DMCI Mining Corp. and Nickel Asia Corp. (NAC) announced on Wednesday that they are considering establishing a new nickel processing plant in the Philippines.
The announcement follows the signing of a memorandum of understanding (MOU) between the two companies on Tuesday. The agreement sets the stage for a feasibility study on the development and operation of a nickel processing facility.
The proposed plant aims to process low-grade nickel ore, which is currently not viable for export. This initiative seeks to maximize the country’s natural resources, attract new investments, create jobs, and strengthen the local mineral processing industry.
“After extensive discussions, we are now ready to move forward with this strategic initiative,” DMCI Mining President Tulsi Das Reyes stated. “This project is more than just a business venture—it’s a step toward job creation and the sustainable utilization of our mineral resources.”
Reyes emphasized that early groundwork is essential in positioning the Philippines as a key player in the global nickel supply chain.
Meanwhile, NAC President Martin Antonio Zamora highlighted the rising demand for nickel, driven by electric vehicle manufacturers and stainless steel producers, as a key factor in the sector’s growth.
“Establishing a financially viable nickel processing plant in the Philippines requires various factors to align, including clear government policies and regulatory support. However, proactive preparation is critical,” Zamora said. “With significant nickel resources available and complex logistical challenges ahead, early planning is necessary for long-term success.”
Under the MOU, NAC will contribute its expertise in nickel processing technology and exploration, while DMCI Mining will provide new assets, leveraging its strengths in construction and engineering.
The feasibility study is expected to take two to three years, focusing on evaluating suitable processing technologies, selecting an optimal site for the facility, and securing a stable supply of nickel ore through joint exploration, subject to necessary permit approvals.