# Marcventures Holdings to merge with two mining firms for $22.1 million

Philippine nickel miner Marcventures Holdings Inc. agreed to merge with Asia Pilot Mining Philippines Corp. and BrightGreen Resources Holding Inc. in a deal valued at US$22.1 million, gaining control of a bauxite mine in Samar and a nickel mine in Surigao del Sur.

- Type: Acquisition
- Announced: 2017-09-12
- Where: Samar; Surigao del Sur, Philippines
- Value: $22.1M
- Status: announced
- Products: nickel, bauxite
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Marcventures Holdings Inc.](https://endata.com/companies/15719.md) (acquirer)
- [Asia Pilot Mining Philippines Corp.](https://endata.com/companies/15720.md) (target)
- [Brightgreen Resources Holdings Inc.](https://endata.com/companies/15721.md) (target)

## Sources

- [udaipurkiran.com](https://udaipurkiran.com/marcventures-holdings-inc-to-merge-with-two-other-mining-firms/), 2017-09-12: "Marcventures' objective in merging with BHI is to gain control of BRC in order to increase the nickel reserves of MHI's nickel mines pursuant to possible ventures into nickel processing."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.