Philippine Nickel
Industry Association
Global Ferronickel Holdings Inc., a listed nickel miner that trades using the symbol FNI, is in talks with a potential technology partner for its plan to build a $100-million steel plant in Bataan with an eye to capture around 10 percent of the market for imported steel.
“The initial proposal in the House of Representatives was 10%. That will kill the industry,” Dante Bravo, president of the Philippine Nickel Industry Association, told Reuters.
ENVIRONMENT Secretary Maria Antonia Yulo-Loyzaga reported an increase in revenues from mining in the first semester of 2022, adding that she is still awaiting the final figures for the year.
The value of the country’s metallic output expanded by nearly 30 percent in the three quarters ending September, owing to higher output and prices of nickel and gold, the Mines and Geosciences Bureau (MGB) said.
The value of metal production in the Philippines in the three quarters ending September expanded by 29.21 percent to P175.61 billion from P136.21 billion, buoyed by rising metal prices and higher production, according to the Mines and Geosciences Bureau (MGB).
Developing the electric vehicle (EV) industry is opening new opportunities for the Philippine mining sector, a company executive said Wednesday.
The Marcos administration is moving to ramp up the mining industry as part of plans to grow the economy amid the pandemic.
The Department of Finance (DOF) said on Wednesday, July 6, that the government wants to accelerate the revival of the local mining industry to support the country’s economic recovery.
Outgoing President Rodrigo Duterte’s economic team has pushed for the revival of the mining industry — sidelined these past few years by the lack of a fiscal regime as well as policy continuity — to generate more jobs and develop rural areas hosting mines as a joint report from DENR, NEDA, DOF, and the Development Academy of the Philippines showed that mining and quarrying contributed significantly to the regional gross domestic product (GDP) in regions where there are mining operations.
MANILA, Philippines — The Philippines has lifted a four-year ban on new open-pit mines, an official said Wednesday, in a bid to revitalise the country’s coronavirus-battered economy slammed by activists as “short-sighted”. The move sees the Philippine government reverse a ban imposed in 2017, when the then-environment minister blamed the sector for widespread ecological damage. […]