Nickel Asia Corp. (NAC) subsidiary Rio Tuba Nickel Mining Corp. (RTNMC) registered a total national value-added multiplier effect of P44.2 billion between 2017 and 2021 from various economic projects, according to a study made by economic consulting and research firm, Center for Research and Communication (CRC).
The study, which assessed the direct and indirect contributions of the company and its ripple effect to the economy, showed NAC-RTNMC is able to contribute P1.47 in additional economic output for every peso it earns.
Read more: https://malaya.com.ph/news_business/miner-records-p44b-in-multiplier-effect/