| Nickel Asia Corporation | |
| Type: | Public |
| Traded As: | [1] |
| Founders: | Manuel B. Zamora Jr. |
| Location: | NAC Tower, Bonifacio Global City, Taguig, Metro Manila |
| Key People: |
|
| Industry: | Mining and Oil |
| Num Employees: | 2,000 |
| Subsid: | Rio Tuba Nickel Mining CorporationTaganito Mining CorporationCagdianao Mining CorporationHinatuan Mining Corporation- TaganaanEmerging Power, Inc.Dinapigue Mining Corporation |
| Homepage: | www.nickelasia.com |
Nickel Asia Corporation (NAC) is a diversified natural resources development company in the Philippines, comprising six operating and two exploratory mines and interests in the country's only two high-pressure acid leach (HPAL) plants and in a renewable energy subsidiary.
NAC operational history traces its roots to 1968 when a geologist was sent to evaluate a deforested area in Rio Tuba, Bataraza town, at the southernmost area of Palawan Island. Soil samples were sent back to Manila for testing to reveal what at that time was arguably the largest known deposit of lateritic nickel ore in southeast Asia. Today, NAC combined mining operations produce the largest volume of lateritic nickel ore in the country and is one of the largest in the world, and over time, NAC expanded to renewable sources of energy.https://nickelasia.com/about-us
Nickel Asia Corporation (NAC) produces two types of nickel ore - saprolite ore and limonite ore. The company's saprolite ore comes in two varieties: high-grade and mid-grade. NAC's limonite ore is categorized as either high-iron or low-grade. The high-grade saprolite ore is primarily sold to Pacific Metals Co., Ltd. (PAMCO), which uses the material as feed for its ferronickel smelter. The mid-grade saprolite ore is sold to Japanese and Chinese clients, with the Chinese customers using it as feed for electric furnaces to produce high- and medium-grade nickel pig iron (NPI). Additionally, NAC's high-iron limonite ore is sold to Chinese customers, who use it as feed for blast furnaces to produce low-grade NPI. Lastly, the low-grade limonite ore is utilized as feed for the Taganito and Coral Bay processing plants.
In addition to its nickel mining operations, Nickel Asia Corporation (NAC) is also engaged in the development of renewable energy sources through its subsidiary, Emerging Power Inc. In July 2022, NAC signed a joint venture agreement with Shell Investments B.V. to jointly develop, own, operate, and maintain onshore renewable energy projects in the Philippines. The joint venture company, called Green Light Holdings, Inc., will serve as the exclusive platform for creating utility-scale, grid-connected solar PV, onshore wind, and energy storage systems.
Through these renewable energy initiatives, NAC is diversifying its business and contributing to the Philippines' transition towards a more sustainable energy mix.