Not so hidden agenda
NiHAO Mineral Resources International has officially listed its symbol Ni on the Philippine Stock Exchange.
Known previously as the publicly traded Magnum Holdings Inc. (MHI), the company received approval from the SEC to change its corporate name and purpose to reflect its current course and direction.
Based on recent disclosures, NiHAO’s primary purpose is now in the business of exploration, development and operation of mineral properties and the mining of metallic and non-metallic minerals including, but not limited to, nickel, gold, copper and the like.
Reports say NiHAO Mineral Resources International aims to leverage its mineral expertise to build up world-class tenements in the Philippines with strategic Chinese partners. NiHAO is also looking to acquire mining rights involving 7,103 hectares of nickel property in Botolan and Iba in Zambales. This is however subject to a due diligence study and valuation of the Botolan mining rights.
By MARY ANN LL. REYES - ABS CBN
Known previously as the publicly traded Magnum Holdings Inc. (MHI), the company received approval from the SEC to change its corporate name and purpose to reflect its current course and direction.
Based on recent disclosures, NiHAO’s primary purpose is now in the business of exploration, development and operation of mineral properties and the mining of metallic and non-metallic minerals including, but not limited to, nickel, gold, copper and the like.
Reports say NiHAO Mineral Resources International aims to leverage its mineral expertise to build up world-class tenements in the Philippines with strategic Chinese partners. NiHAO is also looking to acquire mining rights involving 7,103 hectares of nickel property in Botolan and Iba in Zambales. This is however subject to a due diligence study and valuation of the Botolan mining rights.
By MARY ANN LL. REYES - ABS CBN
Labels: botolan, copper, gold, IBA, mining, nickel, nihao, zambales
posted by OlongapoCity Zambales at
7:09 AM
0 Comments:
Post a Comment
<< Home