The company i am working with is merging with a European firm. The name of the European firm will be retained, our company' s name will be erased forever but our managing director will be retained as the MD for the merged entity.
For us employees, we really are not sure whether it is a good development or not. What matter it seems is the ability of the new management team to raise funds for our projects here in the Philippines and elsewhere.
The merged company will push for the funding of the mine project in Caldag, Turkey. The project is far advance in its funding stage while the project here in Zambales is about to begin the Bankable Feasibility Study. The Turkey as well as the local project involve the recovery of nickel metal from the ore by way heap leaching, a low capital process of nickel recover from laterites compared to the traditional High Pressure Acid Leach (HPAL) method.
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