Intex to Build Philippines’ First Nickel Processing Plant

Philippine Daily Inquirer reported Intex Resources ASA is planning to build the first nickel processing plant in the country.

As quoted in the market news:

In a statement and disclosure to the Oslo Stock Exchange, the company said that it had entered into a memorandum of understanding with the MCC8 Group Co. Ltd., which is a Chinese state-owned engineering and construction firm.

The company is a strategic partner of the Jinchuan Group, which is China’s largest nickel producer.

Click here to read the full Philippine Daily Inquirer report.