Nickel prices were trading higher on Tuesday, as nickel market participants await the completion of the Philippine government's examination of its nickel mines. A declining US dollar added further support to nickel, although the rest of the base metals had a muted response to the pullback in the US dollar. Nickel prices were hovering around a two-week high during the session. Prices hit a one-year high last month.
Read more: Nickel Price Hovers Around Two-Week High With Results of Philippine Mining Crackdown Pending

The Philippines will this week announce the suspension of more of the country's mines for violating environmental regulations, the mining minister said on Monday, as the government wrapped up a seven-week review.

The Southeast Asian nation, the world's top nickel ore supplier, launched a review of the country's 40 metallic mines on July 8 and has so far suspended 10, eight of them producing nickel ore. The closures and the risk of more mines being shuttered lifted nickel prices to a one-year high last month.
Read more: More mine suspensions likely after audit ends

Environment Secretary Regina Paz L. Lopez on Monday dissuaded lawmakers from passing a law that will divide the Department of Environment and Natural Resources (DENR) into two agencies, stressing that a single body would better ensure that exploitation of mineral resources will not compromise the community's welfare and other economic activities in a particular area.
Read more: Lopez bucks plan to split DENR into two agencies

DAVAO CITY -- Members of the Mindanao Association of Mining Engineers (MAEM) will hold their annual summit this month, now on its 22nd year, but this time with the participation of all stakeholders in an attempt to get a consensus on the direction of the industry that is undergoing a shake-up from the Duterte administration.
Read more: Summit seeks unified declaration on mining

Latest Updates
Back to Top