Nickel Asia units extend, renew output sharing deals - BusinessWorld Online

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Nickel Asia units extend, renew output sharing deals - BusinessWorld Online
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NICKEL Asia Corp. on Tuesday announced that its mining subsidiaries were granted extensions and renewals for their mineral production sharing agreements by the Department of Environment and Natural Resources (DENR). READ:

Nickel Asia wholly owned subsidiary Hinatuan Mining Corp. was granted an extension for its mineral production sharing agreement and was permitted to resume operations in Eastern Samar.

The order also lifted the suspension of Hinatuan Mining’s operations in a 1,165-hectare area in Manicani Island in Guiuan, Eastern Samar. “East Coast Mineral Resources authorized Cagdianao Mining to undertake mineral exploration, development, and utilization activities,” Nickel Asia said in a disclosure on Tuesday.

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