion in 3 months | Philstar
Metallic mineral production value reached P48.61 billion, 36.2 percent higher than the previous year. "Once again the bullish metal price during the period pushed the industry to this optimistic ...
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Surigao District (MRDS #60000606) FE, NI, CO
republic of the philippines bureau of mines and geo-sciences, 1980, nonoc nickel project of marinduque mining an-d industrial corporation, nonoc island, surigao city, in [repu-blic of the philippines] bureau of mines and geo-sciences, geo-logy and mineral resources of surigao del norte, report of inv-estigation no. 102, (sep.), p. 8-9. (g5, g13)
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PMO Mining Assets (as of 22 Sep 2020).pptx
NONOC MINING & INDUSTRIAL CORPORATION APT Disposition of Shares in NMIC: • Philnico Mining and Industrial Corporation - ₱14,905,855,832.00 - represents peso equivalent of the unpaid balance of US$263,762,000.00 purchase price of 22,500,000 shares of stock, representing 90% ownership, in Nonoc Mining and Industrial …
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DOF forming interagency team to review privatization of gov't mining
Nonoc Mining was acquired by the Development Bank of the Philippines and the Philippine National Bank in 1984 and turned over in 1987 to the then-Asset Privatization Trust. In 1996, APT sold 22.5. million shares of stock of Nonoc Mining to Philnico Mining and Industrial Corp., now Philnico Industrial Corp.
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DOF Forms Team to Make Mining Site Active Again
Among these idle mining sites include the copper-gold project of the Maricalum Mining Corp. in Negros Occidental, the nickel mines of the Nonoc Mining and Industrial Corp. (Nonoc Mining) in Surigao del Norte and the gold- and copper-rich North Davao Mining Property (North Davao Mining) in Davao del Norte.
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GMA orders restructuring of Philnico's $300-M debt
Philnico, formerly Nonoc Mining and Industrial Corp., is a nickel processing plant on Nonoc Island, Surigao City, which started operation in 1975 but was forced to cease operation in 1986 because ...
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Gov't to sell mining assets as mine sites reopen
Meanwhile, Nonoc Mining and Industrial Corp. is a nickel mine is Surigao island. It was reported in 2013 that diversified conglomerate San Miguel Corp. eyed to secure a controlling stake in the company. Basay Mining Corp., on the other hand, is a copper mine site partly owned by the government in Basay, Negros Oriental which …
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Privatization Office, Surigao City in dispute over Phinico assets
The local government of Surigao cannot sell the equipment turned over by Philnico Industrial Corp. in 1999, the Privatization and Management Office (PMO) said late Monday. The machines are part of a payment restructuring deal entered into by Philnico that covers government's share in Nonoc Mining and Industrial Corp. and thus cannot be …
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G.R. No. 108544
It appears that the United Lumber and General Workers of the Philippines (ULGWP) had a judgment of P10,660,264.09 against Marinduque Mining and Industrial Corporation (hereinafter referred to as Marinduque Mining) and Nonoc Mining and Industrial Corporation. 2 On April 25, 1992, Labor Arbiter Marissa Macaraig-Guillen …
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G.R. No. 214923
On May 2, 1997, Philnico entered into a Deed of Assignment with Pacific Nickel Philippines, Inc. (Pacific Nickel) and Nonoc Mining & Industrial Corporation (Nonoc Mining) where it assigned its mining rights to Pacific Nickel and its processing rights to Nonoc Mining, subject to the same terms and conditions under MPSA No. 072-97-XIII (SMR). [5]
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San Miguel eyes nickel refinery in Surigao
Rappler. San Miguel is either still talking or had entered into an agreement with the controlling owners of the mining firm behind Nonoc Refinery project …
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CLARIDEN HOLDINGS, INC.
Clariden s mining projects are: Nonoc Nickel Project Clariden, through its indirect beneficial ownership in Philnico Industrial Corporation ( PIC ), Pacific Nickel Philippines, Inc. ( PNPI ), and Philnico Processing Corp. ( PPC ), holds mining rights over an area of approximately 23,877 hectares located in the islands of Nonoc, Hanigad, and ...
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G.R. NO. 167530
WHEREFORE, in view of the foregoing, judgment is hereby rendered in favor of the plaintiff HYDRO RESOURCES CONTRACTORS CORPORATION and against the defendants NONOC. MINING AND INDUSTRIAL CORPORATION, DEVELOPMENT BANK OF THE PHILIPPINES and PHILIPPINE NATIONAL BANK, ordering the aforenamed defendants, …
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Where Does the Philippines Lie on the Nickel Mining Value Chain?
Photo credit: TVI-Agata's nickel DSO process To paraphrase a popular mining saying, "They are making a ton of money and the Philippines is not getting a nickel." The Philippines needs to maximize revenue from its nickel mining operations. Further up, the mining value chain presents more opportunities for the country to realize the …
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Privatization Office, Surigao City in dispute over Phinico assets
The local government of Surigao cannot sell the equipment turned over by Philnico Industrial Corp. in 1999, the Privatization and Management Office (PMO) said …
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San Miguel expansion binge extends to cement, mining
For mining, San Miguel is eyeing to acquire a controlling stake in Nonoc Mininc and Industrial Corp. that owns a nickel mine in Surigao. Ang said they have …
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(PDF) History of the Philippine Mining Industry-A
flooding caused by typhoons, production at the Nonoc Mining and Industrial Corporation' s Surigao Nickel Complex was halted in 1984 (Holden and Jacobson, 2012). However, people were lured to ...
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