Nickel Asia Corp. (PSE: NKL) on Wednesday said it was slapped with a P100,000 fine by the Bureau of Customs (BOC) for loading nickel ores onto a marine vessel sans the necessary government permit. Know more:
NICKEL Asia Corp. on Wednesday said it was slapped with a P100,000 fine by the Bureau of Customs for loading nickel ores onto a marine vessel sans the necessary government permit.
“On February 7, 2023, the BOC advised RTN representatives that loading should only commence upon RTN’s receipt of the Authority to Load issued by the BOC pursuant to Section 16 of Customs Memorandum Order 22-2010 Revised Customs Port Operations Manual,” NKL said. The Group’s operating mines sold a combined 12.44 million wet metric tons of nickel ore during the first three quarters of 2022, compared to 14.44 million WMT in the same period last year, NKL said.
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