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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
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [1] => Array
                (
                    [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
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [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
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [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
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 275359
                    [Title] => RP to ask China to extend $5-B loan to fund infra projects
                    [Summary] => The Philippines is  planning to ask China to extend a $5-billion loan/assistance to fund various infrastructure projects to be determined by the National Economic and Development Authority (NEDA).


The loan request is expected be made during the three-day visit to the country of Chinese President Hu Jin Tao who arrives today.


The loan/assistance would be on top of several other bilateral and commercial loan agreements that are scheduled to be signed during the visit of President Hu Jin Tao.


                    [DatePublished] => 2005-04-26 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 274748
                    [Title] => RP, China seen to sign 10 bilateral pacts
                    [Summary] => The Philippines and China are expected to sign at least 10 bilateral agreements and six commercial agreements worth about $1 billion during the visit of Chinese President Hu JinTao at the end of this month.


According to Ambassador Jose Antonio, special envoy to the People’s Republic of China, the 10 bilateral agreements and six commercial agreements represents "the first wave of Chinese investments in the country."


                    [DatePublished] => 2005-04-21 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [6] => Array
                (
                    [ArticleID] => 203779
                    [Title] => Japan’s Marubeni eyes Atlas Mining
                    [Summary] => Japanese trading firm Marubeni Corp.  is  interested to acquire Atlas Consolidated Mining and Development Corp. 


This was announced recently by Marubeni Philippines Corp. president Ryukichi Kawaguchi who said that  Marubeni is interested in investing in copper mining projects in the Philippines.


He pointed out that the Philippines has the world’s fifth largest copper resources. Atlas was formerly one of the world’s bigger copper producers.


"Marubeni is looking at several Filipino copper mining firms," Kawaguchi said.


                    [DatePublished] => 2003-04-26 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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)

PHILIPPINE NICKEL CO

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    [results] => Array
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            [0] => Array
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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
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
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                )

            [1] => Array
                (
                    [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
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [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
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [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
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 275359
                    [Title] => RP to ask China to extend $5-B loan to fund infra projects
                    [Summary] => The Philippines is  planning to ask China to extend a $5-billion loan/assistance to fund various infrastructure projects to be determined by the National Economic and Development Authority (NEDA).


The loan request is expected be made during the three-day visit to the country of Chinese President Hu Jin Tao who arrives today.


The loan/assistance would be on top of several other bilateral and commercial loan agreements that are scheduled to be signed during the visit of President Hu Jin Tao.


                    [DatePublished] => 2005-04-26 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 274748
                    [Title] => RP, China seen to sign 10 bilateral pacts
                    [Summary] => The Philippines and China are expected to sign at least 10 bilateral agreements and six commercial agreements worth about $1 billion during the visit of Chinese President Hu JinTao at the end of this month.


According to Ambassador Jose Antonio, special envoy to the People’s Republic of China, the 10 bilateral agreements and six commercial agreements represents "the first wave of Chinese investments in the country."


                    [DatePublished] => 2005-04-21 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [6] => Array
                (
                    [ArticleID] => 203779
                    [Title] => Japan’s Marubeni eyes Atlas Mining
                    [Summary] => Japanese trading firm Marubeni Corp.  is  interested to acquire Atlas Consolidated Mining and Development Corp. 


This was announced recently by Marubeni Philippines Corp. president Ryukichi Kawaguchi who said that  Marubeni is interested in investing in copper mining projects in the Philippines.


He pointed out that the Philippines has the world’s fifth largest copper resources. Atlas was formerly one of the world’s bigger copper producers.


"Marubeni is looking at several Filipino copper mining firms," Kawaguchi said.


                    [DatePublished] => 2003-04-26 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

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

RP to ask China to extend $5-B loan to fund infra projects

By Marianne V. Go | April 26, 2005 - 12:00am

The Philippines is planning to ask China to extend a $5-billion loan/assistance to fund various infrastructure projects to be determined by the National Economic and Development Authority (NEDA). The loan request...

Business

RP, China seen to sign 10 bilateral pacts

April 21, 2005 - 12:00am

The Philippines and China are expected to sign at least 10 bilateral agreements and six commercial agreements worth about $1 billion during the visit of Chinese President Hu JinTao at the end of this month. According...

Business

Japan’s Marubeni eyes Atlas Mining

By Marianne V. Go | April 26, 2003 - 12:00am

Japanese trading firm Marubeni Corp. is interested to acquire Atlas Consolidated Mining and Development Corp. This was announced recently by Marubeni Philippines Corp. president Ryukichi Kawaguchi who said that...

Business