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Marcventures Holdings Inc Plans to Built Nickel Processing Plant

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Marcventures Holdings Inc, one of the nickel miners in the Philippines, said that they have negotiated with potential Chinese partners to build a nickel processing plant by using iron ore extraction blast furnace. "I have negotiated with two or three major Chinese companies and they may be partners in the Philippines' nickel processing plant adopting ferronickel production process," said Isidro Alcantara, president of Marcventures, in an interview with the ABS-CBN news channel in the Philippines.

"Chinese companies have visited our mines and they have already considered the possibility to cooperate, and we have even taken into account the additional items that we need to supply nickel for the next 15 to 20 years. Due to the introduction of a different technology from China, Marcventures may build a processing plant in Surigao province at a cost of less than $ 1.7 billion " Alcantara said.

Taganito processing plant using high-pressure acid leaching process nickel ore processing. Alcantara said that Marcventures hopes to start shipping processed nickel to China and Japan in 2018.

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