Global Ferronickel

Global Ferronickel Holdings, Inc.
Company typePublic
PSE: FNI
IndustryMining
FoundedMay 3, 1994 (1994-05-03)
Headquarters
Parañaque, Metro Manila
,
Philippines
Area served
China, Indonesia
Key people
    • Joseph Sy (chairman[a])
    • Dante Bravo (president and chairman)
Websitegfni.com.ph

Global Ferronickel Holdings, Inc. also known as FNI (stylized as FNi) is a Philippine nickel mining company which operates mines in Surigao del Norte and Palawan.

History

Global Ferronickel Holdings, Inc. was incorporated on May 3, 1994.[2] In 2006, FNI opened its nickel mine at Cagdianao. It operates under FNI's subsidiary Platinum Group Metals Corporation (PGMC).[3]

In August 2015, FNI acquired Southern Palawan Nickel Ventures Inc. (SPNVI) and consequentially the Ipilan mine in Brooke's Point, Palawan.[4] This made FNI as the second largest producer of nickel in the Philippines after Nickel Asia.[5][6]

In May 2017, Brooke's Point mayor Jean Feliciano shut down the Ipilan mine after the Department of Environment and Natural Resources (DENR) revoked the FNI's environmental compliance certificate (ECC). Feliciano went on to demolish structures at the Ipilan mine despite an ongoing appeal. The Ombudsman suspended Feliciano for a year in 2021 for grave abuse of authority.[7] Operations was resumed.[8][9]

Mining operations

In 2024, China is the top market destination for FNI accounting for 93 percent of the company's revenue. Indonesia is the next top destination at 7 percent.[10] FNI has also exported nickel to Australia.[11]

FNI operates the following mines:[12]

Notes

  1. ^ Sy is on voluntary leave due to questions over his Filipino citizenship[1]

References

  1. ^ Lagare, Jordeene B. (August 28, 2025). "Global Ferronickel chair goes on leave amid citizenship probe". Philippine Daily Inquirer. Retrieved August 31, 2025.
  2. ^ "Company Information - Global Ferronickel Holdings, Inc". Edge PSE. The Philippine Stock Exchange, Inc. Retrieved August 27, 2025.
  3. ^ "Our Company". Global Ferronickel Holdings, Inc. Retrieved August 27, 2025.
  4. ^ "FNI acquires Palawan nickel mine for $50 M". The Philippine Star. April 9, 2015. Retrieved August 27, 2025.
  5. ^ Schnabel, Chris (August 9, 2015). "Global Ferronickel Holdings acquires Palawan nickel mine". Rappler. Retrieved August 27, 2025.
  6. ^ Simeon, Louise Maureen (May 19, 2016). "Global Ferronickel affiliate starts Palawan operations". The Philippine Star. Retrieved August 27, 2025.
  7. ^ "Ipilan Nickel scores legal win over Palawan mining properties demolition". Rappler. June 18, 2021. Retrieved August 27, 2025.
  8. ^ Loyola, James (February 26, 2023). "FNI unit to continue mining in Brooke's Point". Manila Bulletin. Retrieved August 27, 2025.
  9. ^ Chi, Cristina (February 24, 2023). "Local gov't, residents of Brooke's Point call on DENR to stop operations of mining firm". The Philippine Star. Retrieved August 27, 2025.
  10. ^ Arcalas, Jasper Emmanuel (May 3, 2025). "FNI completes nickel shipment to Indonesia". The Philippine Star. Retrieved August 27, 2025.
  11. ^ Domingo, Ron W. (April 20, 2015). "FNI unit sees another banner year for nickel ore exports". Philippine Daily Inquirer. Retrieved August 27, 2025.
  12. ^ "About Us". Global Ferronickel Holdings, Inc. Retrieved August 27, 2025.
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