Philippine Nickel
Industry Association
“We laud President Duterte and his Cabinet’s evaluation on the matter,” PNIA said. “We have always been of the opinion that the decision to suspend mining operations and closure of mines have been arrived at in an arbitrary and hasty manner. Up to this day, we have yet to receive a copy of the audit reports that Secretary Lopez states as the basis for the closure of 23 mining operations.”
The head of the country’s national geological institution is calling on Secretary Regina Lopez (DENR) to make public the basis for her directive on the closure of 23 mining operations and the planned suspension of five others across the country to enable future engineers and geologists to learn from her decisions and determine how to best enforce responsible mining practices.
The PNIAI expresses its grave disappointment with the decision of DENR Secretary Gina Lopez to suspend and shut down the operations of twenty-eight (28) metallic mines operating in the Country.
The largest nickel exporter in the Philippines said unit Platinum Group Metals Corp. has signed a supply contract for the delivery of a total of 2 million wet metric tons of nickel ore to Guangdong Century Tsingshan Nickel Industry Co. Ltd. at spot price for this year’s mining season.
There are untapped nickel deposits in the Philippines and it will take time before these minerals can be translated into revenues because of the moratorium in issuing mineral production sharing agreement (MPSA) in mining, an authority in mining exploration revealed.
Global Ferronickel Holdings. (“FNI”), the second largest nickel producer in the Philippines and the largest single lateritic mine exporter in the world, announced today that it has signed a Memorandum of Cooperation with China State-owned Enterprise, Baiyin Nonferrous Group Co., Ltd. (“Baiyn”).
Global Ferronickel Holdings Inc. is spending $25 million to boost the capacity of its Ipilan mine in Palawan province, its president said Tuesday. The country’s third largest producer of nickel ore said it was planning to boost capacity to 3 to 4 million metric tons from 1.5 million in within the next two to three years.
The Department of Environment and Natural Resources (DENR) announced on Tuesday, September 27, that it has recommended the suspension of 20 mining firms following the completion of its audit of mining operations in the country. Environment Undersecretary Leo Jasareno made the announcement in a news briefing where he and Environment Secretary Gina Lopez presented the results of the audit.
DMCI Holdings, Inc. posted P7.5 billion in consolidated core income for the first nine months of 2014, a 6% decline from the P8.0 billion reported during the same period last year. The drop in core income was attributable to the weakened operating results of its power and construction businesses.