The Philippine Nickel Industry Association (PNIA) announced that it is reviving its offer to help draft an industry blueprint in collaboration with government to make the country’s nickel sector globally competitive and attractive to investors.
THE Department of Environment and Natural Resources (DENR) said it will provide support for efforts to discover deposits of “critical minerals” like iron, cobalt, rare earths, as well as nickel.
The Philippines has the potential to supply much of the world’s increasing demand for nickel, however there is a need for predictability and ease of doing business in order for the nickel sector to develop.
To boost investments, the Philippine Nickel Industry Association (PNIA) is proposing the establishment of a one-stop shop for all bureaucratic permits and processes in the mining sector.
The Philippine Nickel Industry Association, the largest grouping of nickel industry players in the country, said promoting predictability in regulations and ease of doing business are critical paths to succeed in accelerating the growth of the mining industry.
“We are directing the MGB (Mines and Geosciences Bureau) to concentrate efforts on mineral exploration in the coming year,” DENR Secretary Maria Antonia Yulo-Loyzaga said during the Nickel Initiative forum in Makati City.
PNIA said the one-stop shop should be similar to the Energy Virtual One-Stop Shop, a technology and operations management software platform for all government entities to promote a unified permitting system for energy related projects.
The Philippines needs to attract more investors in the nickel sector to support the growing demand for nickel ore, especially as investments in clean energy technologies such as electric vehicles (EVs) are expected to surge to more than $1 trillion globally in the next five years, according to a group of nickel mining players.
THE nickel industry in the country has remained compelling, driven by growing demand because of its wide range of applications toward smart cities and clean energy, the Philippine Nickel Industry Association (PNIA) said on Tuesday.
Nickel demand is expected to rise, driven by the shift to smart cities and clean energy, but additional investments are needed to help domestic producers, the Philippine Nickel Industry Association or PNIA said.
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The PHILIPPINE NICKEL INDUSTRY ASSOCIATION, INC., or PNIA is a non-stock non-profit association duly registered with the Securities and Exchange Commission.
Established in 2012, PNIA was organized to promote and develop the nickel mining industry in the country, aiming to represent the Philippine nickel industry as the single voice to champion its cause with various stakeholders.
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