In a disclosure to the Philippine Stock Exchange, the firm said this includes the company’s equity interest in the Coral Bay and Taganito high-pressure acid leach projects.
The combined losses incurred by the HPAL plants were due to lower metal prices of nickel and cobalt year-on-year. Additionally, the company delivered 3.86 million WMT of limonite ore to the Coral Bay and Taganito HPAL plants, realizing an average price of $10.13 per pound of payable nickel for the first six months of the year.
The Company realized P55.33 per US dollar from nickel ore sales, a 5-percent increase from P52.56 year-on-year. Emerging Power Inc.’s subsidiary, Jobin-SQM Inc. , increased its electricity generation by 54 percent to 76,375-megawatt hours and revenues by 81 percent to P390.6 million in the period, operating at 100-MWp since adding an additional 38-MWp in July 2022.
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