PH is not an ideal location for new mineral processing plants – Bravo 0 SHARES Share it! Duterte, in one of his statements regarding the sector, explained that industrialization “invariably involves value-adding activities for downstream processing of metallic mineral resources.”Philippine Nickel Industry Association (PNIA) President Dante Bravo just burst that bubble and said the Philippines is not a strategic location to develop new mineral processing plants in. He then pointed out that Indonesia, also a top nickel exporter, has cheaper power cost than the Philippines which makes it more ideal for new processing plants. FNI is the third largest nickel ore producer in the Philippines and the largest single lateritic mine exporter in the world. He said the foreign firm’s entry in the Philippines will help add value to the country’s mineral resources.

Source: Manila Bulletin December 30, 2018 13:52 UTC