PIA Press Release
Thursday, January 05, 2012
Filipino investor interested in Nonoc mining revivalby Annette Villaces
SURIGAO CITY, Jan. 5 (PIA) -- A Filipino investor is interested in the revival of Nonoc Nickel mine of Philnico Industrial Corp. (Philnico), City Mayor Ernesto Matugas confirmed recently.
Matugas said San Miguel Corporation’s Chief Executive Officer, Ramon Ang is now seriously considering the re-opening of the said refinery located in Nonoc Island.
Matugas said he personally persuaded Ang to invest in the said company while he was in Manila and that negotiations are still on-going.
Matugas said he expects at least 8,000 new jobs will be created if the project pushes thru. (Surigao City PIO/PIA-Surigao del Norte)