June 30, 2017: Mining groups to form self-policing body – Cebu Daily News

June 30, 2017: Mining groups to form self-policing body – Cebu Daily News
 

After a turbulent year filled with company closures and scrapped deals, several mining firms in the Philippines are now considering the idea of policing their own ranks.

Enrico Nera, president of the Toledo City-based Carmen Copper Corporation (CCC), said there has been ongoing discussions among mining professionals to form a self-regulatory organization following the events that the mining industry faced under the leadership of former Environment Secretary Gina Lopez.

“After the events of the past year, we realized that we need to step up and start policing ourselves,” he told reporters during a tour around CCC’s facility last week.

To recall, Lopez ordered the closure of several mining firms in the country as well as scrapped at least 75 mining deals earlier this year.

The Department of Environment and Natural Resources (DENR) ordered 23 mines closed for ruining watershed areas and for “indiscriminate mining.”

June 30, 2017: Philex expects flat growth for 2017

June 30, 2017: Philex expects flat growth for 2017
 

MANILA, Philippines — Pangilinan-led Philex Mining Corp. expects a flat growth for the rest of the year but sees a more positive mining industry with the new leadership at the Department of Environment and Natural Resources.

During the sidelines of the company’s annual stockholders meeting Thursday, Philex Chairman Manny V. Pangilinan said the firm will likely post the same profit it generated last year.
“It will probably be similar to 2016 because there are certain issues on the production but nothing serious. There is slight decline for ore which could impact the amount of gold and copper production for the year,” he said.
“Profits will be similar, flattish and not much significant change,” Pangilinan added.
Last year, Philex’s net income more than doubled to P1.6 billion owing to better production output, higher metal prices and favorable exchange rates.

June 30, 2017: Philippines open-pit mining ban has “no legal basis” -govt official

June 30, 2017: Philippines open-pit mining ban has “no legal basis” -govt official

MANILA: A ban on open-pit mining in the Philippines enforced by former environment minister Regina Lopez has “no legal basis” and is under review, a senior government official said, the first sign that drastic measures she had ordered could be challenged.

“In the Philippines … surface mining or ‘open-pit’ is technically and financially feasible,” Larry Heradez, head of the Mines and Geosciences Bureau’s legal division, told reporters on Thursday.

It was the first time a government official has countered a policy previously issued by Lopez, who was dismissed last month.

A staunch environmentalist, Lopez led a 10-month mining crackdown, ordering the closure or suspension of 26 mines in the world’s top nickel ore supplier and imposing a ban on open-pit mining, which she said “kills the economic potential of the place.”

 

 

Full story

June 30, 2017: Lopez: ‘Green’ economy creates more jobs than mining

June 30, 2017: Lopez: ‘Green’ economy creates more jobs than mining
 

CEBU CITY, June 29 — Former Department of Environment and Natural Resources (DENR) secretary Gina Lopez reiterated here Thursday that “green” economy could create more jobs than the mining industry.

“If I had been able to stop the mining, we would have lifted the economy and created many more jobs for the people compared to what we’re earning from the mining sector,” Lopez said. “Wherever there is mining, the poverty level there is higher than the national average. What I really want to do is to have a ‘green’ economy and refund the money back to the people.”

Green Economy is where people use renewable resources without destroying our environment, she said.

“Just because the community is earning high, it doesn’t mean it is fully developed. A fully developed community doesn’t only benefit those who were managing it but also the people living in the area,” Lopez added.

June 29, 2017: Mining groups to form self-policing body – Cebu Daily News

June 29, 2017: Mining groups to form self-policing body – Cebu Daily News
 

After a turbulent year filled with company closures and scrapped deals, several mining firms in the Philippines are now considering the idea of policing their own ranks.

Enrico Nera, president of the Toledo City-based Carmen Copper Corporation (CCC), said there has been ongoing discussions among mining professionals to form a self-regulatory organization following the events that the mining industry faced under the leadership of former Environment Secretary Gina Lopez.

“After the events of the past year, we realized that we need to step up and start policing ourselves,” he told reporters during a tour around CCC’s facility last week.

To recall, Lopez ordered the closure of several mining firms in the country as well as scrapped at least 75 mining deals earlier this year.

The Department of Environment and Natural Resources (DENR) ordered 23 mines closed for ruining watershed areas and for “indiscriminate mining.”

June 29, 2017: FNI sees nickel sales climbing in few years

June 29, 2017: FNI sees nickel sales climbing in few years
 

Listed nickel producer Global Ferronickel Holdings Inc. said Wednesday it expects nickel sales to increase in the next few years, driven by favorable prices in the world market, higher shipment and rising demand.

FNI, the second largest nickel producer in the country, said unit Platinum Group Metals Corp. was on track to achieve its target of 6 million wet metric tons this year.

