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Exclusive: Philippines suspends 2 nickel mines, halts permits in environmental crackdown


The Philippines has ordered the suspension of operations at two nickel ore mines for environmental violations and halted the issuance of exploration permits as a nationwide crackdown led by a new mining minister begins.

Source

The move could curb nickel ore shipments from the Southeast Asian country, the top supplier to No. 1 market China, and push up global prices further.

News last week that the Philippine government would review all mining operations in the country lifted the price of nickel by 8 percent in two days. It hit an eight-month high of $10,410 a tonne on Monday.

The two nickel mines to be suspended are operated by BenguetCorp Nickel Mines Inc and Zambales Diversified Metals Corp in Zambales province, north of the capital Manila, Leo Jasareno, director of the Mines and Geosciences Bureau, told Reuters on Thursday.

The suspensions followed ”various complaints of environmental degradation,” Jasareno said, adding they would be in effect until the companies complied with conditions set by the agency.

Officials at Benguet Corp, which owns BenguetCorp Nickel mines, were not immediately available for comment. Zambales Diversified Metals could not immediately be reached for comment.

The mining minister, Regina Lopez, a staunch environmentalist, separately said there would be a ban on fresh mining exploration in the country for a month while a review of all existing mines was underway.

”There’s a moratorium on new mining until we’re done with the audit,” Lopez told Reuters in an interview.

The Southeast Asian country has stopped issuing new permits to develop mines since 2012 but has allowed exploration until now.

Of around 40 metals mines operating in the Philippines, Lopez said she didn’t ”even know of one” that practiced responsible mining, strictly adhered to environmental standards or took full care of the local communities where they operate.

Philippine President Rodrigo Duterte, who took office last week, has warned he would cancel mining projects causing environmental harm.

(Reporting by Manolo Serapio Jr.; Editing by Mark Potter)

About HOLY WATER

Honesty and fairness in all instances! fishing is not a right just a duty to care. Imagine what Norrland could deliver! based on Mörrums salmon fishing versus 300 mil living river! this should logically be able to supply 5 billion in tax revenue from live river! Former chef and chef looking for new challenges in life! Do you have a dream job in your pocket, do not hesitate to contact me! Ärlighet och rättvisa på alla instanser! fisket är ingen rättighet bara en skyldighet att vårda. Tänk vad Norrland kunde leverera! räknat på Mörrums lax fiske kontra 300 mil levande älv! detta borde rent logiskt kunna leverera 5 miljarder kr i skatteintäkter från levande älv! Fd Köksmästare och Kock som söker nya utmaningar i livet! har du dröm jobbet i fickan tveka inte att kontakta mig! Är även en utvecklare av hållbart fiske genom min wobbler tillverkning, kika in på sidorna nedan. http://saittarovafishing.wordpress.com/ https://vobblerfabriken.wordpress.com/ https://www.facebook.com/kenneth.h.karlsson https://www.facebook.com/groups/vobblerfabriken/?fref=ts Ring gärna +46730425517 savethebaltic@gmail.com

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