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Home / Metal News / Another 20 Mining Firms May Face Suspension in the Philippines

Another 20 Mining Firms May Face Suspension in the Philippines

iconSep 27, 2016 14:24
The Department of Environment and Natural Resources (DENR) announced September 27 that is has recommended the suspension of 20 mining firms.

SHANGHAI, Sep. 27 (SMM) - The Department of Environment and Natural Resources (DENR) announced September 27 that is has recommended the suspension of 20 mining firms after completing industry-wide audit of mining operations in the country.

Output at the 20 mines account for 55.5 percent of annual output in the Philippines, said Leo Jasareno. And the 20 mines were given seven days to respond to the findings of inspections, said Environment Secretary Gina Lopez.

According to SMM data, nickel ore inventories at seven major Chinese ports dropped in the week ending Sep. 23.

Nickel Ore Inventories Fall in China, SMM Reports

In the latest edition of China Base Metal Briefing (CBMB), SMM expects nickel ore prices to rise due to tight supply, rising high-grade NPI prices, and stock-piling demand before the monsoon season in the Philippines.  

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

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Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

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