Nickel Asia Says Attack to Delay Philippine Plant

Reuters reported Nickel Asia (PSE:NIKL) said an attack by rebels on its mine earlier this month will push back the opening of a nickel processing plant.

As quoted in the market news,

Around $70 million of equipment was destroyed in the an Oct. 3 attack by hundreds of Maoists, the government estimated, but Nickel Asia, which is part owned by Japan’s Sumitomo Metal Mining Co Ltd , was able to restart production two days later.

Click here to read the full Reuters report.