Global Ferronickel Holdings, Inc.
PPSE:FNI1.70
PHP
-0.01
(-0.58%)
ISIN
PHY2715L1163
CUSIP
Y2715L116
Return %
Stock
S&P 500
1Y
27.82
14.20
3Y
-35.11
81.12
5Y
-21.30
68.34
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- Full Time Employees
- 1,154
- Sector
- Non-energy minerals
- Industry
- Construction materials
- Address
- Parañaque Philippines
- IPO Date
- Dec 14, 1994
- Website
- gfni.com.ph
- Similar Companies
- Business
- Global Ferronickel Holdings, Inc. is a Philippines-based holding company primarily engaged in the exploration, mining, development, processing, and export of nickel laterite ore. Originally incorporated in 1994 and headquartered in Makati City, Philippines, the company operates as one of the country's largest producers and exporters of direct shipping ore (DSO) to international markets, primarily supplying smelters and refiners of stainless steel, nickel pig iron, and battery-grade precursor materials across the Asia-Pacific region, with a primary concentration in the People's Republic of China. The company organizes its business operations across mineral exploration, open-pit mining, barging, logistics, and port terminal services, operating through key subsidiaries including Platinum Group Metals Corporation, Ipilan Nickel Corporation, PGMC International Limited, and FNI Steel Corporation. Its product and service offerings comprise direct shipping nickel laterite ores categorized into low-grade limonite ore with high iron content; low-grade saprolite ore; medium-grade saprolite ore; high-grade saprolite ore; mineral exploration, metallurgical assaying, and resource development services; coastal barging, ocean-vessel transshipment, and marine loading logistics; commercial dry bulk terminal handling, stevedoring, and warehousing operations; and downstream manufacturing of reinforcing steel bars. In recent strategic developments, Global Ferronickel Holdings has expanded its operational footprint through the commercial commissioning and production ramp-up of the Ipilan Nickel Mine in Brooke's Point, Palawan, complementing its cornerstone Cagdianao mine operations in Surigao del Norte and establishing year-round shipping capabilities to counter regional weather seasonality. To reinforce revenue stability, the company has concluded recurring multi-million wet metric ton annual ore sales agreements with major international metallurgical conglomerates, including Baosteel Resources International Co., Ltd. and Guangdong Century Tsingshan Nickel Industry Co., Ltd. Furthermore, the company has diversified downstream and strengthened its supply-chain infrastructure by acquiring an operational interest in Seasia Nectar Port Services, Inc. to manage dry bulk terminal facilities in the Freeport Area of Bataan, advancing construction on a steel rebar rolling mill facility under FNI Steel Corporation, and implementing renewable power solutions across its mining concessions.