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Philippine High-Grade Nickel Ore Supplier to Suspend Mining in October

Metal News - Published on Tue, 13 Aug 2019

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SMM reported that the largest high-grade nickel ore supplier in the Philippines, SR Languyan Mining Corp, will stop mining in October, due to resource depletion.The miner, located in Tawi-Tawi, now can ship about 600,000 wmt of nickel ore in a month, with an average Ni grade of above 1.5%.Another mine nearby, Altawitawi Nickel Corp is also verging on resource exhaustion. It has stopped output of high-grade ore, and medium-grade tailings are its major products.

Resource depletion or degradation have been major concerns for mines in Tawi-Tawi, given the early start of exploitation.

The potential shutdown of SR Languyan, together with Indonesia’s tighter grips over raw ore exports, is set to tighten supplies of high-grade nickel ore and grow the possibility of a supply shortage.

The Philippines and Indonesia are major suppliers of nickel ore.

Nickel prices soared this week, on fears over the possibility that Indonesia could bring forward a ban on exports of unprocessed ore. A renewed export ban will likely create shortfalls in China.

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Posted By : Rabi Wangkhem on Tue, 13 Aug 2019
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