DMCI Mining eyes historic 2026 after posting record output in 2025

Consunji-led DMCI Mining Corp. is looking to sustain its growth this year after posting record output in 2025, with the miner seeking to hit 3 million wet metric tons (WMT) of nickel ore banking on the higher production from its Palawan mine.

According to DMCI Mining president Tulsi Das Reyes, the company aims to hit historic highs annually, after recording a 33% growth in its production to a record 2.0 million WMT in 2025 from 1.5 million WMT the previous year.

“I think we will have a historic year this year. Prices have been strong. If everything is done right, we can ship out 3 million tons this year,” he told reporters.

This comes as Reyes said the company is on track to open its Palawan mine in the next two to four weeks, pending permits, after its subsidiary Berong Nickel Corp. (BNC) last year inked a 25-year mineral production sharing agreement for its Long Point Nickel Project covering 2,177 hectares in Aborlan, Palawan.

“We are encouraged by the improving fundamentals of the nickel industry after a challenging period,” Reyes said.

“The combination of our record production, strong prices, and the continued progress of our Long Point development gives us solid growth prospects, both for the company and for our host communities,” he added.

Reyes also cited the higher prices for nickel ore, with the average benchmark for Philippine free on board laterite for 1.5% grade up 26% to $45.7 per WMT from $36.3 per WMT.

DMCI Mining, through its subsidiaries BNC and Zambales Diversified Mining Corp., ships nickel ore directly to markets in China and other countries.

Its BNC subsidiary has rehabilitated over 174 hectares of its Quezon development under the Philippines’ first approved final mine rehabilitation and decommissioning plan (FMRDP) for a nickel mine set for completion in 2027. —KG, GMA Integrated News