Presidential Communications Operations Office

  PIA Bldg, Visayas Ave, Diliman, Quezon City, Philippines
  Sunday, 11 April 2021 News Before 1 Feb 2012. Click for Latest
Web PIA  
PBB Guidelines 2016
Click to Open
PIA Snapshot

PIA Online
One Mindanao eNewsmagazine
One Visayas eNewsletter
One Luzon eNewsmagazine
ST@R eNewsmagazine
PIA Members Only:
PMIS | PANP Phone Directory
PIAEA Corner:
Application | View PIAEA Site
Special News Editions:
PIA Specials:
NEW! Cabinet Officials
Jobs.Slides.Specials.Ads. Events.ASEAN.Multimedia
PIA News Archive:
Information to Empower Filipinos
English NewsFoto ArchivesRegional WatchOFW Watch
FrontpageHeadlines by RegionNews ArchivePIA SpecialsICT News

PIA Press Release
Tuesday, January 24, 2012


Eco-friendly nickel plant to rise in Surigao

by Eugenio Lira, Jr.

SURIGAO CITY, Jan. 24 (PIA) -- An eco-friendly $2.5-billion nickel processing plant will soon rise in Nonoc Island after rehabilitation works of the mothballed nickel refinery will be completed following the signing of a memorandum of understanding (MOU) between two giant corporations witnessed by local executives recently.

“The old nickel refinery owned by Philnico Mining Corporation will be rehabilitated by San Miguel Corporation, this year, which committed to replace it with a modern nickel plant using the electro-magnetic processing technology in extracting nickel ores. It’s eco-friendly for it does not use chemicals unlike decades ago,” City Mayor Ernesto Matugas said.

He said that on Jan. 4, San Miguel Corporation, represented by Chief Operating Officer Ramon Ang, entered an MOU with Philnico President Evaristo Narvaez where it promised to undertake payment of $300 million in back taxes which the latter had owed to the Philippine government. The same was reached following an earlier buyout agreement for the nickel plant with the approval of President Benigno “Noynoy” Aquino III and Finance Secretary Cesar Purisima, he added.

Matugas said Surigao City will soon become one of the top earning local government units with an estimated USD 25 million in annual realty taxes, or approximately P1.075 billion, derived from one percent of the $2.5 billion refinery cost. The processing plant would operate on a 106-hectare property owned by the city government, he said.

“Once fully operational, the nickel refinery will employ about 6,000 skilled and non-skilled workers wherein, not less than 2,000 of which will be Surigaonons. Businesses in food, transportation and the like will definitely sprout in Nonoc Island and will also add employment opportunities for our people,” Matugas said.

The mayor said Ang committed to give $1.162 million, or approximately P50million, for the construction of an additional 800-meter runway at the Surigao City Airport to accommodate large aircrafts and the same will be deductible from the company’s tax obligation with the city government.

Aside from Ang and Narvaez, the MOU signing was also attended by Mayor Matugas and Rep. Francisco Matugas of Surigao del Norte’s first district. (PIA-Surigao del Norte)

Latest Stories
  • DOST project beneficiary produces biggest 'ulang' (R02)
  • Solar energy to light up 75 more houses in off-grid areas in NegOr (R07)
  • DA plans to use Mindanao program in Luzon (R11)
  • DSWD 1 marks its 61st anniversary celeb in February (R01)
  • 500 poor families get 'bags of blessing' (R06)
  • Close to 200 Negros Occidental police officers get promotion (R06)
  • NGO urges public to collect, propagate seeds to create native tree forests in CV (R07)
  • Police Information Officers receives commendation medals (R06)
  • DSWD brings Pantawid Pamilya program to Dumaguete City (R07)
  • LGU issues guidelines on use of municipal filling station (CAR)
  • NGO to hold free breast, cervical cancer screening (R07)
  • Aklan detainees trained on proper waste management (R06)
  • Hiligaynon news: DOLE 6 may bag-o nga direktor (R06)
  • Mangrove tree planting to highlight World Wetlands Day (R06)
  • Balikbayan finds ulang production profitable (R02)
  • Hiligaynon news: Impormasyon sa populasyon sa Iloilo nagapakita pagkinahanglan sa pagmanehar sing maayo (R06)
  • Various activities to mark World Wetlands Day in Iloilo (R06)
  • Tagalog News: Tapul Reef, ipinapadeklarang fish sanctuary (MIM)
  • Hiligaynon news: Alert Level sa Yemen napanubo sa level 2 – DFA (R06)
  • P118-M worth of Infra projects implemented by Dipolog in 2011 (R09)
    GOOD NEWS Series
    PIA Special Sites:

    ASEAN Philippines

    Philippine Official Gazette | Office of the President | Presidential Communications Operations Office
    For comments and feedback, please email PIA Newsdesk
    Copyright © 2005 Philippine Information Agency
    PIA Building, Visayas Avenue, Diliman, Quezon City 1101 Philippines