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                    [ArticleID] => 370892
                    [Title] => Philnico agrees to pay initial $45M for Nonoc
                    [Summary] => 



Philippine Nickel Co. (Philnico) has agreed to pay an initial $45 million for the Nonoc nickel mine, a move that would bring the Chinese mining giant, Jinchuan Non-Ferrous Metals Corp. (Jinchuan) closer to its $1-billion investment in the country.


Sources privy to ongoing negotiations disclosed that the $45-million bond would be in partial payment for the $300 million that Philnico still owed the government for the Nonoc mine.


                    [DatePublished] => 2006-11-24 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
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                    [ArticleID] => 369794
                    [Title] => Chinese nickel giant Jinchuan set to take over Nonoc mine
                    [Summary] => 



Chinese nickel giant Jinchuan Non-Ferrous Metals Corp. is one step closer to taking over the Philippine Nickel Co., a venture expected to bring at least $1 billion in fresh investments into the mining industry.


The consortium, led by the Jinchuan group, signed a memorandum of understanding (MOU) with the government as well as Philnico, paving the way for the take-over of the nickel mine on Nonoc Island in Surigao.


                    [DatePublished] => 2006-11-20 00:00:00
                    [ColumnID] => 133272
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                    [ArticleID] => 365012
                    [Title] => Government eyes equity in Nonoc mine
                    [Summary] => 



Instead of being paid cash, the government said it has opted to own equity in the Nonoc nickel mine once the Chinese giant Jinchuan Non-Ferrous Metals Corp takes over Philippine Nickel Co. (Philnico).


The Jinchuan group had entered into a memorandum of understanding in 2005, signifying its intention to invest at least $1 billion on the development of the mine provided the government settles its dispute with Philnico.


                    [DatePublished] => 2006-10-25 00:00:00
                    [ColumnID] => 133272
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                    [ArticleID] => 345517
                    [Title] => RP invites China’s Jinchuan to take over Philnico
                    [Summary] => The government has made a formal proposal to Chinese nickel giant, Jinchuan Non-Ferrous Metals Corp. for its take over of the nickel mines of Philippine Nickel Co. (Philnico).


Officials declined to disclosed the details but Finance Secretary Margarito B. Teves said the government has reached a settlement with Philnico which allowed it to present a formal proposal to Jinchuan which, if accepted, would facilitate some $1-billion worth of direct investments from the Chinese company.


                    [DatePublished] => 2006-07-05 00:00:00
                    [ColumnID] => 133272
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                    [AuthorName] =>  Des  Ferriols
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            [4] => Array
                (
                    [ArticleID] => 343418
                    [Title] => Chinese nickel mining giant to resume talks on Philnico takeover bid
                    [Summary] => Officials of the Chinese nickel mining giant, Jinchuan Non-Ferrous Metals Corp are scheduled to arrive in the country next week to resume talks with Philippine officials about their bid to take over Philippine Nickel Corp. (Philnico).


Nearly two years after signing a memorandum of understanding with the government for a $2-billion investment in the country’s mining industry, Jinchuan will meet with privatization officials to thresh out the terms of the investment.


                    [DatePublished] => 2006-06-23 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1096655
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JINCHUAN NON-FERROUS METALS CORP

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                    [ArticleID] => 370892
                    [Title] => Philnico agrees to pay initial $45M for Nonoc
                    [Summary] => 



Philippine Nickel Co. (Philnico) has agreed to pay an initial $45 million for the Nonoc nickel mine, a move that would bring the Chinese mining giant, Jinchuan Non-Ferrous Metals Corp. (Jinchuan) closer to its $1-billion investment in the country.


Sources privy to ongoing negotiations disclosed that the $45-million bond would be in partial payment for the $300 million that Philnico still owed the government for the Nonoc mine.


