J'sco Holdings "Actively Building Mining Infrastructure... Received Purchase Intent from SNNC"

JSCO Holdings announced on the 22nd that the construction of various infrastructure facilities necessary for nickel ore mining and transportation, including ▲roads ▲stockyards ▲piers ▲employee accommodations and offices, is actively progressing at the nickel mine development project on Dinagat Island, Mindanao, Philippines, and the primary preparations for commercial mining will soon be completed.

JSCO Holdings stated that the mine roads in the primary mining target area are already prepared, and the stockyard construction is also nearly

completed. Currently, construction of the employee mine office and accommodations is underway, and once this construction is finished, full-scale local mine worker recruitment will also take place.

Typically, nickel ore is mined and then stored in stockyards for about 2 to 3 months to allow natural drainage of moisture before being exported via bulk carriers. However, JSCO Holdings’ nickel mine is expected to have relatively low moisture content, allowing the ore to be sold shortly after mining and stockpiling.

A JSCO Holdings representative said, “We are continuously negotiating sales contracts with Chinese companies regarding nickel ore sales, and there is a high possibility of concluding contracts soon,” adding, “We have also started discussions with SNNC, a POSCO affiliate, about supplying nickel ore. After receiving the terms for the ore to be traded from SNNC and completing negotiations, we plan to sign sales contracts.”

This content was produced with the assistance of AI translation services.