GLOBAL Ferronickel Holdings, Inc. (FNI) has declared its 2021 target to 6 million metric tons of wet ore (WMT) as part of its nickel ore shipment.
In a regulatory document dated Wednesday, the named mining company said it had begun to send nickel ore to its customers in China on 29 March with Surigao del Norte’s operating arm, Platinum Group Metals Corp. (PGMC).
The FNI President Dante R. Bravo said in the disclosure: “We’re optimistic that we can achieve this year’s goal for the weather allowance by opening CAGA 1 next month, with an increase of 10% predicted.
In addition to the other sites numbered CAGA2, CAGA 3 and CAGA 4, FNI said its operating body comprises four active mining areas with the launch of CAGA 1.
Furthermore, the Firm revealed the predicted sales ratio of 70% low-grade and 30% medium-grade nickel rock, with annual capital costs set at 5 million dollars.