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Home / Metal News / Jinchuan Executive Confirms Philippine Mining Investment Plan

Jinchuan Executive Confirms Philippine Mining Investment Plan

iconSep 16, 2010 00:00
Source:上海有色金属网

MANILA, Sep. 16 --,An executive at China's Jinchuan Group Ltd. said Wednesday that the company plans to develop the Nonoc nickel mine in the southern Philippines, including building a nickel refinery.

"We have agreed on the key points of investment," Jinchuan Vice President Bao Guo Zhong told reporters at the sidelines of a Philippine mining conference.

He didn't provide financial details of the planned investment.

Chamber of Mines of the Philippines President Philip Romualdez said Tuesday that Jinchuan is close to sealing a deal to develop Nonoc, which could be worth between $1.2 billion and $1.5 billion.

 

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