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Sumitomo Begins Development Of $1.3 Bln Philippine Nickel Refinery

Jinchuan Revives Talks Over Nonoc Nickel Mines -Industry Group

MANILA, Sep.&nbsp;4 -- Sumitomo Metal Mining Co. (5713.TO) has begun developing a $1.3 billion nickel refinery in the southern Philippines, an executive at the Japanese company's local unit said Tuesday.
The facility, which will have an output capacity of 30,000 metric tons a year and be located in Surigao del Norte province, is projected to begin commercial operation by August 2013, according to Arturo Manto, vice president for environment of Coral Nickel Corp., a local unit of Sumitomo that already operates a nickel refinery in the Philippines.
Manto said on the sidelines of a mining conference that the decision to develop the new refinery was prompted by improving demand for nickel as the global economy recovers.
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Sumitomo Begins Development Of $1.3 Bln Philippine Nickel Refinery_SMM | Shanghai Nonferrous Metals

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