COVER SHEET
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M C I
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SEC Registration Number
H O L D I N G S , I N C .
(Company's Full Name)
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D A C O N
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H I N O
R O C E S
A V E . M A K A T I
C I T Y
(Business Address: No., Street City / Town / Province)
HERBERT M. CONSUNJI
Contact Person
8888-3000
Company Telephone Number
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SECURITIES AND EXCHANGE COMMISSION
SEC FORM 17-C
CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER
1. March 4, 2025
Date of Report (Date of earliest event reported)
2. SEC Identification Number ASO95-002283 | 3. BIR Tax Identification No. 004-703-376 |
4. DMCI Holdings, Inc.
Exact name of issuer as specified in its charter
5. | Philippines | 6. | (SEC Use Only) | ||
Province, country or other jurisdiction of | Industry Classification Code: | ||||
incorporation | |||||
7. | 3/F Dacon Building, 2281 Don Chino Roces Avenue, Makati City | 1231 | |||
Address of principal office | Postal Code | ||||
8. | (632) 8888-3000 | ||||
Issuer's telephone number, including area code | |||||
9. | Not applicable | ||||
Former name or former address, if changed since last report |
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class | No. of Shares Outstanding | Amount |
Common Shares | 13,277,470,000 | Php13,277,470,000.00 |
Preferred Shares "Class A" | 960 | 960.00 |
Preferred Shares "Class B" | 10,000,000 | 10,000,000.00 |
TOTAL | 13,287,470,960 | Php13,287,470,960.00 |
11. Indicate the item numbers reported herein: Item 9
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This is to inform the investing public of the following press release:
DMCI Mining and NAC announce strategic collaboration for nickel processing plant study
Emerging nickel producer DMCI Mining Corporation ("DMCI Mining") and listed natural resources development firm Nickel Asia Corporation ("NAC") signed a Memorandum of Understanding (MOU) in March 4, 2025, to explore the feasibility of developing and operating a nickel processing plant in the Philippines.
This collaboration combines the resources, technical expertise, and mining assets of both companies to strengthen the country's nickel processing capabilities.
"After extensive discussions, we are now ready to move forward with this strategic initiative. This project is more than just a business-it's a step toward creating jobs and ensuring the sustainable use of our mineral resources. By laying the groundwork early, we can help position the Philippines as a key player in the global nickel supply chain," said Tulsi Das C. Reyes, President of DMCI Mining.
"Despite the current oversupply of nickel globally, we remain confident in the sector's bright future, driven by the growing demand from the electric vehicle and stainless-steel markets. Establishing an economically viable nickel processing plant in the Philippines requires several factors to align, including clear government policy directions and regulations, but proactive preparation is crucial. With the significant nickel resources needed and complex logistical challenges to navigate, early planning is essential for long-term success," said Martin Antonio G. Zamora, President and CEO of NAC.
Under the MOU, NAC will contribute its expertise in nickel processing technology and exploration, while DMCI Mining will provide new assets, along with its strength in construction and engineering.
Over the next two to three years, both companies will collaborate to identify the suitable technology, select an optimal site for the plant, and secure a steady supply of nickel ore through joint exploration, subject to approval of necessary permits.
The parties also agreed to discuss the equity structure of a potential joint entity for the plant's development and operation.
The planned facility aims to process low-grade nickel ore that is currently not viable for export, maximizing the country's mineral resources, generating new opportunities and boosting the local nickel industry.
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About DMCI Mining Corporation
DMCI Mining Corporation (DMCI Mining), a wholly owned subsidiary of DMCI Holdings, Inc., is an emerging nickel producer with key assets in Zambales and Palawan. It primarily exports nickel ore to markets in China and other markets. The company currently operates two mines in Santa Cruz, Zambales, and is actively developing new mining sites in Palawan to expand its operations.
Forward-Looking Statements
This press release contains forward-looking statements, which are subject to risks and uncertainties that may cause actual performance to differ materially from expected results or projections as of the date of this news release. No assurance can be given that the results anticipated by DMCI Holdings, DMCI Mining and Nickel Asia Corporation or indicated by any such forward looking statements, will be achieved.
SIGNATURES
Pursuant to the requirements of the Securities Regulation Code, the issuer has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
DMCI Holdings, Inc.
Issuer
March 4, 2025
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