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Philippines

Hinatuan Mine

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Hinatuan Mine

Location: 25 km E from Surigao, Philippines

Address:

NAC SLO Building, Km 3, National Highway
Surigao City
Philippines
8400

Contacts:

Additional Resources for Suppliers & Investors

Categories

Summary

Mine TypeOpen Pit
StatusActive
Commodities
  • Nickel
  • Saprolite
  • Limonite
  • Iron Ore
Mining Method
  • Truck & Shovel / Loader
Production Start... Lock
Mine Life... Lock
SnapshotThe Taganaan (Hinatuan) mine produces direct shipping saprolite ore and limonite ore.

Based on the revised life-of-mine plan, the mine life of the Taganaan mine is expected to last until 2026. Recent market price improvements allowed HMC to dispose of lower-grade materials that were previously considered non-marketable at a profit, effectively extending the mine’s life. Moreover, review of HMC’s mineral reserves modifying factors allowed for adjustments to the site’s mine production plans which yielded increases in the total mineable reserves. Additional studies regarding the feasibility of shipping out lower-grade ores, as initiated by the Group, are also underway and could potentially further lengthen the mine’s life if proven to be feasible.

Owners

SourceSource
CompanyInterestOwnership
Nickel Asia Corp. 100 % Indirect
Hinatuan Mining Corp. (operator) 100 % Direct
Hinatuan Mining Corp. was incorporated on October 9, 1979 and was granted rights over the Taganaan property (also known Hinatuan mine site) in 1980.

Hinatuan Mining Corp. is a 100% owned subsidiary of the Nickel Asia and is primarily engaged in the exploration, mining and exporting of nickel ore.

SourceSource

Deposit type

  • Laterite

Summary:

Nickeliferous laterite deposit is very pervasive throughout Dinagat Island being the direct weathering product of the ultramafic fraction of the DOC. Several nickel prospects and mines abound within the island group.

As a consequence the whole of Dinagat Island is covered by various mining and exploration permit applications. Besides PNPI which has the largest nickel operation in Dinagat historically, the adjacent island of Hinatuan hosts the Hinatuan Nickel Mining Corporations nickel operation and the Cagdianao Nickel Mining Corporation operates a property in eastern Dinagat Island which is along the Peninsula Point facing the Pacific Ocean. Both companies are under the umbrella corporation of Nickel Asia Corporation. North and east of Loreto are the MPSAs of Comet Exploration and Mining Corporation and Oriental Peninsula Corporation.

Reserves

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Mining Methods

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Heavy Mobile Equipment

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Comminution

Crushers and Mills

Milling equipment has not been reported.

Processing

Summary:

Commodity Production

CommodityUnits20232022202120202019201820172016
Saprolite wmt  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe1,159,2592,450,4012,077,0481,209,050
Limonite wmt  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe1,436,458344,787349,1751,742,529
All production numbers are expressed as ore.

Operational metrics

Metrics202320222021202020192018201720162015
Ore tonnes mined  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe2,595,717 wmt2,795,188 wmt2,426,223 wmt2,951,579 wmt3,362,550 wmt
Waste  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe2,171,417 wmt1,390,882 wmt784,760 wmt1,153,294 wmt
Total tonnes mined  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe4,767,134 wmt

Production Costs

Commodity production costs have not been reported.

Mine Financials

Units202320222021202020192018
Capital expenditures M PHP  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 0.1   0.2  
Revenue M PHP  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 1.7   3.3  
Operating Income M PHP  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 0.5   1.1  
After-tax Income M PHP  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 0.3   0.7  

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Aug 23, 2024
....................... Subscription required ....................... Subscription required Subscription required Aug 23, 2024

Workforce

EmployeesContractorsTotal WorkforceYear
...... Subscription required ...... Subscription required ...... Subscription required 2023
...... Subscription required 2022
...... Subscription required 2021
...... Subscription required 2020
...... Subscription required ...... Subscription required ...... Subscription required 2019

Aerial view:

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