Marcventures eyes plant

Marcventures Holdings Inc. on Thursday unveiled a plant to build a nickel processing plant and acquire a mining company to boost output and exports.

Macrventures said in a disclosure to the stock exchange its board had granted company president Isidro Alcantara the authority “to seek potential investments in establishing a nickel processing plant in the Philippines.”

The facility would be the country’s third nickel plant.  The company said it would also look into acquiring a mining company or property to supply additional ore for the processing plant.

Marcventures’s board of directors also approved the  increase the company’s authorized capital stock to P2.5 billion from P 2 billion.

Marcventures, through wholly-owned subsidiary Marcventures Mining and Development is engaged in exploration and mining of nickel mine in Surigao del Sur. 

Topics: Marcventures Holdings Inc. , nickel processing plant
COMMENT DISCLAIMER: Reader comments posted on this Web site are not in any way endorsed by Manila Standard. Comments are views by readers who exercise their right to free expression and they do not necessarily represent or reflect the position or viewpoint of While reserving this publication’s right to delete comments that are deemed offensive, indecent or inconsistent with Manila Standard editorial standards, Manila Standard may not be held liable for any false information posted by readers in this comments section.