Topic

Nickel Asia

Nickel Asia Corp. is a major Philippine mining company that recently reported a 148% surge in first-quarter profits, driven by higher ore prices and a one-time gain from the sale of a stake in Coral Bay Nickel Corp. The company is also involved in ongoing controversies, including allegations of risky investments linked to the Government Service Insurance System's (GSIS) reported P8.8 billion losses.

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This is an AI-generated summary based on recent coverage. It was last updated on Tue, October 28, 2025 at 8:09 PM

Latest Stories

Recent developments on Nickel Asia

Mon, October 27, 2025 at 5:33 PM

Makabayan, de Lima seek probe into GSIS P8.8B losses

Makabayan lawmakers filed House Resolution 415 and Rep. Leila de Lima filed House Resolution 414, both seeking a congressional investigation into the Government Service Insurance System's (GSIS) alleged P8.8 billion in losses from risky transactions.

Wed, October 15, 2025 at 8:49 PM

DOE irrevocably terminates MGPC's geothermal contract over delays

The Department of Energy (DoE) has officially and irrevocably terminated the geothermal renewable energy service contract of Mindoro Geothermal Power Corp. (MGPC), a subsidiary of Nickel Asia Corp., due to long delays and lack of progress on the Montelago Geothermal Power Project in Oriental Mindoro.

Thu, May 8, 2025 at 7:39 PM

Nickel Asia profit surges 148% in Q1

Nickel Asia Corp. (NAC) reported a significant 148% increase in its net income for the first quarter, reaching P501 million, up from P202.38 million in the previous year.

Mon, April 7, 2025 at 5:38 PM

EPI partners with MECO to supply clean energy

Emerging Power Inc. (EPI), the renewable energy unit of Nickel Asia Corp., has partnered with Mabuhay Energy Corp. (MECO) to supply clean energy.

Fri, March 7, 2025 at 2:22 PM

Emerging Power secures P5.175B loan for Zambales solar project

Emerging Power Inc. (EPI), the renewable energy subsidiary of Nickel Asia Corp. (NAC), secured a ₱5.175 billion loan from Rizal Commercial Banking Corp. (RCBC) for its 145-megawatt (MW) Cawag solar power project in Zambales.

Thu, March 6, 2025 at 1:38 PM

Nickel Asia, DMCI Mining venture to boost PH mineral value chain

The joint venture between Nickel Asia Corporation and DMCI Mining Corporation to develop a nickel processing plant in the Philippines is seen as a significant step in enhancing the country's mineral value chain.

Wed, March 5, 2025 at 12:38 PM

DMCI Mining, Nickel Asia ink deal for nickel processing plant

DMCI Mining Corp. and Nickel Asia Corp. (NAC) have signed a Memorandum of Understanding (MOU) to collaboratively develop a nickel processing plant in the Philippines.

Tue, February 11, 2025 at 4:21 PM

Nickel industry urges Senate to rethink raw mineral export ban

The Philippine Nickel Industry Association (PNIA) is urging the Senate to reconsider a proposed five-year ban on raw mineral exports, arguing it will disproportionately harm small-scale miners and damage the Philippines' standing in global value chains.

Mon, February 3, 2025 at 12:01 AM

Chinabank shares surge ahead of PSEi re-inclusion

Shares of China Banking Corp. (Chinabank) surged in anticipation of its re-inclusion into the Philippine Stock Exchange index (PSEi) starting February 3.

Sun, January 26, 2025 at 9:00 PM

PSEi drops to 7-month low amid investor caution

The Philippine Stock Exchange index (PSEi) closed at 6,153.47 on Tuesday, January 28, 2025, marking its lowest point in seven months and extending a losing streak to three consecutive trading sessions.