Tag: Economy

Business

Palawan Mining Firms: Nickel Asia purchase shares from Coral Bay Nickel

Nickel Asia Corporation (NAC), who is the Philippines’ largest producer of lateritic nickel ore and one of the largest in the world have bought a total of 33.05 million common shares of Coral Bay Nickel Corp. (CBNC) for $25.93 million (P1.530 Billion) in an announcement last April 3, 2022. Coral Bay Nickel Corp. is also one of the world’s largest producer of Nickel and Cobalt … Continue reading Palawan Mining Firms: Nickel Asia purchase shares from Coral Bay Nickel

YourPalawanLeave a comment
Business

Malampaya is set to be acquired by Razon-owned Prime Infra

Malampaya deepwater project located in Northwest offshore of Palawan in the West Philippine Sea will be soon be acquired by Prime Infrastructure Capital Inc. which is owned by ports tycoon Enrique Razon Jr.  According to the Department of Energy, Malampaya supplies up to 20% of the total electricity requirement of Luzon and a vital part of the energy requirement of the largest island of the … Continue reading Malampaya is set to be acquired by Razon-owned Prime Infra

YourPalawanLeave a comment