Manila: The Philippines could suspend at least 10 more mines under an environmental crackdown on the sector, the minister in charge of mining said, in a move that threatens to halt the operations of half the mines in the world’s top supplier of nickel ore. Global nickel prices jumped 2 per cent as the country’s second-biggest nickel producer warned that more new stoppages would disrupt shipments to the crucial Chinese market and elsewhere. President Rodrigo Duterte has taken a tough line on the industry and warned the nation could survive without mining, while mineral producers have labelled a review of the sector a “demolition campaign”. The Philippines has already halted the operations of 10 mines, eight of them nickel producers, for environmental lapses since it launched an audit on July 8.
Philippines may suspend at least 10 more mines under crackdown
Manila has already halted 10 mines, 8 of them nickel producers