Oriental Peninsula expects higher nickel output

LISTED holding firm Oriental Peninsula Resources Corp. is projecting higher nickel production for 2018 and 2019 despite the continued suspension of its mining unit’s operations pursuant to an order from Department of Environment and Natural Resources.

In a disclosure to the Philippine Stock Exchange, the company said it was targeting production of 2.5 million wet metric tons (WMT) of nickel, 66 percent higher from last year’s projected output of 1.5 million WMT.