Global Ferronickel Holdings Inc. Stock Analysis FNI.PM

Global Ferronickel Holdings, Inc. is a mining and exploration company, which engages in producing nickel and other metal ores. The principal activities of the Company are to invest in, purchase or otherwise acquire and own, hold, use, sell, assign, transfer, mortgage, pledge, exchange, or otherwise dispose of real and personal property of every kind and description, including shares of stock and other securities or obligations of any corporation. The company operates through three segments: Mining, Services and Manufacturing. The Mining segment is engaged in the exploration, mining and exploration of nickel saprolite and limonite ore. The Services segment is engaged in chartering out of Landing Craft Transport by PCSSC to PGMC and port services rendered by MHC to its customers. The Manufacturing segment includes FSC, which is engaged in the manufacturing of iron steel bars, and FSLC, which is engaged in holding the real property of FSC. The firm produces two types of nickel ore, which include saprolite and limonite.