“Weather permitting, we expect to meet our 2017 target of 6 million WMT,” FNI president Dante Bravo said at the sidelines of the company’s annual stockholders meeting at Dusit Thani Manila in Makati City.

Bravo said that based on projections, nickel demand would increase 3 percent this year until 2020 amid urbanization and infrastructure modernization in Asia.

“The sentiment is more positive this year. It is more positive compared to last year because there’s urbanization going on basically in Asia Pacific region which will drive nickel demand in the region. Then there’s technological breakthrough which is the emergence of energy vehicle systems requiring batteries,” Bravo said.

June 29, 2017: Global Ferronickel on track to meet 6M WMT shipment target

June 29, 2017: Global Ferronickel on track to meet 6M WMT shipment target
 

Global Ferronickel Holdings Inc. (FNI), the country’s second-largest nickel ore producer, is on track to meet a shipment target of 6 million wet metric tons (WMT) this year, banking on the renewal of its permit in Surigao del Norte and additional supply from the Palawan mine.

“Weather permitting, we expect to meet our 2017 target of 6 million WMT,” FNI President Dante R. Bravo disclosed to the Philippine Stock Exchange.

As of June 27, the company has shipped out 1.747 million WMT, at a year-to-date average price of $18.4 per WMT.

In July 2016, the Department of Environment and Natural Resources (DENR) renewed the company’s mineral production sharing agreement (MPSA) covering the 4,376-hectare Cagdianao mine.

Full story

June 29, 2017: Nickel Dropped Pressured By Expectations Of More Supply

June 29, 2017: Nickel Dropped Pressured By Expectations Of More Supply
 
Nickel on MCX settled down -0.86% at 579.6 pressured by expectations of more supply from Philippines and Indonesia.
New orders for key U.S.-made capital goods fell unexpectedly in May and shipments also declined, suggesting a loss of momentum in the manufacturing sector halfway through the second quarter.
Profits earned by China’s industrial firms in May rose 16.7 percent from a year earlier, the statistics bureau said, quickening from the previous month.
Nickel ore inventories at seven major Chinese ports fell in the week ending June 23. Inventories at the seven ports were down 80,000 tonnes last week.
Last week, CIF price of medium-grade nickel ore moved higher with rallying price of stainless steel and demand growth. But, it is still a buyer’s market, and nickel ore market will still come under price pressure.

June 28, 2017: MGB to explore manganese nodules, sulfides and rare earths in Philippine Rise

June 28, 2017: MGB to explore manganese nodules, sulfides and rare earths in Philippine Rise

 

Secretary Roy Cimatu of the Department of Environment and Natural Resources (DENR) directed the Mines Bureau (MGB) to fast track the geological investigation and exploration for minerals, particularly polymetallic sulfide at the Philippine Rise, formerly known as Benham Rise, which could be a source of huge revenues for the government. Executive order No. 25, signed by President Rodrigo Roa Duterte on May 16, 2107, changed the name of Benham Rise to Philippine Rise.

Dr. Yolanda M. Aguilar, MGB Central Office Marine Geological Survey Division OIC-Chief said that they are preparing to conduct further exploration and surveys at the Philippine Rise to look for manganese nodules and sulphides, like gold, copper, and for possible rare earths and methane ice.

At present, a reconnaissance geological and geophysical survey is currently being planned and more studies and long term program proposals are being prepared, to explore the Philippine Rise using the MGB’s research vessel, RPS Explorer.

“I requested Dr. Aguilar to prepare a program proposal so that we will know what is needed to really make sure that the RPS Explorer is fit to conduct exploration in the extended continental shelf to cover 150-250 nautical miles for possible exploration,” DENR Undersecretary for Mining and Concurrent MGB Director Mario Luis J. Jacinto said.

 

 

Full story

June 28, 2017: Jacinto: Bridge gap with LGUs, make projects beneficial to people

June 28, 2017:    Jacinto: Bridge gap with LGUs, make projects beneficial to people
 

Department of Environment and Natural Resources (DENR) Undersecretary and Concurrent Mines and Geosciences Bureau (MGB) Director Mario Luis J. Jacinto stressed the importance of the DENR and urged its employees and those in its attached Bureaus to “bridge the gap” between national government and the LGUs to make projects and programs more effective and beneficial to the people.

“We have to bridge that gap between the national and local government. Because only by doing so can we really expect programs and projects to be sustainable, to be successful, to be beneficial to the communities and the people,” he said during the flag ceremony at the DENR Central Office grounds in Quezon City this morning.

Jacinto also said that cooperation within the DENR, LGUs and other government agencies that need the Department’s assistance in terms of information or expertise, among others, will greatly affect the programs and projects to be implemented effectively. He also reminded that the DENR’s work impacts the daily lives of the people.

“So whatever sector we are in, it is always important that we look into our critical role in determining how we can best ensure that environment and natural resources management is something that is done rationally and that the laws, rules and regulations are synchronized and that we are able to optimize the resources that we have,” he said.