This is an AI-generated summary based on recent coverage. It was last updated on Fri, October 17, 2025 at 10:08 AM
Recent developments on Nickel Asia
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.
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.
Emerging Power Inc. (EPI), the renewable energy unit of Nickel Asia Corp., has partnered with Mabuhay Energy Corp. (MECO) to supply clean energy.
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.
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.
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.
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.
Shares of China Banking Corp. (Chinabank) surged in anticipation of its re-inclusion into the Philippine Stock Exchange index (PSEi) starting February 3.
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.
AREIT, Inc. and China Banking Corporation (CBC) will be included in the Philippine Stock Exchange Index (PSEi) starting February 3.