Nickel Asia Corp. (NAC) the country’s largest nickel ore producer, is looking at investment opportunities overseas.
NAC president and chief executive Dennis Zamora said in an interview at the sidelines of the Shareholders Association of the Philippines’ 3rd general membership meeting the company is exploring potential investments overseas.
“We have some interesting opportunities in the mining space, but we can’t disclose anything at the moment. We are in discussion with some investment opportunities,” Zamora said.
“It has to be the right opportunity and the right partner. Those two things need to meet,” Zamora said.
NAC owns five mines in the Philippines which are being operated by its subsidiaries: Rio Tuba in Palawan operated by Rio Tuba Nickel Mining Corp.; the Taganito mine operated by Taganito Mining Corp. and the Tagana-an mine operated by Hinatuan Mining Corp., both in Surigao del Norte; the Cagdianao mine in Dinagat Islands operated by Cagdianao Mining Corp.; and the Dinapigue mine in Isabela operated by Dinapigue Mining Corp.
It also has other properties in various stages of exploration for nickel, while continuing to seek opportunities in copper and gold.
NAC also expects renewable energy to be the second leg of the business after mining.
NAC earlier said its renewable energy subsidiary Emerging Power Inc. (EPI) was on track to hit its 1 GW target by 2028.
Zamora said that while most of the target would be solar projects, the group was also looking at investment opportunities in battery and wind.
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