SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Feb 28, 2017

2. SEC Identification Number

ASO94-03992

3. BIR Tax Identification No.

003-871-592

4. Exact name of issuer as specified in its charter

Global Ferronickel Holdings, Inc.

5. Province, country or other jurisdiction of incorporation

Makati, Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

7F Corporate Business Center, 151 Paseo de Roxas cor. Arnaiz St. Makati City Postal Code 1228

8. Issuer's telephone number, including area code

(02) 519 7888

9. Former name or former address, if changed since last report

Southeast Asia Cement Holdings, Inc.

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
common shares	2,334,640,312

11. Indicate the item numbers reported herein

9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Global Ferronickel Holdings, Inc.FNI

PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
PGMC has submitted its reply to DENR's Show Cause letter dated 13 February 2017 re: Final Mine Rehabilitation/Decommissioning Fund
Background/Description of the Disclosure
FNI’s subsidiary, Platinum Group Metals Corporation (PGMC), has replied to the Department of Environment and Natural Resources (DENR) Secretary’s show cause notice (“SCN”) dated 13 February 2017. The SCN directed PGMC to explain why it only deposited P56,490,098.00 out of a commitment of P1,259,670,677.00 for its Final Mine Rehabilitation/Decommissioning Fund (FMRDF) under Section 71 of Republic Act No. 7942. PGMC submits that: 1. Its FMRDF commitment is only P74,593,674.00, not P1,259,670,677.00. The DENR Mine Audit Team 10 Report (the “Audit Report”) confirms that the Final Mine Rehabilitation and/or Decommissioning Plan (FMRDP) for the Cagdianao Nickel Expansion Project was approved by the Contingent Liability and Rehabilitation Fund Steering Committee. The Certificate of Approval of FMRDP, issued by the Mines and Geosciences Bureau (MGB), shows that the FMRDF of PGMC is only P74,593,674.00. The DENR Secretary erred in quoting P1,259,670,677.00, which is the total cost of the approved Environment Protection and Enhancement Program (EPEP) of PGMC. EPEP is a mandate of Section 69 of RA No. 7942. Unlike the FMRDF, the EPEP is not a fund created and deposited for the final mine plan. 2. The Audit Report finds PGMC “compliant with the policies, environmental laws, rules and regulations of the Philippine Mining Act,” and states that PGMC has “up-to-date bank certification/statement” for its FMRDF. PGMC has fully paid its commitment ahead of schedule. 3. DENR’s Technical Review Committee upheld the Audit Report without any finding of violation or recommendation for imposition of penalty.
Other Relevant Information
-