DMCI Mining Corp., a unit of DMCI Holdings Inc., said Wednesday it plans to expand operations from a single mine to managing three active mines in 2025, with capital expenditure set at P400 million for the year.
DMCI Mining president Tulsi Das Reyes said the company’s new mines mark a long-anticipated step forward for DMCI Mining.
“With increased production capacity and the Long Point port nearing completion, we are confident in delivering improved operational and financial performance this year,” Reyes said.
The Zambales Chromite Mining Company (ZCMC) in Santa Cruz, Zambales commenced operations in December 2024 and aims to reach full operational capacity by the first quarter of 2025.
Operating under an environmental compliance certificate, ZCMC has an annual production limit of 1 million wet metric tons (WMT).
Berong Nickel Corp. (BNC) is gearing up to restart production at its Long Point mine in Aborlan, Palawan, pending final approval of its mineral production sharing agreement (MPSA).
DMCI Mining invested P634 million in capital expenditures in 2024. Despite lower capex in 2025, the mining firm deemed the funding enough to support expansion efforts.
DMCI Mining is targeting a combined annual production capacity of 3 million WMT across its three mines, which include Zambales Diversified Metals Corporation (ZDMC), subject to the approval of permits for Long Point.
BNC’s Quezon mine in Palawan was depleted in 2021, and has been undergoing rehabilitation since 2022.
The six-year rehabilitation program is on track for completion by 2027.
DMCI Mining exports nickel ore to China and other countries. Its assets include Berong Nickel Corp. in Palawan, Zambales Diversified Metals Corp. and Zambales Chromite Mining Company.