The partnership leverages NAC’s expertise in nickel processing and exploration, alongside DMCI Mining’s construction and engineering capabilities.
Strategic alliance
Over the next two to three years, both companies will assess viable processing technologies, select an optimal site, and secure a stable nickel ore supply through joint exploration, pending regulatory approvals.
“Under the [memorandum of understanding, NAC will contribute its expertise in nickel processing technology and exploration, while DMCI Mining will provide new assets, along with its strength in construction and engineering,” the companies said in a joint statement.
Management’s view
“Despite the current oversupply of nickel globally, we remain confident in the sector's bright future, driven by the growing demand from the electric vehicle and stainless-steel markets. Establishing an economically viable nickel processing plant in the Philippines requires several factors to align, including clear government policy directions and regulations, but proactive preparation is crucial,” said Martin Antonio G. Zamora, President and CEO of NAC.
“With the significant nickel resources needed and complex logistical challenges to navigate, early planning is essential for long-term success,” he added.
“After extensive discussions, we are now ready to move forward with this strategic initiative. This project is more than just a business—it’s a step toward creating jobs and ensuring the sustainable use of our mineral resources. By laying the groundwork early, we can help position the Philippines as a key player in the global nickel supply chain,” said Tulsi Das C. Reyes, resident of DMCI Mining.
Boost to the economy, jobs
Beyond business, the project aims to maximize the use of low-grade nickel ore that is currently unsuitable for export. By processing it locally, the facility could create jobs, boost domestic industry, and position the Philippines as a stronger player in the global nickel supply chain.
As part of the agreement, NAC and DMCI Mining will also discuss the equity structure of a potential joint venture to develop and operate the plant.
