Investor Presentaiton
NAC
NICKEL ASIA CORP.
PHILIPPINE MINES ARE AMONG THE MOST
COST-COMPETITIVE IN THE WORLD
Philippines has the 4th-lowest nickel mining costs globally in 2021 Majority of nickel mine operations in the Southeast
Asian region are open-pit and benefit from lower cost
and 2024
Global mining cost by major country, 2021 ($/t Ni)
Main cost drivers comparison by mining type (%)
120
8,000
6,649
102
5,798
6,000
86
3,820
4,161
80
4,000
2,450
40
50
40
2,000
969
1,138
1,297
40
655
21
21
0
9
8
10
4
5
Other C&S Brazil
America Laterite
Laterite
Indonesia Philippines Australasia Australasia China
Laterite Laterite Laterite Sulphide Sulphide
N. America Europe
Sulphide Sulphide.
0
Mining cost US$/t ore
Power consumption Diesel consumption I/t
KWh/t ore
ore
Labour productivity
tore/100 x man
Global mining cost by major country, 2024 ($/t Ni)
■Underground ■Open Pit ■ Mixed
8,000
6,887
6,149
6,000
4,854
4,268
Open pit
6
38
25
49
4,000
2,763
2,000
736
1,020
1,243
1,445
Underground
6
19
3
34
3
35
0
Other C&S Brazil
America Laterite
Laterite
Indonesia Philippines Australasia Australasia China
Laterite Laterite Laterite Sulphide Sulphide
N. America Europe
Sulphide Sulphide.
0%
25%
■Maintenance
Consumables
50%
75%
Explosive Diesel Power ■Labour
100%
Source: CRU as of Aug 2022.View entire presentation