Philippines' Global Ferronickel seals 4.5 mln WMT nickel supply deal with Chinese buyers

March 28, 2016 6:00 AM

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MANILA, March 28 Global Ferronickel Holdings Inc , the Philippines' second-biggest nickel ore miner, said on Monday it had signed contracts to ship a total of 4.5 million wet metric tonnes of nickel ore to Chinese buyers including Baosteel.

The company will deliver the volume, which accounts for almost 90 percent of its 2016 production target, for a period of one year at spot prices, it said in a statement.

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