Oriental Vision Mining Philippines Corp. (ORVI)
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|Business Type:||Trading Company, Other|
|Total Revenue :||US$10 Million - US$50 Million|
About Oriental Vision
Oriental Vision Mining Philippines Corporation (ORVI) is a 100% Filipino owned multi-mineral mining venture founded by Salvador B. Zamora II and Fernando S. Borja, as Chairman and President, respectively. Mr. Zamora was the president for more than a decade of Hinatuan Mining Corporation, one of the largest continually operating mines in the Philippines. He now has business interests in the transportation, entertainment, hospitality and power industries. Mr. Borja is currently one of the biggest...
About Oriental Vision
Oriental Vision Mining Philippines Corporation (ORVI) is a 100% Filipino owned multi-mineral mining venture founded by Salvador B. Zamora II and Fernando S. Borja, as Chairman and President, respectively. Mr. Zamora was the president for more than a decade of Hinatuan Mining Corporation, one of the largest continually operating mines in the Philippines. He now has business interests in the transportation, entertainment, hospitality and power industries. Mr. Borja is currently one of the biggest mining operators and contractors in the country through F.S. Borja Mining and Adnama Mining Resources Inc., which jointly operates several mines in northern Mindanao. Messrs. Zamora and Borja have over sixty (60) years of combined experience in management, mining operations and foreign and domestic minerals marketing. Armed with this massive experience and expertise, ORVI envisions itself to be the largest multi-mining operator and exporter in the country.
Oriental Vision Nickel Properties
Oriental Vision Mining Philippines (ORVI) acquired the Sangay and Palhi Nickel projects in Dinagat province in 2008. The Sangay Nickel Project, an advanced project with complete mining infrastructure (i.e., assay lab, staff houses, causeway, access roads and haul roads), is programmed to produce five million tons of nickel ore over the next five years. It has a confirmed ore reserve of 5,604,216 metric tons with an average grade of 1.20% Ni and 26.43% Fe. ORVI has also delineated a partial probable ore resource of 38,360,000 metric tons that will ensure the longevity of the project for the years to come. These resource and reserve measurements will be certified by a Competent Person under Philippine Mineral Resource Code.
The Palhi Nickel Project shows signs of fantastic potential from initial drilling activities conducted on site. Within a 42 hectare area from the total tenement size of over 2,000 hectares, an initial mineable reserve of over 7.5 million tons metric tons with an average grade of 0.95% Ni and approximately 32.93% of Fe has been delineated. While continuing exploration and definition drilling of the extension of the orebody, a mine plan has been generated with a target of over five million tons of nickel ores over the next five years from 3Q2010.
Preliminary surveys and drilling activities conducted on the Sangay and Palhi projects indicate the presence of lumpy and sandy form chromite ore. Initial tests reveal that this ore can be upgraded to above 40% after undergoing beneficiation. ORVI plans to establish a pilot chromite recovery and concentration plant in the near future to gain additional earnings from the extraction of chromite ore within the property.
Pacific Infinity as Marketing Arm
ORVIs marketing arm Pacific Infinity Resources Ltd. (PIRL), has already cemented long term supply contracts with major Japanese, Korean, Australian and Chinese nickel and chromite processors. Through the arrangement, PIRL has exported more than 750,000 metric tons of nickel ore to China for the year 2008. This agreement helps strengthen ORVIs reputation as a top mineral company in the region. PIRL is in discussions with some of Asias largest steel and metal producers to consolidate long-term supply agreements with them in 2011.
In 2010, ORVI in cooperation with F.S. Borja Mining and Adnama Mineral Resources Inc., will commence mining in the Dinapigue Nickel Project in Isabela province. This mine has an even greater resource potential, 65,846,877 WMT, and a confirmed mineable reserve of 13,486,477 WMT with an average nickel grade of 1.0% cut off, or a total of 25,143,631 WMT, with a cut off t rade of 1%. Exploration is continuing to locate additional reserves and ORVI expects to attain compliance with the Philippine Mineral Reporting Code (PMRC) within the year.
ORVI has other great plans for 2010. They are currently developing the South Surigao Coal Project in the Southern Philippines.