Atlas, First Philippine, Nickel Asia: Philippine Stocks Preview

Base Metals Investing

Bloomberg reports that stocks in the Philippines may have experienced unusual movement today.

Bloomberg reports that stocks in the Philippines may have experienced unusual movement today.

The market news is quoted as saying,

Atlas Consolidated Mining & Development (AT) Corp: The Philippine metals producer said its working with partners to restart operations at a nickel mine and that this would cost at least $3 million, according to a stock exchange filing. The nickel mine is in talks with a Chinese company for possible sales agreement, it said. The stock declined 2.8 percent to 15.80 pesos.

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