MacroAsia’s wholly-owned subsidiary MacroAsia Mining Corp. said it secured a critical environmental compliance certificate last December for the Infanta Nickel project from the Mines and Geosciences Bureau.
The company is now in the process of securing the notice to proceed to start the mining operation, its latest annual report showed.
The Infanta Nickel project had operations in the 1970s with ore exports mostly going to Japan thanks to sales and purchase agreements with industrial giant Sumitomo Metal Mining Co. Ltd.
Low prices eventually forced its operations to end. However, MacroAsia noted that the original quarry and road network within the tenement still exists and is currently being maintained for future use.
In 2021, MMC signed an agreement with Calmia Nickel Inc., enabling exploration and mining in exchange for royalties, a major step toward the project's operational reboot.
The Infanta Nickel project covers an area of over 1,100 hectares. It has an estimated mine life of 10 years while mine production is estimated at 660,000 dry metric tons of ore per year.
Miguel R. Camus has been a reporter covering various domestic business topics since 2009.
