Global Ferronickel Holdings, Inc. (FNI), the country’s second largest ore producer, has renewed its Mineral Production Sharing Agreement (MPSA) for Ipilan Nickel project up to 2043.
FNI said the Department of Environment and Natural Resources (DENR), through an Order dated May 14, 2025, has approved the renewal of MPSA No. 017-93-IV, Amended-2000.
This grants the Group’s Ipilan Nickel Project a renewed term, valid until September 18, 2043. The renewal remains subject to the existing terms of the MPSA, as well as all applicable laws, rules, and regulations currently in force or hereafter promulgated. The MPSA covers an area of approximately 2,835 hectares located within the Municipality of Brooke’s Point, Province of Palawan.
