Feb. 21, 2010
NiHAO Mineral Resources International Inc. said Monday its wholly owned subsidiary, Mina Tierra Garcia Inc., has signed a mineral production sharing agreement with the government that allows it to explore and develop a 5,081-hectare mining claim in Zambales province, north of Manila.
The claim, across Iba and Botolan towns, contains potential sources of nickel, cobalt, chromite and other mineral deposits.
The agreement has a 25-year term that could be renewed for another 25 years.
NiHAO Mineral Resources International Inc. said Monday its wholly owned subsidiary, Mina Tierra Garcia Inc., has signed a mineral production sharing agreement with the government that allows it to explore and develop a 5,081-hectare mining claim in Zambales province, north of Manila.
The claim, across Iba and Botolan towns, contains potential sources of nickel, cobalt, chromite and other mineral deposits.
The agreement has a 25-year term that could be renewed for another 25 years.
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