Nickel Asia Corp.

Nickel Asia Corp. is a mid-tier nickel producer headquartered in Taguig, Philippines, operating primarily in Asia. The company's portfolio consists of 8 projects, comprising 6 operating mines and 2 advanced exploration projects. Key assets include Dinapigue, Taganito, Manicani, and Rio Tuba. The organization's business model integrates low-cost surface mining operations with a strategic diversification into the power generation sector, including both diesel and renewable energy sources. Operational methodology in its core business avoids the use of explosives and chemicals, focusing on the extraction of distinct ore types for a varied customer base. A key competitive advantage stems from its role as a supplier to advanced hydrometallurgical processing plants, in which the enterprise also holds equity interests, creating operational synergies and participating further down the value chain. The company maintains a significant market position as the largest producer in its domestic jurisdiction, supported by long-standing supply agreements and strategic relationships with key industry players across Asia. This dual-sector approach, combining resource extraction with energy production, provides a diversified revenue stream and mitigates risks associated with market volatility in a single industry.

Strategic direction is fundamentally anchored in a comprehensive Environmental, Social, and Governance (ESG) Roadmap, which guides the organization's vision across 3 pillars: Environment, Social, and Governance. The enterprise pursues a dual-growth strategy, aiming to expand its core resource business while simultaneously growing its renewable energy portfolio. Key long-term environmental objectives include achieving carbon sink status, delivering a net positive biodiversity impact, and attaining a net positive water impact in its operations by 2030. Social strategy prioritizes fostering sustainable communities and ensuring the well-being of employees to maintain its social license to operate. Governance objectives focus on inclusive leadership, a strong organizational culture, and a robust risk management system. Management aims to position the entity as a premier ESG investment and to be ranked among the top 25 publicly listed companies in its market by capitalization by 2025, driven by efficiency, resource optimization, and collaborative stakeholder partnerships.

The board of directors consists of 9 members, including 2 independent directors, providing oversight through 7 specialized committees: Audit, Board Risk Oversight, Corporate Governance, Related Party Transactions, Nominations, Sustainability, and Finance. Executive leadership is distinguished by extensive experience in public service, international banking, and finance. The Chairman, Jose Isidro N. Camacho, previously served as Secretary of Finance and Secretary of Energy and held senior roles at Credit Suisse and Deutsche Bank. The President and CEO, Martin Antonio G. Zamora, brings a background in renewable energy development and investment banking. The governance framework is supported by a Chief Risk Officer, a Chief Governance Officer, and a Chief Sustainability Officer. Management philosophy is embodied in the 'OneNAC Way' initiative, which promotes synergy and is built on core values of People First, Integrity, and Excellence. Employee development is guided by the L.I.V.E. Well framework, focusing on holistic growth across 8 key pillars.

The organization's sustainability approach is formalized through a comprehensive ESG Roadmap aligned with the United Nations Sustainable Development Goals and the principles of the UN Global Compact, of which it is a member. Environmental stewardship is executed via site-specific Environmental Protection and Enhancement Programs (EPEPs), with all operating mines holding ISO 14001:2015 certification. Key environmental commitments include achieving net-zero carbon emissions by 2050, attaining a net positive biodiversity impact by 2030, and implementing a 'Sequential Planting Method' for progressive rehabilitation. Social responsibility is addressed through mandatory Social Development and Management Programs (SDMPs) and voluntary corporate initiatives focused on community health, education, and livelihood. The governance structure for sustainability includes a dedicated Board-level Sustainability Committee and a Chief Sustainability Officer, established in 2022 to oversee the integration of ESG principles across all business units and ensure transparent reporting on targets and performance.

The corporate structure includes numerous wholly-owned and majority-owned subsidiaries that manage core mining operations and execute diversification strategies in exploration and energy. A significant structural development was the establishment of Greenlight Renewables Holdings, Inc. (GRHI) in 2022, a joint venture with Shell Overseas Investments B.V. created to develop onshore renewable energy projects, in which the company holds a 60% equity interest. Sumitomo Metal Mining Co., Ltd. (SMM) is a key strategic partner, functioning as a major shareholder with an ownership stake exceeding 25%, a primary customer, and a partner in both exploration activities and downstream processing facilities. Another key relationship involves TBEA International Engineering Co., Ltd., which holds a 10% stake in the solar energy subsidiary, Jobin-SQM Inc. In a recent strategic move, the company formalized a plan in 2024 to divest its 15.62% equity interest in Coral Bay Nickel Corporation, completing the sale to SMM in early 2025.