MANILA -Listed Nickel Asia Corp. (NAC) is expanding its operations as it earmarked up to P4.5 billion in 2023 for mining projects in the pipeline, a senior executive said. In a briefing, NAC vice president Andre Mikael Dy said the capital expenditures (capex) for the mining business this year is larger than last year's P2.5 billion. In February, NAC announced Hallmark Mining Corp. and Austral-Asia Link Mining Corp. accepted its letter of intent for the firm or its wholly-owned subsidiary to be the sole and exclusive mining service contractor for the two companies.

https://business.inquirer.net/393699/nickel-asia-hikes-capex-as-demand-increases

#inquirer