MINING

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With an estimated US$ 1.4 trillion in mineral reserves, especially gold, copper, nickel, aluminum, and chromite, the mining potential of Philippines is one of largest in the world. According to the Mines and Geosciences Bureau (MGB), the archipelago is second in the world in gold and third in copper resources. The country is ranked top five in the world for overall mineral reserves, covering an estimated nine million hectares, although less than 2% has received mining permits.

Background

The Philippine mining industry is fortunate to have, aside from the country's substantial mineral resources, a regulatory framework favorable and attractive to investment. After stagnating for almost a quarter century, the mining sector of the economy is making a comeback following a Supreme Court decision in 2005 affirming the Philippine Mining Act of 1995 (RA 7942). [ Read This Chapter ]

Recommendations

The prevalent external perceptions are of corruption, Church intervention on mining issues, and inconsistent policy. These perceptions deter new investors. [ Read This Chapter ]

Phl may stop exports of unprocessed minerals

9 March, 2017 at 13:00

The Philippines is likely to lose its tag as the world’s top nickel ore exporter as the government may halt the export of unprocessed minerals as part of efforts to revive the country’s iron and steel industry, an official from the Department of Environment and Natural Resources (DENR) said yesterday.

Gov’t starts review of mines closure

8 March, 2017 at 12:00

The review of the existing 28 mines ordered closed by the Department of Environment and Natural Resources (DENR) is set to kick off today.

Common ground

21 February, 2017 at 17:00

A confrontation between the local mining industry and the government has been expected ever since President Duterte appointed antimining advocate Gina Lopez to head the Department of Environment and Natural Resources.

Council to review DENR closure of mining...

21 February, 2017 at 14:00

The government’s Mining Industry Coordinating Council (MICC) is bent on subjecting to review the recent decision of Environment Secretary Regina Lopez to close down some mining firms and terminate existing government contracts with mining companies.

Mining council buckles down for review

21 February, 2017 at 13:00

The government is scrambling to contain spreading business concern over twin decisions by the Environment department earlier this month to cancel the permits of nearly a hundred mine projects

Mining firms warn of ‘a hundred Piatcos’

20 February, 2017 at 14:45

The Chamber of Mines of the Philippines (COMP) on Friday warned the government it could be swamped with hundreds of millions of dollars in suits from mining companies whose operations had been ordered shut down by Environment Secretary Gina Lopez.

Minefield

20 February, 2017 at 12:48

Events of the last two weeks in the mining sector indicate just how much this has turned into a minefield for both the industry and the government. The Department of Environment and Natural Resources announced on Feb. 2

Multi-stakeholder review of mining firms ordered

13 February, 2017 at 16:38

A multi-stakeholder review on mining companies was decided late Thursday after a five-hour closed-door meeting of the inter-agency Mining Industry Coordinating Council (MICC).

Palace, Cabinet stop mine closures, suspension orders

10 February, 2017 at 14:59

Malacañang has put on hold the closure and suspension orders on 28 mines issued by Environment Secretary Gina Lopez purportedly to give way to due process.

Cabinet throws lifeline to miners

9 February, 2017 at 12:57

Beleaguered miners reeling from last week’s move by the Environment department to shut them down may have gotten a reprieve when the Cabinet on Tuesday…

Philippine metals industry fights Duterte over shutdown...

6 February, 2017 at 09:53

The Philippines metals industry has vowed to fight a clampdown by President Rodrigo Duterte’s government that would shut more than half the country’s mines and slash nickel ore shipments from the world’s largest exporter.

Gina Lopez names 21 mining firms facing...

3 February, 2017 at 09:07

Environment Secretary Gina Lopez on Thursday said 21 mines are facing closure, mainly for ruining bodies of water because of “indiscriminate mining.”

Challenging times ahead for PH mining companies

4 November, 2016 at 12:06

Prospects for mining over the next several years have been described as “challenging” by no less than the Mines and Geosciences Bureau (MGB) itself.

Global Ferronickel, Chinese firm tie up for...

26 October, 2016 at 10:00

Listed Global Ferronickel Holdings Inc. (FNI) is eyeing the construction of a $700-million stainless steel plant in the country after it inked a strategic cooperation deal with a Chinese firm.

Mining, exports to suffer from DENR audit

10 October, 2016 at 16:30

Australia and New Zealand Banking Group Ltd. believes the massive audit of mining companies may adversely affect the industry’s output as well as export earnings.

Rude Language and Awakenings

4 October, 2016 at 13:00

Judgment, it seems, came early for President Rodrigo Duterte.

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