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Nickel Asia Corp. (NAC) reported on Wednesday that its subsidiary Hinatuan Mining Corp. (HMC) suspended operations at its mining site in Tagana-an city, Surigao del Norte province effective October 27 after some employees gave positive for coronavirus. In a disclosure, the listed nickel miner said the suspension would last until November 10 in order to implement coronavirus precautionary measures to minimize transmission of the virus. “The potential impact [of the suspension on] NAC … financial results are not expected to be significant, because HMC is already at the end of its mining season and the last of its ore shipments have been loaded and the remainder has been diverted to the other NAC subsidiaries , Rio Tuba Nickel Mining Corp. and Cagdianao Mining Corp. ”Nickel Asia said. Hinatuan Mining, he added, continues to implement the necessary measures to contain the transmission of Covid-19 in coordination with the relevant local government units and agencies. Nickel Asia shares rose 4 cents or 1.06 percent or 4 cents to close at P3.81 each on Wednesday.
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