ORIENTAL Vision Mining Corp., a privately held nickel miner partly owned by listed NiHAO Mineral Resources International Inc., said it shipped $10.1 million worth of nickel ore to Chinese buyers from May to August.

In a filing to the Philippine Stock Exchange on Wednesday, Oriental Vision said the eight shipments contained 424,736 wet metric tons of ore.

“Due to favorable weather conditions, [Oriental Vision] is expecting to deliver more shipments of limonite and saprolite nickel ore for the remaining part of the year. It is currently loading nickel ore for its 9th, 10th and 11th shipments,” NiHAO said in its disclosure.

Oriental Vision business development officer Allan Crisologo said the company is expecting to end the year with 15 shipments, noting the strong demand from China. He said Oriental Vision has signed supply agreements with China’s Sinosteel Corp., the Sichuan Jinguang Group and Tsingshan Steel Group.

The company currently operates the Palhi nickel project which covers a 2,314.2-hectare area in Dinagat province.

In a research report dated September 12, Macquarie Capital Securities (Philippines) Inc. is forecasting the net income of Oriental Vision to reach $16 million in 2012 as the company ramps up nickel ore shipments.

NiHAO owns a 30-percent stake in Oriental. Its shares added 0.87 percent to P3.47 each on Wednesday’s close.