Yokohama, Japan - JGC Corporation and JGC Philippines Inc. have won a lump-sum, turn key contract to build an intermediary nickel products plant in the Philippines. The client is Coral Bay Nickel Corp. of the Philippines, a joint venture between Sumitomo Metal Mining Co., Ltd. (investing 54 %), Mitsui & Co., Ltd. (18%), Nissho Iwai Corp. (18%), and Rio Tuba Nickel Mining Corp. of the Philippines (10%). The construction site is located at the Rio Tuba mine, the Province of Palawan, the Philippines. The contract is valued at approximately 16 billion yen. Completion of construction is scheduled for the summer of 2004.

JGC will carry out detailed design and the procurement of materials and equipment at its headquarters in Yokohama. JGC Philippines will handle part of the detailed design as well as the construction, and provide commissioning assistance.
SNC LAVALIN Australia Pty.Ltd. will participate in this project, as a technical partner of JGC.

The project was planned by Sumitomo Metal Mining Co., Ltd., a leading producer of electrolytic nickel, to procure intermediary nickel products from its own overseas mining operations.
The plant will process low-grade nickel oxide ore stock-piled at the Rio Tuba mine to produce intermediary nickel products, nickel/cobalt mixed sulfide (nickel: 10,000 tons/year; cobalt: 750 tons/year). The HPAL (high pressure acid leaching) method developed by Sumitomo Metal Mining will be applied to the manufacturing process.

JGC has experience in constructing non-ferrous refineries and smelters including a copper smelter in Australia and titanium dioxide plants in Japan and Singapore. However, this is the first time JGC has received a contract for a nickel-related project. Securing the contract is attributed to JGC's proven technological capabilities as demonstrated by its successes in the non-ferrous refinery and smelter and chemical plant sectors, as well as to the company's cost competitiveness.

With its business domain expansion strategy in progress, JGC has positioned the non-ferrous refining and smelting sector as a key sector for future industrial projects. Thus JGC will focus on acquiring additional projects in the non-ferrous refining and smelting sector.


June. 24, 2002 "Outline of Settlement of Accounts for Fiscal 2001" Report & Presentation Sheets(PDFs) Issued