Source:
TAGANITO MINING CORPORATION (“TMC”) was registered with the Philippine Securities and Exchange Commission (SEC) on March 04, 1987, and is primarily engaged in the mining and exporting of nickel saprolite and limonite ore, and exploration activities. The Company is 65% owned by NICKEL ASIA CORPORATION. The other stockholders are PACIFIC METALS CO. LTD. (33.5%) And SOJITZ CORPORATION (1.5%). TMC’s registered office address is 4th Floor, NAC Centre (formerly BMMC Building), 143 Dela Rosa corner Adelantado Streets, Legaspi Village, Makati City.
Summary:
Our Taganito operations in Claver, Surigao del Norte, on the other hand, supply all of the limonite ore requirements to Taganito HPAL Nickel Corporation (THPAL).
Surigao del Norte has abundant metallic and nonmetallic deposits. The metallic minerals include large reserves of nickel-cobalt, chromite, gold, lead-zinc and copper. Non-metallic minerals include limestone, shale, coal, sand and gravel.
Summary:
This is the country’s second hydrometallurgical nickel processing plant that was built at a cost of US$1.7 billion and is on its fourth year of operations. It operates at full capacity of 30,000 tonnes of contained nickel and 1,500 tonnes of contained cobalt per year. NAC has a 10% equity interest in THPAL.
Reserves at December 1, 2018:
| Category | Tonnage | Commodity | Grade | Contained Metal |
|
Proven & Probable
|
53,030 kwmt
|
Nickel
|
1.48 %
|
547 kt
|
|
Proven & Probable
|
108,933 kwmt
|
Nickel
|
1.06 %
|
774 kt
|
|
Proven & Probable
|
53,030 kwmt
|
Iron
|
10.18 %
|
|
|
Proven & Probable
|
108,933 kwmt
|
Iron
|
45.7 %
|
|
|
Measured & Indicated
|
53,030 kwmt
|
Nickel
|
1.65 %
|
610 kt
|
|
Measured & Indicated
|
108,933 kwmt
|
Nickel
|
1.06 %
|
774 kt
|
|
Measured & Indicated
|
53,030 kwmt
|
Iron
|
10.18 %
|
|
|
Measured & Indicated
|
108,933 kwmt
|
Iron
|
45.7 %
|
|
|
Inferred
|
3,607 kwmt
|
Nickel
|
1.56 %
|
39 kt
|
|
Inferred
|
3,607 kwmt
|
Iron
|
11.88 %
|
|
Corporate Filings & Presentations:
| Document | Year |
...................................
|
2018
|
|
...................................
|
2018
|
|
...................................
|
2016
|
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