                    [DatePublished] => 2006-11-24 00:00:00
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                    [ArticleID] => 369794
                    [Title] => Chinese nickel giant Jinchuan set to take over Nonoc mine
                    [Summary] => 



Chinese nickel giant Jinchuan Non-Ferrous Metals Corp. is one step closer to taking over the Philippine Nickel Co., a venture expected to bring at least $1 billion in fresh investments into the mining industry.


The consortium, led by the Jinchuan group, signed a memorandum of understanding (MOU) with the government as well as Philnico, paving the way for the take-over of the nickel mine on Nonoc Island in Surigao.


                    [DatePublished] => 2006-11-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
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                )

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                (
                    [ArticleID] => 365012
                    [Title] => Government eyes equity in Nonoc mine
                    [Summary] => 



Instead of being paid cash, the government said it has opted to own equity in the Nonoc nickel mine once the Chinese giant Jinchuan Non-Ferrous Metals Corp takes over Philippine Nickel Co. (Philnico).


The Jinchuan group had entered into a memorandum of understanding in 2005, signifying its intention to invest at least $1 billion on the development of the mine provided the government settles its dispute with Philnico.


                    [DatePublished] => 2006-10-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
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                )

            [3] => Array
                (
                    [ArticleID] => 345517
                    [Title] => RP invites China’s Jinchuan to take over Philnico
                    [Summary] => The government has made a formal proposal to Chinese nickel giant, Jinchuan Non-Ferrous Metals Corp. for its take over of the nickel mines of Philippine Nickel Co. (Philnico).


Officials declined to disclosed the details but Finance Secretary Margarito B. Teves said the government has reached a settlement with Philnico which allowed it to present a formal proposal to Jinchuan which, if accepted, would facilitate some $1-billion worth of direct investments from the Chinese company.


                    [DatePublished] => 2006-07-05 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
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                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 343418
                    [Title] => Chinese nickel mining giant to resume talks on Philnico takeover bid
                    [Summary] => Officials of the Chinese nickel mining giant, Jinchuan Non-Ferrous Metals Corp are scheduled to arrive in the country next week to resume talks with Philippine officials about their bid to take over Philippine Nickel Corp. (Philnico).


Nearly two years after signing a memorandum of understanding with the government for a $2-billion investment in the country’s mining industry, Jinchuan will meet with privatization officials to thresh out the terms of the investment.


                    [DatePublished] => 2006-06-23 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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)

abtest

Philnico agrees to pay initial $45M for Nonoc

By Des Ferriols | November 24, 2006 - 12:00am

Philippine Nickel Co. (Philnico) has agreed to pay an initial $45 million for the Nonoc nickel mine, a move that would bring the Chinese mining giant, Jinchuan Non-Ferrous Metals Corp. (Jinchuan) closer to...

Business

Chinese nickel giant Jinchuan set to take over Nonoc mine

By Des Ferriols | November 20, 2006 - 12:00am

Chinese nickel giant Jinchuan Non-Ferrous Metals Corp. is one step closer to taking over the Philippine Nickel Co., a venture expected to bring at least $1 billion in fresh investments into the mining industry. The...

Business

Government eyes equity in Nonoc mine

By Des Ferriols | October 25, 2006 - 12:00am

Instead of being paid cash, the government said it has opted to own equity in the Nonoc nickel mine once the Chinese giant Jinchuan Non-Ferrous Metals Corp takes over Philippine Nickel Co. (Philnico). The...

Business

RP invites China’s Jinchuan to take over Philnico

By Des Ferriols | July 5, 2006 - 12:00am

The government has made a formal proposal to Chinese nickel giant, Jinchuan Non-Ferrous Metals Corp. for its take over of the nickel mines of Philippine Nickel Co. (Philnico). Officials declined to disclosed the...

Business

Chinese nickel mining giant to resume talks on Philnico takeover bid

By Des Ferriols | June 23, 2006 - 12:00am

Officials of the Chinese nickel mining giant, Jinchuan Non-Ferrous Metals Corp are scheduled to arrive in the country next week to resume talks with Philippine officials about their bid to take over Philippine Nickel...

Business