NAC said it shipped out 10.4 million wet metric tons (WMT) of nickel ore this season, topping not just the 8.3 million WMT recorded this year but all performances rolling around in its history.
From the total level of ore shipped, NAC said 3.4 million WMT was saprolite ore while 7 million was limonite ore.
The shipments originated from NAC's four nickel mines what are Rio Tuba mine in Palawan, Taganito mine and Hinatuan mine in Surigao del Norte as well as the Cagdianao mine in Dinagat Islands. [gold plant for mining crushing]
The estimated worth of its nickel ore shipments were pegged at P12.1 billion a year ago, 51% higher than the P8 billion really.
"The increase in shipments was mainly because of the robust demand for laterite ore by nickel pig-iron producers in China," the firm said.
NAC asserted to date, it's entered into contracts with some other customers for the delivery of 8.9 million WMT of ores with this year.
NAC has concluded price negotiations with [iron ore beneficiation plant] Japanese customers Pacific Metals Co. Ltd. and Sumitomo Metal Mining Co. Ltd. to the sale of high and medium grade saprolite ore. []
Pursuing the negotiations, NAC said it sees the share of payable nickel inside the ore to rise by typically 20% for the 2% nickel grade and 40% for that 1.8% nickel grade if your average expense of the metal would cover anything from $8 to $10 per pound.
"For 2012, our estimated volume of ore shipments to both customers should be approximately 1.3 million WMT," it said.
It noted that recently, the volume of shipments to both firms reached 832,000 WMT.
NAC stated it also signed a deal with Mitsubishi Corp. (Shanghai) Ltd. to the sale of around 800,000 WMT of saprolite and limonite ore in 2012, that will be beneficial for the firm's marketing strategy in China. [Crusher in China]
"The company also promises to sell an additional 1.5 million WMT of ore of assorted grades through spot sales," it said further.
From the total level of ore shipped, NAC said 3.4 million WMT was saprolite ore while 7 million was limonite ore.
The shipments originated from NAC's four nickel mines what are Rio Tuba mine in Palawan, Taganito mine and Hinatuan mine in Surigao del Norte as well as the Cagdianao mine in Dinagat Islands. [gold plant for mining crushing]
The estimated worth of its nickel ore shipments were pegged at P12.1 billion a year ago, 51% higher than the P8 billion really.
"The increase in shipments was mainly because of the robust demand for laterite ore by nickel pig-iron producers in China," the firm said.
NAC asserted to date, it's entered into contracts with some other customers for the delivery of 8.9 million WMT of ores with this year.
NAC has concluded price negotiations with [iron ore beneficiation plant] Japanese customers Pacific Metals Co. Ltd. and Sumitomo Metal Mining Co. Ltd. to the sale of high and medium grade saprolite ore. []
Pursuing the negotiations, NAC said it sees the share of payable nickel inside the ore to rise by typically 20% for the 2% nickel grade and 40% for that 1.8% nickel grade if your average expense of the metal would cover anything from $8 to $10 per pound.
"For 2012, our estimated volume of ore shipments to both customers should be approximately 1.3 million WMT," it said.
It noted that recently, the volume of shipments to both firms reached 832,000 WMT.
NAC stated it also signed a deal with Mitsubishi Corp. (Shanghai) Ltd. to the sale of around 800,000 WMT of saprolite and limonite ore in 2012, that will be beneficial for the firm's marketing strategy in China. [Crusher in China]
"The company also promises to sell an additional 1.5 million WMT of ore of assorted grades through spot sales," it said further.
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