Marcventures ships nickel
Marcventures Holdings Inc. said Tuesday its wholly owned subsidiary had completed its first shipment of high-grade nickel ore from its mine in Surigao del Sur.
In a disclosure to the Phillippine Stock Exchange, the holding company said Marcventures Mining and Development Corp. shipped the nickel ore to China.
Marcventures Holdings Inc. assistant corporate secretary Ana A. Katigbak said MMDC shipped about 55,600 wet metric tons (wmt) of nickel ore.
The shipment had a preliminary minimum grade estimate of 1.80 percent nickel. It was sent to Zhanjiang Port, China, from MMDC’s causeway in Carrascal, Surigao del Sur.
M/V Valerie was the vessel that took on the load on Aug. 20, 2011, Katigbak said.
The shipment was said to be sold to a company that belongs to China’s top 500 corporations for $54 per wmt.
