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Marcventures considering building nickel processing plant in the Philippines

MarcventuresHoldings Inc. is mulling over constructing a processing plant andacquiring a mining company in the Philippines to increase output and exports,Reuters reported April 6.

According to the report, the board asked company President IsidroAlcantara to explore investment opportunities aimed at establishing aprocessing plant in the country.

Marcventures will also look for a local company or propertyto secure additional ore for the new processing plant.

If it gets the green light, this would be the third nickelplant in the Philippines. The country currently has two owned by