Philippines Widens Mining Crackdown, Boosting Nickel Prices
World’s top supplier of nickel ore recommends that 20 more of its mines be suspended over environmental concerns
MANILA—The Philippines widened a crackdown on mines over environmental concerns, sparking a jump in nickel-ore prices and highlighting worries about how to secure reliable sources in Asia of key industrial ores used to make metals.
The government recommended Tuesday that 20 more mines be suspended as part of a nationwide audit in response to complaints that the mining sector flouts environmental regulations. Earlier in the audit, which began soon after the election of Philippine President Rodrigo Duterte, operations were halted at 10 other mines. The combination means that three-quarters of the Philippines’ mines have been warned about environmental compliance..
Link: http://www.wsj.com/articles/philippines-widens-mining-crackdown-boosting-nickel-prices-1474979096
Unter anderem hat es gestern die Goldproduzenten B2 Gold (BTG) und OceanaGold (T.OGC) hart getroffen, die beide bedeutende Minen auf den Philippinen betreiben..
Quote - credit to IKN:
MANILA—The Philippines widened a crackdown on mines over environmental concerns, sparking a jump in nickel-ore prices and highlighting worries about how to secure reliable sources in Asia of key industrial ores used to make metals.
The government recommended Tuesday that 20 more mines be suspended as part of a nationwide audit in response to complaints that the mining sector flouts environmental regulations. Earlier in the audit, which began soon after the election of Philippine President Rodrigo Duterte, operations were halted at 10 other mines. The combination means that three-quarters of the Philippines’ mines have been warned about environmental compliance..
Link: http://www.wsj.com/articles/philippines-widens-mining-crackdown-boosting-nickel-prices-1474979096
Unter anderem hat es gestern die Goldproduzenten B2 Gold (BTG) und OceanaGold (T.OGC) hart getroffen, die beide bedeutende Minen auf den Philippinen betreiben..
Quelle: stockcharts.com
Quelle: stockcharts.com
Quote - credit to IKN:
The list of 20 Philippine mining firms in the firing line
Right here. And even though Masbate isn't one of them, B2 is off 9% at the bell. Go figure.
Update..oops, my mistake, the subsidiary Filminera is named. Makes more sense, I need to drink my coffee earlier in the day.
Update..oops, my mistake, the subsidiary Filminera is named. Makes more sense, I need to drink my coffee earlier in the day.
- Libjo Mining Corporation
- AAM-Phil Natural Resources Exploration and Development Corporation - Parcel 1 and Parcel 2B
- Krominco Incorporated
- Carrascal Nickel Corporation
- Marcventures Mining and Development Corporation
- Filminera Resources Corporation
- Strongbuilt Mining Development Corporation
- Sinosteel Philippines HY Mining Corporation
- Oriental Synergy Mining Corporation
- Wellex Mining Corporation
- Century Peak Corporation - Rapid City Nickel Project and Casiguran Nickel Project
- Oriental Vision Mining Philippines Corporation
- CTP Construction and Mining Corporation
- Agata Mining Ventures Incorporated
- Hinatuan Mining Corporation
- Benguet Corporation
- Lepanto Consolidated Mining Company
- OceanaGold Phils, Incorporated
- Adnama Mining Resources, Incorporated
- SR Metals, Incorporated
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