Global Ferronickel Holdings, Inc. Announced that its subsidiaries Platinum Group Metals Corporation (PGMC) and Ipilan Nickel Corporation (Ipilan) have signed annual sales and purchase agreements with Baosteel Resources International Limited.
Pagal the agreement, Baosteel will purchase up to 1.5 million wet tons (WMT) of nickel ore in 2024 at a price to be determined monthly based on prevailing market prices at the time of sale. About two-thirds of the nickel ore for sale is expected to be low-grade, with 0.90% nickel and 48% iron. Nickel ore grade is 1.30% to 1.40%, iron content is 15% to 25%. The remaining third will be medium grade, with nickel content of 1.40% and above and iron content of 12% to 23%. It will come from mines operated by FNI in North Surigao and Palawan.
Dante R. Bravo, President of FNI, said: "We are proud to partner and continue our long-term relationship with Baosteel." "Together, this agreement and our long history are a testament to our customers' confidence in our business and further recognition of our efforts in maintenance a reliable supply to meet the demand for Baosteel products throughout the Asia Pacific region and internationally. " Su beveik 10 metų iš partnerystės, mes tikime mūsų bendradarbiavimas is in line with FNI's misija to provide metalai ir mineralai būtina už žaliavą, daugiau tvarūs produktai for everyday life."
As of 2023, FNI's WMT shipments amounted to 4.763 million WMT, of which PGMC provided 3.297 million WMT and Ipilan provided 1.466 million WMT, with a total of 379,{000} WMT sold to Baosteel.
Baosteel Resources International Co., Ltd. is a visiškai valdoma dukterinė of China Baowu Iron and Steel Group. Engaged in mineral resources investment, trade, logistics services. In 2023, China Baowu Iron and Steel Group ranked among the Fortune Global 500 for 14 consecutive years, becoming the largest enterprise in the material industry and the 44th in the global revenue.
Apie Global Nickel Iron Holdings
Global Ferronickel Holdings, Inc. (PSE: FNI is a holding company whiche principal subsidiary is Platinum Group Metals Corporation, the second largest nickel ore producer in the Philippines. Mining assets in Cagdianao, Surigao del Norte and Brooke's Point, Palawan.
